Knowing Bitcoin price history is important - page 2.

peter0425

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Quote from: Alpha Marine on January 12, 2024, 01:24:56 PM

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In 2014, Bitcoin went from about a thousand dollars to under $200 and finally ended the year at just over $300. This kind of knowledge helps you keep the faith as a Bitcoin holder when the price dips.

Actually you can check each after halving years to see how much we can avail cheaper or discounted price like what have I seen over the years.

Like for example my first halving experience is 2017 when iN 2018 right after the altcoins season? the whole market dumps a s if we can buy half a price so that is enough for me to understand how to deal in market.

you have given an huge dumping example from long years when you can even just used 2020 for example when the pandemic brings the value of Bitcoin into lowest value every ATH ever drop .

TelolettOm

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Quote from: deathcode on January 17, 2024, 11:11:30 AM

What is happening is that investors or traders are predicting the cycle of Bitcoin price movements in the market based on past history. some situations that may be almost the same as the current situation, which makes it possible that the direction of market price movements will be expected to be as predicted.
it aims to make predictions of price movements, and traders or investors can place positions for the next move.

Traders doesn't really need to predict the cycle. They can always take profits whatever the cycle of Bitcoin price. Wink

Meanwhile for people who predict the Bitcoin price based on the previous cycle, it is not the wrong way as long as they don't only rely on it. People also need to consider other factors such as the current issues on Bitcoin and crypto space as a whole. Sure, the same cycle may not repeat, the situation changes every time. But if we analyze what is happening in the last few cycles, it looks like to repeat the same way for this season. Unless we have no longer the Bitcoin halving, the possibility of the same cycle to happen is always quite high.

G_Besar

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Quote from: irsykes on January 17, 2024, 11:26:25 AM

Bitcoin history always repeats itself even at different times because of the effects of rich people playing drama, whether FUD, negative news will definitely repeat itself with the same thing buying cheap bitcoin prices. Of course, we also understand the crypto hype and what will come next because the support of the crypto hype community is always extraordinary. The importance of history is that at least we minimize risks

Not always the history that has occurred in Bitcoin can be used as the main guide for everyone in minimizing risks, because sometimes Bitcoin can create new history that has never happened before. So there are people who feel disappointed because they are quicker to give up Bitcoin when they see FUD and negative news that is deliberately created by people who don't like the crypto space. So you also have to understand that what has happened in the history of Bitcoin is only a temporary guide for everyone besides having to be better prepared for the new history that could possibly be created in Bitcoin.

Mate2237

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Well everyone with their own way and everyone has their own way of doing things if not there nothing concerns me of the history of Bitcoin for now. But probably I might need it in the future but for now I don't need it. The history of Bitcoin is needed when you want to do some analysis of Bitcoin or cryptocurrency in general then you might need the graphical presentation of the work to show that what you are saying bis the truth.

Though many understand things when you present it with the charts.

Hypnosis00

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Perhaps, we need to know about it. We are not just aware of the situation but we have been informed that Bitcoin doesn't grow and succeeded easily.
These records will help us think that Bitcoin is a good investment and help encourage us to take risks knowing that it is growing, unlike altcoins. In fact, this is the reason why we are here as believe that the more we invest in Bitcoin, the more become profitable long-term. Upon seeing history, we already gain positivity that our money won't just be wasted instead, it multiply.

And aside from that this will also stop confusion and thinking that Bitcoin is a scam or Ponzi scheme.

bayu7adi

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It's crucial if you're looking to make gains from trading or investing in Bitcoin. But if you just want to use it for regular transactions, not a big deal.

Isn't it kinda taboo to compare the original idea behind Bitcoin with all this price analysis stuff, though?

Quote from: Crypt0Gore on January 17, 2024, 10:39:50 AM

To become a successful holder, you need a job secured and you must only risk your hard earned money, not the money that belong to someone else, and as possible as it seems for Bitcoin to reach a million dollar some day, make sure you only risk what you can only afford to lose, even tomorrow is not guaranteed, be wise.

So, like, if the worst-case scenario happens to Bitcoin, like a super basic crash, people can still survive, right? Actually, the decision totally depends on what someone knows. I get what you're saying, but I think it's missing a little something. Like, you should also have some cold cash as an emergency fund, not just relying on a job as your ace card.

