Topic: Profitable days of holding bitcoin percentage (98.5%) - page 2. (Read 587 times)
Well, nobody knew what would happen this year regarding the prices of Cryptocurrency. When everything in the world physically is not making sense because of the pandemic and bad news revolving around it, the Cryptocurrency Industry is flourishing quietly. Maybe people did not thought about the fact that Bitcoins price can always change and this year went well for Bitcoin. Though its not always true that HODLing will be profitable because some users study on when to sell their Cryptocurrencies to create more profit.
The thing is that it is quite difficult to predict bitcoin's price accurately continuously. This is why many people in crypto market face losses.
There are some traders who do make good profits so I wouldn't say one is better than the other between holding and trading.
Both have their own pros n coins. I do swing trading sometimes but at the end it's holding that I would prefer.
The sudden pumps in bitcoin are what turns our portfolio upwards.
With these differences, it comes out that not all people have come into crypto will have their good times nor to have their bad times as well. That is life, we can't be all of the same places, some have been comfortable in crypto while the others are not. The same thing how the price move, we can't be confident that the current momentum will stay until the end of this year, and not we even know that it falls back below $10k. We are just assuming the market that it will be fined in the next days but the reality is that, we are not and we are truly afraid that it drops again.There are some traders who do make good profits so I wouldn't say one is better than the other between holding and trading.
Both have their own pros n coins. I do swing trading sometimes but at the end it's holding that I would prefer.
The sudden pumps in bitcoin are what turns our portfolio upwards.
This is how we called it volatility risk but somehow, it gives us a way to become proftible. But I was not a kind of person to hold 3, 5, 10 years...it was not my preference. And I take every opportunity to sell some of my Bitcoins when I saw some profit on it.
...It shows the best strategy is to HODL, because if you bought bitcoin at some point in the past and still hold it today, you have made a profit unless you bought it in a short period of time (around December 2017-January 2018). If you bought it at any other time (98.5% of the time), you have profited...
I will say that it will depend on who you are, a holder, or a trader. if it relates to the way of getting or earning profits from bitcoin, there will be some ways, not only HODL but also use it for trade (daily trading). Holding BTC for some years is also a good way to earn profits. however, ensure that you really want it as a long-term investment. If you have decided on the long term hodl, it means that you do not need to see the chart every day to see the progress of the price. You should also make an indicator in what rate you will sell it or only hold it for a longer and longer time. In this case, holding Bitcoin in my opinion is always a worthy thing because I am also sure about the worth and also value of BTC in the future.however, if you need to make short and also fast profits, trading Bitcoin is also not bad. this is also very promising especially because ethe BTC is very fluctuating and volatile. So, we can take the profits from it.
So, whatever the ways, you can decide who you are, or making it part as trading and part for the long term in investment.
By the way, there are still some other sites to check or track the progress of BTC price easier than it.
Getting a 98.5% profit by holding bitcoin is certainly a huge advantage if you can be patient and hold it until now.
But I'm sure it won't be that easy. Holding bitcoin for a long time must use money that is not needed for your life needs.
Some people only buy bitcoins when the price is cheap and sell them when the price is high and there is FOMO, it doesn't take long for years.
Holding bitcoin is a pretty good strategy if you continue to apply it with a large enough capital.
People who hold bitcoin will be tested for their mental abilities if a bitcoin crashes.
If your psyche is not strong you may choose to sell it and end your investment.
But I'm sure it won't be that easy. Holding bitcoin for a long time must use money that is not needed for your life needs.
Some people only buy bitcoins when the price is cheap and sell them when the price is high and there is FOMO, it doesn't take long for years.
Holding bitcoin is a pretty good strategy if you continue to apply it with a large enough capital.
People who hold bitcoin will be tested for their mental abilities if a bitcoin crashes.
If your psyche is not strong you may choose to sell it and end your investment.
Has anyone seen this chart?
https://www.lookintobitcoin.com/charts/bitcoin-profitable-days/
I've googled and haven't seen any posts opened on the subject.
It shows the best strategy is to HODL, because if you bought bitcoin at some point in the past and still hold it today, you have made a profit unless you bought it in a short period of time (around December 2017-January 2018). If you bought it at any other time (98.5% of the time), you have profited.
The graph only makes the comparison with today, so I understand that 98.5% is not met for any time since the creation of bitcoin, the worst times being November 2011 and January-September 2015.
However, it is clear that, in spite of the short-term volatility, if you just buy and hold bitcoin, you have a very high likelihood of profiting. (This is assuming that the future bitcoin performance will be similar to the past).
It doesn't always work, and I'm surprised if it works 98.5% of the time. I guess a big part of it is that the current price is pretty good, and just months ago this would not have been the case. In any case, I agree that hodling is generally a profitable strategy. However, it can be a few years of the price struggling seriously after you're in profit. For those who bought at ATH and are still hodling, these few years are not over yet. Another thing I wanted to point out is that if a person is like hodling forever, I wouldn't call it profit. It's profit if you actually use it at some point to get yourself something. If you keep hodling no matter how high the price gets, it's just numbers on your device which are worthless to you in practice. So with hodling it's important to have certain ideas on when to stop and how much to use, so that these profits can actually be felt. https://www.lookintobitcoin.com/charts/bitcoin-profitable-days/
I've googled and haven't seen any posts opened on the subject.
