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Topic: Profitable days of holding bitcoin percentage (98.5%) - page 4. (Read 587 times)

legendary
Activity: 3262
Merit: 1130
Leading Crypto Sports Betting & Casino Platform
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?  Grin

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
legendary
Activity: 1372
Merit: 2017
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).
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