Analysis: Buy BTC at any price, hold up to 1335 days, and be 100% profitable

According to the analysis of BitcoinEconomics, the necessary time for profit taking Bitcoin is 1,335 days or about 3 years and 8 months, which means that anyone buying Bitcoin at any price will be 100% profitable within 1335 days. . This necessary time is roughly related to the length of the four-year cycle based on the halving of the BTC award.

WX20190910-131236@2x

Bitcoin profit probability chart. Source: BitcoinEconomics.io

Profiting from bitcoin requires patience

Based on this probability data, if you have already bought at the top of BTC's historical price, it will take up to 1,335 days before Bitcoin finally breaks through the 2017 all-time high. In other words, BTC will have a high probability of breaking through the high of $19,000 between 2019 and 2021.

Suppose you buy at the highest point in a wave of gains. Holding Bitcoin for 317 days will give you a 75% chance of profit. Holding Bitcoin for 35 days will also give you a 60% chance to turn it over. The probability of making a profit is 50%.

If this sounds like a long time, we can compare it with the S&P 500 index. In order to make a profit on 100% of the S&P 500, you have to hold 23 years.

Also, keep in mind that this analysis is purely about the probability of profit, not the size of the profit. When Bitcoin is in a bull market, the profit available from the BTC dwarfs the stock market index. For example, the Gray Bitcoin Investment Trust has outperformed all assets so far in 2019 and has appreciated nearly 300% year-to-date.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

Bitcoin-related products become popular among millennials, surpassing Disney and Microsoft stocks

A recent report from brokerage giant Charles Schwab shows that there are more millennials holding Bitcoin-related inv...

Blockchain

Wikipedia Lightning Network Entry Critical? Bitcoin was deleted 9 years ago

December 13th news, according to a foreign media decrypt report, multiple Wikipedia managers are discussing whether t...

Blockchain

milestone! Bitcoin confirms more than 500 million transactions

At 17:20:48 on February 5th, Beijing time, the height of the Bitcoin network block reached 616,064, and Bitcoin'...

Blockchain

Where can you spend Bitcoin in 2020?

Due to high transaction fees, large price fluctuations, low throughput, and 10 minutes confirmation time, Bitcoin may...

Blockchain

Quote analysis: Changyin has emerged, short power is beyond imagination

People like to look for reasons after the fall. In fact, there is no obvious negative in the market. It is just that ...

Blockchain

The court asked CSW to disclose the early bitcoin holdings. Can "Zhong Ben Cong's mystery" be solved?

On April 28th, Kleiman and Wright's high-profile lawsuits continued to heat up, and the plaintiff accused CW (Cr...