Topic: Knowing Bitcoin price history is important (Read 724 times)

knowing the history of Bitcoin in very important to everyone who is interested don't know about bitcoin and secondly bitcoin is something that you can research online to know the important on the features of Bitcoin so that is why many people like to be reluctant to know the history of Bitcoin so therefore is very understanding that when you want to invest in Bitcoin you have to make a proper investigation which I would like for someone to make a proper to search of Bitcoin history before going to investment because of the future reference or blame that we come out of it

This knowledge about bitcoin price history is important for those investors who do their own analysis of the market based on the past price of bitcoin so they can come up with predictions about the market. Some technical analysis involves the past movement of bitcoin to show why their prediction will be correct at most. Let's take an example: bull run. Because of the past records or charts of the bitcoin market, they can see the pattern where bull run might come, and from that, they predicted and noticed that bull run comes every 4 years or so, so in 2024-2025, bull run might come anytime. That's why the halving session is starting. It indicates that thanks to the informative market chart from the start of bitcoin, those who do analysis can give or share a good analysis for the investors to follow, and thanks to that, we can earn and ride the waves.

Yes. It’s always an edge if we know the history of bitcoin, it’s price movement and the reasons behind why it’s price had gone high or low. With this, investing in bitcoin brings confidence despite of its high volatility, knowing it will definitely recover everytime its price plummets. Unlike if you have no certain knowledge on your investment, it would be hard for you to determine its future if you are not knowledgeable as well on its past history events.

I dont think it will be many huge changes in the price from now on. Its stable. Will keep incresing slowly and will be more acceptable in more places and thats it.

Analysing past price can help but I think it won't give us an assurance. If only that how easy things work, many of us are now millionaire . Like you, I also think BTC won't fall that low. It seems impossible right? Based on how things are looking right now in Bitcoin. What is more possible is that BTC price go through the roof. But if let say the other occurs, yes it will cause a commotion.

Though I think many people are going to sell than to buy because they think it's the start of the end of Bitcoin. Borrowing money to invest can be a good idea "IF" you know that the coin will still recover and rise for more. I know this can be the case for BTC now, but it may take a long time to happen, so it is still not advisable to do.

History does not change. History is in the past. You only study what happened in the past to understand what might happen in the future. The price of Bitcoin in 2014 will always remain like that, nothing will ever change that.

Bitcoin price fluctuates, that's why you should understand its price history. Knowing the price history helps you understand the reasons behind the ups and downs of bitcoin prices at any period in time. So with that knowledge you'll be able to predict the price of Bitcoin when an event like that happens again.
Bitcoin halving, COVID, wars, Bitcoin ETF, CEX crashes, countries banning and accepting Bitcoin, etc all have an impact on Bitcoin price. It may be short-term, medium-term, or long-term. It is through history that people in the years to come will predict the price of Bitcoin when similar events like the one I mentioned above happen.

One thing about bitcoin price is that it is not regular or constant in price you might check the history today and tomorrow the history will change and you might be check it the price will also change so they are for bitcoin does not have one particular price and it fluctuates in price, that is why we need to understand the concept before we panic for any kind of cryptocurrency investment or especially bitcoin investment because I know probably that many people always be confused of Bitcoin regulation in price when they have not study the regulation of Bitcoin

Bitcoin's price movements are a fascinating dance between technical and fundamental factors. While charts and algorithms might paint a picture of past performance, it's the underlying story, the "why" behind the numbers, that truly drives the market.

Let's see an example of the 2023 bullish quarter fueled by the Bitcoin ETF approval. This perfectly illustrates how a single fundamental shift, in this case, regulatory greenlight, can send ripples through the entire ecosystem. It's not just about patterns on a screen; it's about collective anticipation, confidence, and the perception of Bitcoin's future.

As we know it, rumors and headlines play a critical role too. Every whisper of government policy, exchange updates, or economic tremors sends the market buzzing. Just as a positive ETF approval can spark a bull run, a security breach or a regulatory crackdown can trigger a wave of panic selling.

It's this intricate interplay between technical indicators and real-world events that makes Bitcoin trading so captivating. It's a constant puzzle, a game of chess where you need to decipher not just the charts, but also the underlying sentiment, the hopes and fears of the global crypto community.

The history of bitcoin is very important for new investors in the cryptocurrency market. Before engaging in any business activity, one must be well informed about it. Moreover, to see how its price moves in bullish and bearish markets, one must know the previous history . Moreover, knowing the history can develop the ability of a trader to analyze . Armed with this knowledge, traders can approach Bitcoin transactions with a more strategic vision, significantly increasing the probability of success in navigating the dynamic world of cryptocurrency trading....

