Bitcoin’s long-term holders have traditionally seen positive returns over the years, but according to data collected by Santiment Feed, this is no longer the case. The average active trader who has held Bitcoin for at least five years has seen a return of -34%. Returns first went below 0% on June 9th.
These findings are particularly alarming as they suggest that even those who have stuck with Bitcoin through thick and thin are now in the red. It paints a worrying picture of the current state of the crypto market, which has been struggling to find its footing after a tumultuous 2018.
However, these findings should not be taken as an indication that Bitcoin is doomed. As with any asset, prices can fluctuate and it is possible that Bitcoin will soon make a comeback. What is certain, however, is that those who are considering investing in Bitcoin should take the findings of Santiment Feed into account before making any decisions. It may be wise to closely monitor the price movements of Bitcoin before committing to any long-term investments.
Although the long-term outlook for Bitcoin may be uncertain, it is important to remember that, even in a bear market, there are still opportunities to make money. Experienced traders can take advantage of volatile periods by shorting the market or trading on margin. However, anyone thinking about taking such approaches should ensure they have done their research and understand all the risks associated.
Bitcoin is currently priced at $16,723, and the cryptocurrency continues to remain one of the most popular investments around the world. Despite its periodic downturns, it is still an attractive asset for those who are looking to diversify their portfolios or capitalize on potential growth opportunities. Those who take a measured approach and pay attention to market trends can still make profits in this volatile asset class.
Conclusion
In conclusion, it is clear that investing in Bitcoin can be a risky endeavor. The findings of Santiment Feed indicate that even long-term holders are now faring worse than before and it may be prudent for potential investors to ensure they have done their due diligence before making any decisions. It remains to be seen whether Bitcoin will recover from its current slump, but one thing is certain.
