Bitcoin Forum
November 20, 2019, 01:20:03 AM *
News: 10th anniversary art contest
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: There were only 3,3% of days In Bitcoin's History That Were Not Profitable  (Read 264 times)
SuperTA
Full Member
***
Offline Offline

Activity: 224
Merit: 258



View Profile
July 29, 2019, 12:45:26 PM
Last edit: July 29, 2019, 01:01:32 PM by SuperTA
 #21

It's just a sign how bullish bitcoin is in the longterm. If you look at the bigger timeframe chart, it was always bullish. Not just in dec 2017 but always! If you guys don't see that, something that is so obvious, i cannot help it.
1574212803
Hero Member
*
Offline Offline

Posts: 1574212803

View Profile Personal Message (Offline)

Ignore
1574212803
Reply with quote  #2

1574212803
Report to moderator
1574212803
Hero Member
*
Offline Offline

Posts: 1574212803

View Profile Personal Message (Offline)

Ignore
1574212803
Reply with quote  #2

1574212803
Report to moderator
1574212803
Hero Member
*
Offline Offline

Posts: 1574212803

View Profile Personal Message (Offline)

Ignore
1574212803
Reply with quote  #2

1574212803
Report to moderator
The Bitcoin Forum is turning 10 years old! Join the community in sharing and exploring the notable posts made over the years.
Lucius
Legendary
*
Offline Offline

Activity: 1596
Merit: 1395


Fortis Fortuna Adiuvat


View Profile WWW
July 29, 2019, 01:49:20 PM
 #22

I will not go into OP numbers, but viewed from a long-term perspective Bitcoin is incredibly profitable for all investors who invest from start and hold until today, with the exception of those who invest in December 2017 - January 2018 when price is over $15 000 since we recently have almost $14 000.

In general you can not lost anything if you hold Bitcoin who is losing value against fiat in short-term, because Bitcoin is always show that it can set new records with time. Just take 2015, price of 1 Bitcoin is around $200, on some exchanges even lower - today value of that Bitcoin is 50 times more in fiat value, and it was 100 times more in late 2017.

Bitcoin is always profitable, it only depends how we can take all advantages that is offer for us. Imagine that just few months ago we are so close to $3000, and look at price today, more then 3 times up.

milewilda
Legendary
*
Offline Offline

Activity: 1470
Merit: 1041



View Profile
July 29, 2019, 03:09:16 PM
 #23

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  Wink Until a massive adoption!
Talking nonsense or nothing special here where you do just simply suggest the word HODL.I dont know about 3.3% statistics on where you do get those numbers when it comes to profitability.
Come to think that not all traders are having similar entries and exits so pointing out about non-profitability would always matter on when you buy and sell it out.

.BitDice.               ▄▄███▄▄
           ▄▄██▀▀ ▄ ▀▀██▄▄
      ▄▄█ ▀▀  ▄▄█████▄▄  ▀▀ █▄▄
  ▄▄██▀▀     ▀▀ █████ ▀▀     ▀▀██▄▄
██▀▀ ▄▄██▀      ▀███▀      ▀██▄▄ ▀▀██
██  ████▄▄       ███       ▄▄████  ██
██  █▀▀████▄▄  ▄█████▄  ▄▄████▀▀█  ██
██  ▀     ▀▀▀███████████▀▀▀     ▀  ██
             ███████████
██  ▄     ▄▄▄███████████▄▄▄     ▄  ██
██  █▄▄████▀▀  ▀█████▀  ▀▀████▄▄█  ██
██  ████▀▀       ███       ▀▀████  ██
██▄▄ ▀▀██▄      ▄███▄      ▄██▀▀ ▄▄██
  ▀▀██▄▄     ▄▄ █████ ▄▄     ▄▄██▀▀
      ▀▀█ ▄▄  ▀▀█████▀▀  ▄▄ █▀▀
           ▀▀██▄▄ ▀ ▄▄██▀▀
               ▀▀███▀▀
        ▄▄███████▄▄
     ▄███████████████▄
    ████▀▀       ▀▀████
   ████▀           ▀████
   ████             ████
   ████ ▄▄▄▄▄▄▄▄▄▄▄ ████
▄█████████████████████████▄
██████████▀▀▀▀▀▀▀██████████
████                   ████
████                   ████
████                   ████
████                   ████
████                   ████
████▄                 ▄████
████████▄▄▄     ▄▄▄████████
  ▀▀▀█████████████████▀▀▀
        ▀▀▀█████▀▀▀
▄▄████████████████████████████████▄▄
██████████████████████████████████████
█████                            █████
█████                            █████
█████                            █████
█████                            █████
█████                     ▄▄▄▄▄▄▄▄▄▄
█████                   ▄█▀▀▀▀▀▀▀▀▀▀█▄
█████                   ██          ██
█████                   ██          ██
█████                   ██          ██
██████████████████▀▀███ ██          ██
 ████████████████▄  ▄██ ██          ██
   ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ██          ██
             ██████████ ██          ██
           ▄███████████ ██████▀▀██████
          █████████████  ▀████▄▄████▀
[/]
ene1980
Hero Member
*****
Offline Offline

