What 3 years of buying Bitcoin looks like! - Data Analysis
Hi guys! I’ve been buying and holding Bitcoin for almost 3 years now. I manage my Bitcoin investments in Excel and I really like to play around and analyze the data, since I’m currently studying statistical analysis. So I want to show you some interesting analysis and I hope it inspire you to do something similar!
A few things before starting:
*• All the data that you’ll see here is with the price of 1 Bitcoin equals to* ***$ 49.000,00;***
*• Everything is measured in percentage for privacy reasons;*
*• In my country we use comma for the decimal separator and use period to separate groups of thousands;*
*• English is not my main language, so it could have some misspelling;*
Let’s begin with the amount of money that I invested and the average price per Bitcoin in each year:
In 2019 is where everything started, Bitcoin was my first investment ever. It only accounts for 4% of all the money with an average price of $ 6.345,69. In 2020 is when the pandemic hit and changed my perception, things started to click on my mind, understanding what money is, the true nature of Bitcoin and how it would impact my life and the life of others. It’s 4x more money than 2019, accounting for 16% of all the money at an average price of $ 14.783,91. Now 2021 I went completely bananas, not only I sold a lot of things that I didn’t needed (like my gaming chair and guitar) to buy more Bitcoin, I also got a fix job, meaning more money flowing into Bitcoin. It’s 5x more money than 2020 accounting for 80% of all the money at an average price of $ 40.962,99. Now to the juicy stuff, profit:
As expected, because 2019 has the lowest avg. price it has the biggest appreciation in price currently at 672%, followed by 2020 with 232%, and 2021 with only...
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