Bitcoin: increase profitable days

Thanks to recent price increases, the profitable days for Bitcoin are increasing.

As skew points out, in all of BTC’s history there have only been 93 days in which the average daily price has been above $11,500 as it is now.

#bitcoin has only spent 93 days, three months, since start above current price of $11.5k

– skew (@skewdotcom) October 19, 2020

This means that anyone who bought bitcoins in all other days, and kept the BTCs purchased to date, would currently be in profit.

Taking as an example the birth of the first great exchange crypto, Mt. Gox, since then more than ten years have passed, or more than 3,700 days.

Since it is possible to buy Bitcoin System scam on the exchange crypto, only in 2,5% of the days the purchase price has been higher than 11.500$.

In the remaining 97.5% of the days the price was lower than the current one, therefore we can say that the vast majority of the days so far spent by BTC on the exchanges have been profitable days for the holders.

On the contrary, 97.5% is much more than the vast majority, since for example the ratio between profitable and non profitable days to date is almost forty to one.

That is for each of the 93 days in which the price has been superior to 11.500$ there are approximately forty in which instead the price has been inferior.

In fact in total 93 days correspond to three months, while the months in which the price has been lower are 117.
Bitcoin and profitable days for holders

Obviously, however, this is only valid for holders, i.e. those who have bought and not yet sold.

However, it must be specified that in the three months in which the price was higher than $11,500 there were huge volumes of exchanges, so the number of people who bought at a higher price could still be particularly high.

However, it is possible that some of those who bought BTC at a higher price have actually already sold them, so the total number of current bitcoin holders in profit could be particularly high.

However, it should be remembered that most of the BTCs in circulation today are in fact long standing on the same wallet, and this suggests that the bitcoins held by holders are more than those held by traders.