Buying Bitcoin Has Been Profitable 98.2% of the Days Since Creation

Bitcoin (BTC) has been profitable as an investment 98.2% of the days since its creation, data from holdcalc.com as of July 1 indicates.

Counting 3830 days back — to January 4, 2009, one day after the coin’s Genesis Block was hashed  — holdcalc’s data suggests that on 3671 of these, it was profitable to buy bitcoin (BTC) as an investor.

That leaves 69 unprofitable days — which include virtually all days during December 2017, at the apex of bitcoin’s historic bull run to $20,000 — as well as almost all of January 2018.

The most recent cluster of unprofitable days recorded in hodlcalc’s data are during the end of last month — between 25 and 29 June 2019 — when the coin was trading between the $11,170 and $12,907 price points. 

Parallel to holdcalc’s rolling statistics, a cryptocurrency market analysis published by twitter handle CL on June 24 suggests that bitcoin has entered the so-called “stealth phase” of its renewed bull run.

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