Bitcoin high trading at $21k in later 2017, now bouncing at $3100, that's like a an 86% loss year-2-date
now ur exaggerating
firstly the number of people that bought at $21k......... 0
the number of people buying around $20k very very small amount. probably 5 people bot trading
and those bot traders were selling as fast as they were buying. so no 400% loss.. more like 1% loss
the $20k did not last long. large percentage of traders were not active on that time period so stop even trying to make out the $20k was a stable price that lasted long enough to cause community wide losses today. it affected not even 1% of the community
the thing you should be looking at is the long period of prices remaining above $5800 which everyone had ample oppertunity to take advantage of
EG 12 months of prices remaining over ~$5800 baseline. if you just do 1% profit a day =365% profit a year
smart traders never buy at a high. so pretending loads of tradrs or institutions bought right at the tip.. thats a laugh.
sorry but nah traders buy make a 1% sell. and repeat as fast as possible. if the price is going up they buy make 1% sell
repeat repeat repeat.
if the price jumps up more then 1% before they sell then hold off and then as soon as it goes down they sell.
EG if a price moves up 7% instantly. they sell when it starts to move down thus ending up 6% profit by the time they sell
they dont buy at $18k se 20k and just hold. and then see 19k 18k17k16k15k14k before asking should they sell. they would have sold as soon as 20k turn down. meaning selling at 19k.. meaning 1k profit
i think you need to challenge yourself to some lessons of economics
just because a chart shows a market touched $20k does not mean everyones purchase price was 20k
i have coins from 2012. i never would value them at $20k
i grabbed data of the day it went to $20k
on that day when prices were above 19k. meaning a 19-20=5% shift
i can count 15 EASY bot oppertinites to make a total of 15% (there could be more. but i counted just the easy ones)
so lets say that over all the exchanges. 750k was the combined day volume.
thats not 750k people. thats not even 750k coins. thats at most 50k coins bot-trading repeatedly 15 times.
them 50k coins would not have bought at 20k and held on for 12 months and decide to sell finally at the mid $3k range
they would have sold in the 19k range making at worse 1% loss
500coins = only a dozen million $$ not hundreds of millions not billions
