Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: DearMary on March 02, 2024, 04:39:41 PM

Title: Over 97% of Bitcoin addresses are currently profitable
Post by: DearMary on March 02, 2024, 04:39:41 PM
According to IntoTheBlock data, more than 97% of Bitcoin addresses are currently profitable, setting the highest profitability level since November 2021. Long-term investors who have held Bitcoin for more than a year own 13.6 million Bitcoins. It's enviable.
Title: Re: Over 97% of Bitcoin addresses are currently profitable
Post by: Faisal2202 on March 02, 2024, 05:45:58 PM
According to IntoTheBlock data, more than 97% of Bitcoin addresses are currently profitable, setting the highest profitability level since November 2021. Long-term investors who have held Bitcoin for more than a year own 13.6 million Bitcoins. It's enviable.
You should provide the source link instead of just mentioning the name but still, the info is so obvious so I think there is no need for the source link. But still, this fact is a little obvious and a little doubtful too. Because in every cycle many new users join the crypto market and they make mistakes and make losses. But one thing is for sure that, total number of people are increased in compared to the last bull run.

Therefore the holding amount and profit is increasing both. And these numbers will increase with time, you will see in the next bull run the profits and the holdings numbers will be much more then they are now. But as I aforementioned, this fact is still doubtful.
Title: Re: Over 97% of Bitcoin addresses are currently profitable
Post by: sampoerna on March 02, 2024, 11:19:01 PM
Even those who just invested a few weeks ago will certainly have the same wallet condition. namely having an increasing value from the Bitcoin investment. Because the price of Bitcoin has indeed increased drastically and this has become a trigger for other altcoins. So every time we open our wallet we will often see green on each side. And there is no doubt about this because we may soon be facing a real bullish era.
Title: Re: Over 97% of Bitcoin addresses are currently profitable
Post by: I-Bit on March 02, 2024, 11:29:02 PM
Even those who just invested a few weeks ago will certainly have the same wallet condition. namely having an increasing value from the Bitcoin investment. Because the price of Bitcoin has indeed increased drastically and this has become a trigger for other altcoins. So every time we open our wallet we will often see green on each side.
You're right. People who bought Bitcoin and hold it on their wallets few weeks ago, must see the increase of the values of their Bitcoin assets now. We are in the bullish season, moreover we are nearing the halving. It is not so surprising if there is a big increase in Bitcoin price. But even if the people already got profits, I'm sure they will keep holding the Bitcoin. We believe we may see $100k, our wallets will experience a big increase.

Title: Re: Over 97% of Bitcoin addresses are currently profitable
Post by: Primo1760 on March 02, 2024, 11:32:39 PM
According to IntoTheBlock data, more than 97% of Bitcoin addresses are currently profitable, setting the highest profitability level since November 2021. Long-term investors who have held Bitcoin for more than a year own 13.6 million Bitcoins. It's enviable.
No one is at a loss now that the Bitcoin market is booming. Now everyone is in profit not only in profit but there are many investors where they are in maximum profit. From 2021 to 2022 when the market bottomed out, those who invested for a short period of time have seen a lot of success today. Those who are very profitable right now will be even more profitable when the bull market begins. We have understood from here that no one loses by investing, even if there is a temporary loss, it does not take much time to recover.
Title: Re: Over 97% of Bitcoin addresses are currently profitable
Post by: pawel7777 on March 02, 2024, 11:32:46 PM
According to IntoTheBlock data, more than 97% of Bitcoin addresses are currently profitable, setting the highest profitability level since November 2021. Long-term investors who have held Bitcoin for more than a year own 13.6 million Bitcoins. It's enviable.

