Bitcoin holdings:
88.5% of the day profitable events
Bitcoin’s historical price history confirms that tight caps on total supply and seamless global usability are critical to becoming a store of value.
Out of the 4,593 days that Bitcoin existed as a tradable asset, BTC Hodler was profitable for 4,065 days. This challenges the historical narrative of declining cryptocurrency volatility. As a result, Bitcoin is held
Bitcoin
ticker below
$28,100
Proven to be profitable in the long run.
Bitcoin’s historical price history confirms that tight caps on total supply and seamless global usability are critical to becoming a store of value. Data from Blockchain.com shows Bitcoiners making a profit of 88.50% of him compared to the current market price at the time of writing.
As shown above, only 531 or 11.56% of the 4,593 days were unprofitable for long-term owners. A loss date is between December 28, 2022 and June 12, 2022, when the price of Bitcoin was above the range of $26,246.58 to $28,344.5.
This revelation highlights the importance of understanding Bitcoin market cycles and why investors should avoid buying high and selling low. However, some traders prefer to trade daily on cryptocurrency exchanges and make much smaller but consistent profits. In a recent publication, Cointelegraph detailed different types of cryptocurrency investors and categorized them based on their investment mindset. As mentioned earlier, there are four main categories of crypto wallet owner mindset.
Maximalist, Hodler, Former, Trader. Read on to find out who you are.
In the Bitcoin ATM ecosystem, manufacturer General Bytes shut down its cloud service after discovering a “vulnerability” that allowed attackers to access users’ hot wallets and obtain sensitive information.
On March 17-18th, 2023, GENERAL BYTES experienced a security incident.
We released a statement urging customers to take immediate action to protect their personal information.
We urge all our customers to take immediate action to protect their funds and https://t.co/fajc61lcwR…
— GENERAL BYTES (@generalbytes) March 18, 2023
“We have conducted multiple security audits since 2021, none of which have identified this vulnerability,” Karel Kyovsky, founder of General Byes, concluded in the announcement. increase.
