The new DEFI platform enters the market! Earn passively - token sale 0.25 $ I'm going in!

Bitcoin HODL strategy was almost always profitable

By
Tokeneo
-
2 min reading

After the third halving in the history of Bitcoin, its price has reacted by 13% increase. According to the data monitoring website, as many as 93% of the days brought profit for those clinging to the HODL strategy.

bitcoin hodl profitable

93% days of Bitcoin HODLing was profitable

Historically, Bitcoin's halving is an event that attracts a lot of attention. The last, third halving was no exception. Although it was said that the price would fall due to pressure from miners, BTC has gained $1,000 since halving.

According to a popular lookingintobitcoin.com monitoring source, since August 2010 as many as 3329 of the 3558 days were green on the chart, which is 93.6%.

Bitcoin Profitable Days. Source: LookIntoBitcoin  HODLers do not sell

Other data show the number of so called HODLers, i.e. addresses where the cryptocurrency was not moved a year or more.1-Year+ HODLing Wave. Source: www.lookintobitcoin.com 

As you can see on the above graph, the so-called "one-year HODL's wave" is practically always at its ATH. The last data was 58%, while a few months before the second halving in January 2016, this percentage was 61.

Additionally, the chart also shows price movements with the HODL wave. Starting in 2011, when Bitcoin reached a peak of over $30, the percentage of the wave fell, meaning that HODLers were selling more. However, a few months later, when BTC reached its lowest $2.50, the percentage of the HODL wave increased.

The same applies to several other characteristic cases. First of all, it happened during the bull run in late 2013 and the subsequent price dive. Then a similar response was recorded during the parabolic price increase in 2017/2018. When BTC reached its highest ever level of $20,000, the annual HODL wave dropped to about 40%. When the price fell in the following months, the wave returned to a level above 55%.

Currency Exchange rate Buy cryptocurrency

The new DEFI platform enters the market! Earn passively - token sale 0.25 $

Dear customer,

We use cookies to provide our services correctly and safely. Cookies are small text-based data sets that shall be saved on the device you are using in connection with the use of this instnat website. Cookies are created in order to ensure proper functioning of thes instant website. By clicking the button "I accept and go to the website", you implicitly agree to creation of the cookies on your computer and to deploy automatic tracking and data collection and processing on behalf of the Lushup Holdings FZ LEE. Click the above-captioned button is also tantamount to accepting website's privacy policy. Closing the notification by means of "X" is unequivocally connected with your consent. If you do not agree to any of the above, please discontinue using our Website.

“Cookies” shall make an identification of the software used by you and to customization of this instant website to your needs. Cookies contain the name of the domain from which they origin, duration of period of their storage on your computer and an assigned value.

Third party cookies:
We also use third-party cookies for the following purposes:

  • creating statistics - helping to understand the way Users use the Website, which allows to improve its structure and content with use of the analytical tools
  • defining a user profile - in order to display custom-tailored content in advertising networks.

External entities that might be source of any third-party cookies on this instant Website are as follows:

Using a settings of your web browser or by using pre-set configuration tools available in our service you can independently and at any time change the settings concerning your use of the “cookies”, specifying the conditionsof their storage and how your device is creating and downloading them. These settings can be changed to block the automatic handling of cookies in the settings of your web browser or inform about their placement on your device each time.

Detailed information about the options related to use of “cookies” is available in the settings of your software (web browser).

Service privacy policy

This instant document lays out the principles of the Privacy Policy on the tokeneo.com/news/pl website (hereinafter referred to as the "Website" or "Service"). The administrator of the Website is Lushup Holdings FZ LEE, Fujairah - Creative Tower, P.O.Box 4422 Fujairah, United Arabs Emirates.

The full document to read the Tokeneo privacy policy is available in this document.

Advanced settings can be changed in your browser.