Topic: Buying Bitcoin Has Been Profitable 98.2% of the Days Since Creation (Read 291 times)
Awesome stats and this just proves bitcoin as the best financial investment and this simply indicates that no other financial product can produce such results, bitcoin is not only profitable but very lucrative to hold for longterm as a growing asset im sure large number of commodity and gold investors will also realize this and move to btc and other cryptos soon.
July 19, 2019, 01:55:45 PM
This just shows how good DCA*'ing is when you are investing in a deflationary asset like bitcoin. You are less exposed to the extreme price movements and good returns are almost guaranteed.
*DCA= Dollar cost averaging,
https://www.investopedia.com/terms/d/dollarcostaveraging.asp
*DCA= Dollar cost averaging,
https://www.investopedia.com/terms/d/dollarcostaveraging.asp
July 19, 2019, 01:21:11 PM
Good statistics.
Many people are in a market for few days and when they do not become rich over night, they sell in a loss and start complaining about cryptocurrencies.
Many people are in a market for few days and when they do not become rich over night, they sell in a loss and start complaining about cryptocurrencies.
July 19, 2019, 12:34:55 PM
I also seen somewhere about the pictorial representation of this article or statistics.
But people still not accepting that bitcoin is legit and profitable.
But people still not accepting that bitcoin is legit and profitable.
July 19, 2019, 12:02:48 PM
Bitcoin (BTC) has been profitable as an investment 98.2% of the days since its creation, data from holdcalc.com as of July 1 indicates.
Counting 3830 days back — to January 4, 2009, one day after the coin’s Genesis Block was hashed — holdcalc’s data suggests that on 3671 of these, it was profitable to buy bitcoin (BTC) as an investor.
That leaves 69 unprofitable days — which include virtually all days during December 2017, at the apex of bitcoin’s historic bull run to $20,000 — as well as almost all of January 2018.
Read more: https://bitcoin2day.net/buying-bitcoin-has-been-profitable-98-2-of-the-days-since-creation/
I totally agree, every time the bear market comes I am very observant where the floor is going to hit because this is where I'm going to get the most profit from my investment, all the whales are buying at the floor price, because this is the only time that you can make huge profit. Counting 3830 days back — to January 4, 2009, one day after the coin’s Genesis Block was hashed — holdcalc’s data suggests that on 3671 of these, it was profitable to buy bitcoin (BTC) as an investor.
That leaves 69 unprofitable days — which include virtually all days during December 2017, at the apex of bitcoin’s historic bull run to $20,000 — as well as almost all of January 2018.
Read more: https://bitcoin2day.net/buying-bitcoin-has-been-profitable-98-2-of-the-days-since-creation/
July 19, 2019, 11:50:44 AM
You are wrong,bitcoin has been able to do profit returns over a thousand percent gains since its creation and now it will be hard to buy bitcoin at the rate it was in January 2019,i still doubt if it will ever go down to 5k again
July 19, 2019, 11:33:10 AM
If only it was possible to see the future, I could have seen the future of Bitcoin and bought as many of it as I could when it was still worth pennies, information is power and we tend to neglect it most times because we.dont understand it.
July 09, 2019, 04:30:58 PM
wow, that's something interesting. How this has been calculated?98 % of the days was profitable mean it is still undervalued and biying now could be a great profit.
There is a simple calculation stated by OP but I don't think that would be the right cause people aren't investing BTC since the creation and this calculation meant nothing. Why? That's because I'm profiting more than that of 98% by now.For instance, if we buy BTC when the price around $4k and if we sell it today, how much we've got? It is tripled already, and it is more than that of what OP has stated.
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July 09, 2019, 04:09:58 PM
wow, that's something interesting. How this has been calculated?98 % of the days was profitable mean it is still undervalued and biying now could be a great profit.
July 09, 2019, 03:49:46 PM
Exactly. I perfectly agree with you. Bitcoin has been the top leading crypto coin in cryptocurrency business since crypto was born and no one can change that. Investing in bitcoin is a great thing because it will yield positive later in the future. Most people say that its best to buy and invest coins when red and later sell when they are green to get profit.
July 03, 2019, 06:36:18 AM
The question is whether you started your investment then? I don't think there is anyone here that invested in 2009 and still holding their investment till now, except those that created the coins I guess but for those of us who are investors, none of us has hodl from then till now… everyone would be selling once they have made profit.. Especially in 2017, if there was anyone that was able to hold their investment from 2009, it's possible that they have sold in 2017 cause none of them Would like to miss that opportunity. Those who bought many coins cheap and were able to wait till 2017 are now millionaires for sure, and living a good life.
