Sounds like a made up stat, but it's not, though you need some context

It's been profitable to buy bitcoin on 95.9% of the days going back to 4/28/2013.

What I mean by that is that if you bought bitcoin at any time period from that day until today, you'd have a 95.9% chance of being up on your investment currently.

Pretty neat when you think about it like that:

(Source: https://twitter.com/CalendarProfit/status/1299799003111059457/photo/1)

The rub of it is that the vast majority of bitcoin investors got into bitcoin in 2016 or later, and if you only include that time frame the odds of being up on your money falls to something like 60%, still good but not 95.9% good.

It's all about context.

Hopefully a few years from now we can see much higher numbers and reading like the one above that say 100% of bitcoin investors are in profit.

Posted Using LeoFinance