Link to the source would be useful.
I don't think it's possible to know the exact purchase price by the blockchain data alone, as btc/fiat transactions happen off-chain, and there's no way of showing if the transfer from one address to another was related to buy/sell transaction or to something else.
Title: Re: Over 97% of Bitcoin addresses are currently profitable
Post by: Dr.Bitcoin_Strange on March 02, 2024, 11:44:54 PM
Yeah, there is no doubt about this. So many Bitcoin wallets have already had double of what their capital was before the recent surge in price of Bitcoin. Old investors would be damn happy now and also wish for the price of Bitcoin to keep surging high. I also have the same wish because I want my portfolio to be more profitable. 
Title: Re: Over 97% of Bitcoin addresses are currently profitable
Post by: Cryptsafe on March 02, 2024, 11:54:12 PM
I have no doubt because last bull market many were trapped even a nation got stocked up and the president became a laughing stock at some point Since the markets did not recovered, many were hoping till this very moment that they could wait until the next bull run for there to be recovery usual
Title: Re: Over 97% of Bitcoin addresses are currently profitable
Post by: vegasus on March 03, 2024, 11:25:48 PM
According to IntoTheBlock data, more than 97% of Bitcoin addresses are currently profitable, setting the highest profitability level since November 2021. Long-term investors who have held Bitcoin for more than a year own 13.6 million Bitcoins. It's enviable.
No one is at a loss now that the Bitcoin market is booming. Now everyone is in profit not only in profit but there are many investors where they are in maximum profit. From 2021 to 2022 when the market bottomed out, those who invested for a short period of time have seen a lot of success today. Those who are very profitable right now will be even more profitable when the bull market begins. We have understood from here that no one loses by investing, even if there is a temporary loss, it does not take much time to recover.
That's it. All investors who invested from the bearish era until now will definitely get profits until now. Even though the profits have already been taken or they are only in value. Because I'm not quite sure if people will really take profits at this time. because the chance for BTC prices to rise is still very long. So, yes, everything will definitely increase BTC profits. No doubt.
Title: Re: Over 97% of Bitcoin addresses are currently profitable
Post by: pacar_tiri on March 03, 2024, 11:49:46 PM
I have no doubt because last bull market many were trapped even a nation got stocked up and the president became a laughing stock at some point Since the markets did not recovered, many were hoping till this very moment that they could wait until the next bull run for there to be recovery usual
If you look at such terrible conditions, of course by now many of the cryptocurrency assets in Bitcoin should have returned because the price has become expensive again.
As long as they can patiently wait until the price of Bitcoin soars, they will always win because the key to success in Cryptocurrency is patience.
Title: Re: Over 97% of Bitcoin addresses are currently profitable
Post by: kulkhan on March 04, 2024, 12:12:54 AM
Acctually it is very good news for Bitcoin holders. Because most of bitcoin holders are profited even who are invested on bear market All are profited. Who are invested on Bitcoin when Bitcoin price was near about $20k they are profited minimum 3x+.

And i think who will invest even now he will also profitable. Because in Bull session all holder will be profitable.
Title: Re: Over 97% of Bitcoin addresses are currently profitable
Post by: yahoo62278 on March 04, 2024, 12:39:44 AM
According to IntoTheBlock data, more than 97% of Bitcoin addresses are currently profitable, setting the highest profitability level since November 2021. Long-term investors who have held Bitcoin for more than a year own 13.6 million Bitcoins. It's enviable.
It's not too late to be one of those that you envy. Start with a small amount and keep adding to it weekly, monthly, or whenever you have extra money. Bitcoin is the future!!!
Title: Re: Over 97% of Bitcoin addresses are currently profitable
Post by: Yamane_Keto on March 04, 2024, 02:35:03 AM
This data is a reflection of the price. If the price rose to +70,000, each Bitcoin address would have made a profit against USD, and it had already done so against CAD, as the price rose above ATH.
Title: Re: Over 97% of Bitcoin addresses are currently profitable
Post by: Litzki1990 on March 04, 2024, 02:59:32 AM
With the way the Bitcoin market has grown, there is no way not to make a profit by investing. Bitcoin is currently very close to touching the highest price. Those who invested in Bitcoin during the peak price and those who have held Bitcoin until now may have lost some money while the rest of the investors are now making substantial gains. Those who missed this investment opportunity will regret it now. 

When Bitcoin was at $2,000 and $30,000, many posted that it was a good time to invest in Bitcoin, at which point I gave them a positive investment signal. In every post like this I have commented that there is no fixed time to invest in bitcoins any time to invest in bitcoins. Those who invested at that time now get about three to four times profit.
Title: Re: Over 97% of Bitcoin addresses are currently profitable
Post by: bitterguy28 on March 04, 2024, 04:14:58 AM
According to IntoTheBlock data, more than 97% of Bitcoin addresses are currently profitable, setting the highest profitability level since November 2021. Long-term investors who have held Bitcoin for more than a year own 13.6 million Bitcoins. It's enviable.
But we don't have data for those inactive account or those account that have had gone forever because of Passkey losing?and those holder that already passed .

but all in all seeing this 97% meaning almost everyb bitcoin holder from 2021 are gaining now not talking about who started buying recently.
This data is a reflection of the price. If the price rose to +70,000, each Bitcoin address would have made a profit against USD, and it had already done so against CAD, as the price rose above ATH.
well Price did not rose above ATH at least for now , yet everyone is making money.
Title: Re: Over 97% of Bitcoin addresses are currently profitable
Post by: gunhell16 on March 04, 2024, 04:15:41 AM
Actually, all the bitcoin holders who will sell today are really profitable; it has been seen that, until now, its price value is still rallying in the market. That's why not everyone who has bitcoins is selling them because they have a target price for when they will sell them.

