Profitable days of holding bitcoin percentage (98.5%)

[Poker Player]

Has anyone seen this chart?

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

I've googled and haven't seen any posts opened on the subject.

It shows the best strategy is to HODL, because if you bought bitcoin at some point in the past and still hold it today, you have made a profit unless you bought it in a short period of time (around December 2017-January 2018). If you bought it at any other time (98.5% of the time), you have profited.

The graph only makes the comparison with today, so I understand that 98.5% is not met for any time since the creation of bitcoin, the worst times being November 2011 and January-September 2015.

However, it is clear that, in spite of the short-term volatility, if you just buy and hold bitcoin, you have a very high likelihood of profiting. (This is assuming that the future bitcoin performance will be similar to the past).

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[Slow death]

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? 

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

[reliable]

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.

[Coyster]

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.

[dothebeats]

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.

[hatshepsut93]

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.

[boyptc]

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.

[tbct_mt2]

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/

[Yogee]

....

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.

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.

[pooya87]

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).

[Twinkledoe]

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.

[pragna]

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.

[CryptopreneurBrainboss]

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.

[maydna]

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.

[davis196]

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.

[btc_angela]

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.

[20kevin20]

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.

[Fundamentals Of]

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.

[Kelvinid]

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.

[Lucius]

~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.