Activity: 1064
Merit: 505



View Profile
July 29, 2019, 04:26:11 PM
 #24

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.
That is a good way of taking things as i never thought in this way, but i have a small doubt, almost the entire 2018 was a on a bear ride and i am sure it is more than 129 days, so how does this number stand is a mystery  Wink. The fact is that holding bitcoin for a longer period of time will give you a good return and even if you entered the market when the market was at an all time high valuation, the only solution is to hold for the next rally rather than selling it off at a loss.




.




  ▄▄▄▄▄▄▄▄▄▄▄▄▄
▄████████▀▀▀▀███▄
███████▀     ████
███████   ███████
█████        ████
███████   ███████
▀██████   ██████▀
  ▀▀▀▀▀   ▀▀▀▀▀

  ▄▄▄▄▄▄▄▄▄▄▄▄▄
▄██▀▀▀▀▀▀▀▀▀▀▀██▄
██    ▄▄▄▄▄ ▀  ██
██   █▀   ▀█   ██
██   █▄   ▄█   ██
██    ▀▀▀▀▀    ██
▀██▄▄▄▄▄▄▄▄▄▄▄██▀
  ▀▀▀▀▀▀▀▀▀▀▀▀▀

            ▄▄▄
█▄▄      ████████▄
 █████▄▄████████▌
▀██████████████▌
  █████████████
  ▀██████████▀
   ▄▄██████▀
    ▀▀▀▀▀

    ██  ██
  ███████████▄
    ██      ▀█
    ██▄▄▄▄▄▄█▀
    ██▀▀▀▀▀▀█▄
    ██      ▄█
  ███████████▀
    ██  ██




               ▄
       ▄  ▄█▄ ▀█▀      ▄
      ▀█▀  ▀   ▄  ▄█▄ ▀█▀
███▄▄▄        ▀█▀  ▀     ▄▄▄███       ▐█▄    ▄█▌   ▐█▌   █▄    ▐█▌   ████████   █████▄     ██    ▄█████▄▄   ▐█████▌
████████▄▄           ▄▄████████       ▐███▄▄███▌   ▐█▌   ███▄  ▐█▌      ██      █▌  ▀██    ██   ▄██▀   ▀▀   ▐█
███████████▄       ▄███████████       ▐█▌▀██▀▐█▌   ▐█▌   ██▀██▄▐█▌      ██      █▌   ▐█▌   ██   ██          ▐█████▌
 ████████████     ████████████        ▐█▌    ▐█▌   ▐█▌   ██  ▀███▌      ██      █▌  ▄██    ██   ▀██▄   ▄▄   ▐█
  ████████████   ████████████         ▐█▌    ▐█▌   ▐█▌   ██    ▀█▌      ██      █████▀     ██    ▀█████▀▀   ▐█████▌
   ▀███████████ ███████████▀
     ▀███████████████████▀
        ▀▀▀█████████▀▀▀
FIND OUT MORE AT MINTDICE.COM
Report to moderator
fiulpro
Sr. Member
****
Offline Offline

Activity: 784
Merit: 280


°°°°••~*Bitvest.io* Play panko or invest ~••°°°


View Profile
July 29, 2019, 05:23:15 PM
 #25

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  Wink Until a massive adoption!