Of course a bitcoin investor should know about the history of bitcoin. Because knowing the historical history of Bitcoin will certainly make you more interested to invest. You will be thinking a lot about the past history and the past price of bitcoin and what the current price and future price might be. This historical perspective can enhance an investor's ability to anticipate potential future trends and fluctuations in the market.  I think it is important for every crypto user to know the history of Bitcoin.

It can be said that to be able to predict the future, historical data is indispensable, but I will not agree with you that just based on bitcoin's price history, we will be able to easily predict future bitcoin price. For example, can you predict what the price of bitcoin will be during the upcoming bull season based on historical data?

I agree that we probably won't see bitcoin price below $15k again, it's really unlikely but to me there will always be 2 scenarios. One is that people will be afraid and not dare to buy bitcoin because it is too risky, two is that there will be people who see it as an opportunity and they are willing to accept the risk of buying bitcoin if it drops further. The market always has two sides: sellers and buyers, if there were only buyers, the price of bitcoin would never decrease.

Currently, the price of bitcoin is still falling and many people always complain about the price of bitcoin being too high and they have no chance to buy but today the price of bitcoin is below 41k$, but how many people are buying?

What the OP said might be truth because with some good information about the past price of Bitcoin one can easily tell or predict how much it will be next time.
However, most of the times some predictions are might not be accurate but there will definitely be a day or time when one can predict the actual price of Bitcoin.
I also don't think that Bitcoin will ever decrease to $20 or $15k in future because it will cause a serious commotion that a lot of people will buy and hold it, both those that do not have the money to buy the Bitcoin at that time will want to borrow and buy (which is not a good idea).
The reason why I said it would be good to know the past price of Bitcoin is because it might help an investor to know when Bitcoin will increase or decrease.

Checking the history of bitcoin before investing, after investing, or when learning the process of bitcoin investment is very important. It will help a newbie investor know the steps to take and understand how the price of bitcoin has been falling and rising since its existence, not only now that the demand is high but also so that the newbie investor will understand and find the investment easy. The history will also guide him to know how volatile the bitcoin market is and some other things to know about bitcoin investment.

Because most newbie investors lack much of this background knowledge of the bitcoin market, anytime they see the market turn to the other side, they start panicking, thinking that they will lose their invested money, which is not what they should do because the bitcoin market is so volatile and it requires patience with the hope of putting their money for a long period of time. I believe with this type of mindset, they won’t react when the market doesn’t favour them at the moment.

I agree with you that knowing the history of Bitcoin and how the price changed over the years is very helpful. I am just not sure how the exact price almost 10 years ago is going to help us make better decision today. Would you expect the price to drop down to 200 USD again during a bear market? For me this is very unrealistic, because I don't think we will ever see a price below 10,000 USD again. There are just too many different investors who would be buying large amounts of bitcoins below 20 or 15,000 USD. Maybe a more relative comparison  of the price 10 years ago can help. But even then would we expect a 80% drop in price this year? This seems quite harsh for my expectations of 2024. The world is still recovering from the pandemic and the high inflation rates. Also we have the halving coming up this year. I am rather expecting rising prices this year than falling prices.

Yes, it is true that Bitcoin investment is clearly for the long term but time always changes the market because this particular effect makes people want to have short term investments. is a big guide to the history of bitcoin, yes, even though it's not always accurate. many people who want short term investments on the other hand are very important to update bitcoin information news

Understanding Bitcoin's price history is key to my investment strategy. You learn most from bitcoin wins and losses. Btcoin's volatility is not that scary. For the well-informed and patient, volatility often brings unusual chances.

The 2017 showed Bitcoin's resiliency and potential. These moments strengthen my trust in Bitcoin's long-term value. Whoever wants to hold Bitcoin should know its price history. Its not enough to foresee the future; you must grasp this dynamic market's cycle. This understanding empowers and makes Bitcoin's volatility manageable.

Well said. That's one of several ways to utilize that tool. Historical data will allow us to draw patterns regarding the market sentiments from the past. Though there are no guarantee that the past will repeat itself, but at least it's still a useful basis on deciding when to enter or accumulate more fractions and when to sell if one will decide to short their bitcoin and buy back at some point during price corrections. After all, we are all just speculating on the price of bitcoin in the future.
Even with such knowledge, there is actually something that can stop you from making tons of money, and that is your emotion. Sometimes, we feel anxious during market corrections and sometimes we feel greedy when the price is starting to climb. It's an inevitable emotions, but one must always remember to always look forward to achieve what the goals of investing are.

