Over 50% of Bitcoin addresses still in profit
- Thread starter The_Krakenite
- Start date
huh?
fake news
that post doesnt even talk about that , and i doubt its true
fake news
that post doesnt even talk about that , and i doubt its true
There is no way to know what percent of bitcoin wallets are profitable. It's not technically possible.
i say less than 25% and maybe a lot less are in profit at 20k
WE minted lots of bagholders
WE minted lots of bagholders
That does not say they are profitable. Nor does it correlate with a measure of profit. Read it very carefully. They are simply looking at the blockchain to see when coins entered a wallet and then taking the dollar value at that time.
no idea how they are measuring that but suspect an address does not equal a single user.
many early crypto buyers might have 10,000 addresses
many late buyers dont even show up , as they are batch bagheld at scam companies like coinbase
I say 10% are in profit here. not 50
and your shitcoins ???? 5% are in profit . maybe. could be 2%
crypto is a disaster for everyone except a lucky few and the con men
many early crypto buyers might have 10,000 addresses
many late buyers dont even show up , as they are batch bagheld at scam companies like coinbase
I say 10% are in profit here. not 50
and your shitcoins ???? 5% are in profit . maybe. could be 2%
crypto is a disaster for everyone except a lucky few and the con men
FreeGoldRush is right, there is simply no way to tell. Here is how it works:
1. I bought BTC at 60K.
2. A few days ago I transferred that BTC to a new address when price was at 18K.
3. Current price is 20.5K, so that analysis would show I am in slight profits, when I am actually down 66%.
The other thing is, just because let's say half of the addresses are in 10-20% profits, that doesn't mean the other half isn't down by 50%. And that is just by addresses.
By value, you still can't tell. A whale could be in one huge, gazillion profits while 100K users down by 30-50% in small accounts.
No way to tell....Here is what we can tell: Most people lost money in crypto. Simply numbers thingy... The whole crypto system is a negative sum game, because of mining, transferring and trading costs.
1. I bought BTC at 60K.
2. A few days ago I transferred that BTC to a new address when price was at 18K.
3. Current price is 20.5K, so that analysis would show I am in slight profits, when I am actually down 66%.
The other thing is, just because let's say half of the addresses are in 10-20% profits, that doesn't mean the other half isn't down by 50%. And that is just by addresses.
By value, you still can't tell. A whale could be in one huge, gazillion profits while 100K users down by 30-50% in small accounts.
No way to tell....Here is what we can tell: Most people lost money in crypto. Simply numbers thingy... The whole crypto system is a negative sum game, because of mining, transferring and trading costs.
From https://www.fool.com/the-ascent/research/study-americans-cryptocurrency/#:~:text=74% of Americans who own,in the last two years.
74% of Americans who own cryptocurrency bought for the first time within the last 2 years. Seventy-four percent of cryptocurrency investors, roughly 107 million Americans, bought for the first time in the last two years.
Since BitCoin is down for the past 2 years, please explain to me how it is possible for 50% of the owners to be profitable.
74% of Americans who own cryptocurrency bought for the first time within the last 2 years. Seventy-four percent of cryptocurrency investors, roughly 107 million Americans, bought for the first time in the last two years.
Since BitCoin is down for the past 2 years, please explain to me how it is possible for 50% of the owners to be profitable.
