Bitcoin Purchases Not in Profit

Bitcoin quickly lost it's 4 hour uptrend overnight falling more than $1,500 in a thirty minute time period after the digital asset had run up in price $2,200 this week.

Bitcoin is known for it's volatility in the short term, but those that have dollar cost averaged into the fiat currency hedge over the long term are faring well as is shown in the chart below. When comparing all of the bitcoin purchases made since the creation of the digital asset in 2009, there is only a small percentage of purchases that are not in profit.