How to calculate, simple, 129 days out from 3857 days is aproximetly 3,33%
Yes, we got it But how did you get 129 days which were not profitable for Bitcoin? Bitcoin had been sliding down since January 2018 till February 2019, i.e. for more than a year. The way you put it implies that your base period (on which you calculate the financial outcome) is one day. But in that case Bitcoin has seen more losing days than profitable ones simply because price typically rises fast (actually, extremely fast) and then spirals down excruciatingly slow, like for weeks and months (and in a couple of cases, for years) It's meaningless because all it's essentially saying is that we're better off today than most of Bitcoin's days. It's reassuring and puts the current situation into perspective, but then what? What can we do with that tidbit of information? That still doesn't account for 129 losing days. In fact, it can be useful but we need to know the methodology used in order to make something tangible out of this information Because we are above that price and you shouldn't count the days below 10k or 9.5k |
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Remember the time when China is very pessimistic with regards to Bitcoin at year 2017. What happened?? It went up. What does this mean?.
For those newbie, this may be good because a country that has been bad with regards to crypto in the past years is now supporting it. For me, I'm not against these users but this is a bearish signal for me for some reasons.
The chinese ban made a correction for bitcoin. Bitcoin will rise in the longterm no matter what they do. |
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Can you explain with formulas how you calculate 3,3%? So, based on what price, you have reached this conclusion? For example, if I buy at the current price, what period will I be? Because if I had bought it a month ago, I would have lost.  What it basically means is that Bitcoin is still more expensive now than it was on 96.7% days of its existence. In a vacuum, it implies that Bitcoin is an incredibly safe investment, with past investors having had a 96.7% chance to turn profit. In reality though, lots of people buy in peaks or the middle of bull runs (a lot of which may fall under the 3.3% as more and more people are required to buy in as prices get bigger), so it's quite a meaningless statistic. It's just your run of the mill clickbait, except it's in favor of Bitcoin. Why is that a meaningless statistic? I don't know any other asset that has made so many millionaires like bitcoin did. Even if you were not investing and you were just mining. Can you show me any other asset that has outperformed bitcoin in 10 years of existance? You say more and more people has to buy to maintaine it's growth. Not true! Look at the google trends for bitcoin. There is less interest in bitcoin than before but the price is rising. It's not important how many people invest but how much they invest. And there is a lot of room for adoption cuz majority of people still didn't buy bitcoin. There will be a high demand for bitcoin in the future cuz it's a new digital gold. People will eventually adopt new things. |
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Ja isto preporucujem dollar cost average i ne sve od jednom! Da u njemackoj nakon jedne godine holdanja ne placa se porez. Naprimjer Slovenija nema porez na kriptovalute u koliko ne trejdas vise od 100 trejd dana u godini. Ako zelis znat gdje stavit jedan od buy ordera. Idealno bi bilo kupit kad se btc odbije na 21 weekly exponential moving average. U bull runu se cesto btc odbije na toj crti i nakon toga krene prema gore. Ova 21 weekly EMA crta svakog dana pomalo raste i trenutno je negdje oko 8230 usd. Kupi se samo ako se odbije na toj crti! Bitne su i svijece (candles) kako se zakljuce. Moze malo i past pod crtom ali ako se svijeca zakljuci iznad te crte, to je dobar znak. Jedna od opcija je, da se btc cijena konsolidira i tek nakon nekoliko vremena susretne sa 21 weekly EMA crtom na nekoliko vecoj cijeni. Zbog toga sto crta s vremenom raste prema gore.
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Such information can be gladdening but am struggling to believe it could be absolutely true. 129 days? what of the whole 2018 days? we saw some bad days last year.
Bitcoin went up from 8390 usd to almost 20k in 23 days! How to calculate, simple, 129 days out from 3857 days is aproximetly 3,33% |
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It's quite a meaningless figure since it only applies to those who keep holding, which most people don't do. Even in a bull run it's possible for people to actually lose money because of how even then we can experience price drops up to 25%, which people usually sell into because they think the party is over.