And I even think that many people will sell their bitcoin holdings when they reach $100,000 each. That is what most holders in this field of the bitcoin business industry are targeting.
Title: Re: Over 97% of Bitcoin addresses are currently profitable
Post by: 0t3p0t on March 04, 2024, 09:22:18 AM
According to IntoTheBlock data, more than 97% of Bitcoin addresses are currently profitable, setting the highest profitability level since November 2021. Long-term investors who have held Bitcoin for more than a year own 13.6 million Bitcoins. It's enviable.
It's not too late to be one of those that you envy. Start with a small amount and keep adding to it weekly, monthly, or whenever you have extra money. Bitcoin is the future!!!
Yeah totally agree. Been doing this since January through my signature campaign weekly rewards that I just hodl and it goes very well. Serves as a DCA and it already has decent profit on it. Planning to take profit at $85k-$100k Bitcoin's price. 😁
Title: Re: Over 97% of Bitcoin addresses are currently profitable
Post by: ABCbits on March 04, 2024, 11:44:54 AM
According to IntoTheBlock data, more than 97% of Bitcoin addresses are currently profitable, setting the highest profitability level since November 2021. Long-term investors who have held Bitcoin for more than a year own 13.6 million Bitcoins. It's enviable.
You should provide the source link instead of just mentioning the name but still, the info is so obvious so I think there is no need for the source link.

It looks like OP copied the text from https://www.bitget.com/news/detail/12560603918805 (https://www.bitget.com/news/detail/12560603918805) which doesn't explain much. Meanwhile same news on CoinDesk bothered to include this image,

(https://www.coindesk.com/resizer/Axsc0cJA38t5xA22d-wgkmuF6b4=/811x385/filters:quality(80):format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/KPTNLN7OCVFTHN7O32X7DCXE4A.png)
Source: https://www.coindesk.com/markets/2024/03/04/bitcoin-rally-leaves-more-than-97-of-addresses-in-profit-blockchain-data-show/ (https://www.coindesk.com/markets/2024/03/04/bitcoin-rally-leaves-more-than-97-of-addresses-in-profit-blockchain-data-show/)

I'd guess they estimate whether address in profit or loss looking at Bitcoin price when the Bitcoin was sent to certain address.
Title: Re: Over 97% of Bitcoin addresses are currently profitable
Post by: DabsPoorVersion on March 04, 2024, 01:36:14 PM
According to IntoTheBlock data, more than 97% of Bitcoin addresses are currently profitable, setting the highest profitability level since November 2021. Long-term investors who have held Bitcoin for more than a year own 13.6 million Bitcoins. It's enviable.
It's not too late to be one of those that you envy. Start with a small amount and keep adding to it weekly, monthly, or whenever you have extra money. Bitcoin is the future!!!
Yeah totally agree. Been doing this since January through my signature campaign weekly rewards that I just hodl and it goes very well. Serves as a DCA and it already has decent profit on it. Planning to take profit at $85k-$100k Bitcoin's price. 😁
A wise move you have there. I am also doing the same thing and avoiding spending the rewards received from campaigns, aside from that, I do invest in Bitcoin and other altcoins regularly. I prefer diversifying my investments to ensure I don't miss out on any potential opportunities. The plan is to hold onto them as I have bought them early and sell my holdings before the end of the bull run so that I won't have any regrets.
Title: Re: Over 97% of Bitcoin addresses are currently profitable
Post by: bayu7adi on March 04, 2024, 02:59:49 PM
It looks very reasonable, because the BTC price is currently really in the green and is still showing a quite promising bullrun because the halving has not yet occurred. Every BTC holder will benefit when exchanging it for FIAT. In fact, I am sure that this rally will continue until next month, at least until the BTC halving approaches, many people do not want to sell Bitcoin at a cheaper price. This is a moment that has been awaited for 4 years.
Title: Re: Over 97% of Bitcoin addresses are currently profitable
Post by: tranthidung on March 04, 2024, 03:09:53 PM
According to IntoTheBlock data, more than 97% of Bitcoin addresses are currently profitable, setting the highest profitability level since November 2021. Long-term investors who have held Bitcoin for more than a year own 13.6 million Bitcoins. It's enviable.
You can visit Lookintobitcoin.com (https://www.lookintobitcoin.com/charts/) and get the chart.
(https://i.ibb.co/KNvNKYX/BTCProfitable-Days.png)

