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Bitcoin => Bitcoin Discussion => Topic started by: Poker Player on August 07, 2020, 04:59:51 PM



Title: Profitable days of holding bitcoin percentage (98.5%)
Post by: Poker Player on August 07, 2020, 04:59:51 PM
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).


Title: Re: Profitable days of holding bitcoin percentage (98.5%)
Post by: Slow death on August 07, 2020, 05:25:51 PM
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?  ;D

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


Title: Re: Profitable days of holding bitcoin percentage (98.5%)
Post by: reliable on August 07, 2020, 05:27:39 PM
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).


Holding bitcoin is that is why recommended because if you had bought on dips or not during that mentioned period eventually you will end up making money in it. The time is something which is questionable as sometimes it can take years or sometimes it can be real quick gains but overall in long term you will get benefit of it and will get a good return on your investments.


Title: Re: Profitable days of holding bitcoin percentage (98.5%)
Post by: Coyster on August 07, 2020, 05:29:43 PM
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 would rather add that the likelihood of you profiting is hinged on when you bought, if your accumulation period was when the price was low or when the price plunged fast, for example this year when corona virus shed it's milik teeth, if you buy in periods like that, chances are sky high you'll profit in the long run.

But if you buy in a bull run, like the last one we had when bitcoin reached it's ath, the chances are that your profit would come after a very long time, it has failed to reach the ath since the last one, but I think if anyone who bought then is still holding, I believe they will be making profits anytime within the 12 months of next year, cause imo, bitcoin is set to go above it's previous ath.


Title: Re: Profitable days of holding bitcoin percentage (98.5%)
Post by: dothebeats on August 07, 2020, 06:44:59 PM
Holding coins is actually a pretty nice strategy, although it isn't applicable to everyone since all of us have different situations in life that enables or disables us from investing passively. While some may have the luxury of time and is willing to wait for a good harvest, they may not have the money to invest, or some might have loads of money but never has the time to manage or check over their coins.

It's a great idea to put that into perspective on how many days bitcoin has been profitable in a general sense, but it's not really helpful to some of us who might have invested when the prices are high and suddenly a crash happened.


Title: Re: Profitable days of holding bitcoin percentage (98.5%)
Post by: hatshepsut93 on August 07, 2020, 08:27:51 PM
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).


Even if it will likely be true, that's still a pretty big assumption to make. Past performance doesn't guarantee the future performance, and trends can change. Just thin about it, Bitcoin can't continue its trend of rapid growth forever, at this rate it would be worth tens of millions in a decade. Sooner or later the growth will slow down, or worse, a bearish long-term trend will be established. Just because Bitcoin is deflationary doesn't guarantee its growth, it's just one of the factors that influences its long term price, but there are others, like adoption level.


Title: Re: Profitable days of holding bitcoin percentage (98.5%)
Post by: boyptc on August 08, 2020, 02:58:59 AM
Holding is profitable if you buy it at the right time.

Even you didn't hold for last year but you bought it this year in March which was the known bearish month of the year, you're at profit in today's time.


Title: Re: Profitable days of holding bitcoin percentage (98.5%)
Post by: tbct_mt2 on August 08, 2020, 03:30:10 AM
Holding is profitable if you buy it at the right time.

Even you didn't hold for last year but you bought it this year in March which was the known bearish month of the year, you're at profit in today's time.
It's more than a truth.

In November of 2018, if one investor bought Bitcoin in the $6400 range, and cut loss in January of 2019 when bitcoin was below $4k it is a big loss. However, 4 months later, bitcoin came back to $6400 range and it even flied to above $12k in July 2019.

Another investor bought bitcoin around $12k in June or July 2019, days ago can get out without a loss in capital but if make a cut loss when bitcoin dipped to below $6k in March 2020, it is another big loss.

Profit or loss, it depends on entry price, get out price and when you make it.

https://coinmarketcap.com/currencies/bitcoin/


Title: Re: Profitable days of holding bitcoin percentage (98.5%)
Post by: Yogee on August 08, 2020, 03:57:19 AM
....