You are actually missing the point .
The problem is that Bitcoins only 3-4 times a year shows a  upward trend , in 2016-17 we were able to see the most profitable bullish run and after that we nearly waited for 2 years for it to be good again.
So it is actually 2 years now , I don't think your calculations are quite right , you should include everything not just slight upward trend , even if it's a lil up it's still less than 20,000 thus even right now we are actually in a whole lot of problem considering we purchased at the high time.



BIG WINNER!
[15.00000000 BTC]


▄████████████████████▄
██████████████████████
██████████▀▀██████████
█████████░░░░█████████
██████████▄▄██████████
███████▀▀████▀▀███████
██████░░░░██░░░░██████
███████▄▄████▄▄███████
████▀▀████▀▀████▀▀████
███░░░░██░░░░██░░░░███
████▄▄████▄▄████▄▄████
██████████████████████
▀████████████████████▀
▄████████████████████▄
██████████████████████
█████▀▀█▀▀▀▀▀▀██▀▀████
█████░░░░░░░░░░░░░▄███
█████░░░░░░░░░░░░▄████
█████░░▄███▄░░░░██████
█████▄▄███▀░░░░▄██████
█████████░░░░░░███████
████████░░░░░░░███████
███████░░░░░░░░███████
███████▄▄▄▄▄▄▄▄███████
██████████████████████
▀████████████████████▀
▄████████████████████▄
███████████████▀▀▀▀▀▀▀
███████████▀▀▄▄█░░░░░█
█████████▀░░█████░░░░█
███████▀░░░░░████▀░░░▀
██████░░░░░░░░▀▄▄█████
█████░▄░░░░░▄██████▀▀█
████░████▄░███████░░░░
███░█████░█████████░░█
███░░░▀█░██████████░░█
███░░░░░░████▀▀██▀░░░░
███░░░░░░███░░░░░░░░░░
▀██░▄▄▄▄░████▄▄██▄░░░░
▄████████████▀▀▀▀▀▀▀██▄
█████████████░█▀▀▀█░███
██████████▀▀░█▀░░░▀█░▀▀
███████▀░▄▄█░█░░░░░█░█▄
████▀░▄▄████░▀█░░░█▀░██
███░▄████▀▀░▄░▀█░█▀░▄░▀
█▀░███▀▀▀░░███░▀█▀░███░
▀░███▀░░░░░████▄░▄████░
░███▀░░░░░░░█████████░░
░███░░░░░░░░░███████░░░
███▀░██░░░░░░▀░▄▄▄░▀░░░
███░██████▄▄░▄█████▄░▄▄
▀██░████████░███████░█▀
▄████████████████████▄
████████▀▀░░░▀▀███████
███▀▀░░░░░▄▄▄░░░░▀▀▀██
██░▀▀▄▄░░░▀▀▀░░░▄▄▀▀██
██░▄▄░░▀▀▄▄░▄▄▀▀░░░░██
██░▀▀░░░░░░█░░░░░██░██
██░░░▄▄░░░░█░██░░░░░██
██░░░▀▀░░░░█░░░░░░░░██
██░░░░░▄▄░░█░░░░░██░██
██▄░░░░▀▀░░█░██░░░░░██
█████▄▄░░░░█░░░░▄▄████
█████████▄▄█▄▄████████
▀████████████████████▀




Rainbot
Daily Quests
Faucet
sana54210
Legendary
*
Offline Offline

Activity: 1624
Merit: 1046


WixiPlay.io - Greatest gambling experience


View Profile
July 31, 2019, 04:57:10 AM
 #26

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  Wink Until a massive adoption!
Wow, I never knew this, which means anyone that knows how to also trade daily would benefit more than those that are just Holding, although there is absolutely nothing wrong in holding, it all depends on people’s capability and strength, but anyone with the strength of trading and holding will actually benefit more, imagine having gains on those 3k+ days, I guess this is why we have many traders in the market and I think it is the trading activities that is mostly causing lots of these fluctuations in the market.