This figure is usually what you see perma bulls on social media post. It looks extremely bullish but holds little value if you actually think further than just what they want you to see.
That's why i said the moral of the story is to HODL!  |
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hmm i cant really believe this. why should a bank promote and educate people about bitcoin? everyone would realize how bad banks really are sounds a bit weird to me. Because they don't have a choice, really! It's about China, not a bank. Their state bank is only a tool in their hands. If they don't react soon enough, they could be left behind and lose a potential advantage and opportunities in the future. |
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E vidis, onaj tko zeli, ne moze koristit binance dex. A recimo netko tko ne zeli, moze. Trenutno zivim u Sloveniji i mogao bi koristit dex. Vec imam account ali ako vjerujete ili ne, to me stejkanje uopste ne zanima. Ali zelim za sve one koji zele koristit dex, da se jim sto prije ukine ova bespotrebna zabrana koristenja binance dexa. Porede nas sa sjevernom korejom, sirijom, somalijom, irakom, zimbabwe? Pa zar oni stvarno jos misle, da je ovdje jos rat na balkanu? Dal je ovo moguce? Svejedno, hvala na informaciji.
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Anyone who bought at $14.000 or above has not been profitable for a long, long time. This percentage keeps rising now. I am curious, what did you use as reference or to calculate those numbers?
If you consider all days, from the first day that you can trade bitcoin untill now. |
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Malta, one of the best laws for crypto business.
Slovenia has the biggest shopping center (Btc City) in Europe, possibly the biggest in the world where they accept cryptocurrencies. They have no tax for crypto if you have less than 100 tradable days per year. Homeland of the oldest bitcoin exchange still operating today - Bitstamp. They even have bitcoin monument.
Belarus , crypto is legalised here. No tax on crypto.
Japan, cryptos are pretty well accepted and used.
Switzerland, very good for crypto business, specially so called crypto valley in the Zug district (canton).
Portugal crypto tax free
Panama, no tax on crypto
Puerto Rico, tax free for crypto
Germany, no tax if you hold crypto 1 year
Singapore, one of the attractive countries for cryptos, no tax on crypto trading
Liberland, a micro state, very pro crypto oriented.
Gibraltar, crypto friendly
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Only 129 days out from 3857 days (3,3%) were not profitable in the history of bitcoin's trading. This means if you bought bitcoin, you are profitable. Except if you bought in those 3.3% cases. Yea, it's hard to believe but for an example...It took only 23 days for bitcoin to go from 8390 usd to almost 20.000 usd. In my opinion, even those buyers who bought at the top will eventually be in profit. If they hold of course! So the moral of the story is - just HODL  Until a massive adoption! |
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My opinion is that China has to do something before Libra or other similar project happens. I think that facebook and Libra were the trigger of all of this. Including USA government statements and regulations. I think China wants to make a move before it's too late!
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I'm a big fan of art and i'm a new follower of this topic.
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I'm glad it worked out! For a moment it seemed unstoppable  |
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The webpage is in chinese.
We dont have any way to check if it is real or fake news also we dont have a way to know if this is indeed the bank of china.
Definitely they are not " promoting " bitcoin, the best case scenario they are legit and they are just educated the public.
Dont forget that the majority of btc mining belongs to Chinese companies..
According to finance yahoo news, they are promoting bitcoin! Weird, right! I know, it's hard to believe! You are not the only one sceptical about it. https://finance.yahoo.com/news/bank-china-bullish-bitcoin-151953586.html |
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Indeed, the halving cycle. The halving is predictable, but the price is unpredictable. I know that from the past two halvings the price actions look similar.  However, in my opinion, it's still different, and these similarities are highly coincidental. I would not use 2014 top as a reference, because the mt.gox crash was very specific. |
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Report the posts to the moderators.
Ok i did, thank you! |
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Ok, thank you, i reported more than 30 accounts spaming the same advertising. I hope it helps!
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Hi, i found many more accounts. I made a new topic but somebody said i must report them to a mod. Where can i do that?
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