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.
"Best strategy" is subjective. If seasoned traders see this, they will probably laugh hard. Using the same chart, traders who followed the trend, sold at tops or near it, then bought at dips at every cycle could have earned a lot more than the holders.

Quote
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).
This is also assuming that you treat buying bitcoin as a form of long-term savings. Meaning, you are not in immediate need of the money.



Title: Re: Profitable days of holding bitcoin percentage (98.5%)
Post by: pooya87 on August 08, 2020, 04:13:15 AM
the worst times being November 2011 and January-September 2015.

it depends on your definition of "worst time". was it really that terrible if you bought at the ATH where price was $10? would you really regret it today why you bought there?

that's the thing about long term investment. you don't look at the short term fluctuations. instead you look far ahead. of course nobody wan'ts to buy at the peak and wants to buy as low as possible and in reality investors buy right in between. for last "cycle" when price went from $150 to $20000 very few bought at those two prices. most others bought in between around $1000 to $2000 and a lot in $200 to $500 unless they were newcomers entering after these prices.
and again even if you had bought at previous ATH (meaning $1200) you were now in ~10x profit! same will be true about this AT (meaning $20k).


Title: Re: Profitable days of holding bitcoin percentage (98.5%)
Post by: Twinkledoe on August 08, 2020, 04:32:25 AM
Holding is profitable if you buy it at the right time.

Even you didn't hold for last year but you bought it this year in March which was the known bearish month of the year, you're at profit in today's time.

It is just a matter of how much is the difference when you bought it and when you decide to sell your bitcoin. Of course, it should be higher than when you bought it. So the timeframe is not really that important for me. Because you can get profit even few hours or weeks or months of buying it. It is for you to decide how much profit you want. As long as you are on the positive side, I consider it good investment.


Title: Re: Profitable days of holding bitcoin percentage (98.5%)
Post by: pragna on August 08, 2020, 05:13:25 AM
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).


If you have enough money you can buy BTC and hold it but maximum are not enough money. On the other hand market is very unpredictable so that we saw 19k$ to 3.5k$ so how we can believe for hold as small investor. At present time everywhere good news so that BTC hit 11.5k$ but who knows next week it may dump to 5k$?? So i always believe in trading as spot market so that we may gainer.

thanks.


Title: Re: Profitable days of holding bitcoin percentage (98.5%)
Post by: CryptopreneurBrainboss on August 08, 2020, 05:20:23 AM
Holding is profitable if you buy it at the right time.

Let me rephrase that, 'Holding is profitable, when you buy and hold'. It doesn't matter when you buy but what truely matter is if you'll be willing to develop or have the patience to hold your bitcoin and enjoy the ride. Those that bought in the other 1.5% that your post is regarding as worst times would be in profits in years to come if they'll have the patience to wait. Holding has always been the best strategy and with bitcoin, it's the only strategy worth advocating for.

Buidling (aka staking sats in my own understanding)  can be profitable too if you do it right.  Knowing when to sell and buy back would help you double your holding in no time but it isn't a strategy any newbie should adventure into without having the right information, education and skills to outsmart the market.


Title: Re: Profitable days of holding bitcoin percentage (98.5%)
Post by: maydna on August 08, 2020, 05:42:21 AM
Hold bitcoin for a long time is the best strategy, but I don't just hold all of the bitcoin I have because I want to make more bitcoin from trading. But yes, the whole idea to hold is profitable, and now, people who already bought bitcoin at that year can smile. At least, they can now sell their bitcoin, but they can also wait for the next bull run that will happen. It needs a big patient to hold bitcoin because the price is up and down, and sometimes, the price crashes to the lowest price, and not all people can still hold after they see the crash. If people don't just hold the bitcoin, but they also use it to trade to make a profit, they will have a chance to recover their loss from the last years because they can make a profit, which can lower their losses amount. So when bitcoin price increase higher, they will make a lot of money from bitcoin.


