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30 sats \ 0 replies \ @random_ 11h \ on: Have fun tearing this apart, stackers: “BITCOIN: ALL THAT GLITTERS IS NOT GOLD” bitcoin_beginners
If you bought the open on any given day, how many days might you expect to wait for the fiat value to double?
Using exchange data from Binance ranging from 8-17-2017 to 12-31-2024
Number of days where the open has not yet increased by 100%: 417
Minimum open price in "not-yet" list: $54,342.80
Percentage of days where the fiat value eventually increased by 100%: 84.52%
Statistics:
Mean: 450.02 days
Median: 318.00 days
Mode: 51.00 days
Standard Deviation: 372.36 days
Maximum: 1402.00 days
25th Percentile: 155.00 days
75th Percentile: 631.00 days
95th Percentile: 1176.00 days <-- 3 years, 2 months, and 20 days
NFA GFY