Latest figures show that over three quarters of all existing bitcoin (76.05%) are in profit, meaning that the value is currently higher than last time it was moved. While this ratio fluctuates, historically it has remained above 50% for almost the entire history of Bitcoin.
HODLing Bitcoin Pays Off
As may be expected, there is a strong correlation between the ratio of bitcoin currently in profit and BTC price. During periods when bitcoin price has been pushing upwards to all-time and local highs then of course, profitability numbers will increase.
Similarly, in the periods when price crashes following price highs, the percentage of bitcoin in profit will go down. Although, notably, rarely to lower than 50%, and never to less than 40%.
Boom and bust cycles saw profitability numbers dip below half of all bitcoin in 2011, 2015 and 2019, towards the very bottom following the crash. However, the lowest ever recorded value was still 40.5%, following the crash from over $1,100 down to $226.
Even then, over 40% of bitcoin held was still in profit, showing both the benefit and popularity of a long-term HODLing strategy.
High Prices Means High Profitability
The steady growth period from the end of 2016 through to the end of 2017 showed the benefit that a prolonged uptrend could provide. The percentage of circulating bitcoin in profit never dropped below 80%.
In fact, on two occasions, in early May and November, profitability numbers reached record levels of over 99%. BTC price at these times was $1575 and $7234 respectively.
The slump through 2018 saw numbers fall to only 41.5% of circulating bitcoin in profit, although 2019’s rally brought numbers back up to over 92% in June.
Profitability numbers followed price back down, but only as low as 56%, before recovering to their current level of 76.05%.
HODL For The Future
Of course, bitcoin price has spent the past week on an upwards trajectory, adding over $1,000 in the course of the past five days. This means that the current profitability percentage is likely to be even higher.
As Bitcoinist reported, bitcoin price has this year bucked the January tradition by having a phenomenal month. As the month draws to a close, bitcoin is up 32%, a feat which, if repeated every month for the rest of the year, would see BTC close out 2020 with a price of over $150k.
HODLing sounds like a better strategy than ever right now.
What’s the longest you have held Bitcoin for? Let us know in the comment section below!
Images via Shutterstock The post appeared first on Bitcoinist.com. origin »
Bitcoin price has regained momentum as supply in profit rises and trend strength improves. As of this writing, Bitcoin is up 4% over the last day, trading at about $116,030. Now up 5.1% for the week and 5.7% for the…
Bitcoin Long-term holders approached a 350% profit, hinting at possible distribution pressure.
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BiThe post Bitcoin’s 'profit wall' is back — Can bulls punch through before the weekend? appeared first on AMBCrypto.
Crypto flagship asset, Bitcoin currently struggles with upside momentum following a recent sharp rundown in the general market, and facing significant resistance at the $103,000 level. Despite the waning price performances, profitability has been increasing, with a considerable amount of the coins now in profit.
Since Nov. 12, the Bitcoin market has entered a phase of significant profit-taking, with daily realized profits averaging around $5 billion — marking the highest profit levels in over a month, according to CryptoQuant data.
Over 92% of Bitcoin investors were in profit as it crossed $66k on the charts
A sustained rally could push BTC to an ATH
Bitcoin [BTC] has been comfortably moving north lately, with the crypThe post 92% of Bitcoin investors are in profit, but is a crash coming next? appeared first on AMBCrypto.
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Bitcoin’s Unspent Transaction Outputs (UTXOs) in profit have risen to approximately 84%, coinciding with the digital asset’s price reaching around $63,800. This marks a recovery from earlier in the summer when UTXOs in profit dipped to about 65% during price corrections below $55,000.
On-chain data shows the Bitcoin Supply in Profit has taken a significant hit following the crash the cryptocurrency has seen recently. Bitcoin Supply In Profit Dropped To Around 81% During The Crash As explained by an analyst in a CryptoQuant Quicktake post, the latest drawdown in the cryptocurrency has resulted in a portion of the […]
Bitcoin’s short-term holders now hold their coins at a profit.
BTC’s future open interest has risen to a two-month high.
Bitcoin’s [BTC] Spent Output Profit Ratio (SOPR) for its short-The post Bitcoin flashes a profit signal, but only for THESE holders appeared first on AMBCrypto.
As the Bitcoin price continues on an upward trajectory that has sent it toward new all-time highs, breaking above $73,000 this week. With this increase, the vast majority of BTC holders are currently seeing a profit, and large whales are taking advantage of this to cash out some profit.
On-chain data shows the Bitcoin Supply in Profit has neared the 95% mark during the latest rally, which could signal a top for the asset. Bitcoin Supply In Profit Has Surged To High Levels Recently As explained by analyst James Van Straten in a new post on X, the Bitcoin Percent Supply in Profit has […]
Leading cryptocurrency analyst Dr. Profit has provided his latest insights into the price movements of Bitcoin. In his weekly market report, Dr. Profit noted that Bitcoin experienced significant volatility over the past month, with the price rising to around $28,600 before pulling back sharply.
Roughly 2.6 million Bitcoin have been pushed into profit.
BTC's price was on three days of consecutive decline but maintained the $30,000 price range.
