Bitcoin - Fun Fact!

in #bitcoin • 5 years ago

Did you know that there only 70 days that bitcoin has been unprofitable to buy?

Let me go a bit deeper and give that some context...

Since bitcoin was created, there are only 70 days that the price of bitcoin has been higher than it is right now.

Take a look at the chart:

(Source: https://twitter.com/blockandchain/status/1143040812634103808)

That means that since bitcoin was created back in early 2009 only 2% of the time has it ever traded higher than it is right now...

Which means...

Had you bought bitcoin on any of the other 3,752 days you would currently be profitable.

Doesn't mean a whole lot if you purhcased during those 70 days, but it is interesting never the less.

The thing that is most interesting to me is that at some point this chart likely says "unprofitable 0% of the time"...

This happens when bitcoin makes a new high.

Stay informed my friends.

-Doc

#crypto #busy #life #palnet
5 years ago in #bitcoin by
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     5 years ago 

    Well, we will never see $1,000 bitcoin again.
    And we will say the same things about $10,000 bitcoin.

    And, the truly shocking will be, that we will say that about $1,000,000 bitcoin.
    (but that may be short lived as the dollar dies)

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     5 years ago 

    I don't think the dollar will die any time soon... and even when it does, it will be a long slow death...

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     5 years ago 

    USD is a dinosaur,
    and Bitcoin is a big ass comet.

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     5 years ago 

    Maybe so, but those with armies will seek to keep it valuable.

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     5 years ago 

    Haha, yeah, and one of the generals will say:

    Okay men!
    It's time to attack the Internet!
    Move out!

    USD is going to get annihilated by Libra.
    I wonder how many mercenaries the top 100 corporations can afford.
    All of them?

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       5 years ago 

      wow didn't know that hhh lol @jrcornel can u follow me plz thnk u

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       5 years ago 

      Fun fact indeed, but nothing more!! :D

      Soon we will be at 100%, until the market turns bearish again.

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         5 years ago 

        Eh, ignoring the dimension of time is not real helpful.

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           5 years ago 

          What do you mean?

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           5 years ago 

          Profit is good, yes. But it's measured as a function of time. BTC has been a loss for the past 18 months or so until quite recently. That has an effect on people's decisions.

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             5 years ago 

            Of course. It was a "fun fact" that bitcoin has traded lower than this for 98% of its history. Doesn't help anyone that has purchased higher though.