(https://pbs.twimg.com/media/GHxflkcWUAAXZSz?format=jpg&name=900x900) (https://twitter.com/BTC_Archive/status/1764390403262804327)
Title: Re: Over 97% of Bitcoin addresses are currently profitable
Post by: Gurujebs on March 04, 2024, 03:26:09 PM
It looks very reasonable, because the BTC price is currently really in the green and is still showing a quite promising bullrun because the halving has not yet occurred. Every BTC holder will benefit when exchanging it for FIAT. In fact, I am sure that this rally will continue until next month, at least until the BTC halving approaches, many people do not want to sell Bitcoin at a cheaper price. This is a moment that has been awaited for 4 years.

We are only $4k away from breaking the previous all time high, I think the institutional investors are trying to change the historical growth of Bitcoin. We don't approach the growth like this but seeing how sharp the market is right now, everyone who has bought Bitcoin in the last bullrun and didn't sell are either in profits or are now break even, that's for those that bought at the top.

My only fear about this is that despite this growth, we are not looking at the after effect of this pump. The institutional investors are responsible for this ride which is beneficial for everyone that has invested in Bitcoin but we have forgotten that Bitcoin is now going to the hands of institutional investors. Blackrock for example now hold billions worth of Bitcoin, this is not what Satoshi vision bitcoin to be in his white paper if we want to be honest with ourselves.
Title: Re: Over 97% of Bitcoin addresses are currently profitable
Post by: Cryptsafe on March 05, 2024, 01:32:57 AM
I have no doubt because last bull market many were trapped even a nation got stocked up and the president became a laughing stock at some point Since the markets did not recovered, many were hoping till this very moment that they could wait until the next bull run for there to be recovery usual
If you look at such terrible conditions, of course by now many of the cryptocurrency assets in Bitcoin should have returned because the price has become expensive again.
As long as they can patiently wait until the price of Bitcoin soars, they will always win because the key to success in Cryptocurrency is patience.

In truth, patience is the key. Regardless of the market conditions, bull or bear, if you are in for a long-term investment, you must be able to exercise patience  and stick to it, as it takes time to get to the expected time of maturity. One must always have an expected target if they want to hodl for a long period, if they must enjoy their investment, then they should be ready to hold for a long time with patience.
Title: Re: Over 97% of Bitcoin addresses are currently profitable
Post by: Learn Bitcoin on March 05, 2024, 03:40:14 PM
According to IntoTheBlock data, more than 97% of Bitcoin addresses are currently profitable, setting the highest profitability level since November 2021. Long-term investors who have held Bitcoin for more than a year own 13.6 million Bitcoins. It's enviable.

I guess it's low at this moment. 99% of the Bitcoin address should be in profit at this moment, considering we are heading into the bull run and we are almost at a new all-time high at this moment. I don't think too many people bought Bitcoin at 69K price back in 2021. The number of addresses should not be more than 1%. Or maybe it's possible that a lot of people bought bitcoin at 69K price range and then they were forced to sell because of the bear run.
Title: Re: Over 97% of Bitcoin addresses are currently profitable
Post by: Gurujebs on March 05, 2024, 04:12:12 PM
In truth, patience is the key. Regardless of the market conditions, bull or bear, if you are in for a long-term investment, you must be able to exercise patience  and stick to it, as it takes time to get to the expected time of maturity. One must always have an expected target if they want to hodl for a long period, if they must enjoy their investment, then they should be ready to hold for a long time with patience.

Many investors are not patient and because many of them are new to crypto, they are quick to sell anytime they see the market crash but what they don't know is that anything that goes up will comes down(market correction) and what goes down will go up by virtual forces of demand and supply, that's how the Bitcoin market work but not everyone understands this simple concept of the market.

Another point is that the Bitcoin Market growth is not linear, it's will continue a up and down movement until it doesn't come down to where people bought again. It will continue like that until it reach a high value where you will say that you have had enough profits but this can only be achieved with patience.
Title: Re: Over 97% of Bitcoin addresses are currently profitable
Post by: MrSpasybo on March 05, 2024, 06:10:26 PM
Many investors are not patient and because many of them are new to crypto, they are quick to sell anytime they see the market crash but what they don't know is that anything that goes up will comes down(market correction) and what goes down will go up by virtual forces of demand and supply, that's how the Bitcoin market work but not everyone understands this simple concept of the market.