Russlenat

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Quote from: summonerrk on January 16, 2024, 07:55:03 AM

Quote from: Alpha Marine on January 12, 2024, 01:24:56 PM

~~~

That's right, you need to know the history of the bitcoin price. I remember its price at $100 and falling and rising to about $25

But when it started to cost 6,000, everyone realized that Cryptocurrency is not a joke. Nevertheless, I do not recommend looking for recurring periods in the bitcoin price chart. I think that if everyone expects growth, then there will be a fall, and vice versa, because the smart market has one important law - it always surprises all traders. That's why I don't like the massively positive mood before halving BTC.
There is a feeling that the market may fall heavily.

Well, we'll find out soon.

Bitcoin has always been volatile in the first place, which means we don’t have to be too confident in its price as it could suddenly dump any time without expecting it to happen that time. Bitcoin is for long term, but it doesn’t mean that its price will also keep its price growing or dropping for long, it has its own fluctuations so price varies from time to time.

However, if you know the history of bitcoin price, you will never be bothered anymore with how its price moves, because no matter how highly volatile it is, it will always end up recovering even from its deepest fall, that’s how amazing bitcoin is.

Mame89

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Quote from: irsykes on January 17, 2024, 11:26:25 AM

Bitcoin history always repeats itself even at different times because of the effects of rich people playing drama, whether FUD, negative news will definitely repeat itself with the same thing buying cheap bitcoin prices. Of course, we also understand the crypto hype and what will come next because the support of the crypto hype community is always extraordinary. The importance of history is that at least we minimize risks

There is no principle of money like Bitcoin, Freedom of money. Conceptually bitcoin is very good as a long-term asset. However, it is very necessary to know the history of bitcoin, this is so that we understand that bitcoin has a price history every four years, by knowing the history of bitcoin you will also feel calm when investing in bitcoin because you have a clear goal. for your future assets, and of course to minimize existing risks. Without knowing the history of Bitcoin, you have no purpose, you just follow the fomo and so on. because you don't have the knowledge yourself, so you often make the wrong decision.

Dunamisx

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Quote from: Alpha Marine on January 12, 2024, 01:24:56 PM

My trust in Bitcoin grew exponentially when I knew the price history of Bitcoin.

The beauty of this is that we stand the chance to understand more about bitcoin, get more insight on previous performances in other to help us achieve more future targets we are aiming for, this will also encourage us to leverage on a good standard for what has a reputable numbers of years with consistencies, this is also something we have have as an evidence to use in bringing in new people who will be interested in the adoption of bitcoin for them to have something s a footprint they can work on.

Y3shot

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No doubt, getting the history of bitcoin helps alot, like let's use the high fee that is causing delay in transaction. This is something that has happened to some people who are new in bitcoin they will be worried as if something bad wants to happen to bitcoin but for someone who has already gone through the history of bitcoin will know it is not new. Studying the history of the market is good, it helps people not to panic if bitcoin price goes down. One of the reason why new investors gets panic when bitcoin price falls is because they are not familiar with it.

irsykes

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Bitcoin history always repeats itself even at different times because of the effects of rich people playing drama, whether FUD, negative news will definitely repeat itself with the same thing buying cheap bitcoin prices. Of course, we also understand the crypto hype and what will come next because the support of the crypto hype community is always extraordinary. The importance of history is that at least we minimize risks

deathcode

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Quote from: wtsimis on January 16, 2024, 03:17:52 AM

The history of Bitcoin is very important for a trader. who is new to the cryptocurrency market. Before interested in trading activities, it is essential to inquire about the past performance of Bitcoin to gain insight into its price fluctuations in both bullish and bearish markets. dependence only on the current price may not provide a huge understanding of the dynamics of cryptocurrencies. A reflective analysis of Bitcoin historical trends enables traders to make informed decisions, to think how the digital asset has impacted various market conditions. Informed by this knowledge, traders can way bitcoin transactions with a more short vision, increasing the probability of successfully interested in the dynamic world of cryptocurrency trading.

What is happening is that investors or traders are predicting the cycle of Bitcoin price movements in the market based on past history. some situations that may be almost the same as the current situation, which makes it possible that the direction of market price movements will be expected to be as predicted.
it aims to make predictions of price movements, and traders or investors can place positions for the next move.

Crypt0Gore

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It's really important to know the past price action of Butcoin and it can also be a adrenaline rush for you start looking for money anyhow to invest in Bitcoin, even the bad ways can look normal to you, it's a motivation for me to look into Bitcoin past history but it might not be same for some people, we all think differently as human beings.

I always believe that Bitcoin will make a new high in future just like when it was very cheap, $200,000 is possible merely looking at the past history of Bitcoin, but this should just be motivation for everyone, don't go and look for money in any wrong ways, do not borrow or take loan either because you want to invest in Bitcoin, risks are still present so invest only what you can afford to lose.

To become a successful holder, you need a job secured and you must only risk your hard earned money, not the money that belong to someone else, and as possible as it seems for Bitcoin to reach a million dollar some day, make sure you only risk what you can only afford to lose, even tomorrow is not guaranteed, be wise.

justdimin

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Quote from: fruktik on January 16, 2024, 03:59:15 AM

Quote from: highalch on January 13, 2024, 05:31:54 PM

It doesn't need a lot of effort to figure out BTC goes up in the lock term. The proper question would be what makes it go up. And I tell you, this is not on the charts.

I can draw any line, curve, or put up random indicators on charts to prove my point. But in the end it will only go up or down because of the fundamentals. Issuance. Halving. Supply and demand. This kinda boring stuff.

On the contrary, it requires a huge amount of effort to achieve a positive result.

If this is some kind of boring thing for you, then the process of analytical work is not suitable for you. It may be that you should look for something else rather than go into investment activity. To each his own in this world. Many people don’t want to deal with all this, because they simply have neither the time nor the desire for it. This is the lot of a very limited number of people, of whom there are only a few percent on this planet, but they have almost all the money. How do you like this arrangement? Still haven't changed your mind?

There are a lot of people whose character doesn't allow them to grind analysing work, which is understandable, that doesn't mean that they are incapable people, they might be just capable of anything else. I have seen people who are terrible at what I do, save lives , seriously, that seems like a lot better situation, a surgeon that I know, has absolutely no clue how my job is done, I rather be like him than me though.

This means that this work is not that important, it makes you rich if you are right and good, but it is not like saving lives. So, if you are a person who is incapable of doing this, that doesn't mean that we are not going to really end up with anything major, it should be considered normal and not that big of a deal.

Natalim

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BTC to the MOON in 2019

Knowing the history of Bitcoin will somehow be useful in making TA and at least, we know the market sentiment how it grows, and how the price of Bitcoin influences the entire market. It is a way to emphasize that the existence of Bitcoin doesn't gain attention right away but gradually improves until it gains such popularity. In fact, we do speculate usually based on past events and some do the calculation. We can't be good investors or traders unless we know the history of Bitcoin.

It was not just the price of Bitcoin we had to look for, but also its purpose and the reason for its creation.

JustineCollins09

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Crypto currencies it self have very unpredictable nature. Knowing bitcoin history won't effect much of my trading skills. thanks to copy/ paste some data from the google

summonerrk

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Quote from: Alpha Marine on January 12, 2024, 01:24:56 PM