I also agree that those who mistakenly invested at the All-time high of the last bitcoin will also benefit this time around because bitcoin will absolutely shoot more than the last value.

██  ██  ██

██  ██  ██

██  ██  ██

██  ██  ██

██  ██  ██

██  ██  ██

██  ██  ██
██  ██  ██

██  ██  ██

██  ██  ██

██  ██  ██

██  ██  ██

██  ██  ██

██  ██  ██
██  ██  ██

██  ██  ██

██  ██  ██

██  ██  ██

██  ██  ██

██  ██  ██

██  ██  ██
.WIXIPLAY.IO.██  ██  ██

██  ██  ██

██  ██  ██

██  ██  ██

██  ██  ██

██  ██  ██

██  ██  ██
██  ██  ██

██  ██  ██

██  ██  ██

██  ██  ██

██  ██  ██

██  ██  ██

██  ██  ██
██  ██  ██

██  ██  ██

██  ██  ██

██  ██  ██

██  ██  ██

██  ██  ██

██  ██  ██
michellee
Hero Member
*****
Offline Offline

Activity: 1134
Merit: 505


★Bitvest.io★ Play Plinko or Invest!


View Profile
July 31, 2019, 08:28:11 AM
 #27

Hold will be a good strategy to make a profit from these situations, and I agree with you that now, we could make a profit if we could buy at a low price. But not all people could hold their bitcoin for a long time, even for a short time because many people still panic to see the situations that still change. But now, we have a new story in bitcoin, and we don't know how long bitcoin can increase again, but many people still believe that bitcoin will rise again as what they saw in 2017-2018.



.
.BIG WINNER!.
[15.00000000 BTC]


▄████████████████████▄
██████████████████████
██████████▀▀██████████
█████████░░░░█████████
██████████▄▄██████████
███████▀▀████▀▀███████
██████░░░░██░░░░██████
███████▄▄████▄▄███████
████▀▀████▀▀████▀▀████
███░░░░██░░░░██░░░░███
████▄▄████▄▄████▄▄████
██████████████████████

▀████████████████████▀
▄████████████████████▄
██████████████████████
█████▀▀█▀▀▀▀▀▀██▀▀████
█████░░░░░░░░░░░░░████
█████░░░░░░░░░░░░▄████
█████░░▄███▄░░░░██████
█████▄▄███▀░░░░▄██████
█████████░░░░░░███████
████████░░░░░░░███████
███████░░░░░░░░███████
███████▄▄▄▄▄▄▄▄███████

██████████████████████
▀████████████████████▀
▄████████████████████▄
███████████████▀▀▀▀▀▀▀
███████████▀▀▄▄█░░░░░█
█████████▀░░█████░░░░█
███████▀░░░░░████▀░░░▀
██████░░░░░░░░▀▄▄█████
█████░▄░░░░░▄██████▀▀█
████░████▄░███████░░░░
███░█████░█████████░░█
███░░░▀█░██████████░░█
███░░░░░░████▀▀██▀░░░░
███░░░░░░███░░░░░░░░░░

██░▄▄▄▄░████▄▄██▄░░░░
████████████▀▀▀▀▀▀▀██
█████████████░█▀▀▀█░███
██████████▀▀░█▀░░░▀█░▀▀
███████▀░▄▄█░█░░░░░█░█▄
████▀░▄▄████░▀█░░░█▀░██
███░▄████▀▀░▄░▀█░█▀░▄░▀
█▀░███▀▀▀░░███░▀█▀░███░
▀░███▀░░░░░████▄░▄████░
░███▀░░░░░░░█████████░░
░███░░░░░░░░░███████░░░
███▀░██░░░░░░▀░▄▄▄░▀░░░
███░██████▄▄░▄█████▄░▄▄