Knowledge is always important, be it crypto or bitcoins. If you don’t have enough knowledge about the history of the asset where you are trying to invest, then definitely after a certain period you will make losses. Bitcoins price history is important because it sets the trend when the price has gone up and when it went down. If you estimate the future price through this, then no one can stop you from making tons of money. For me Bitcoins are always more valuable than gold.

They won't be called trader for nothing and they are usually trade depends on the timeline set. So expect that whatever market condition is for sure they are there to take profit whatever it cost since they are not dealing anything for long term. For sure people who already have a lot of experience on trading already know about the history so they don't need it anymore since what's more important is the current events since this could affect their trades to become successful.

Only new people on cryptocurrency scene should really need to know about the history since from that they can study well how the market cycle work each year base on the history since it can help them learn a lot and decide what's better action they need to do so they became a successful cryptocurrency trader or even a holder.

In order to invest in the future of Bitcoin, it is important to analyze bitcoin price history, and this is instructive. In financial markets, data is always like a golden egg. Whoever has the data can build the future. For this reason, my advice to new market entrants is not to make a blind investment in Bitcoin without doing price history and historical research.

It is difficult to predict the price of Bitcoin in the future, but if we analyze past price movements and consider the price increases caused by the halving, we can make a good prediction for the future of the Bitcoin price with Bitcoin price history. However, for the long term, sometimes price history doesn't matter much.
1 BTC = 1 BTC
For all time.

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 .

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

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.
​

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.

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.

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?


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.

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.

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.

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.

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.

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

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.

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.

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.

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.

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

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.

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?

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.

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.

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

Your understanding of the importance of Bitcoin price history in the context of technical analysis and long-term ownership reflects a sensible approach to the cryptocurrency market. Historical data can indeed provide valuable information about how the market has responded to various events and conditions.
Knowing volatility and experiencing previous boom and bust cycles can help investors better understand the nature of the cryptocurrency market. Confidence that prices can recover from declines, especially over the long term, is an important part of the psychology of a successful investor.

Whatever the current manifestation of bitcoin may be, it has always been, from market trends to halving events and much more, some of which were simply improved upon. Having knowledge of prior events will enable you to perform to the best of your abilities. depending on how well you already grasped the principles. Traders possess knowledge as, in order to avoid missing out on profits, they must monitor the market. Without knowledge, they wouldn't even understand what a bull run is. But if you merely buy and keep and you fail to keep up with the market direction. And comprehending business and economics can be quite beneficial to the person applying these concepts.

Indeed the reason is more relevant than with just the idea that its market value have increased over the mentioned period of time. I believe that one reason which contributed to this increase was familiarization along with advancement of technology. I myself was guilty that I wasn't aware of the existence of this industry way back 2013. I never had the courage to invest that time 'coz I thought it will just be a waste of money. And likewise with most of you guys here, I regret not doing so. Bitcoin and this industry in general became known and trusted by more people over years due to its benefits such as decentralization to name one. But if it is with the progressive growth of its market price then I doubt for its relevance; history will repeat itself indeed as we saw before however, things won't be exactly the same simply because there are many underlying factors that affects the demand towads this blockchain.
Quite of a domino effect; as its popularity spreads, the market value slowly increased before, as its price is increasing more people are getting their interests up as well, forming a continuous cycle. Bitcoin's market price volatility was its downside but is now where investors benefit more. There's no consistency on its price movement as we all know; patience is the only thing needed aside from risk tolerance with the amount you are planning to invest. It is a profitable asset indeed however, its market price will always have the tendency to fall given that nothing supports it than demand and demand happened to just be a changing variable due to several factors or reasons.

I think when you are hodler, you probally know what bitcoin is and what problems it solves. The price does not matter for those are holdings the coins for a long run. The only worries that a bitcoiner has at the final of every month, he or she will be able to save in some satoshis, whatever the price at the moment

I think anyone buying Bitcoin, like you, ought to be aware of the cryptocurrency's past price.
You may use it to evaluate the possible benefits and risks of holding or trading the currency in this way.
Bitcoin has historically shown considerable price volatility, from what I can tell in the image you posted. Hence, it's difficult to predict when to purchase and sell it to avoid losing money in the end.
But, if you truly want to optimize your profit potential with bitcoin, you will need to do more research and gain a deeper grasp of cryptocurrencies in general. This does not mean that you can simply invest in bitcoin and hope for a rise in profit.
This pattern in bitcoin I believe it can be our basis for future price movements.

