{"id":400211,"date":"2019-10-01T20:00:26","date_gmt":"2019-10-01T20:00:26","guid":{"rendered":"https:\/\/ktsl888.com\/?p=400211"},"modified":"2024-06-11T11:26:01","modified_gmt":"2024-06-11T11:26:01","slug":"if-in-doubt-zoom-out-bitcoin-profitable-days-still-at-91-5","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/if-in-doubt-zoom-out-bitcoin-profitable-days-still-at-91-5\/","title":{"rendered":"If In Doubt Zoom Out, Bitcoin Profitable Days Still at 91.5%"},"content":{"rendered":"
Even despite the recent haircut off Bitcoin’s market capitalisation that saw prices once again crash<\/a> spectacularly through the $10,000 level, those buying the crypto asset throughout most of its history would theoretically be in profit if they had held onto their investment until today. In fact, Bitcoin prices were lower than they are today on 91.5 percent of previous days.<\/p>\n The observation reminds those invested in Bitcoin of the importance of considering longer time frames. The longer term chart of Bitcoin’s price also shows that patterns like those we are seeing of late are nothing at all new.<\/p>\n Research provided by LookIntoBitcoin<\/a> and tweeted by Bitcoin podcaster Vortex (@theonevortex) shows that Bitcoin bought on 91.5 percent of days throughout its entire history is in profit.<\/p>\n When in doubt remember to zoom out. #bitcoin<\/a> <\/p>\n source: https:\/\/t.co\/y2G8095tet<\/a> pic.twitter.com\/08EXos2Fd9<\/a><\/p>\n — Vortex | CTV \/ LNHANCE (@theonevortex) October 1, 2019<\/a><\/p><\/blockquote>\nBitcoin’s Short Term Price Moves are a Distraction for Many<\/h2>\n
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