Another point is that the Bitcoin Market growth is not linear, it's will continue a up and down movement until it doesn't come down to where people bought again. It will continue like that until it reach a high value where you will say that you have had enough profits but this can only be achieved with patience.
Well, this is a feature, not a problem in financial markets.

We cannot expect that everyone will make the right and profitable decisions because money is limited and does not come from the wishes of investors. A large portion of investors will lose money and generate large profits for the remaining few. That's how this market has operated for hundreds of years, the crypto market is not exception.

It is understandable that there is a large amount of BTC in profit when we have reached a new ATH, as of now. If the majority of BTC is collected on CEX then we will see this number continue to be extremely high, it also does not suggest a reversal in the BTC price chart, although BTC is currently facing resistance at $69 K and BTC price has dropped to $64K.
Title: Re: Over 97% of Bitcoin addresses are currently profitable
Post by: Don Pedro Dinero on March 05, 2024, 07:04:20 PM
When we beat the ath 100% will be in profit, but even then there will surely be retail investors who will buy for the first time and sell out of fear at the first downturn. What is clear is that the best strategy for the average investor is patience, DCA and long term vision. It ends up being very profitable in the end.
Title: Re: Over 97% of Bitcoin addresses are currently profitable
Post by: Gideon99 on March 05, 2024, 11:00:25 PM
According to IntoTheBlock data, more than 97% of Bitcoin addresses are currently profitable, setting the highest profitability level since November 2021. Long-term investors who have held Bitcoin for more than a year own 13.6 million Bitcoins. It's enviable.

No doubt it's incredible statistic, most people who have invested in Bitcoin have made massive profit. However, it's very important to know the past performances is not the indicative of the future results. Just because Bitcoin is bumping and doing more better doesn't mean it will so in the future, it can fall anytime and raise again. Before involving if Bitcoin investment so your research and understand the risk involved. This will help you get more knowledge about it to help you grow more on your crypto journey.
Title: Re: Over 97% of Bitcoin addresses are currently profitable
Post by: Dr.Bitcoin_Strange on March 05, 2024, 11:17:49 PM
According to IntoTheBlock data, more than 97% of Bitcoin addresses are currently profitable, setting the highest profitability level since November 2021. Long-term investors who have held Bitcoin for more than a year own 13.6 million Bitcoins. It's enviable.

No doubt it's incredible statistic, most people who have invested in Bitcoin have made massive profit. However, it's very important to know the past performances is not the indicative of the future results. Just because Bitcoin is bumping and doing more better doesn't mean it will so in the future, it can fall anytime and raise again. Before involving if Bitcoin investment so your research and understand the risk involved. This will help you get more knowledge about it to help you grow more on your crypto journey.

Bitcoin has two market phase which is the bear and the bull market. An investor who properly learn about Bitcoin and gain a concrete knowledge about Bitcoin will not make any mistake while investing. From history, Bitcoin price usually pumps when it is only bull season and it is during every Bitcoin halving. It has been happening like that, so I still believe that even in the future, Bitcoin price will always see huge pumps during bull season.
Title: Re: Over 97% of Bitcoin addresses are currently profitable
Post by: Gladitorcomeback on March 06, 2024, 03:04:15 AM
According to IntoTheBlock data, more than 97% of Bitcoin addresses are currently profitable, setting the highest profitability level since November 2021. Long-term investors who have held Bitcoin for more than a year own 13.6 million Bitcoins. It's enviable.

For a moment today, 100% of Bitcoin addresses were profitable when Bitcoin hit $69k marking a new all-time high in the history of Bitcoin, and soon after that, it dropped below $64k. However, for a moment there, even people who bought Bitcoin during the all-time high in the previous were profitable if they had held on to their assets until now.

This is not the first time when Bitcoin has proved that people that have patience and those who keep holding their Bitcoins will eventually get some profit from their investment.
Title: Re: Over 97% of Bitcoin addresses are currently profitable
Post by: Wiseman on March 06, 2024, 07:24:22 AM
According to IntoTheBlock data, more than 97% of Bitcoin addresses are currently profitable, setting the highest profitability level since November 2021. Long-term investors who have held Bitcoin for more than a year own 13.6 million Bitcoins. It's enviable.

You should not be envious, you should do the analysis and make you envy, I understand that it is not easy, but for the beginning it is the best, even if you do not have a lot of money, if you learn to do the right analysis, you can become a good trader and start to earn good money and then you can become an investor.
Title: Re: Over 97% of Bitcoin addresses are currently profitable
Post by: NikeFit_7777 on March 06, 2024, 07:33:56 AM
Nothing wrong with that, those who held out (and didn't sell in advance) were rewarded as always. I don't know how exactly to react. And the fact that people invest in stocks = when they grow, they are in a good profit, is that nothing? Then I guess there's nothing to be surprised about either. It is much more frustrating to watch the market and be out of position and at least not be on the list of the % of people who have made gains.