Bitcoin has only grown in popularity since it first hit the market. Not only has the popularity of Bitcoin increased, but the value of Bitcoin has also increased significantly. If the new investor observes the past history of Bitcoin, the new investor will be forced to accept that the price of Bitcoin has the potential to increase several times in the future from the current price. If there was such a counting system, we would see how much the number of Bitcoin users is increasing every year compared to the previous year. People who know about bitcoin try to stay connected with bitcoin and new people who express interest to know about bitcoin can learn about bitcoin new and old investors together we can say that the number of bitcoin users has increased a lot compared to the past.

Being aware of bitcoin price history will bring great advantage to all of us since there are high chances that bitcoin price movement will repeat itself, at least we don’t have to worry about that bitcoin price will end up zero value. A lot have predicted that bitcoin is dead, but until now it’s price continues to rise high even more.

However, when it comes to huge price dumps, it’s really a big test for all of us, but unfortunately some end quitting since they can’t stand the pressure anymore and just settle to the less risky bitcoin hodling.

“History is bound to repeat itself” as they say

trends usually come and go in different manifestations or for different reasons each year and investors can use this to try and strategize around the market when trends happen it is usually for a reason hence why we can not just blindly follow what has happened before but look at the causes of such price dump or pump

Economics involves a lot of psychological factors so this is also something to be considered when investing

This story may not be that relevant against the topic but since we're talking about how reliable bitcoin is anyway I think this one's worth bringing up. Back in 2022 I have heard about the guy who created this formula or whatever that could dependably predict how much bitcoin will go for as time goes by. So far as I said the graph and formula he made has been very dependable and at least accurate which is a good thing, cause it means that bitcoin is cyclical, and that if we play our cards right we could time our buys and sells and expect massive profit upturns all by playing around bitcoin's price behavior. Plus the fact that bitcoin's still volatile yet cyclical allows it to be one of the most risk-free cryptocurrencies on the market right now. You could lose all your shit in any other cryptocurrency but with bitcoin, there's a chance for recuperation and even profits after a tumultuous crash as long as you don't sell your positions when the market is down.

This doesn't mean that you could just put your money onto bitcoin and expect profit upturns though, as you need research and a deeper understanding of cryptocurrencies and bitcoin if you really wanna maximize your profit potential with it. Investing willy-nilly and then selling your position when the market's down, then blaming bitcoin for dumping is one of the worst things you could do for yourself. Bitcoin will eventually come around, but soon as you step out of that door you're no longer part of the party. So make it a point to always have a foot at the door when you're investing in cryptocurrencies, particularly when it comes to bitcoin, as it rarely disappointed people who believed in it.

If you are a long term hodler, you will know that bitcoin always recovers even from its deepest price drops so you don’t need to worry knowing bitcoin always dominates the market. But still, price history is very important so we will know how how bitcoin price moves in the future, and if it’s still capable to surpass all its ups and downs without seeing bitcoin price completely losing its value.

There are a lot of factors that will affect the market movement in the past and in the future but Bitcoin's halving has caused a huge impact on the market.
In the event of the 4-year cycle movement of the market, it gives us an idea of when to buy and when to sell and that is exactly what people are doing now and probably the same thing happen in the future. While people are learning their experience, it also affects the market trends and the stability of the price. 

But we don't just focus on the price history of Bitcoin, we also have to take a look at the transaction fees as it also influence the interest of the people. It probably we have some experience in the past but we also expect some changes due to the changing approach of these new investors. 

Nothing is perfect, not Bitcoin and its investment, and who knows what could happen this time even as people expect positivity? This is why investors must not be 100% trusting and believing that the history of an asset is the perfect future indication of what will happen, and it is no news that experts in the field of investment always warn people against such thought, it is not good, as it has disappointed so many in the fast. Fine, Bitcoin is an asset that behaved like no other asset before, but still, Bitcoin is very young, we do not know what it will keep doing over time. Before it came to the limelight of what it is now, there was a pattern truly, but what if it deviated from the pattern and people's expectations or should I say the original ideology?

What people are expecting now is what I always call Bitcoin tradition, but what if as it grows in age, especially this time that it has been inculcated into the mainstream of the financial market and institutions are taking over a large part of it, it now changes from the old ways? I have been careful about this though and I will continue to be watchful and let my trading chart guide me regardless of what people are saying about it. And like you said, many are forgetting the psychology of the market which is a grave mistake for them, and if this psychology changes just like what happened recently with the ETF saga, it can't be good for the market. Thereby, what we see as FOMO now will be in the reverse when people are making panic withdrawals of their money.

The market could be so funny at times, so you don't trust it 100%.

I agree with what you said because if one wants to have a good idea or know about bitcoin then he must know the past history of bitcoin price and see how bitcoin price has moved in the past Knowing these, many investors may have an idea of ​​when the Crypto Bull can start or when the bear season can start It is important for those who are into cryptocurrency to know the history before Bitcoin

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.

