Blocktown Capital CEO: '5 Years Ago Bitcoin Was at $270… Didn't Sell Then… Not Selling Now'

Siamak Masnavi

According to data from CryptoCompare, on Wednesday (February 26), between 15:00 UTC and 16:40 UTC, the Bitcoin price fell below the psychologically important $9,000 level, and Bitcoin ended the day around $8,638.  

At the time of writing (09:53 UTC on February 27), Bitcoin is doing better than the start of the day, but it is still below the $8,800 level:

BTC-USD 24 Hour Chart on 27 Feb 2020.png

Although the 7-day and 30-day return-on-investment (ROI) figures (vs USD) don't look good at -8.5% and -6.28% respectively, it is important during times of panic in the markets to keep an eye on longer timeframes as well.

In the case of Bitcoin, here are the ROI figures for some longer timefames:

  • year-to-date (YTD): +22.15%
  • 90-day: +13.00%
  • one-year: +129.21% (price at that time: $3830)
  • three-year: +638.35% (price at that time: $1188)
  • five-year: +3363.52% (price at that time: $253)
  • 10-year: +17731671% (price on 17 July 2010: $0.04951)

Here is the all-time price chart:

all-time price chart for Bitcoin on 27 Feb 2020.png

And perhaps this kind of chart is what Joseph Todaro, Co-Founder and Managing Partner of digital asset management firm Blocktown Capital, had in mind when he sent out a tweet (yesterday), which seemed to perfectly capture the feelings of many Bitcoin HODLers during the current meltdown of the crypto market:

Another Bitcoiner who seemed to be feeling pretty calm yesterday was Udi Wertheimer, co-host of the Reckless Review podcast:

 

Featured Image by "AaronJOlson"via Pixabay.com