{"id":82683,"date":"2024-07-31T21:30:49","date_gmt":"2024-07-31T21:30:49","guid":{"rendered":"https:\/\/neclink.com\/index.php\/2024\/07\/31\/holding-bitcoin-has-been-profitable-for-98-5-of-its-existence-data-shows\/"},"modified":"2024-07-31T21:30:49","modified_gmt":"2024-07-31T21:30:49","slug":"holding-bitcoin-has-been-profitable-for-98-5-of-its-existence-data-shows","status":"publish","type":"post","link":"https:\/\/neclink.com\/index.php\/2024\/07\/31\/holding-bitcoin-has-been-profitable-for-98-5-of-its-existence-data-shows\/","title":{"rendered":"Holding Bitcoin Has Been Profitable for 98.5% of Its Existence, Data Shows"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<p>According to <a href=\"https:\/\/www.bitcoinmagazinepro.com\/\">Bitcoin Magazine Pro<\/a>\u00a0data, holding Bitcoin has been profitable for 98.5% of its existence. The data reveals that out of the last 5,096 days since Bitcoin trading began, holding BTC has been profitable for 5,020 days relative to the current price\u00a0of ~$66,500 per BTC.<\/p>\n<p>Since August 17, 2010, when Bitcoin was priced at just $0.07, its value has skyrocketed to around $66,500, representing an astounding increase of 94,999,900%. This consistent upward trajectory highlights Bitcoin&#8217;s\u00a0sustained growth and increasing adoption over time.<\/p>\n<figure>\n<p>                        <img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/bitcoinmagazine.com\/.image\/c_fit%2Ch_800%2Cw_1200\/MjA4MjQxMDcwNTg3MjU4MzA5\/bm-pro---bitcoin-profitable-days-2.png\" height=\"747\" width=\"1200\"><\/p>\n<\/figure>\n<p>The chart from Bitcoin Magazine Pro underscores the aggressive growth of Bitcoin&#8217;s adoption curve, driven by its limited supply of only 21 million BTC and ever increasing demand. This growth is a critical factor for investors to understand, as it demonstrates the potential long-term benefits of holding Bitcoin. However, it also emphasizes the importance of market cycle awareness, as buying during market cycle tops can lead to extended drawdowns, historically lasting 2-3 years.<\/p>\n<p>Though, this data counters the mainstream narrative that Bitcoin can be too risky for investors to buy and hold long-term. Instead, it demonstrates the significant rewards of long-term investment in Bitcoin, showcasing its use case as a reliable store of value.<\/p>\n<p>For those trying to calculate where the price of Bitcoin may trend towards in the future, this indicator shows how Bitcoin&#8217;s value has accelerated as it gains global traction. As adoption and interest continue to rise, the percentage of profitable days is expected to increase and potentially surpass 99% in the future.<\/p>\n<p>For more detailed information, insights, and to sign up for a free trial to access Bitcoin Magazine Pro&#8217;s data and analytics, visit the official website <a href=\"https:\/\/www.bitcoinmagazinepro.com\/subscribe\/\">here<\/a>.<\/p>\n<p><br \/>\n<br \/><a href=\"https:\/\/bitcoinmagazine.com\/markets\/holding-bitcoin-has-been-profitable-for-98-5-of-its-existence-data-shows\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to Bitcoin Magazine Pro\u00a0data, holding Bitcoin has been profitable for 98.5% of its existence. The data reveals that out of the last 5,096 days<\/p>\n","protected":false},"author":1,"featured_media":82684,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[151],"tags":[],"class_list":["post-82683","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/posts\/82683","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/comments?post=82683"}],"version-history":[{"count":0,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/posts\/82683\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/media\/82684"}],"wp:attachment":[{"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/media?parent=82683"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/categories?post=82683"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/tags?post=82683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}