Prices are influenced by many things - but sometimes it's difficult to know the exact cause of a drop. There are times when the price drops due to bad news whether it be a hack of a centralized exchange or perhaps the detection of a large sale by one of the whales - but other times, the price drops without any known cause.

You'll need to stay on top of the latest news if you're buying and selling because of it - but I tend to agree if the goal is short term. If you are investing for the long term - you should do as many other holders do, buy the dip and do DCA and hold for the long term.

That is true, you can easily see the movement but the reasoning of such ups and downs, that is for you to find out.
Because those roller coaster movement have their reasoning behind. And much better if you understand them so you know
its influence in the market and make some smart decisions when you need to buy more for your stash.

It is also critical to try to think about what those moves imply, since it is very easy to check the charts and see all the movements that bitcoin made in a matter of seconds, however those movements took months and sometimes a full year to materialize, and living through such movement is a completely different experience than to just look at it on a chart, and anyone that is trying to familiarize themselves with this market needs to remember that soon enough they will have to go through the same experiences, and if they do not go through this process they can be caught with their guard down.

Technical analysis is just extrapolating data and looking for patterns without understanding why the price moves. Which is quite bad, because market conditions change, so these extrapolations often fail. People can find success in trading stocks or commodities if they have a good sense of the forces that move those markets, if they have deep analytical skills. But it's hard to apply the same to Bitcoin because of how purely speculative this market is. The price goes up and down not because something with Bitcoin changes but just because some traders decided to buy or sell big.

What you are saying is correct, and I completely agree with you, but you are forgetting a very important thing: the psychological aspect. You can do your researches, studies, and then you may think you are ready but then comes the dump: -20%, -40%, -60%... And not everybody is able to handle it, many people can't take it anymore and they sell at loss. Bitcoin, at the moment, is not for everybody.

You need to understand what something comes from before you can see where it is going. Otherwise you would not have any type of idea what it is at all. This isn't some mathematical stuff, this is literally history, this is basically learning what bitcoin is all about.

I understand that it may look like we are dealing with something that doesn't have the feeling that you may think it does, but that's just not how it is, that's just how bitcoin is understood. So, everyone should have some sort of understanding what it is, so that they could have some sort of understanding where it is going as well. I believe it will be a little hard, but it will definitely be the most important part if you want to become a trader.

Knowing bitcoin price history will help us observe and understand how bitcoin price moves in the market, not only at its present but most particularly in its future price movement. Although long term hodling might guarantee high profitability, but we all know that it’s not easy to hold still despite of bitcoin volatility, hence we need high motivation to keep hodling, and by tracing bitcoin price history, we will be more motivated to hold than selling it early, losing the chances to sell at a bigger profits.

If you look at the Bitcoin chart for the entire period, you can see a lot. After all, let’s say today we complain about its fall, tomorrow about its growth, etc. BUT if you look at the entire graph, it shows stable growth over the entire time. Therefore, judging from this, we can conclude that Bitcoin has made a reputation over its history as an investment-attractive asset. So it’s worth considering Bitcoin as a long-term promising asset.

You made alot of sense in this comment, following Bitcoin price history alone is not a enough to have a successful secured Bitcoin future, but also there are other things also that are important to take note of at some point in time, this are way good enough for everyone one to take note and point of and for that to happen one need to have knowledge of the, security of Bitcoin even when you have accumulated the right amount of Bitcoin at some point, such knowledge as regards what you have mentioned in your comment.


Security is key for Safety in the Bitcoin ecosystem, and for that to happen you have to choose the right wallet, and price speculations in the way that it will go down well with your DCA practice, because profitability can't be attained without those vital tools.

By looking at past trends, I think, to some extent, a person can predict the pattern of BTC price action in the coming month. We have seen in the past halving events that the price incrased between 1.5 to 2 years after halving, and each time the BTC price touched a new ATH. The chances are that the BTC will touch a new ATH in 2025, and we will see some short-term rallies in between. Institutional adoption is also increasing, so there are chances that we might see a new ATH earlier than expected.

If there are such complete guidance from 2011 to 2024, there should be no more words or thoughts of less confidence in Bitcoin's future performance. Because what we can see from 2011 to 2024 is clear evidence that can be used as a very basic guideline to continue to believe in Bitcoin as the best of all time. So with the development of many things that have happened over time, at least our thinking that is familiar with Bitcoin must also change better so that we can accept every fact that has happened in Bitcoin.

