I found a very interesting study I saw about Bitcoin's behavior according to Bitwise. Basically, if you buy and hold for 3 years or more, the chance of losing money is practically zero — like 0.7% even. The longer you leave it untouched, the better: at 5 years it drops to 0.2%, and at 10 years there's no risk of loss at all.

But then comes the part that scares day traders. Bitwise showed that those who keep entering and exiting directly have a 47% chance of going broke. Even after a week, it's 44%, a month 43%, and even after a year of holding, there's still a 24% risk. It's basically the opposite of buy and hold.

The price is around 77,500 now, but the people holding for 3-5 years bought at an average of about 34,780. In other words, these guys are making about 90% unrealized gains. Meanwhile, the day trader is sweating trying to get the timing right. Bitwise is kind of saying: relax, buy and stay quiet — that works better.