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Why I Think the S&P 500 Crashed Bitcoin in 2019

Written by @jonromero | Published on 2020/1/9

TL;DR
You had 63.1% more chances of making more money by investing in the S&P in 2019 than investing in Bitcoin in any random day. Your Bitcoin could have lost more than 50% of its value 24 times (that’s 1 out of 10 times!) You had a 60% chance of losing money if you had invested in Bitcoin. Bitcoin was losing money for more than half of 2019. The maximum you could have made by buying the S.P 500 at any random time and holding it until the end of 2019 was 0.33% of your portfolio. With Bitcoin, you would have lost 82% or $8,200 on an investment.

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Written by
@jonromero
My money is managed by a Machine and I spend most of my time looking how to help Entrepreneurs

Topics and
tags
cryptocurrency|investing|invest|s-and-p-500|bitcoin|finance|fintech|programmable-currency
This story on HackerNoon has a decentralized backup on Sia.
Transaction ID: 3sjYsZVVCPV0iNKgDkQFT5N0pSQwR9tN4EV1ba1sUXs