Indeed, knowing the price of Bitcoin is very important for people who invest in Bitcoin, because looking at the past history and development of Bitcoin will help from a technical and fundamental perspective so that we as Bitcoin investors or especially beginners can buy BTC at the right time and sell. at the right time Of course we will watch the price of Bitcoin whether it will form a new ath or not, but what is clear is that according to the history of Bitcoin, BTC has always been

This is different from Altcoins which are sometimes very difficult to predict whether they will rise again after forming a new ATH or not because of course Altcoins are different from Bitcoin, so BTC is very good and is the number 1 crypto.

It's not just historical records that have to be studied, but we also have to understand why Bitcoin was born during the current economic crisis. Learning all this will certainly make it easier for us to analyze charts and of course to be able to invest in the long term. We need to know the history of Bitcoin so that we can invest with high confidence because Bitcoin charts are always changing and you can learn from past charts. Moreover, Bitcoin had a moment of increase when the Bitcoin Halving occurred, of course you can know this from the history of Bitcoin itself. With the history of bitcoin too, investors also dare to hold bitcoin in the long term.

Of course if you don't know about the history record of price then how do you or will analysis for trading ? Without out knowledge about price history is one kind of betting if you trading . And trading is already risky if you don't know about the history of price it will more riskier for your fund. So always when you wanna do trading in case of every coin always check the history prices specifically in case of long term trading.

You can't ignore what's at hand, halving is coming and bull run signs are already there, several coins have gone multiple X already, BRC20 shitcoins are giving hefty returns, this time also we are seeing positive news surrounding crypto as BTC ETF was just approved. What more guarantee do you look for?

Nothing is guaranteed, although I understand what the OP is trying to say. As @mindrust already mentioned, past data doesn't predict the future. Yes, the historical data show that Bitcoin has been performing in approximately 4-year-old circles, but that alone cannot guarantee what's going to happen in the future. Moreover, we don't have enough data to safely say that this will also happen in 4, 8, 12 years, and so on. If we suppose that we had a history of 30-year-old data and identified that every circle runs every 4 years and the price surges to a new ATH every time, or close at least, then we could be more confident in what we could predict for the future.
I was completely disheartened when Bitcoin crashed in 2017/2018, and lost interest in cryptocurrencies. After I saw what capabilities it had, rising up to $20.000 again. in 2020, I was certain that I needed to get back on track.

Perhaps, that was part of the market analysis and it is a must just to understand and be aware of where it is now, and possibly in the future. Having the comparison in every year trend, we can easily determine if this is the right time to invest or not, or if I'm going to hold or sell them.

Despite the unpredictable trend of the market at least having those records will simply help us prepare. That will prove how crypto grows from almost nothing to something valuable. Without it, only a few will have the courage to invest but as we can see, it keeps on growing.

How come statistics and data from the past don't give you any idea what the performance is in the future? Even if we take a look at the average fee from the charts we could have any idea when it will have the possibility to increase its value, it might not be 100% since it is just a speculation but you still have an idea what to follow. Even not in Bitcoin, just look at some companies and ask why they keep records of the past years despite not having an assurance that it would be the same outcome in the current or next years. If you are a long-term holder of Bitcoin and don't do DCA maybe keeping an eye on the charts would not be for you since there are still traders that would have to use this data.

If you are a long term hodler you don't need to worry about the ups and downs but if you try to look at the chart from 2011 to 2024 price performs great in uptrend position. Though we are not sure on the future performance of Bitcoin but past performances might give us a clue on how it may perform in the future.

So you're saying the past performance of a coin doesn't matter? How do you trust something without knowing how it has performed in the past?
If it wasn't for history how do we know the effect the halving has on Bitcoin price? Of course, it's not a certainty that this halving will have the same effect on price as others, but it is only because of the past that we can speculate that.
If you want to do business with someone on the forum, you'll most likely use his/her trust history, that's their past. If you want to use a service, sometimes you check the reviews.
I'm not saying Bitcoin price history is the only thing you look at, but it's going to be among the things to look at.

Bitcoin price has gone from the lowest point to a point where nobody believed it would (except the visionary, of course) and back to a very low point. A level that people doubted if it would ever recover but then again, it recovers again and shocks people, something within a very short period, other times slowly. This is what should always give a holder hope to keep holding his Bitcoin.

If you check my post history, you'll see that I always complain about high network fees because I believe that's where the real adoption starts. There's no point in the whole world accepting Bitcoin if the cost of using Bitcoin is relatively higher than its alternative. Or if you want to use a lower fee you have to wait hours, days, or even weeks.
But this post was directed at "holders".
When you're holding Bitcoin for years, you don't really care about the transaction fees. Ridiculously high network fees are a problem when you want to use Bitcoin as a currency or when you want to exchange it for fiat.