Title: Re: Profitable days of holding bitcoin percentage (98.5%)
Post by: davis196 on August 08, 2020, 05:56:54 AM
We don't need charts in order to know that buying and HODLing Bitcoin is profitable.
The nature of Bitcoin(limited supply+increasing demand) guarantees a higher price and future profits in the long term(if global Bitcoin adoption isn't interrupted by some global crypto ban or some other s*it).
I know that there are side effects,like price bubbles that mislead a lot of people into buying at the top of the bubble(like back in December 2017),but if those Bitcoin buyers HODL long enough instead of selling,they might recover their losses.


Title: Re: Profitable days of holding bitcoin percentage (98.5%)
Post by: btc_angela on August 08, 2020, 06:43:35 AM
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).


Of course, this is an old but still effective method of making a good profit, specially if you are looking like years to hodl your bitcoin. You can have to look at early adopters and bag holders, they are still holding, those who bought bitcoin at xx or xxx price surely has profited in the thousands if not millions. You just need to be mentally tough and wait for the right time to cash out some of your stash and continue holding.


Title: Re: Profitable days of holding bitcoin percentage (98.5%)
Post by: 20kevin20 on August 08, 2020, 09:49:12 AM
We don't need charts in order to know that buying and HODLing Bitcoin is profitable.
The nature of Bitcoin(limited supply+increasing demand) guarantees a higher price and future profits in the long term(if global Bitcoin adoption isn't interrupted by some global crypto ban or some other s*it).
I know that there are side effects,like price bubbles that mislead a lot of people into buying at the top of the bubble(like back in December 2017),but if those Bitcoin buyers HODL long enough instead of selling,they might recover their losses.
It's not really a guarantee. Demand could always decrease even without a crypto ban. Once digital fiat comes up, I expect a little disruption in the Bitcoin usage anyway - before people wake up and find out digital fiat only means total financial surveillance by the banks & the state.

"HODLing long enough" isn't an effective strategy if you're making plans for the following 4-5 years with the false ensurance that price will go up after the next halving and the opposite happens. $20k to $3k was a thing, so was $1.2k to $170. A lot of people cannot handle the emotional rollercoaster of harsh price dumps.


Title: Re: Profitable days of holding bitcoin percentage (98.5%)
Post by: Fundamentals Of on August 08, 2020, 11:32:37 AM
The best strategy of course is to sell during a pump or a rally and then buy back when the price corrects. But since this is hard to accomplish in real life, it is better indeed to just hodl and patiently wait for the price to create new highs.

It is better to just target the long term than be caught in the unpredictable movements of Bitcoin's price.


Title: Re: Profitable days of holding bitcoin percentage (98.5%)
Post by: Kelvinid on August 08, 2020, 12:38:11 PM
https://cointelegraph.com/news/bullish-bitcoin-price-trend-intact-even-after-btc-retests-114k-support

It was an indication that we are not really close that bullish season. I'm definitely not sure that people are accumulating more on bitcoins but instead of holding it in the anticipation for the most awaited part of crypto (Bullrun). It is to find that the market isn't confidently moving high, we able to scaped from getting stuck at $10k but we then also stop at $11k where we are now.

That 98.5% incline is really sweet but I'm not sure people is being considerate with that to sell their Bitcoins. They'll always positive for the coming days to see it reaching $15k which I believe a worth to wait.


Title: Re: Profitable days of holding bitcoin percentage (98.5%)
Post by: Lucius on August 08, 2020, 02:36:04 PM
~snip~

For most people, the investment strategy is the simplest - there is no great wisdom in this, unlike trading, which can be very profitable, but it is also a big risk, not only financial, but as we have recently seen, the risk to life (the man killed himself because he misinterpreted the data on the crypto exchange).

