Profitable days of holding bitcoin percentage (98.5%)

[mezzaluna]

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.

[CryptopreneurBrainboss]

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.

[dunfida]

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..

[royalfestus]

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

[Free Market Capitalist]

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.

[Shasha80]

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.

[Botnake]

Has anyone seen this chart?

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

Found this one in the chart.



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?

[boyptc]

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.

[DevilSlayer]

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.

[taufik123]

-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.

[imstillthebest]

-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

[Leonardo7]

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.

[peter0425]

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.

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?

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.

[erikoy]

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.

[Becky666]

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.

[BeManga]

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

[DeathAngel]

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.

[ILuckyGuyI]

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.

[Hypnosis00]

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.

[Saisher]

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.