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Bitcoin Profitable Days

Source: lookintobitcoin.com

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Indicator Overview
Number of days in Bitcoin's traded history where holding Bitcoin has been profitable relative to today's price.

This chart highlights the aggressive growth of Bitcoin's adoption curve over time, which is reflected in its price. Because supply is limited, as demand grows price moves up.

For investors, it also demonstrates the importance of understanding the market cycles of Bitcoin to avoid buying market cycle tops. The drawdowns from cycle tops can last a long time, around 2-3 years in previous cycles.

Created By

@Rhythmtrader

Date Created

August 2019

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