Although it is not bad to have some strategy and sell a part of BTC when a big bull run happens, and then use that money to buy BTC after the correction happens. In the example of 2017, anyone who sold 1 BTC could earn about $20k, and in less than a year for the same amount they could buy more than 6 BTC.

Of course, Bitcoin is unpredictable, so while we often refer to the past when trying to predict the future, it should be borne in mind that anything is possible.


Title: Re: Profitable days of holding bitcoin percentage (98.5%)
Post by: dimastegar on August 09, 2020, 12:05:37 AM
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.


Title: Re: Profitable days of holding bitcoin percentage (98.5%)
Post by: Agios on August 09, 2020, 12:41:33 AM
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.


Title: Re: Profitable days of holding bitcoin percentage (98.5%)
Post by: MCobian on August 09, 2020, 01:08:13 AM
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.


Title: Re: Profitable days of holding bitcoin percentage (98.5%)
Post by: JohnBitCo on August 09, 2020, 09:19:54 AM
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.


Title: Re: Profitable days of holding bitcoin percentage (98.5%)
Post by: bitbunnny on August 09, 2020, 09:36:22 AM
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.


Title: Re: Profitable days of holding bitcoin percentage (98.5%)
Post by: Wind_FURY on August 09, 2020, 09:47:31 AM
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?  ;D


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".

Quote

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. 8)


Title: Re: Profitable days of holding bitcoin percentage (98.5%)
Post by: Lucius on August 09, 2020, 10:25:20 AM
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 (https://bitcointalk.org/index.php?topic=2847576.msg29213805#msg29213805)


Title: Re: Profitable days of holding bitcoin percentage (98.5%)
Post by: Shimmiry on August 09, 2020, 10:56:24 AM
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?  ;D
Nothing, and loss for the exchange fee. lol ;D
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.


Title: Re: Profitable days of holding bitcoin percentage (98.5%)
Post by: Oasisman on August 09, 2020, 11:41:09 AM
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?  ;D
Nothing, and loss for the exchange fee. lol ;D
What made you think someone who bought at $11,500 don't make any profit anymore, and why would he lose for the exchange fee when he's still holding? 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.


Title: Re: Profitable days of holding bitcoin percentage (98.5%)
Post by: Nhor1011 on August 09, 2020, 11:49:03 AM
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.


Title: Re: Profitable days of holding bitcoin percentage (98.5%)
Post by: coolcoinz on August 09, 2020, 11:54:45 AM
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?


Title: Re: Profitable days of holding bitcoin percentage (98.5%)
Post by: Eugenar on August 09, 2020, 12:32:48 PM
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.


Title: Re: Profitable days of holding bitcoin percentage (98.5%)
Post by: Lucius on August 09, 2020, 12:50:48 PM
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.


Title: Re: Profitable days of holding bitcoin percentage (98.5%)
Post by: LimLims on August 09, 2020, 01:28:05 PM
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.


Title: Re: Profitable days of holding bitcoin percentage (98.5%)
Post by: pawanjain on August 09, 2020, 02:07:06 PM
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.


Title: Re: Profitable days of holding bitcoin percentage (98.5%)
Post by: Twentyonepaylots on August 09, 2020, 02:25:31 PM
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?  ;D
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 haha

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
Long term is what made sure of the profit, as they said buy and forget it for a while, then have a glance on it when you see it in the news. I, myself don't mind my bitcoins that much, plants grow itself outside  ;D


Title: Re: Profitable days of holding bitcoin percentage (98.5%)
Post by: kryptqnick on August 09, 2020, 02:48:52 PM
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.


Title: Re: Profitable days of holding bitcoin percentage (98.5%)
Post by: taufik123 on August 09, 2020, 10:51:35 PM
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.


Title: Re: Profitable days of holding bitcoin percentage (98.5%)
Post by: Rengga Jati on August 09, 2020, 10:53:03 PM
...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.


Title: Re: Profitable days of holding bitcoin percentage (98.5%)
Post by: Yamifoud on August 09, 2020, 11:23:42 PM
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.

