Bitcoin’s Remarkable Record: 99.92% of Days End in Profit

Out of the last 3,732 tradable days, only six days—specifically between March 9-13 and March 25-29—show a loss on Bitcoin purchases, accounting for just 0.16% of the total days analyzed.

Ecem EFE03/04/20241 Mins read335

Bitcoin'S Remarkable Record: 99.92% Of Days End In Profit

Crypto News- Bitcoin enthusiasts have had reason to celebrate, with a staggering 99.92% success rate in maintaining profitable portfolios since its inception over 14 years ago. Despite occasional dips, such as the recent $66,245 downturn, the overall trajectory has been remarkably positive. Even amidst market fluctuations, the recent peak of $73,600 in mid-March reaffirmed the faith of BTC holders, who have witnessed consistent appreciation in their investments.

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Bitcoin’s Remarkable Record: 99.92% of Days End in Profit

However, not all periods have been equally lucrative. Recent data from Blockchain.com reveals that Bitcoin purchased during specific intervals in March is currently at a loss. This represents a mere 0.16% of the approximately 3,732 tradable days, highlighting the resilience of Bitcoin as an investment vehicle.

Bitcoin’s Role in Bear Markets: Resilience for Investors and Strength for the Mining Community

The significance of holding Bitcoin, particularly during bear markets, is underscored by its historical performance. A vast majority of Bitcoin wallets, estimated at 86.28%, hold relatively modest amounts, signaling widespread participation across various income brackets. Such resilience not only benefits investors but also bolsters the mining community, contributing to the robustness of the Bitcoin network.

As anticipation builds for the upcoming Bitcoin halving event scheduled for April 20, 2024, both institutional and private investors are gearing up for potential price surges. Despite the impending reduction in mining rewards, exemplified by Bitfarms’ substantial investment in upgrading mining equipment, optimism remains high. Bitfarms’ CFO, Jeffrey Lucas, believes that the fleet upgrade will significantly enhance their operational capacity and efficiency, positioning them favorably post-halving.

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Ecem EFE

Since 2022, Ecem has been creating digital content, combining her passion for technology with writing. Continuing her education in the Mathematics department, Ecem focuses on producing in-depth content on areas such as blockchain, artificial intelligence, and cryptocurrency. She aims to simplify these topics and present them to a wide audience, sharing valuable insights into the crypto industry through her writing. With her innovative content, she strives to raise awareness in the digital world.

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