Even though over the past few days, Bitcoin has suffered some significant losses, it is worth remembering how well the asset has worked over the years. The latest data suggests that investment in BTC has been profitable 98.2 percent of the days since its launch.
BTC investment benefits
Bitcoin (BTC) was a profitable choice of 98.2% of the days since its creation according to 99bitcoins. Considering 3,830 days ago – until January 4, 2009, one day after hashingHash
(hashing) – a cryptographic term that means changing the input data of different sizes into the original data of a clearly defined size, using a special mathematical algorithm.Details the Genesis blockGenesis Block
– is a cryptocurrency term used to designate the first block in a blockchain. Thanks to the creation of this block, a new cryptocurrency is being born. Details – data show that 3,671 days of them were profitable to invest in Bitcoins (BTC). The remaining 69 loss-making days include almost all days in December 2017, on top of Bitcoin's historical growth, when it rose to $20,000, as well as almost all of January 2018.
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Also, unprofitable days were fixed at the end of last month – between June 25 and 29, 2019 – when the coin was tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details between $11,170 and $12,707.
An analysis of the cryptocurrency market, published by docdroid on June 24, indicates that Bitcoin has entered the so-called "hidden phase" of the resumed recovery.
Buying Bitcoin has been profitable 98.2% of the days since its inception. Recall, as of morning, July 2, the cost of the first cryptocurrency has plummeted to $ 9,808. The coin plummeted sharply, dropping more than $1,000 in just 24 hours.
Editor: Yuliya Soroka