According to data from Rhythm Trader, the strategy of the so-called Bitcoin-hodlers is much more successful than those traders who try to profit from operations with cryptocurrency depending on its behavior in the market.
Rhythm Trader claims that Bitcoin remained profitable for 3,817 days out of all 3,869 days of its existence, that is, we are talking about 98.66% of the entire time. The analyst claims that the only investors who suffered losses when interacting with BTC are those who decided to leave the game at a time when the BTC rate was heading for a new bottom. Those who continued to keep crypto funds with them, on the contrary, received the maximum profit.
Hodling Bitcoin has been profitable for 3817 days out of a total of 3869 days. That's 98.66% of bitcoin's history.
Green shows where buying bitcoin has been profitable.
The only people that have actully lost money with bitcoin, have just been impatient. ? pic.twitter.com/kq82I6QTtR
Rhythm (@Rhythmtrader) August 9, 2019
Currently, there are investors who believe that Bitcoin is a great way to save value, just like gold. Others consider cryptocurrency only as a speculative tool, which is often used to profit from the daily fluctuations of the coin rate.
On the eve of investor Tim Draper reiterated his assumption that by 2023, Bitcoin will reach the level of $ 250,000. Despite the fact that BTC has now entered the stage of consolidation, which is confirmed by some other analysts, in the long run an explosive growth rate should be expected.
