Vanguard Investors: Bitcoin and Gains Losses

vanguard investors: Recently, Bitcoin was trading near 7,000, according to The Independent. An investor who bought early in 2017 would still be up more than 500%. But that's not the whole story. Since then, prices have fluctuated wildly, falling 73% in 2018 and rising 85% this year but they have not come close to retesting previous highs. Dan Wiener, chairman of Adviser Investments and founder of the Independent Adviser for Vanguard Investors, analyzed Bitcoin price movements since the start of 2017 and found that the average five-day rolling return was 1.5%. But the range of five-day gains and losses was enormous, with a high of 47% and a low of minus 29%. And investors lost money 45% of the time when they held Bitcoin for 10 days, he calculated. function function create Chart var CHART ENGINE NAME var definitions ; function load Script src var script src ; function for var key in definitions if if !window key return init ; function return 100 ; function init var width 0; var Chart Engine var delay; var options Wild jumped as high as 19,783 in 2017, but hasn't come close to that level 0, 0, 0, 0, 0, 0, 0, 0, Insets ; options.el var render function event var new Width window.inner Width; if event && event.type 'hashchange' width ! new Width width new Width; Chart Engine.destroy clear Timeout delay ; delay set Timeout function options.width Chart Engine.render false ; 100 ; ; render ; render, false ; render, false ; if typeof 'undefined' false; var aws Str load Script aws Str ; track Action 'render' ; function track Action action if window && window.NREUM var article Id var meta Type var meta Section var page Source var data inset Name 'chartlos', chart Id chart Version '0 8 52', chart Product 'BARRONS', article Id article Id '', article Type meta Type '', article Section meta Type '', page Source page Source '' 'chartlos ' action, data ; if document.ready State 'complete' create Chart ; else create Chart, false ; ; Beyond the price action, the biggest change since 2017 is Bitcoin's rising competition. But Bitcoin still accounts for 67% of the market value of cryptocurrencies, according to Coinmarketcap. Two years ago, the market was awash in initial coin offerings for currencies expected to challenge Bitcoin's dominance. (news.financializer.com). As reported in the news.