The post Bitcoin has been profitable in 94% of its history? appeared on BitcoinEthereumNews.com.

These days an infographic is circulating online showing how Bitcoin would have remained profitable for 94% of its history.  Starting from 2010, the year in which BTC exchanges began, it would have been unprofitable only during the 2021 bubble.  The misconception about Bitcoin profit Actually, what this chart shows is only the period in which the price of BTC has historically been lower than the current one (green line), compared to the period in which the price has been higher (magenta line). In other words, it shows that until today the price of Bitcoin has been below $43,000 for 94% of the time since it has been traded on the markets, while only for 6% of the time it has had a higher price.  This does not mean at all that it has remained profitable in 94% of the days since it was listed on exchanges, but only that the current price is higher than the price it had in 94% of the past days.  Claiming that Bitcoin has been profitable for 94% of the time is false, because only those who bought at a price lower than $43,000 and have never sold are currently still in profit. Those who have sold may have done so at a loss, and currently may not be in profit anymore. The holding This infographic makes sense especially for holders, i.e. those who, after purchasing BTC, keep it in their portfolio as a store of value without selling it.  In fact, from this point of view, those who have bought BTC and have never sold it are probably now in profit, that is, they have accumulated an unrealized profit, since in 94% of the past days the purchase price has been lower.  To be honest, many purchases were actually made during the bubbles, especially…

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Filed under: News - @ December 30, 2023 8:16 am