██░████████░███████░█
▄████████████████████▄
████████▀▀░░░▀▀███████
███▀▀░░░░░▄▄▄░░░░▀▀▀██
██░▀▀▄▄░░░▀▀▀░░░▄▄▀▀██
██░▄▄░░▀▀▄▄░▄▄▀▀░░░░██
██░▀▀░░░░░░█░░░░░██░██
██░░░▄▄░░░░█░██░░░░░██
██░░░▀▀░░░░█░░░░░░░░██
██░░░░░▄▄░░█░░░░░██░██
██▄░░░░▀▀░░█░██░░░░░██
█████▄▄░░░░█░░░░▄▄████
█████████▄▄█▄▄████████

▀████████████████████▀




Rainbot
Daily Quests
Faucet
Janation
Hero Member
*****
Offline Offline

Activity: 1218
Merit: 512


View Profile
July 31, 2019, 08:58:41 AM
 #28

Looking for a long-term perspective, Bitcoin is really profitable investment.

It dumps, it pumps but there are a lot of times that it increases rather than it decreases. Traders will obviously say no to this since most of them are doing a daily trade, in terms of holders, I guess they earned it but I like to be a trader than a holder since Bitcoin is not the only cryptocurrency where you can earn good profits.

stompix
Legendary
*
Offline Offline

Activity: 1246
Merit: 1198



View Profile
July 31, 2019, 04:12:44 PM
 #29

That is, there are (were) only 129 or so days when today's price was lower than in those days. Obviously, that refers to the period of the recent spike to nearly 14k as well as the period in November through December of 2017. But this is a ridiculous approach since somewhere near the end of 2017 it could be said that Bitcoin had been profitable throughout its entire lifetime (up to that date)

Nothing ridiculous more like childish approach
When anything being crypto or stocks reach an all-time high it's impossible for anybody that has bought and hodl to be at a loss.

The main problem would be the number of people involved since OP is counting the days from the first block, but the first-ever trade happened in October, that's a full 10 months or 300 days or 8% of the time when NOBODY bought any coins for fiat.

And how many bought in the first days, and how many in those 100 bad days?
Looking at the volume, we could draw another hasty conclusion, the majority of buyers are unlucky Tongue

shulc7
Full Member
***
Offline Offline

Activity: 490
Merit: 100


View Profile
July 31, 2019, 08:25:03 PM
 #30

It's just a sign how bullish bitcoin is in the longterm. If you look at the bigger timeframe chart, it was always bullish. Not just in dec 2017 but always! If you guys don't see that, something that is so obvious, i cannot help it.

Although I cannot understand why 3+% were not profitable only, I agree that cryptocurrencies are going to grow all the time. Bitcoin, being protected from inflation, will be the leader of this growth. If a person lives in a country where inflation is extremely high, it is much better to invest in crypto even if the crypto market is going to be too volatile in the nearest time.

SuperTA
Full Member
***
Offline Offline

Activity: 224
Merit: 258



View Profile
July 31, 2019, 09:26:18 PM
 #31

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.
That is a good way of taking things as i never thought in this way, but i have a small doubt, almost the entire 2018 was a on a bear ride and i am sure it is more than 129 days, so how does this number stand is a mystery  Wink.
Yes, there was a bear in 2018. But right now, bitcoin is worth 10k usd. You don't count those days where bitcoin was below 10k. If you bought in 2018 at 6k or 3.2k or 9 k, you are profitable! At the current price.
TheCoinGrabber
Sr. Member
****
Offline Offline

Activity: 672
Merit: 282



View Profile
August 01, 2019, 01:43:14 PM
 #32

How did you come up with that statistics? And why would you say those days were not profitable? If it was coz the price dropped then it could still be considered "profitable" if you used the opportunity to grab coins on the cheap.

Even last month, there was a chance for some profit when it hit $12k and then dropped to $9,400.

