Bitcoin, often referred to as digital Gold, it is often controversial. While the Investment opportunity of the century, shaking the other only with the head, and to write to the current success of Bitcoin is a bubble. Just as varied as the opinions about the new system are, as different the Bitcoin exchange rate can be. The largest Cryptocurrency is considered very volatile, the price often fluctuates greatly. This is exactly why the majority of Bitcoin see it as a very uncertain system, in contrast to its physical counterpart, Gold. However, a recently published study draws a different picture.
Contents
Bitcoin investors to 79% in Plus: the positive Signal for the largest crypto-currency
The study was published of “Into the Block” and shows that the majority of the addresses that hold Bitcoin are in the Plus. Also, most of the owners of the Chainlink Coins can look forward to. The study found that 79% of the Bitcoin addresses in the green area, that is to say in the Plus. This is the best value of the entire cryptocurrency market. In the second place, Chainlink (LINK) is ranked. There, 56% of the addresses in the profit. This is likely to surprise most, however, after 2018/2019, the entire crypto-market, including Bitcoin in the depths of Winter, with losses of 70% -90%, and the rates are going up since April of this year again. But how it looks with the other leading crypto-currencies?75 % of private CFD accounts lose money. No EU investor protection.
Altcoin investors prior to shocking results
However, this is only one side of the recently published study. While the results cast a positive image on the largest crypto-currency as an Investment, you are for all the other even more shocking: the vast majority of the Altcoin (all other Coins except Bitcoin) are investors in deep red loss of your Investment. Here are the rest of the Numbers from the study:74% of Ethereum (ETH) Adressen75% of Cardano (ADA) Adressen94% of the Icon (ICX) addresses and 95% of the Zcash (ZEC) address are in the loss. The results of the sobering fact that most of the crypto is not recovered, investors in the bear market 2018/19, all the stress. In fact, we are only at the beginning of the upward trend that seems to have mainly Bitcoin investors a boost given. The fact that 74% of all ETH-addresses are in the loss, should also be the second-largest crypto-currency is a cause for concern.
Bitcoin and Altcoin study is not entirely uncontroversial
The study takes place in the entire crypto Community a lot of attention. So, Alex Krüger, a well-known American Trader, tweeted the results:
For any address with a positive balance, @into theblock identifies avg price at which the tokens were acquired, indicating if the address is at profit or loss.Addresses at profit:$BTC 79%$LINK 56% of the Addresses at loss:$ETH 74%$ADA 75% of$ICX 94%$93%$ZEC 95%h/t @mbeaudroit pic.twitter.com/4kOlhFui4i— Alex Krüger (@Krug macro) FET August 24, 2019
Many wonders, however, how meaningful the results of the study really are, and how it has been possible to carry out the study. Where are the data and how they were evaluated? The Analyst Jesus Rodriguez said on Twitter that the data were collected by Machine Learning and analyzed. The algorithm was able to distinguish between Transfers, payments, currency withdrawals, and other types of transactions, in order to accurately determine when the owner of the respective address probably the crypto-currency has been bought, he keeps.
We use machine learning classifiers to differentiate between various groups of transactions ex : transfers , utxo, etc. is not exact but statistically accurate— Jesus Rodriguez (@jrdothoughts) August 24, 2019
Bitcoin dominance fits the results
The study is expected to leave all the Bitcoin investors to cheer and all Altcoin investors cry. If one compares the results with the happenings on the crypto-market in the last few months, so we should not be surprised: the market dominance of Bitcoin has doubled since its low point in February 2018 and currently ranks just below 70%. According to a Research company, Bitcoin dominance could be even at 90%. While Bitcoin has achieved in the last months of solid gains, the Altcoin-Season are still waiting to see. The following two Charts for the Bitcoin market domination (1 show. Image) and the percentage of Win or loss of the Altcoins is measured in Bitcoin (2. Image):
Bitcoin Investment majority crowned by success
The results of the study show the following: If 79% of the Bitcoin addresses in the Plus have deserved to 79% with your Investment money, now if they would sell. Of course, Bitcoin remains for the time being, controversial and anything but a safe investment is. But that’s exactly what gives Bitcoin the potential to generate high returns. The Figures show, in summary, that an Investment in Bitcoin is crowned by far the most likely of success. If you’re looking for a reputable point of contact, to act with real cryptocurrencies, then take a look at our Binance Test 2019! In this article, we have analyzed all the features and benefits of the crypto-exchange in more detail and evaluated. In Binance in our exchanges has reached the comparison in the first place.