~~~

That's right, you need to know the history of the bitcoin price. I remember its price at $100 and falling and rising to about $25

But when it started to cost 6,000, everyone realized that Cryptocurrency is not a joke. Nevertheless, I do not recommend looking for recurring periods in the bitcoin price chart. I think that if everyone expects growth, then there will be a fall, and vice versa, because the smart market has one important law - it always surprises all traders. That's why I don't like the massively positive mood before halving BTC.
There is a feeling that the market may fall heavily.

Well, we'll find out soon.

fruktik

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Quote from: highalch on January 13, 2024, 05:31:54 PM

It doesn't need a lot of effort to figure out BTC goes up in the lock term. The proper question would be what makes it go up. And I tell you, this is not on the charts.

I can draw any line, curve, or put up random indicators on charts to prove my point. But in the end it will only go up or down because of the fundamentals. Issuance. Halving. Supply and demand. This kinda boring stuff.

On the contrary, it requires a huge amount of effort to achieve a positive result.

If this is some kind of boring thing for you, then the process of analytical work is not suitable for you. It may be that you should look for something else rather than go into investment activity. To each his own in this world. Many people don’t want to deal with all this, because they simply have neither the time nor the desire for it. This is the lot of a very limited number of people, of whom there are only a few percent on this planet, but they have almost all the money. How do you like this arrangement? Still haven't changed your mind?

wtsimis

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The history of Bitcoin is very important for a trader. who is new to the cryptocurrency market. Before interested in trading activities, it is essential to inquire about the past performance of Bitcoin to gain insight into its price fluctuations in both bullish and bearish markets. dependence only on the current price may not provide a huge understanding of the dynamics of cryptocurrencies. A reflective analysis of Bitcoin historical trends enables traders to make informed decisions, to think how the digital asset has impacted various market conditions. Informed by this knowledge, traders can way bitcoin transactions with a more short vision, increasing the probability of successfully interested in the dynamic world of cryptocurrency trading.

Bloodseekers

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Quote from: GeorgeJohn on January 15, 2024, 05:05:11 PM

Many people give analysis of Bitcoin without making any research or any investigation of bitcoin to know if the market will be productive if the market will be positive then just come in conclusion to deceive many people who is in talk cryptocurrency investment especially Bitcoin so that is why I advise my people to do not take all the advice they came across in a online and the other platforms that discuss about Bitcoin, for me it is better that we use our tools to ensure that we have make test of Bitcoin market before we can be able to publish it to the public as a result of analysis that is dependable and reliable

For those who provide wrong analysis about Bitcoin it is true that they did not do in-depth research on market developments regarding Bitcoin and they only analyzed it not based on their knowledge and only took advantage of Bitcoin's success for their own benefit.
Of course it is very important to be able to do your own research about Bitcoin and not just listen to other people's analysis about Bitcoin and then decide to invest in Bitcoin, because if we only listen to what other people say and it's not necessarily the truth and it's not necessarily what they say. That's right, it would be better for us to do our own research about Bitcoin to be able to understand it properly so we can benefit from Bitcoin.

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