Tom Lee: 'HODL in Bitcoin rally, -25% return if you miss the 10 days'

11 May, 2019
by Jelmer van der Dussen
Bitcoin
Tom Lee: 'HODL in Bitcoin rally, -25% return if you miss the 10 days'

With Bitcoin marching on to break the $7000 mark, Fundstrat's Thomas Lee is recommending people to not sell BTC. If traders sell now, you might be missing out on Bitcoin's annual performance.

Recently, Lee shared in an analysis that Bitcoin generally generates all of its performance in a year within 10 days of that year. In other words, real money in Bitcoin can only be made in a very short timeframe every year. This is a trend that has been going on since 2013 already.

Image by Fundstrat

If you miss out on that 10-day Bitcoin performance, your average return will be -25%. In a tweet today, Lee is therefore saying that despite the 10% gains of Bitcoin, people should still HODL.

'This week's strong move on crypto and especially Bitcoin is a reminder that BTC historically generates its annual performance in 10 days. Miss those 10 days and average return is -25%. Reminder to HODL'.

Bitcoin has seen a parabolic growth in the last 24 hours, rising more than 10% and reaching the $7000 levels.

Follow Chepicap now on Twitter, YouTubeTelegram and Facebook!

Chepicap is now LIVE in Blockfolio! This is how you receive our latest news in your portfolio tracker!  

Read more about: Tom Lee Bitcoin (BTC)

Poll

Is Bitcoin on its way to $8,000?

(190 votes)

Add a comment

Check out the latest news

You will be logged out and redirected to the homepage