Posted Nov 18, 2022 5:02 PMUpdated on Nov. 18, 2022, 6:17 p.m.
Playful and inseparable, the smartphone was one of the great tools of the crypto and bitcoin trading craze that took hold of individuals, for better or for worse. Between August 2015 and last June, nearly three-quarters of smartphone application users downloaded them when bitcoin was worth more than $20,000 (against $16,650 today) according to a large study conducted over the past seven years (1 ) by the Bank for International Settlements (BIS).
They thus launched late on the market, between 2020 and 2022, attracted by soaring prices. They therefore had less chance of making a profit. The BIS estimates “that between 73% and 81% of individuals probably lost money on cryptos”. A result linked to the hypothesis that once the application has been downloaded, the individual has invested the same amount in bitcoin each month, to limit their risks by investing in both the up and down phases.