It shows the best strategy is to HODL, because if you bought bitcoin at some point in the past and still hold it today, you have made a profit unless you bought it in a short period of time (around December 2017-January 2018). If you bought it at any other time (98.5% of the time), you have profited.
The graph only makes the comparison with today, so I understand that 98.5% is not met for any time since the creation of bitcoin, the worst times being November 2011 and January-September 2015.
However, it is clear that, in spite of the short-term volatility, if you just buy and hold bitcoin, you have a very high likelihood of profiting. (This is assuming that the future bitcoin performance will be similar to the past).
I wonder if anyone bought bitcoin for the price of $11500 on August 5, 2019 and hodl until today on August 7 that the price is at $11500 how much profit did that person make? 
Of course there are people who bought after $11500 coz the price increases after it passed that price, there are people who are buying and selling bitcoin constantly in the market. Talking about the profit that the person generate after a day of buying it is quite bothering actually, yeah bitcoin is volatile but it is not always like that like man what are you expecting in 2 days after buying bitcoins? a lambo? it could be if you're a millionaire hahaif you just buy and hold bitcoin, you have a very high likelihood of profiting. (This is assuming that the future bitcoin performance will be similar to the past).
it also has a high probability of just spending a lot of time and people having the same value
The thing is that it is quite difficult to predict bitcoin's price accurately continuously. This is why many people in crypto market face losses.
There are some traders who do make good profits so I wouldn't say one is better than the other between holding and trading.
Both have their own pros n coins. I do swing trading sometimes but at the end it's holding that I would prefer.
The sudden pumps in bitcoin are what turns our portfolio upwards.
There are some traders who do make good profits so I wouldn't say one is better than the other between holding and trading.
Both have their own pros n coins. I do swing trading sometimes but at the end it's holding that I would prefer.
The sudden pumps in bitcoin are what turns our portfolio upwards.
See dude
Bitcoin's price is based on predictions.
The more perfect you predict the more profit you get.
And when it comes for Bitcoin holders, it also depends on them.
If they have good patience bearing capacity, then surely they will get profit.
And more over Bitcoin price depends on supply and demand procedure method, as time will pass more people will come to know about BTC And this will increase the demand of the BTC, and this will also lead to the price rise.
Hope the Op understand.
Bitcoin's price is based on predictions.
The more perfect you predict the more profit you get.
And when it comes for Bitcoin holders, it also depends on them.
If they have good patience bearing capacity, then surely they will get profit.
And more over Bitcoin price depends on supply and demand procedure method, as time will pass more people will come to know about BTC And this will increase the demand of the BTC, and this will also lead to the price rise.
Hope the Op understand.
It's not about the amount of profit! The chart is there to show that in the last 10 years bitcoin was a very easy investment, basically a nobrainer. You could hear of it for the fiorst time, go to an exchange and buy some and you'd have almost 100% probability of making some profit. Can you say that about other investments like real estate or stocks?
It looks pretty simple, but it's not. Let's just remember all those who thought exactly that and finally experienced Mt.Gox (still waiting for at least part of their funds), or those who at some point remember to buying BTC a long time ago, want to sell it and fall victim to crypto clipboard malware or phishing through a legitimate Electrum wallet.
So I wouldn’t agree that Bitcoin is no-brainer asset, because ignorance leads in most cases to a loss of investment.
Has anyone seen this chart?
https://www.lookintobitcoin.com/charts/bitcoin-profitable-days/
I've googled and haven't seen any posts opened on the subject.
It shows the best strategy is to HODL, because if you bought bitcoin at some point in the past and still hold it today, you have made a profit unless you bought it in a short period of time (around December 2017-January 2018). If you bought it at any other time (98.5% of the time), you have profited.
The graph only makes the comparison with today, so I understand that 98.5% is not met for any time since the creation of bitcoin, the worst times being November 2011 and January-September 2015.
However, it is clear that, in spite of the short-term volatility, if you just buy and hold bitcoin, you have a very high likelihood of profiting. (This is assuming that the future bitcoin performance will be similar to the past).
It still depends on the market situation. Buying and just holding won't be enough because the profit in such way will just be partial. Keep in mind that the market price is not consistently moving upwards and there are times wherein its value is falling, not to mention that the market is unpredictable, hence, there's no assurance of when will the "pump" occur. It also requires decision making in order to come up with "absolute" profit. Knowing when to invest and to sell is what I am talking about. Buying during the "dip" and selling at "peaks" will generate the profit. https://www.lookintobitcoin.com/charts/bitcoin-profitable-days/
I've googled and haven't seen any posts opened on the subject.
It shows the best strategy is to HODL, because if you bought bitcoin at some point in the past and still hold it today, you have made a profit unless you bought it in a short period of time (around December 2017-January 2018). If you bought it at any other time (98.5% of the time), you have profited.
The graph only makes the comparison with today, so I understand that 98.5% is not met for any time since the creation of bitcoin, the worst times being November 2011 and January-September 2015.