July 01, 2019, 10:54:07 AM
The best strategy to maximize Bitcoin profit, is to ride the bull sell and wait for the correction and then buy the bottom again, which could be up to 80% correction, doing this one would be fine. It was like the bear market never happen at all, with the way people reacted to the recent price movement
July 01, 2019, 09:49:05 AM
Bitcoin (BTC) has been profitable as an investment 98.2% of the days since its creation, data from holdcalc.com as of July 1 indicates.
Counting 3830 days back — to January 4, 2009, one day after the coin’s Genesis Block was hashed — holdcalc’s data suggests that on 3671 of these, it was profitable to buy bitcoin (BTC) as an investor.
That leaves 69 unprofitable days — which include virtually all days during December 2017, at the apex of bitcoin’s historic bull run to $20,000 — as well as almost all of January 2018.
Read more: https://bitcoin2day.net/buying-bitcoin-has-been-profitable-98-2-of-the-days-since-creation/
Counting 3830 days back — to January 4, 2009, one day after the coin’s Genesis Block was hashed — holdcalc’s data suggests that on 3671 of these, it was profitable to buy bitcoin (BTC) as an investor.
That leaves 69 unprofitable days — which include virtually all days during December 2017, at the apex of bitcoin’s historic bull run to $20,000 — as well as almost all of January 2018.
Read more: https://bitcoin2day.net/buying-bitcoin-has-been-profitable-98-2-of-the-days-since-creation/
Bitcoin is truly profitable
On the long term and on the short term
But it can also render your profits in loss, if you participate wrongly without prior notice
So simply dyor and pick the-bright spots
July 01, 2019, 09:43:50 AM
That's just an unbelievable piece of stats. More surprising is the fact that even if we take out the initial 5 years, Bitcoin still remains profitable 97% of the time. I don't know how accurate this data is (as far as I could remember, we had a correction phase from 2014 to 2016, and from 2018 to mid 2019), but in case it is right then we need to highlight this to the rest of the world.
July 01, 2019, 09:36:20 AM
But almost all bitcoin price movements will never be able to guess, that's the specialty of bitcoin. Today has decreased from around $ 12 to $ 11k in the last few days. Most likely this is only for a moment and will rise again. It would be very beautiful if it touched $ 15k in this July.
Do you agree? Thank you.
Do you agree? Thank you.
July 01, 2019, 09:35:13 AM
Bitcoin (BTC) has been profitable as an investment 98.2% of the days since its creation, data from holdcalc.com as of July 1 indicates.
I am not convinced by these numbers. How was that calculated?
By comparing the high and the low of each day? That doesn't mean the average Joe could profit each and every day.
By comparing the prince at 0:00 GMT with the price at 23:59 GMT? I am almost sure the numbers would look different in this case.
Also (unfortunately) the average FOMO will buy when the price is higher than a certain threshold and will not get to profit because he'll sell way into the dump, after the price has fallen way to low.
Edit: why is this in altcoin discussion and not in Bitcoin or Press?
July 01, 2019, 08:10:14 AM
But people are still struggling when si the best time for buying? For example now they see a drop from 14k to 10.5k in few days. It is hard to predict next move, but they would rather wait. Again, they are waiting for 4k but that will probably never happen 
.
. July 01, 2019, 08:06:58 AM
That's just counting the price movement in each days. The increment in profit in amount from the genesis is more than 10,000,000%. That was way ago and most people didn't knew about bitcoin.
The price of bitcoin on April 1st 2019 was ~4750 USD while it's current price is ~10650 USD. i.e. 220% ROI in just 3 months.
The price of bitcoin on April 1st 2019 was ~4750 USD while it's current price is ~10650 USD. i.e. 220% ROI in just 3 months.
July 01, 2019, 07:59:33 AM
Bitcoin (BTC) has been profitable as an investment 98.2% of the days since its creation, data from holdcalc.com as of July 1 indicates.
Counting 3830 days back — to January 4, 2009, one day after the coin’s Genesis Block was hashed — holdcalc’s data suggests that on 3671 of these, it was profitable to buy bitcoin (BTC) as an investor.
That leaves 69 unprofitable days — which include virtually all days during December 2017, at the apex of bitcoin’s historic bull run to $20,000 — as well as almost all of January 2018.
Read more: https://bitcoin2day.net/buying-bitcoin-has-been-profitable-98-2-of-the-days-since-creation/
Counting 3830 days back — to January 4, 2009, one day after the coin’s Genesis Block was hashed — holdcalc’s data suggests that on 3671 of these, it was profitable to buy bitcoin (BTC) as an investor.
That leaves 69 unprofitable days — which include virtually all days during December 2017, at the apex of bitcoin’s historic bull run to $20,000 — as well as almost all of January 2018.
Read more: https://bitcoin2day.net/buying-bitcoin-has-been-profitable-98-2-of-the-days-since-creation/
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