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.


Title: Re: Profitable days of holding bitcoin percentage (98.5%)
Post by: mezzaluna on August 10, 2020, 07:38:22 PM
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.


Title: Re: Profitable days of holding bitcoin percentage (98.5%)
Post by: CryptopreneurBrainboss on August 10, 2020, 07:49:37 PM
But I'm sure it won't be that easy.

Sure but it shouldn't been so instead it should be the easiest if you understood the technology/Innovation behind what you're adventuring into. Bitcoin as a currency, asset or commodity (as many describe it) is very rare. The possibility of it failing is minimum instead its power house been the Blockchain technology has created a name for itself that it's just a matter of time before it becomes a household name like the internet.

Holding can be made easy if you just forget you own any bitcoin in the first place, avoid constantly price checking, avoid fud, prices from discussion etc. Some people get their investment advice from community like twitter, reddit which can be easily corrupt with fake news, those too should be avoided and you'll be just fine.


Title: Re: Profitable days of holding bitcoin percentage (98.5%)
Post by: dunfida on August 10, 2020, 08:41:00 PM

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).


This is why you do see lots of threads floating around telling that you should Hodl because bitcoin will surely increase its price in the future yet they do base of on how it moves in previous years but
actually it isnt really enough for it to be a basis since we know that theres no assurance when we do talk about future.Everything is unpredictable and not certain.When people do aim for profits in short time then hodl wont be their option.Why? they can simply just buy and sell as long they do see greens which means 98% can be attained by just doing active trades rather than getting 98% just for long months.So it depends on what people gonna do..


Title: Re: Profitable days of holding bitcoin percentage (98.5%)
Post by: royalfestus on August 10, 2020, 09:33:02 PM
Position in bitcoin should have reduced for most hodlers except the crazy maximalists. Its time to make more bitcoin buying into altcoin from big volume and determine the exit price. The decline in the dominance of bitcoin is an indication of the rise of fund flowing into altcoins. We might also share the profit taking coin in ethereum, bitcoin and USDT in few months from now


Title: Re: Profitable days of holding bitcoin percentage (98.5%)
Post by: Poker Player on August 11, 2020, 07:20:16 AM
Position in bitcoin should have reduced for most hodlers except the crazy maximalists. Its time to make more bitcoin buying into altcoin from big volume and determine the exit price. The decline in the dominance of bitcoin is an indication of the rise of fund flowing into altcoins. We might also share the profit taking coin in ethereum, bitcoin and USDT in few months from now

What?

Keep all those shitcoins for yourself.


Title: Re: Profitable days of holding bitcoin percentage (98.5%)
Post by: Shasha80 on August 11, 2020, 08:12:21 AM
The reason Bitcoin dominates the market is because there are many people holding Bitcoin. For people who don't understand
cryptocurrency or even a newbie in the crypto world, enough hold Bitcoin will provide profit. So it's no wonder many people
suggest holding Bitcoin to make a profit. Because indeed the best and safest strategy is enough holding Bitcoin.


Title: Re: Profitable days of holding bitcoin percentage (98.5%)
Post by: Botnake on August 11, 2020, 08:34:39 AM
Has anyone seen this chart?

https://www.lookintobitcoin.com/charts/bitcoin-profitable-days/

Found this one in the chart.

https://i.imgur.com/MbPY9mh.png

That's 3647 days or almost 10 years of holding,
I think their's a mistake, or it's just me who didn't get the chart, because if it's 10 years, bitcoin does not only grow 98.5%, it's definitely higher.

Can anyone explain this?


Title: Re: Profitable days of holding bitcoin percentage (98.5%)
Post by: boyptc on August 11, 2020, 09:04:56 AM
Holding is profitable if you buy it at the right time.