Of course HODL long-term but the riding the cycles allow accumulation of more BTC, which would be more valuable the longer you stay in.
SuperTA
Full Member
***
Offline Offline

Activity: 224
Merit: 258



View Profile
August 01, 2019, 04:44:50 PM
 #33

I already mentioned. It's not considered for a day trading but for hodling. There was only 129 days when bitcoin had a lower value.
deisik
Legendary
*
Offline Offline

Activity: 2100
Merit: 1127


English ⬄ Russian Translation Services


View Profile
August 01, 2019, 06:48:48 PM
 #34

Okay, guys, here's an explanation for the inquiring minds as to what OP means. And what he actually means by his cryptic posts in this thread is quite simple really. By 129 unprofitable days he obviously means the period of time since the late November 2017 when Bitcoin had first risen above 13k (and then proceeded to an ATH of 20k) till mid-January 2018 when it fell below 13k. If you add to this period the time when Bitcoin was above 13k this year, you will definitely get a couple of months which could be related to as non-profitable days in the entire history of Bitcoin from today's perspective

Whether it makes any sense at all is another question, though

███████████████████████████
█████████▀▄▄▄▄▄██▀▀████████
█████▀▄█▀▀▄▄▄▄▄▄▄▀▀▄▄▀█████
████ █▀▄███████████▄▀██████
███▄█ ███████▀ ██████ █ ███
██▀█ ███  ▀▀█  ▀██████ █ ██
██ █ ████▄▄      ▀▀▀██ █ ██
██ █ █████▌        ▄██ ████
███▄█ █████▄▄   ▄▄███ █▀███

████▀█▄▀█████▌  ▀██▀▄█ ████

█████▄▀▀▄▄▀▀▀▀   ▄▄█▀▄█████
████████▄██▀▀▀▀▀▀██████████

███████████████████████████
|▄█████████████████████████▄
███████████████████████████
████████▀▀▄▄▄▄▄▄▄▀▀████████
██████▀▄▀▀██░░░██▀▀▄▀██████
█████░██▄░░▄▄▄▄▄░░▄██░█████
████░█▀▀░▄██▄▄▄██▄░▀░█░████
████░█▄▄░█░█░░░█░█░▄▄█░████
████░██▀░▀██▀▀▀██▀░▀▀█░████
█████░█░▄▄░▀▀▀▀▀░▄▄░█░█████
██████▄▀██░░▄██░░██▀▄██████
████████▄▄▀▀▀▀▀▀▀▄▄████████
███████████████████████████
▀█████████████████████████▀
▄█████████████████████████▄
███████████████████▀█▀░█▀▄█
████████████████████░░░░░▀▄
████▄▄▄▀██████████▄▄░░░░░░▀
███████▀▄░▀▄░░▀▀███▄█░░░░░█
██████▀▄▄▄▀░░░░░░░▀█▄█░█▄█▄
█████▀░░░░░▀▀▀░░░▀▄▀███████
█████░░░░█░███░█░░█░███████
█████▄░░░▀░▀▀▀░▀░▄▀▄███████
██████▄░░░░▀▀▀░▄▄▀▄████████
████████▄▄░░░░▀▄▄██████████
███████████████████████████
▀█████████████████████████▀
▄█████████████████████████▄
█████████████▐░░░░█████████
█████████████▐▄▄▄▄█████████
██████▀█▀███▀▀▀███▀█▀██████
███████▄▀▄▀▀░█░▀▀▄▀▄███████
█████████▀▀█▀▀▀█▀▀█████████
████████░█▀▀▀█▀▀▀█░████████
███████░█▀▀█▀▀▀█▀▀█░███████
██████░█▀▀▀█░░░█▀▀▀█░██████
█████░█▀▀█▀▀▀█▀▀▀█▀▀█░█████
████░█▀█▀▀▀█▀▀▀█▀▀▀█▀█░████
███████████████████████████
▀█████████████████████████▀
▄█████████████████████████▄
███████████████████████████
███████████████████████████
█████████▀▀▀███████████████
█████▀▀░░▄▄░░░▄████████████
█████▀▄░▀░▄▄▀▀░░▀▄░▄▀██████
█████░░▀█▀░░▀▀░▄░█▄▄▄▄█████
█████▌▀▄▐▌░█░▀░▀░█░░░░█████
██████▄░░█░░░▀▀░▄▀░▀░██████
████████▄▐▌░▄▄█████████████
███████████████████████████
███████████████████████████
▀█████████████████████████▀
▄█████████████████████████▄
████████████████████▀▀▀░███
████████████████▄░░░░░░░███
█████████████████▀░░░░░▐███
███████████████▀░░░░▄▄░████
█████████████▀░░░░▄████████
██████████▀▀░░░▄███████████
███████▀░░░▄▄██████████████
███▀▀▄▄▄███████▀▀▀▀▀███████
███████▀▀▀▀▀█░░░░░░░░▀█████
██▀▀▀▀░░░░░▄░░░░░░░░░▄░░▀▀█
░░▄░░░░▀▄░░█▄░░░▄▀░▄█░░░░░░
▀▄░▀█▄▄███▄███▄██▄███▄▄▀░▄▀
|ROULETTE
MINES
TOWERS
DICE
CRASH
──── ─── ─
SuperTA
Full Member
***
Offline Offline

