Buying Bitcoin has been profitable for 98.2% of the days since its creation.

Buying Bitcoin has been profitable for 98.2% of the days since its creation.

By Alessandro Sciacchitano | Criptoita | 20 Mar 2020


This is what has been determined by holdcalc.com, which took into account the history of Bitcoin since 4 January 2009, or 3830 days considered in the past, pointing out that for 3671 days, the purchase of BTC has always been profitable , while the remaining 69 course not.

These 69 days are unprofitable virtually all between December 2017 and January 2018 where BTC has reached an all time high with a value of $ 20,000, then these must be added a few days of June this year (2019), between 25 and 29 where he reached the highest price, highs not seen in over a year.

This analysis I think is really interesting, because it gives strength likely to DCA method of investment, which must thank John Cantrell andwhich you can read the article I wrote, DCA Dollar Cost Averaging how to invest in Bitcoin on the medium and long term .

 

 

Originally published at my own website in italian language https://www.criptoita.it on JULY 1, 2019.



Criptoita
Criptoita

Formation and Information on Bitcoin, altcoin and trading.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.