Let me rephrase that, 'Holding is profitable, when you buy and hold'. It doesn't matter when you buy but what truely matter is if you'll be willing to develop or have the patience to hold your bitcoin and enjoy the ride. Those that bought in the other 1.5% that your post is regarding as worst times would be in profits in years to come if they'll have the patience to wait. Holding has always been the best strategy and with bitcoin, it's the only strategy worth advocating for.

Buidling (aka staking sats in my own understanding)  can be profitable too if you do it right.  Knowing when to sell and buy back would help you double your holding in no time but it isn't a strategy any newbie should adventure into without having the right information, education and skills to outsmart the market.
That's much better. I forgot the word hold but since it's the subject, that's ok. Needless to say, what you have said is for real.

The patience is the one that will bring each person to his success through bitcoin. There were buyers at the low price but didn't have patience so they sold at the earliest price too.

It's the key that we should practice but it's all good if you have been in the bearish months or even year (2018) and you're still here like what we did.


Title: Re: Profitable days of holding bitcoin percentage (98.5%)
Post by: DevilSlayer on August 11, 2020, 12:19:38 PM
I think many people do not really understand the concept of the HODL, this strategy is only applicable when the market is trending or what we can call uptrend because the price is continuing to increase and our bitcoin will also increase. HODL is not a sure money strategy where you can all it as a holy grail because like I said it is only working in trending markets. There are a lot of investors and traders who lose because of the HODL where they hold their bitcoins when the trend is down. Patience while holding bitcoin when the market is trending can make us to have consistent profit.


Title: Re: Profitable days of holding bitcoin percentage (98.5%)
Post by: taufik123 on August 11, 2020, 02:54:53 PM
-snip-
Holding can be made easy if you just forget you own any bitcoin in the first place, avoid constantly price checking, avoid fud, prices from discussion etc. Some people get their investment advice from community like twitter, reddit which can be easily corrupt with fake news, those too should be avoided and you'll be just fine.
What makes holding easier from the start is the investment money that is used and then as you mean by avoiding constant price checks until forgetting if you have the assets invested. However, proper entry is also very necessary so as not to buy at high prices.

Some investment advice really should filter out. Choose the one that has been recommended.


Title: Re: Profitable days of holding bitcoin percentage (98.5%)
Post by: imstillthebest on August 11, 2020, 03:16:20 PM
-snip-
Holding can be made easy if you just forget you own any bitcoin in the first place, avoid constantly price checking, avoid fud, prices from discussion etc. Some people get their investment advice from community like twitter, reddit which can be easily corrupt with fake news, those too should be avoided and you'll be just fine.
What makes holding easier from the start is the investment money that is used and then as you mean by avoiding constant price checks until forgetting if you have the assets invested. However, proper entry is also very necessary so as not to buy at high prices.

Some investment advice really should filter out. Choose the one that has been recommended.

I agree on the investment money part .  You will be confident to leave your coins for a long time if your using a money that is not important  .

constant  Price checking is basic and all know that it's not good to do when your going to commit an investment . Reality check ,only few people can do this now , now that we are on a more tougher situation where we need money to live  . we can't help but sell at a random point


Title: Re: Profitable days of holding bitcoin percentage (98.5%)
Post by: Leonardo7 on August 11, 2020, 04:00:37 PM
Holding bitcoin is very important, people who easily sell off hoping to buy the dip, have had to buy at a higher price. I am not too good at TA, I just hold to avoid FOMO. just imagine the people who bought bitcoin in march 2020 and are still holding till date, what bank can ever give such ROI? none.


Title: Re: Profitable days of holding bitcoin percentage (98.5%)
Post by: peter0425 on September 10, 2020, 12:50:33 PM
The reason Bitcoin dominates the market is because there are many people holding Bitcoin.
Holders are more because they trust bitcoin and supports this every steps of the way so expect more of this sooner.
Quote
For people who don't understand
cryptocurrency or even a newbie in the crypto world, enough hold Bitcoin will provide profit.
Holding is only for those who can wait,the question is How long can they wait for this so called Holding?
what about if there is a Big dumping won't they panic and sell off?
Quote
So it's no wonder many people
suggest holding Bitcoin to make a profit. Because indeed the best and safest strategy is enough holding Bitcoin.
Most of those who are saying HOLD and HOLD are those account that has no really Bitcoin onhand,most of them are just Bounty Hunters that says word they don't even understand.