It is true that knowing the history of Bitcoin prices will make us calmer in holding Bitcoin for a long period of time, because if we don't understand Bitcoin prices well then we will panic when the price goes down and what's worse, we sell not at the right time. to gain benefits for us, this would really be very detrimental.
Yes, if we have a good understanding of price history then we will be able to trade and this can also make a profit from the trade and also we will trade well because we understand price movements well.

So you mean to say Bitcoin won't make ATH this time around 1/1.5 years after halving?

You know, this topic and the one-line quote actually reminded me of the comment I just made the day before yesterday on a post. Some people sell their bitcoin quickly due to price panic, and some people don't invest in bitcoin because they feel that the price is very expensive. The reason they have this misconception could simply be because they just met Bitcoin at the price it was trading at when they knew about it. If these same people actually study the price history of Bitcoin, some of them will not panic sell, and some of them will even begin to invest in Bitcoin. Some people don't know about the DCA strategy that some of us regularly preach about here, and these are the reasons why it's very important to also learn about price history.

Below is the comment I just made the other day.

Sure you need to know the price history, but funny enough, for some people, knowing the price history is still not enough to keep them grounded.

History may have chances to repeat itself so it's essential to learn the history at least. Most particularly for bitcoin where it's price movement is unpredictable due to its high volatility, then I believe by knowing its price history, you will gain ideas and insights as to where its price movement is heading.

While analyzing the market charts and patterns are of high importance, it's also a must that you should learn how to predict the market so you will know when to best trade and when not to. History is quite important, but we should always give more focus to its present price as it could create a huge impact on the outcome of our trading or investing.

The importance of knowing Bitcoin historical prices would enhance your confidence to  not panicking by the volatility of Bitcoin because at then, you Will be tendered to have the confidential believe that the appreciations or the depreciation current mode of Bitcoin could be changeable at any given time so, need for panicking would definitely have you no benefits while you have to remain calm.
Meanwhile.... Learning about the historical prices of Bitcoin would profer you better chances to trade your coins amicably at most especially during purchase, the craving for hodling and when to sell. The honesty is that Bitcoin has never lost its potentials values although the prices would definitely remain unpredictably unassured by the Investors.

Currently writing a book covering BTC price history:

https://drive.google.com/file/d/1VZsSeyfJLDVL5BDubpus-TMSq-ngCKyd/view?usp=sharing

Bitcoin history book thread:


https://bitcointalksearch.org/topic/bitcoin-history-book-chance-to-have-your-own-page-10-pages-available-5475400

They say that no knowledge goes to waste. I agree that the price history is past and doesn’t determine what will happen but it doesn’t hurt to know or learn about it. For me I think it’s important for those who want to trade Bitcoin and even those who want to invest over a long period of time. Let’s not forget that it’s still previous price charts that traders use to predict the next move.

Knowing the stages Bitcoin has gone through and its adoption rate makes it easier to predict where Bitcoin will go. At the same time, it can determine what kind of attitude one will have towards the speculations made today. So, having knowledge about Bitcoin can put you in an advantageous position.

You can learn about the decisions you make and many issues you need to pay attention to when investing by looking at Bitcoin's history. Just looking at the price of Bitcoin may not be enough, so having as much information as you can about Bitcoin will help you move more easily in the market and benefit you.

Of course, before investing in bitcoin, we must first know the history of bitcoin, because this is important to start investing, especially if the investment will be made in the long term. I think not only bitcoin, almost all investments, we should study their history.

Apart from knowing the foundation, this is also our reference for making investment decisions because we already understand the history and graphic patterns. I even believe that one of the investments that produces hundreds of percent is bitcoin investment. I will continue to do dca and invest in bitcoin. because by studying the history of bitcoin we also know that bitcoin has a four-year cycle which makes the price of bitcoin always rise and creates a new ATH.

First, all data is for reference only and then there is speculation, if it happens according to speculation then it is a coincidence and nothing really guarantees it is completely correct . I also used to be very fascinated with past data to conclude that prices follow a specific rule, but that doesn't happen, or maybe it's just me and many people who can't afford it. If it's true, then I believe the crowd will become truly rich.

So what is considered a statement is just a way to lure/counter the presence of an active object. With bitcoin we can implicitly understand that its value will increase over a long period of time with the fiat exchange rate, but it doesn't mean that the journey only increases, but it comes with fluctuations. It is simply the process of accomplishing goals through personal strategy, and no one is truly capable of helping people by acting on their own.

It is true that we must know the Bitcoin price history to understand the price growth of Bitcoin. If we don't know the price history of Bitcoin, we can't understand the cycle of bearish and bullish. Understanding the price history of Bitcoin will help us to determine when we must buy and sell our Bitcoin. It is not only about to strengthen our mentality, but it is the way to make good decisions for Bitcoin investment.