In a thrilling turn of events, Bitcoin The post Bitcoin: Short-term holders see profit appeared first on AMBCrypto.
Bitcoin's Net Unrealized Profit/Loss indicator was 0. 27, indicating that the network was in profit.
The increasing dormant supply of BTC served as evidence of investors' unwillingness to sell.
On-chain profit metrics have picked up as the Bitcoin price has risen Net realised profits have been positive for 17 days, the longest streak in a year 74% of the Bitcoin supply is in profit, three months after it dipped below 50% after FTX collapsed and the Bitcoin price fell towards $15,000 Volatility has picked […]
The post 17 straight days of positive realised profit for Bitcoin, the longest streak in a year appeared first on CoinJournal.
Bitcoin’s circulating supply in profit has increased by 13% to a high of 60.5% following the asset’s recent rally above the $18,000 price level. Bitcoin (BTC) printed a winning candle for the fourth consecutive day yesterday, and despite facing rejection…
On-chain data reveals more than 30% of the Bitcoin supply has entered into losses as the price of the crypto continues to decline. Less Than 70% Of Bitcoin Entities Are Now In Profit As per the latest weekly report from Glassnode, the percentage of BTC entities in profit has severely dropped recently as the value now oscillates between 76% and 65%.
A massive battle has been taking place as Bitcoin moves sideways in the past day. The benchmark cryptocurrency trades at $60,938 as of press time with a 1. 2% profit in the 7-day chart. Bitcoin was rejected at the high of its current level driven by a surge in institutional demand.
After printing a green candle in the low of its current levels, Bitcoin seems well underway to resume its bullish trend. As of press time, BTC’s price trades at $63,324 with a 2. 5% profit in the daily and sideways movement in the weekly charts, respectively.
Bitcoin comes out of the weekend with a pump into the $40,000 resistance area. At the time of writing, the first cryptocurrency by market cap trades at $40,540 with a 13. 5% profit in the daily chart.
Mining Bitcoin is becoming a highly profitable business for those skilled in the activity. Data published by Glassnode is shedding light on the booming industry of Bitcoin mining. In its weekly on-chain report, Glassnode revealed that Bitcoin miners have recorded their highest daily profit to date.
The price of bitcoin jumped significantly on Wednesday after the payment processor Paypal announced cryptocurrency support. The jump in value has pushed a large number of bitcoin holders into a state of profit, according to Glassnode “percent of UTXOs in profit” statistics.
Bitcoin profit through Square’s Cash App was $7 million in the first quarter of 2020. It earned $8 million in bitcoin profit through the whole of 2019.
Despite Bitcoin’s recent bearish condition and low market sentiment, the majority of Bitcoin holders are still in profit, according to data from the crypto analytics platform IntotheBlock. Just over 59 percent of addresses hold Bitcoin bought with an average purchase price below $7,470, putting them “in the money” on unrealized gains even after the cryptocurrency’s […]
The post Majority of Bitcoin holders are still in profit, $6,649 could be BTC’s key support level appeared first on CryptoSlate.
Bitcoin’s strong and stable performances in 2019 have been undeniable. As the cryptocurrency’s returns continue to outperform gains seen in traditional market stalwarts (i. e. gold, silver, and the S&P 500), many traders are making comparisons to its relative strength within the market.
Hut 8 Mining Corp. , a Canadian bitcoin mining company, has released its third quarter earnings report, which shows a net loss of US $8. 7 million on higher depreciation costs. Depreciation spiked to $13.
9 ноября Комиссия по надзору за финансовым рынком Австрии (FMA) предупредила розничных инвесторов о негативных последствиях использования «трейдингового сервиса» Bitcoin Profit. По словам регулятора, Bitcoin Profit ведёт нелицензированную деятельность.
Square’s mobile payments application, Cash App, posts impressive growth for Bitcoin transactions despite the bearish cryptocurrency market. In Square’s Q3 shareholder letter the company reports $43 million in Bitcoin revenues, contributing $560 thousand to quarterly net profit.
Square’s mobile payments application, Cash App, posts impressive growth for Bitcoin transactions despite the bearish cryptocurrency market. In Square’s Q3 shareholder letter the company reports $43 million in Bitcoin revenues, contributing $560 thousand to quarterly net profit.
Bitcoin (BTC), Cryptocurrency–Despite the crypto markets entering the final months of 2018 in an ongoing bear cycle, cryptocurrency and financial services company Square has revealed that Q3 revenue was up $6 million, including a profit of $500,000.
Jack Dorsey’s financial services provider, Square, has reported its first quarterly profit of $20 million. The bitcoin-integrated payments company also beat Wall Street estimates for Q3 earnings and revenue.
French regulators are realigning the taxes imposed on hodlers of Bitcoin and other cryptocurrencies. The French finance commission supported plans yesterday that will see capital gains tax applied to cryptocurrencies brought in line with other capital gains tax, Reuters reports.
The Texas State Securities Board has issued an emergency cease and desist order to an Australia-based cryptocurrency mining company and its affiliates. According to the order, the company represents that investments in its mining contracts are “guaranteed to 200% profit.