However, it is clear that, in spite of the short-term volatility, if you just buy and hold bitcoin, you have a very high likelihood of profiting. (This is assuming that the future bitcoin performance will be similar to the past).
If calculated from the year 2011. Then the amount of profit obtained is not small. Fortunately for people who know and hold Bitcoin from the very beginning Bitcoin was created. They have already made a thousand percent profit. And we are also the lucky ones to be in the cypro world. Because not everyone knows and can profit from crypto.
It's not about the amount of profit! The chart is there to show that in the last 10 years bitcoin was a very easy investment, basically a nobrainer. You could hear of it for the fiorst time, go to an exchange and buy some and you'd have almost 100% probability of making some profit. Can you say that about other investments like real estate or stocks?
If you have a lot of bitcoins then it was good to hold it for a long term because we know that bitcoin has a great potential to reach more than it's ATH in the future. But not all people will hold bitcoin for a long run because everyone has a different situation especially now that most of us are suffering due to covid 19 and needs money to support daily needs.
If you buy bitcoin during dump then you will surely have profit now even you just bought it this year 2020.
If you buy bitcoin during dump then you will surely have profit now even you just bought it this year 2020.
I wonder if anyone bought bitcoin for the price of $11500 on August 5, 2019 and hodl until today on August 7 that the price is at $11500 how much profit did that person make?
Nothing, and loss for the exchange fee. lol It would be a very stupid idea if you invest into something and sell at the same value when you entered the market.
If someone did then, that's when you say, you'd lost some for the exchange fee.
That's unlucky... I do not prefer buying bitcoin in that value.
Does the people before who bought Btc at $600 unlucky? when Btc hits $19,000 after a few years? Would you still prefer to wait and buy at $1? Come to think of it.
I wonder if anyone bought bitcoin for the price of $11500 on August 5, 2019 and hodl until today on August 7 that the price is at $11500 how much profit did that person make?
Nothing, and loss for the exchange fee. lol That's unlucky... I do not prefer buying bitcoin in that value. Better to sell it and wait for the time to become low again then wait
I'll buy that it I will decide to do the very long term investment. But for now I prefer monthly than decades of hodling.
No one among us are holding bitcoins since 2011. Even there are very few people who are holding bitcoins from 2015-16. People sell their coins as soon as they find some profit. They normally do not hold the coins for 300- 500X profits because it requires a lot of time and patience. People are happy getting 2x-3x profit.
Don’t be so sure about it, because there are certainly those who invested some money or the power of their computers in the early days when it was still possible. There are also people who are very patient and do not want to sell their BTC at all, because a lot can be bought and paid today with the same.
You probably don't know that there is at least one forum member (although not active since 2017) who has already moved his stock of 40 000 BTC several times (yes you read that right). While this is just one example, I believe there are more - but it should be borne in mind that most people still value their privacy.
Someone Just Transferred 40000 Bitcoins
I wonder if anyone bought bitcoin for the price of $11500 on August 5, 2019 and hodl until today on August 7 that the price is at $11500 how much profit did that person make?
Zoom out to understand what was being said. Think of what, those people who bought Bitcoin on August 5 2019, would say on 2025. I believe "I did not buy enough".
if you just buy and hold bitcoin, you have a very high likelihood of profiting. (This is assuming that the future bitcoin performance will be similar to the past).
it also has a high probability of just spending a lot of time and people having the same value
You didn't zoom out.
Current situation just confirms that holding Bitcoin is the most profitable on long term basis. You need to be patient enough to hold long enough and not to give up in period when the price is low and that happens. Those who stick firm to their goal and strategy will be rewarded at the end.
If calculated from the year 2011. Then the amount of profit obtained is not small. Fortunately for people who know and hold Bitcoin from the very beginning Bitcoin was created. They have already made a thousand percent profit. And we are also the lucky ones to be in the cypro world. Because not everyone knows and can profit from crypto.
No one among us are holding bitcoins since 2011. Even there are very few people who are holding bitcoins from 2015-16. People sell their coins as soon as they find some profit. They normally do not hold the coins for 300- 500X profits because it requires a lot of time and patience. People are happy getting 2x-3x profit.
I agree Bitcoin holding is the best way to make a profit, especially for newbies who are new to crypto investing. The best choice
with investing in Bitcoin, for the percentage generated, of course, based on market conditions. If you see the market now the uptrend,
I agree that the percentage of profit that will be generated is above 98%. I am among those who feel the profit, because I bought
Bitcoin when it was at the price of $ 5000 in March 2020. And now the price of Bitcoin has gone up to $ 11,700.
with investing in Bitcoin, for the percentage generated, of course, based on market conditions. If you see the market now the uptrend,
I agree that the percentage of profit that will be generated is above 98%. I am among those who feel the profit, because I bought
Bitcoin when it was at the price of $ 5000 in March 2020. And now the price of Bitcoin has gone up to $ 11,700.
Although there is an assumption that history will repeat itself, as holders of Bitcoin (invest), we don't need to bother thinking about fundamental factors, but how we can profit from Bitcoin, of course, must be with the principle of buying cheap and selling expensive.
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