Bitcoin's Ugly Downside

From its high on November 10, 2021 Bitcoin has dropped 55% as of May 15. More interesting is that 77% of the possible buy and sell combinations for that period lost money. Each buy and sell combination represents a return based on the printed Bitcoin value for each day of the period. 13,464 of the possible 17,391 combinations lost money.

This measure does not track actual trades but does show the pattern of daily returns for Bitcoin.

These data came from the Bitcoin Cryptocurrency Return Calculator, a calculator that I devised.