P.S. According to data from coinmarketcap - the market is now maximally overheated. Be extremely careful with positions and tc.

If behind this indicator, you can follow the link: https://coinmarketcap.com/charts
Title: Re: Over 97% of Bitcoin addresses are currently profitable
Post by: Cryptsafe on March 06, 2024, 05:26:58 PM
I have no doubt because last bull market many were trapped even a nation got stocked up and the president became a laughing stock at some point Since the markets did not recovered, many were hoping till this very moment that they could wait until the next bull run for there to be recovery usual
If you look at such terrible conditions, of course by now many of the cryptocurrency assets in Bitcoin should have returned because the price has become expensive again.
As long as they can patiently wait until the price of Bitcoin soars, they will always win because the key to success in Cryptocurrency is patience.


You are right. It takes patience in the Crypto space for an investor to get back their investment and profit all together.  As a Crypto enthusiast you should know that upon investing your funds in Crypto project, it will take time to gain back your profit because the project would need much time to develop till it is finally recognised and it's utility value begin to function in full force then you can conveniently begin to reap the benefit of your investment either through sales of your coin or token issued to you.
Title: Re: Over 97% of Bitcoin addresses are currently profitable
Post by: legend45 on March 06, 2024, 07:56:59 PM
I have no doubt because last bull market many were trapped even a nation got stocked up and the president became a laughing stock at some point Since the markets did not recovered, many were hoping till this very moment that they could wait until the next bull run for there to be recovery usual
If you look at such terrible conditions, of course by now many of the cryptocurrency assets in Bitcoin should have returned because the price has become expensive again.
As long as they can patiently wait until the price of Bitcoin soars, they will always win because the key to success in Cryptocurrency is patience.


You are right. It takes patience in the Crypto space for an investor to get back their investment and profit all together.  As a Crypto enthusiast you should know that upon investing your funds in Crypto project, it will take time to gain back your profit because the project would need much time to develop till it is finally recognised and it's utility value begin to function in full force then you can conveniently begin to reap the benefit of your investment either through sales of your coin or token issued to you.

Investing in crypto is not immediate when we buy meme coins during the hype. A project takes a long time to become known and attract investors. That's why many projects that previously seemed not so good, now when the price of Bitcoin starts to rise at a fairly high rate, those projects are starting to get expensive.
Title: Re: Over 97% of Bitcoin addresses are currently profitable
Post by: Cryptsafe on March 06, 2024, 09:40:12 PM
I have no doubt because last bull market many were trapped even a nation got stocked up and the president became a laughing stock at some point Since the markets did not recovered, many were hoping till this very moment that they could wait until the next bull run for there to be recovery usual
If you look at such terrible conditions, of course by now many of the cryptocurrency assets in Bitcoin should have returned because the price has become expensive again.
As long as they can patiently wait until the price of Bitcoin soars, they will always win because the key to success in Cryptocurrency is patience.


You are right. It takes patience in the Crypto space for an investor to get back their investment and profit all together.  As a Crypto enthusiast you should know that upon investing your funds in Crypto project, it will take time to gain back your profit because the project would need much time to develop till it is finally recognised and it's utility value begin to function in full force then you can conveniently begin to reap the benefit of your investment either through sales of your coin or token issued to you.

Investing in crypto is not immediate when we buy meme coins during the hype. A project takes a long time to become known and attract investors. That's why many projects that previously seemed not so good, now when the price of Bitcoin starts to rise at a fairly high rate, those projects are starting to get expensive.

If I am not mistaken, do you  mean investing in Crypto does not give profit when we buy coin immediately or what ? because I am a bit confused with your first statement.
It is true that a project takes time to build while it is worked upon by the the team and founder
 Just like it takes time to build a house, so it is in Crypto. There are many stages involved in the process of building a project. So if you must want a good returns on your investment then you must give such project time to develop so that what you envisage would turn to reality.
Title: Re: Over 97% of Bitcoin addresses are currently profitable
Post by: Faisal2202 on March 08, 2024, 08:01:23 PM
It looks like OP copied the text from -cut-
I'd guess they estimate whether address in profit or loss looking at Bitcoin price when the Bitcoin was sent to certain address.
Thanks for providing the source link for me, I was actually trying to urge the OP to add the source link in his/her post, because I saw some newbies to make such statistical statements, without any source link, and that you know makes such an statement invalid until some good proofs. So I thought asking for a source link would force the OP to find and add it here.

