How is Bitcoin more valuable? Master this method, you can profit in 98.66% of the time

According to data provided by cryptocurrency analyst Rhythm Trader, Bitcoin holders are more likely to make a profit than traders who trade Bitcoins continuously.

Bitcoin-3741062_1280

Image source: Pixabay

The famous cryptocurrency analyst found that 3,617 days in the 3,869 days of bitcoin was profitable, accounting for 98.66% of its history. He added that the only people who lost money in the bitcoin market were those who left during the downturn. On the other hand, those who continue to hold cryptocurrencies despite prejudice pressures have the greatest profit.

E5886BE4FD9649D099405C27F0E70DA3

Green shows the profitability of buying bitcoin

Do you want to hold Bitcoin?

The discovery was revealed in a discussion about whether Bitcoin is an ideal way to store value assets. Those who support Bitcoin as a value store believe that Bitcoin, like gold, is a safe haven asset. It’s better to store and trade Bitcoin without permission, and it also shows a similar scarcity to gold. Those who oppose this claim believe that the potential price volatility of Bitcoin makes it a bad value asset.

Between these two arguments, some traders see Bitcoin as a pure speculative tool. Their daily job is to make money by using intraday price fluctuations of cryptocurrencies. If these investors are whales, they can push the market in any direction at an exponential rate. If they are ordinary investors, they will only track this preference until it no longer brings them profits.

Speculators either become believers/holders or become completely averse to Bitcoin (they don't want to have anything to do with Bitcoin), which tends to reduce volatility. As value-storage theory becomes more popular, and as macroeconomic prospects bleak, investors are beginning to look for unrelated assets to hedge, and Bitcoin seems likely to attract more speculators into its markets.

The famous cryptocurrency analyst Tony Vays believes that Bitcoin has enough use cases to impress an outsider.

Bitcoin is probably the largest storage of value in world history. Yes, it is very unstable – because its useful time is only about 7 years – but its “non-confiscation” is unparalleled. This is the true value reserve nature of gold because gold is forfeitable and all other assets are even easier.

"Gold" case study

Proponents also believe that the volatility of gold in the early years is a hedge asset. In 1971, after the former US President Richard Nixon switched from the gold standard to the dollar standard, this scarce metal has been in an unstable state for many years.

C48377400ACF4B3AB7D8879B116DB2D9

This comparison puts bitcoin into the category of potential value assets. If this argument is further developed, Bitcoin investors may become long-term holders.

Since people know that holders have already obtained reasonable profits, this argument seems to be developing.

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

Coinbase UK's 2018 net profit margin was 4.3%, up 2 points from 2017

Do you think Coinbase makes money? On April 18, according to Cindesk , according to Reuters speculation and calculati...

Opinion

What do legal experts think of the SBF trial?

If SBF is convicted of one or more charges he is facing, the length of time he will spend in prison will largely depe...

Blockchain

Crazy currency contract: leverage up to 125 times, and overnight positions of 2 billion US dollars

Text: Ratchet Source: A blockchain 100 times leverage, 125 times leverage … More and more players in the curren...

Blockchain

Solana Ecosystem Bounces Back from FTX Collapse with a Dash of Resilience and a Pinch of Silver Lining

Solana CEO, Anatoly Yakovenko, discusses the impact of FTX's downfall on Solana's ecosystem startups and projects.

Opinion

Research on the major wallet risks of Binance, KuCoin, and Jump: Are assets stored in large institutions 100% safe?

Undoubtedly, mainstream exchanges and institutions have invested a significant amount of funds and manpower in networ...

Blockchain

Speed ​​| Cryptographic Currency Derivatives Exchange: Clearing Mechanism; Bitcoin and "Great Wealth Transfer"

Today's content includes: 1. Chat with Tang Wei of Parity about the impact of ETH to PoS on ETC. 2. Kyber's...