Bitcoin spends way more time doing nothing, than it does doing something

in bitcoin •  2 days ago 

This is why it's tough to time bitcoin

If you try and time bitcoin, you often miss out.

It spends much more time going sideways and doing nothing than it does making new price moves.

Here's the data:

image.png

(Source: https://x.com/CryptoCon_/status/1886845288536592660/photo/1)

Tom Lee said it best a while back when he said bitcoin makes all it's gains in the best 10 days of the year.

If you miss those 10 days, bitcoin is negative every year, significantly.

Have to catch those big moves!

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