But thanks to your for finding as I can also find it but trying to force OP, but still thanks and +1 for your efforts. And yeah, they made an estimate, because there are numerous wallets, that they don't have track of, so how can they say 97% are in profit. I think this is also based on no data, but a mere graphical representation to fulfill the formality. Most of these big news outlets, make such statements. But as I said, considering the current situation of the market, this statement looks so obvious.
Title: Re: Over 97% of Bitcoin addresses are currently profitable
Post by: Fivestar4everMVP on March 08, 2024, 09:18:34 PM
According to IntoTheBlock data, more than 97% of Bitcoin addresses are currently profitable, setting the highest profitability level since November 2021. Long-term investors who have held Bitcoin for more than a year own 13.6 million Bitcoins. It's enviable.

You should not be envious, you should do the analysis and make you envy, I understand that it is not easy, but for the beginning it is the best, even if you do not have a lot of money, if you learn to do the right analysis, you can become a good trader and start to earn good money and then you can become an investor.
Actually, there is nothing wrong in being envious, as long as it's not allowed to becloud our sense of reasoning, being envious can drive us in two ways, and they are positive and negative ways.
When we allow envy to drive us in a positive way, it helps us want to do more for ourselves, so that we can become, or get close to becoming like those we envy.

I myself most of the  time can't help but envy those who discovered and got into bitcoin very early, and are super dollar millionaires and billionaires today, but then, this has being a driving force for me, something that encourages me to work and strive hard, so I could one day become like the ones I envy.

The op did say 97 percent, but the real fact is that, as soon as bitcoin goes into price discovery, which it will soon, 100 percent of all bitcoin wallets, regardless of when they bought or how much they bought, will be in profit.
Title: Re: Over 97% of Bitcoin addresses are currently profitable
Post by: UNIVERSE on March 08, 2024, 11:25:03 PM
According to IntoTheBlock data, more than 97% of Bitcoin addresses are currently profitable, setting the highest profitability level since November 2021. Long-term investors who have held Bitcoin for more than a year own 13.6 million Bitcoins. It's enviable.
This is why many people make long-term investments in BTC. because we really understand that holding BTC will provide high potential to gain profits at a certain level. And basically, the price of BTC will fall when bearish and continue to rise when bullish. So, when we understand the concept and believe in Bitcoin and its development, we no longer need to be suspicious or worried about long-term holding.

The op did say 97 percent, but the real fact is that, as soon as bitcoin goes into price discovery, which it will soon, 100 percent of all bitcoin wallets, regardless of when they bought or how much they bought, will be in profit.
That's it is.
It should be 100%.
Because, if we are holding, then the value and rate of Bitcoin will be the same, right? So, regardless of who is still holding, it will definitely continue to be profitable. Unless you bought it at $70k yesterday and currently the price of BTC has fallen to $68.5k. This means there is indeed a slight decline in prices. But it doesn't mean a loss because it's still holding. This is just a market correction.
Title: Re: Over 97% of Bitcoin addresses are currently profitable
Post by: Dr.Bitcoin_Strange on March 08, 2024, 11:36:08 PM
Investing in crypto is not immediate when we buy meme coins during the hype. A project takes a long time to become known and attract investors. That's why many projects that previously seemed not so good, now when the price of Bitcoin starts to rise at a fairly high rate, those projects are starting to get expensive.

It is already know that so many altcoins, if not all of them, usually follow the trend of the Bitcoin bull to pump. If there was no Bitcoin bull market, I doubt that there would even be any huge pump seen I altcoins. Some Investors too usually experience loses while investing in altcoins too because even with the bull market, not all coins can pump.
Title: Re: Over 97% of Bitcoin addresses are currently profitable
Post by: tranthidung on March 09, 2024, 02:57:55 PM
It is already know that so many altcoins, if not all of them, usually follow the trend of the Bitcoin bull to pump. If there was no Bitcoin bull market, I doubt that there would even be any huge pump seen I altcoins. Some Investors too usually experience loses while investing in altcoins too because even with the bull market, not all coins can pump.
In bull run, people see altcoins pump a lot but they did not know a hidden fact that those altcoins were down a lot from their all time highs in a last bull run, 3 or 4 years ago.

See this screenshot and sit down to think deeply about risk of altcoins. Even they doubled, trippled in prices recent weeks, they are still - 80% or - 90% from their all time highs.