Title: Re: Profitable days of holding bitcoin percentage (98.5%)
Post by: erikoy on September 10, 2020, 02:40:50 PM
Yes, bitcoin really could be profitable but also risky as an investment due to its market price volatility. This is the reason why we need to be careful and do own research before investing in a cryptocurrency. However of all cryptocurrency I can suggest to invest in bitcoin or it could also be good to those strong altcoins. However, it is not recommended to invest in an ICO project for most of them are scam and  not really that could ear profit. They just boosting campaign for it to earn money from the crowd.


Title: Re: Profitable days of holding bitcoin percentage (98.5%)
Post by: Becky666 on September 10, 2020, 03:00:51 PM
Holding is profitable if you buy it at the right time.
<snip>
That's the point, there's no point buy when the price was up and expect to hold for a long-term when the price drop. Many that bought way back in 2017 and still holding aren't doing the right thing, sell even at loss to re-buy back and await profit. Purchase any coins at the right time still remains the best, though accept defeat to rebuy back is a good strategy. Bitcoin will make some good historical moments which any holders at any stage will make profit.


Title: Re: Profitable days of holding bitcoin percentage (98.5%)
Post by: BeManga on September 10, 2020, 03:13:14 PM
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).
holding is really one of the best ways to gain profit in bitcoin only if you didn't buy it at high prices
The bitcoin market is unpredictable you will need a lot of patience and knowledge to avoid some losses



Title: Re: Profitable days of holding bitcoin percentage (98.5%)
Post by: DeathAngel on September 10, 2020, 03:35:23 PM
HODLING is the only way to guarantee profit. If you can afford to put a certain amount of money away to save mid to long term then there’s no better asset than bitcoin. Just look at how far we’ve come since 2009, pretty amazing really.


Title: Re: Profitable days of holding bitcoin percentage (98.5%)
Post by: ILuckyGuyI on September 10, 2020, 04:02:33 PM
I believe that HODL is beneficial in the long term too. Especially if you bought Bitcoin from a low level, you will make a good profit at the end. It may last weeks, months or maybe a year. But it is worth waiting for it I think.


Title: Re: Profitable days of holding bitcoin percentage (98.5%)
Post by: Hypnosis00 on September 12, 2020, 02:16:38 PM
I believe that HODL is beneficial in the long term too. Especially if you bought Bitcoin from a low level, you will make a good profit at the end. It may last weeks, months or maybe a year. But it is worth waiting for it I think.
Patience is the reason why most people can't able to manage their portfolio and weaken their hands, and then let it go. Even we think that holding for a week, a month, or years it seems to be worth it but couldn't decline the thing, the dumps, and pumps that we usually encounter will sometimes badly affects our minds and make such stupid decision.
Holding needs strong commitment and that we should have to build when we are planning to have this.


Title: Re: Profitable days of holding bitcoin percentage (98.5%)
Post by: Saisher on September 12, 2020, 02:24:17 PM
Hodling is good for those who have stable job to rely on and with a strong believe that Bitcoin will reach at the hodlers highest expectation, there are studies that a lot of wallet are still untouched for several years, which means that there are a lot of people who hodl for a very long time now,
they don't care for short term profit they are looking for long term profit, hodling is not for me, I rely on my profit in bounty and trading to sustain in this pandemic.


Title: Re: Profitable days of holding bitcoin percentage (98.5%)
Post by: peterpanda on September 12, 2020, 02:31:05 PM
I still believe in holding. Holding is one of the best strategy to earn good money. I don't know why people sell quickly where bitcoin is a most popular and well known crypto currency.