Year 2020... How much would we have earned by investing $1000 in Bitcoin?

Year 2020... How much would we have earned by investing $1000 in Bitcoin?

By odisseo | Cryptodyssey | 11 Oct 2020


In general (but not only), both the growth and the decrease in the value of cryptocurrencies mostly respond to the basic dynamics of supply and demand. The more a good is in demand on the market, and the less this same good is available, the higher its value will be.

Since the beginning of 2020, the price of Bitcoin (BTC) has grown considerably, up to the current $11350 (11 October).

charts_values

Starting from this data and taking as a reference the monthly average values ​​of Bitcoin (closing price) provided by CoinDesk, if we had invested $1000 in Bitcoin in January, the invested amount (including the accrued gain) would have reached the figure of $1358,83 (+35,88%).

Certainly the month of March was the most profitable period to buy Bitcoin, when the price of the asset dropped significantly. Otherwise, the worst period was that of mid-August, when on average the price of Bitcoin reached an important peak and, consequently, the initial investment of $1000 depreciated to the figure of $974,06 (-2,59%).

source:
https://www.coindesk.com/price/bitcoin

 

Thank you for taking the time to read this article.

Ad maiora!

binary_code

Binancemy referral link.

Bitpanda: You signs up to Bitpanda using my referral link. Verify your account with Bitpanda. Complete a FIAT deposit of at least 25 EUR on your new account on Bitpanda. Trade minimum 25 EUR on your new account on Bitpanda. You will then receive 10 EUR on your account on Bitpanda.

Coinbase: You signs up to Coinbase using my referral link. Verify your account with Coinbase. If you buy or sell at least 100 USD on Coinbase, you will receive 10 USD in Bitcoin.

Earn crypto while learning about crypto (Coinbase).

By using my referral link, you can earn 10 USD in COMP for free. (4 invitations available)
By using my referral link, you can earn 10 USD in EOS for free. (3 invitations available)
By using my referral link, you can earn 10 USD in XLM for free. (4 invitations available)

Huobimy referral link.

KuCoinmy referral link.

Presearch, decentralized search engine: my referral link.

Play the FreeCardano (ADA) game: my referral link.

Play the FreeBitcoin (BTC) game: my referral link.

Play the FreeDash (DASH) game: my referral link.

Play the FreeEthereum (ETH) game: my referral link.

Play the FreeChainlink (LINK) game: my referral link.

Play the FreeNEO (NEO) game: my referral link.

Play the FreeTRON (TRX) game: my referral link.

Play the FreeTether (USDT) game: my referral link.

Play the FreeRipple (XRP) game: my referral link.

Claim Zcash (ZEC) and Dash (DASH): my referral link.

Claim Zcash (ZEC): my referral link.

odisseo
odisseo

odisseo is a civil/environmental engineer. Passionate about cryptocurrencies, blockchain technology, cybersecurity.


Cryptodyssey
Cryptodyssey

Cryptocurrencies and Blockchain: News and Reviews

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.