[msackmann]

Realized profit? Or is the current value just above the value of the purchase date? I would believe the latter, as the value is still quite high.

However, realizing the profit is a different thing. That will work only for a few who invested early and deinvest early. Basically, btc is a pyramid scheme, the only difference to other pyramid schemes is that this fact is not obfuscated. Every investor knows that he is buying a fundamentally worthless good, but is hoping that someone else will eventually pay him a higher price.

That works well until the market is saturated and no one is willing to buy btc any more. Then, the price collapses.

Thus: even if most investors today have made profit, that simply means that the bottom of the pyramid has not been reached. At that point, most investors will have made loss.