The Texas State Securities Board has issued an emergency cease and desist order to an Australia-based cryptocurrency mining company and its affiliates. According to the order, the company represents that investments in its mining contracts are “guaranteed to 200% profit.
Huobi Global released its third-quarter earnings report on Nov. 5th for its mining subsidiary, Huobi Pool, which managed to defy the current bear market and record a 287-percent jump in its profits in Q3.
The People's Bank of China (PBoC), China's central bank, has its eyes on cryptocurrency companies that run airdrop campaigns in the country. In its most recent financial stability report for 2018, which was published on Friday, November 3, 2018, the bank said there has been a surge in the number of "disguised" Initial Coin Offerings (ICO), including the free distribution of crypto tokens through airdrops, despite its effort to clamp down on their activities.
The People's Bank of China (PBoC), China's central bank, has its eyes on cryptocurrency companies that run airdrop campaigns in the country. In its most recent financial stability report for 2018, which was published on Friday, November 3, 2018, the bank said there has been a surge in the number of "disguised" Initial Coin Offerings (ICO), including the free distribution of crypto tokens through airdrops, despite its effort to clamp down on their activities.
With the currently depressed cryptocurrency prices yet to recover from January’s massive correction, most crypto investors are struggling to produce a profit this year. Perhaps it is even safe to assume that many digital portfolios have suffered substantial losses similar to the crypto market as a whole.
When he heard about the prospect of a digital asset that had an ‘assured profit’ tag attached, Brenda Gatwiri knew she had to get herself some. Living in Kenya’s capital city, Nairobi, she hadn’t anticipated the headache that purchasing cryptocurrencies would turn out to be.
Founded in 1998, the third largest internet company JD. com has announced it will be launching a blockchain research lab. The retailer is China’s largest internet company and ranked only behind Amazon and Google on the global scale.
In 2009, Bitcoin was ushered in as an alternative to fiat currency, promising to revolutionize the future of peer-to-peer spending. Since then, it has spawned scores of other cryptocurrencies with various value propositions and potential.
When you’re trading digital assets, speed matters — particularly so if you’re engaged in high-frequency trading, when every millisecond counts. Executing orders a fraction of a second ahead of the market can mean the difference between profit and loss.
The law offices of Pomerantz LLP in New York have filed a series of civil suits against MGT Capital Investment and its executive officers on behalf of several of the trading firm’s past or present customers.
In what may be a sign that business in the cryptocurrency space is in a winding down phase, U. K. -based bitcoin exchange Coinfloor is bidding adieu to half of its staff.
Chinese Miner Arrested After Stealing Electricity To Mine BTC Everybody wants the profit but not everybody wants to pay their electricity bills, right? Unfortunately, unless you are a certain Chinese man, you cannot get electricity for free and, even in his case, he ended up being arrested. The protagonist of this odd story is Xu […]
Key takeaways BTC slipped below $90k a few hours ago but has rebounded and is now trading above $91k. The leading cryptocurrency could dip towards $85k if the selloff continues. The cryptocurrency market has continued its bearish performance in November as Bitcoin lost 5% of its value in the last 24 hours and temporarily dropped […]
The post Bitcoin price forecast: BTC eyes $85k support level as selloff continues appeared first on CoinJournal.
Bitcoin price outlook after BTC breaks below the 50-week moving average. While it’s a buy opportunity, bulls risk seeing another pullback and a revisit of sub-$90k levels. A flip of $95,000 into key support could allow for bullish retests of highs above $104,504.
Key takeaways BTC is down 1% and is now trading below $104,300 per coin. The bearish performance comes after Bitcoin failed to overcome the $107k resistance level. Bitcoin dips below $105k despite strong start to the week Bitcoin, the leading cryptocurrency by market cap, has underperformed over the last 24 hours despite a positive start […]
The post Bitcoin could dip below $104k as momentum fades; Check forecast appeared first on CoinJournal.
Bitcoin’s $100K level turns from milestone to stress point amid fading crypto momentum. Analyst Mike McGlone warns “extreme calm” in crypto and stocks may precede volatility. Bitcoin’s strong link to Wall Street means stock turbulence could trigger crypto swings.
Key takeaways BTC is trading above $103k, up 1. 5% in the last 24 hours. The coin could face further volatility amid weakening institutional demand. Bitcoin reclaims $103k The price of Bitcoin has been trading around $103k over the last few hours after rebounding from the $100k key support level on Wednesday.
Bitcoin Magazine
Bitcoin Price Slumps to $102,000 as Fed Policy, Investor Sentiment Pressure Markets
Bitcoin price slumped to below $102,852 before rebounding as the broader crypto market still tries to gain its footing.
Key takeaways BTC is down 3% in the last 24 hours and is now trading below $108k. The bearish performance comes as momentum in the market continues to weaken. Bitcoin slips below $108k The cryptocurrency market is opening the weekly candle bearish, with Bitcoin and other major cryptocurrencies suffering huge losses in the last 24 […]
The post Bitcoin price forecast: BTC could face further correction as momentum weakens appeared first on CoinJournal.
