$BTC ’s latest bottom, at least for now, happened when its price was still higher than it had been more than 800 days earlier.
But to make this chart easier to understand, we can put it more simply:
In recent years, Bitcoin has been spending less time in price discovery and making new ATHs, while spending much more time in sideways phases.
The result is that Bitcoin’s asymmetric return profile is declining, making it harder for investors to keep their positions consistently in profit.
On the other hand, this also tests the resilience of long-term holders.
So, the next time you buy BTC for the long term, be prepared to hold it for at least 800 days.
Otherwise, if you had entered the market in 2024, for example, even as recently as last month there was still a good chance you would have been close to breakeven or even sitting at a loss.
Being a Bitcoin holder is becoming increasingly difficult and complex for many investors.
But to make this chart easier to understand, we can put it more simply:
In recent years, Bitcoin has been spending less time in price discovery and making new ATHs, while spending much more time in sideways phases.
The result is that Bitcoin’s asymmetric return profile is declining, making it harder for investors to keep their positions consistently in profit.
On the other hand, this also tests the resilience of long-term holders.
So, the next time you buy BTC for the long term, be prepared to hold it for at least 800 days.
Otherwise, if you had entered the market in 2024, for example, even as recently as last month there was still a good chance you would have been close to breakeven or even sitting at a loss.
Being a Bitcoin holder is becoming increasingly difficult and complex for many investors.