Choose Down from ATH on Coinmarketcap filter to see it.
https://coinmarketcap.com/

(https://i.ibb.co/vxFF4vr/Downfrom-ATH.png)
Title: Re: Over 97% of Bitcoin addresses are currently profitable
Post by: JISAN on March 09, 2024, 03:08:51 PM
According to IntoTheBlock data, more than 97% of Bitcoin addresses are currently profitable, setting the highest profitability level since November 2021. Long-term investors who have held Bitcoin for more than a year own 13.6 million Bitcoins. It's enviable.
It is only natural that the wallets holding Bitcoins will be profitable as the price of Bitcoin has crossed the old all-time high. If it is the case that 97% of wallets are in profit that means 97% of people are holding bitcoins at this point. Bitcoin is a very potential currency and long-term investment is sure to yield profits. Bitcoin is a long term investment coin where one can never make profit if he invests for a short period of time. The price of btc fell to 15k at that time those who bought and held bitcoins are now in HUGE profit, they have multiple profit now.
Title: Re: Over 97% of Bitcoin addresses are currently profitable
Post by: Cryptsafe on March 16, 2024, 05:26:16 PM
According to IntoTheBlock data, more than 97% of Bitcoin addresses are currently profitable, setting the highest profitability level since November 2021. Long-term investors who have held Bitcoin for more than a year own 13.6 million Bitcoins. It's enviable.
It is only natural that the wallets holding Bitcoins will be profitable as the price of Bitcoin has crossed the old all-time high. If it is the case that 97% of wallets are in profit that means 97% of people are holding bitcoins at this point. Bitcoin is a very potential currency and long-term investment is sure to yield profits. Bitcoin is a long term investment coin where one can never make profit if he invests for a short period of time. The price of btc fell to 15k at that time those who bought and held bitcoins are now in HUGE profit, they have multiple profit now.
To be honest, wallets that bought early when price was low are now on profit  and as you have said, 97% of wallet holders should be happy by now, even though btc price dropped, which we all know is likely a price correction. The price touched a new all-time high, so halving is yet to take place, which means that the price would definitely go beyond the price it touched before the correction, and as such, a new all-time high would be achieved in days to come.
Bitcoin is indeed a long term investment for those who sees it so and are ready to take the part of digital investment. Profit is guaranteed if a long term is your plan and have nothing to worry about of your investment capital for a long time as the case maybe.
Title: Re: Over 97% of Bitcoin addresses are currently profitable
Post by: kulkhan on March 17, 2024, 11:59:39 PM
Yes most of wallet are profited. Because now bitcoin price is more then high which price was buying. Most of holders are bought Bitcoin in low price. And we saw recently Bitcoin price hot new ATH. Bitcoin price hit near about $74k. It was highest price in Bitcoin history. Now we are seeing small correction after correction bitcoin price will move and will creat new ATH and new history for Bitcoin. So i think not only 97% i think after few days 100% wallets will profitable there has no doubt.
Title: Re: Over 97% of Bitcoin addresses are currently profitable
Post by: pacar_tiri on March 29, 2024, 11:10:40 PM
It is only natural that the wallets holding Bitcoins will be profitable as the price of Bitcoin has crossed the old all-time high. If it is the case that 97% of wallets are in profit that means 97% of people are holding bitcoins at this point. Bitcoin is a very potential currency and long-term investment is sure to yield profits. Bitcoin is a long term investment coin where one can never make profit if he invests for a short period of time. The price of btc fell to 15k at that time those who bought and held bitcoins are now in HUGE profit, they have multiple profit now.
Exactly, Bitcoin will indeed provide many benefits like that because of the influence of the increasing demand for Bitcoin, while getting Bitcoin is very difficult to do, so it is natural that the price is always increasing.
Title: Re: Over 97% of Bitcoin addresses are currently profitable
Post by: Legion on April 02, 2024, 08:38:49 AM
It is only natural that the wallets holding Bitcoins will be profitable as the price of Bitcoin has crossed the old all-time high. If it is the case that 97% of wallets are in profit that means 97% of people are holding bitcoins at this point. Bitcoin is a very potential currency and long-term investment is sure to yield profits. Bitcoin is a long term investment coin where one can never make profit if he invests for a short period of time. The price of btc fell to 15k at that time those who bought and held bitcoins are now in HUGE profit, they have multiple profit now.
Exactly, Bitcoin will indeed provide many benefits like that because of the influence of the increasing demand for Bitcoin, while getting Bitcoin is very difficult to do, so it is natural that the price is always increasing.
That's right, Bitcoin will provide a lot of profit for those who can store their assets well, because as you can see some time ago the price of Bitcoin collapsed again and made many people panic and sell at a loss.