Bitcoin Hodl vs. Trade: Which is more profitable?

Is it profitable to HODL Bitcoin? As the third Bitcoin halving in the history books occurs, the price of the asset reacts with a significant 13% increase.. As a result, the number of profitable days to acquire the primary cryptocurrency has risen to over 93%, according to a data tracking website.

Almost all BTC positions are in profit

Bitcoin halving draws a lot of attention historically. This was no exception. While there are many predictions that the price will drop mainly due to miner-induced selling pressure, BTC has met them all so far and has gained over $1,000 since the halving. On the ground, the number of profitable days for holding BTC has risen to 93.6% since August 2010. This means that Bitcoin is green 3329 out of 3558 days.

Those who HODL Bitcoin do not sell

Another interesting chart examines the behavior of those who HODL Bitcoin. More specifically, it looks at the number of BTC addresses that have not moved their crypto in one or more years.

As the chart above shows, the “one-year HODL wave” is at nearly an all-time high.. While the last recorded data was 58%, in January 2016, months before the second half, it was 61 percent.

BTC daily transfer volume has dropped to a 15-month low, indicating that HODLers prefer to protect their bitcoin. /p>

For related article, see: Bitcoin Guide: What is Bitcoin? How is BTC produced? Where and how to buy BTC? How to get free Bitcoin?

In addition, the chart also correlates price movements with the HODL wave. Beginning in the early days of 2011, when BTC went above $30, the wave percentage dropped, meaning those who HODLed were selling more.. But a few months later, when BTC dropped to $2.50, the HODL wave percentage increased. Same goes for a few different situations.. First, during the late 2013 bull run and the next price dive. Later, a similar outflow was recorded during the 2017/2018 parabolic price surge.. As BTC hits an all-time high of $20,000, the one-year wave of HODL drops to around 40%. As the price fell in the following months, the wave surged above 55%.

Source

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