Bitcoin profitable days shows that in the long run holding is usually a solid strategy


19 Sep 2023 9:04 PM

Bitcoin (BTC) is trading with a bullish bias, pulling north after a recent slump in the market fueled by disappointment about the US Securities and Ex...

  • Traders who bought Bitcoin during Q2 2022 and Q1 2023 are still in profit.
  • Long-term holding of Bitcoin has proven to be a solid strategy.
  • The price of Bitcoin is currently above the equilibrium level of $23,978.
  • The MicroStrategy Saylor BTCUSD index supports the outlook of long-term profitability.
  • Larger holders of Bitcoin have a tight grip on the market, while smaller traders are more susceptible to market changes.
  • The lack of parity between Bitcoin price action and daily active addresses suggests that whales continue to buy over the counter (OTC) rather than on exchanges.

The sentiment of the article is positive, highlighting the profitability of Bitcoin for traders who bought during specific periods and emphasizing the benefits of long-term holding.

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You May Ask

Who remains in profit from buying Bitcoin during Q2 2022 and Q1 2023?What is the equilibrium level for Bitcoin's price?What does the MicroStrategy Saylor BTCUSD index indicate?How do larger holders of Bitcoin differ from smaller traders in their approach to market changes?Why is there a lack of parity between Bitcoin price action and daily active addresses?

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