Quote from: picolo on January 04, 2015, 05:30:41 PM

Quote from: TonyT on January 04, 2015, 03:00:15 PM

I'm new to this thread. Without reading all 989 pages of posts, can somebody summarize the prevailing Zeitgeist of this thread?

Shouldn't it read, "Bitcoin collapsing, Gold is steady"?

It reminds me, as a gold bug, of the 'collapse' in gold the last few years. Since my average price is well below $1000 an ounce, I don't really care if it falls from its all time high, as I'm still above water.

Is it the same with most of you BTC holders? Or did you buy at the peak?

TonyT

There are no precise statistics about the number of people that bought higher than the current market price but you can assume it's now more than 50%.

picolo, TonyT, there are VERY precise statistics of exactly this (just not by "person", only by "bitcoin"). All of the data is in the block chain. Anyone can see precisely when every bitcoin was last transferred. There are also pretty good data on exchange rates to whatever your favorite currency is (if not bitcoin). Every UTXO exists in a timestamped block.

Ratcliff has put together some nice area charts showing the age.
http://www.reddit.com/r/Bitcoin/comments/2n205b/an_area_chart_showing_the_distribution_of/

So to answer your question, most bitcoin were last transferred at well under the current price.
(And this chart below only includes the last 4 years of transfers, older bitcoin are not included)