profitability

98% of All Bitcoin Is Now Worth More Than When You Bought It

Source Node: https://cointelegraph.com/news/98-of-all-bitcoin-is-now-worth-more-than-when-you-bought-it
Time Stamp: August 19, 2020 4:55 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Bitcoin (BTC) has delivered gains to its holders on almost 98% of all days since 2013, new data confirms. According to a dedicated social media-based monitoring resource which tracks profitability, buying Bitcoin has made its holder richer on 97.6% of days.BTC profitability “characteristic of bull runs”Put another way, as on-chain analytics service Glassnode noted in its The Week On-Chain weekly report on Monday, 97.6% of Bitcoin unspent transaction outputs (UTXOs) are in profit.This means that only 2.4% of UTXOs were created — as part of a transaction between wallets — when

Cryptocurrency News Roundup for August 17, 2020

Source Node: https://beincrypto.com/cryptocurrency-news-roundup-for-august-17-2020/
Time Stamp: August 17, 2020 2:30 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

More than nine out of ten bitcoins in supply are currently in the money, meaning they have yielded a higher return-on-investment for their owners over time. And this profitability is not just confined to the alpha-crypto. According to new data from cryptocurrency analytics firm, IntoTheBlock, nearly 95% of all Chainlink (LINK) and 94% of all VeChain (VET) addresses are currently in profit. In fact, barring a few exceptions such as Litecoin (LTC), most of the major wallet-bound altcoins are earning sizeable profits for their holders. More on that and other