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October 5, 2022
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Bitcoin

Understand why 3 years is the magic number for Bitcoin Holders

Those who bought BTC at the historic highs of 2014 and 2017, in 3 years, had already recovered and, today, the Bitcoin Holder is in profit.

A quick look at Bitcoin’s long chart zooms in on the possible moments of loss for those who speculate on the cryptocurrency in the market.

We’re talking about the terror of Trade: “Buy High and Sell Low”.

Therefore, Webitcoin did a study considering the 2 worst buy scenarios in the history of Bitcoin, the tops of 2014 and 2017.

Bitcoin Holder in 3 Years

The chart above shows each bar with a weekly period and takes the BTC/USD reference from Bitstamp, the one with the longest data history in the br.tradingview.

The red arrows point to the tops of late 2014 and 2017. These are historical highs by period. The study involves answering the following question:

If I had bought Bitcoin at the worst time (all-time high) how long would it have taken the price to recover after the drop?

See in the horizontal bars that the graphic feature gives us exactly how many days it took for the Bitcoin price (related to the dollar) to return to the same as the purchase period.

Buying at the end of 2014, the bar indicates that it took 1134 days to recover and buying at the end of 2017 it took 1071 days to recover. To see this value in years, just divide these numbers by 365 days and there we have:

Delayed 3.10 years for the price to go back to whoever bought it at top of 2014 and who bought in top of 2017 delayed 2.93 years.

Hodl worth it?

The conclusion is that, even buying in the worst case scenario, Bitcoin, so far, takes on average 3 years to return to the original price and which, in the long run, still presents a very interesting profit:

Who bought on top of 2014 and was Holder until today, bought at $1163. At the time of writing this article, Bitcoin is worth $43,203.00, that is, had a rise of +3614.7%.

already who bought on top of 2017, a little over 4 years ago, at $19,666.00 compared to today’s price, had a high of +119.7%.

Not only for these encouraging numbers, but for the fundamentals of the first cryptocurrency, for having a real shortage and for solving a real problem in the world financial system, so, so far the answer is YES, Bitcoin Holder is worth it.

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