Activity: 224
Merit: 258



View Profile
August 01, 2019, 07:02:00 PM
 #35

Bitcoin was the best major asset for investment. No matter if you look for the 6 months return , 1 year return, 3 year return, 5 year return or 10 year return. I hope you guys get it now. There is no better performing asset if you look at the global major assets.
roosbit
Member
**
Offline Offline

Activity: 378
Merit: 24


View Profile
August 01, 2019, 07:09:10 PM
Last edit: August 01, 2019, 07:38:56 PM by roosbit
 #36

3.3% that's a shocker!

Thought the percentage would be higher but seeing the number of days been considered this might be true and the fact that their people out there that still make a profit regardless of a bear or bullish market the stats are quite possible.
shield132
Hero Member
*****
Offline Offline

Activity: 1288
Merit: 544


In bit we sler, Bitsler


View Profile
August 01, 2019, 07:21:33 PM
 #37

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  Wink Until a massive adoption!
If we think that way, then for satoshi, there were 0 days when bitcoin wasn't profitable. Also there were almost none days for those who bought bitcoin very early. But there were more than 3.3% unprofitable days for most of bitcoin users. Most part of people bought bitcoin when price become 10K and higher, these was days when bitcoin gained huge attention because of it's price rise and this was the time when bitcoin got under massive attention of media. Also there were a lot of redditors who invested when price was on top. Can't understand what's the point of your percentage, don't take it wrongly but it's really meaningless.

SuperTA
Full Member
***
Offline Offline

Activity: 224
Merit: 258



View Profile
August 01, 2019, 07:44:44 PM
 #38

Exactly! Maybe it's an ordinary thing to you, but please show me any other major asset that was outperforming bitcoin in the last 6 months, 1 year, 3 years, 5 years or 10 years. Personally i'm amazed by that.
lixer
Hero Member
*****
Offline Offline

Activity: 924
Merit: 504


View Profile
August 02, 2019, 04:05:23 PM
 #39

Bitcoin was the best major asset for investment. No matter if you look for the 6 months return , 1 year return, 3 year return, 5 year return or 10 year return. I hope you guys get it now. There is no better performing asset if you look at the global major assets.
I think that is exactly the message that the op is trying to pass across, it means bitcoin has hard more positive opportunity than the negative some of us do see. The fact that we did not do or assignment very well to find that opportunity does not mean it did not present itself and we can see from the analysis of the op that bitcoin has always been profitable all along.

Bitcoin is going to forever be the best investment which is reason why there should not be anyone that would ever come to the cryptocurrency market to trade or buy coin without first considering bitcoin investment first. This is the only coin that can guarantee anyone of future and stand for him or her even when all other coins has failed such user, investors or such trader of that coin.
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!