Cryptocurrency analysts have found that 88.5% of its existence, bitcoin has been bringing profit to users

According to analysts at Blockchain.com, out of 4,593 days of its existence, bitcoin has been profitable for 4065. That is, 88.5% of the time, BTC was profitable, which completely destroys the claims of cryptosceptics about the unreliability of the market flagship.

Editor’s note: not financial advice!

According to a study by experts, in 2022, the most unprofitable days were from December 28 to June 12. At that time, the BTC rate ranged from $ 26,000 to $ 28,000. On June 15, the situation changed — since then, bitcoin has been a profitable digital asset.

«This study emphasizes the importance of understanding bitcoin’s market cycles and why investors should avoid buying on the highs and selling on the lows. However, some traders prefer to trade daily on cryptocurrency exchanges to make much smaller but stable profits ,» Cointelegraph analysts summarized the data from Blockchain.com.

As for the state of affairs BTC $61,867.65 Bitcoin -2.51% Market capitalization $1.22 trillion VOL. 24 hours $2.42 billion now, the token continues to bring profits to its holders, reaching a nine-month high. Yesterday, bitcoin set a historical record at $ 28,500. The last time BTC traded at this level was in June 2022. Investors usually view BTC as a risky asset due to the high level of cryptocurrency volatility. However, traditional investors are now interested in bitcoin amid fears of further turmoil in the banking sector.