Tom Lee Reminds Us of Bitcoin’s ‘Ten Best Days’ Rule
Hold this while I get my “Just HODL” meme.
“In any given year, the vast majority of gains in Bitcoin price come in just the ten biggest trading days, according to this rule. During the last bull market of 2017, price rose an incredible 1,136% in those ten days. But even during the bear market of 2018, the best ten days saw an overall gain of 66%.
However, exclusion of these days tells a very different story. In most years since 2013, those 355/6 days have seen mainly quite considerable losses.
Whilst 2017 did see gains of impressive 232%, 2018 suffered a loss of 140%. Similarly, 2013 and 2014 have seen losses of 199% and 133% respectively.
In fact, since 2013, excluding those ten best days, Bitcoin has seen annual losses averaging 25%.”