Crypto Traders Reveal Their Most Profitable Investment Years in Santiment Poll

Crypto Traders Reveal Their Most Profitable Investment Years in Santiment Poll

A recent crypto poll conducted by Santiment, a market intelligence platform, reveals the years when crypto traders made their largest fiat-valued investments. The poll, which gathered responses from traders regardless of whether they currently own crypto, provides insights into the most profitable periods in the crypto market.

2020-2022 Emerges as the Most Profitable Period

The poll offered four time ranges: 2008-2013, 2014-2016, 2017-2019, and 2020-2022. The results showed that 2020-2022 was the clear winner, with 62.5% of the votes. This period saw significant growth in the crypto market, driven by high prices and trading volumes. Despite a bearish period that followed, major cryptocurrencies like Bitcoin and Ethereum showed positive growth, making it a highly profitable time for investors.

2017-2019 Also Shows Strong Investment Activity

The second most popular period was 2017-2019, receiving 28.6% of the votes. This era was marked by significant price increases and the rise of altcoins, attracting many investors to the crypto space. The market cap growth during this time further validates the positive sentiment among traders.

2014-2016 Sees the Least Investment Activity

In contrast, the period between 2014-2016 received only 3.5% of the votes, making it the least favored. This was a challenging time for crypto, particularly for Bitcoin, which experienced a significant price crash in 2014. The price dropped to $760, followed by further declines in 2015, resulting in substantial losses for investors.

Early Years (2008-2013) Show Limited Investment

The earliest period, 2008-2013, garnered 4.7% of the votes. During this time, Bitcoin was the only cryptocurrency available until the introduction of Litecoin in 2011. Despite its early growth, the market was still in its infancy, limiting its appeal to a broader audience.

Market Cap Growth Reflects Investor Sentiment

The overall market cap growth from 2010 onwards supports the poll results. A steady increase in market cap from 2017 onwards, with a significant surge in 2020, highlights the growing adoption and profitability of cryptocurrencies during these years.

The poll underscores the evolving nature of the crypto market, with recent years offering the most significant opportunities for traders. As the market continues to grow, understanding these trends can provide valuable insights for future investments.