I'm sure every investor must learn carefully the price history of Bitcoin. It gives them an idea to predict the potential growth of Bitcoin price in the future. Investors want to know how good the potential of Bitcoin in the future. By analyzing the price history, investors can create a roadmap for the plan of their investments in the next few years.

The history can be reviewed in minutes, a 24-hour history gives the necessary information for whoever interprets it, the longer the history, the better the tendency is towards that beautiful "45º" curve, so, it is indeed important, just We must use it correctly and add additional information to "try" to be as close as possible to the price we want to project with our prediction.

Knowing the history is good indeed but it's not just that the only thing that is important to know but also the reason why it increase and decrease. One more thing is that you should also make some research if the information you got is correct so it won't be a misinformation when someone reads it just like what upgrade have explained. I don't know if you get it from somewhere else or you made a mistake of what you want to share 2019 is a bear market time where it was around $3k on January when on 2018 it was around $10k which shows a great difference on its price.

Apart from in Bitcoin analysis, there is no type of analysis that does not put into account the history occurrences. Without past will present not form and on the basics of the present is the future formed. Although, historic trace alone cannot give you a well defined or an independently reliable information. There are other factors which negates the history track record most times.
In a nutshell, I can say that Bitcoin price history is important to every bitcoiner, but should be more important to say traders and short term investors. I think HODLERS are free from the headache of price crises.

This is where fundamental and technical analysis meets and augments each other

   Maybe somehow it is still good that we know something about the history of Bitcoin. Of course, it can be a guide that we know how it was created and why it was made. That's why it won't be proof to say that through history we can get a big profit here; of course that's not the case.

   Actually, there are many things that should be considered, although it's a big factor from another angle that we are accurate about Bitcoin's past in this industry that we are in.

This is the very statement that everyone should know as I definitely agree with you.

Sure, the price history of index showed a significant increase to its price ever since it started way back in 2009. But understanding those key events that lead to its price right now should be taken into account before you invest. While a person may use its price history index as basis for investing, you must also know the reason on why bear and bull runs happened within those years also.

A person should not just blindly invest without knowing on why the price of BTC increased in the first place. Not to mention, even during those bullish runs, there were some bearish runs that caused the price of BTC to crash in those said years.

That’s why only technical analysis like past bitcoin price history is not the only thing that most bitcoin traders look into there is also the fundamental analysis which plays a major role in the price movement. Just like the example you brought about the last quarter of 2023 been bullish instead of the regular bearish market we see most especially if it is year to bitcoin halving I will say it was fundamental like the hype around the just approved bitcoin ETF that made it so.

You could remember that whenever a rumor is spread the market reacts to such rumors either by falling if was a negative one and by pumping if it was a positive one. Fundamentals play same role as technical in bitcoin price. Some few examples of these are government policies on cryptocurrency, regulations and also news around exchanges or banks like hacks or bankruptcy. Some economical effect too like recession or inflation rate also contributes to the situation surrounding the bitcoin price reaction

As a beginner, you're not expected to know about the market price movement alone, but have the deep insight of what bitcoin is, the types of wallets, their security practice, how to track the market price, speculate and find for different resource needed for your own benefits with bitcoin, understand risk management and get every required information needed to know and always keep upto date as well.

Most important, knowing Bitcoin price history is most important when you were going for trading. The price of Bitcoin we see is certainly through the chart, does it only show the current price of Bitcoin? The chart show the previous price of Bitcoin. Moreover, if you want to trade in Bitcoin or any other coin, it is possible to trade only after seeing its previous or history price, otherwise it will not be trading, it will be gambling.
Moreover, for those who are trading in Bitcoin for long term or holding Bitcoin, it is necessary to see the previous price history of Bitcoin.  Because depending on it they can adopt their long term strategy.

Sorry but I had to stop reading your post right there. The way I see it, you just found a way to f yourself exponentially. It is because the charts only give you the past data. They don't really tell you anything about the future. If you want to trust btc, look at its fundamentals. Look at its adoption rate. See how many mercs do business with btc. A good chart doesn't mean anything if btc fees keeps rising and the network becomes unusable for many people. All of that could come down very quickly. Slowly at first, then suddenly.

2019 was one of the bearish years where the price of Bitcoin had dropped following the dump started in 2018. Knowing Bitcoin price history is important but we still cannot speculate things with the past though we can relate it like we have seen bull run whenever halving has taken place (follows the next year from the halving year), reason I am saying we cannot predict or speculate based on price history is because I used to follow the same and in last couple of Decembers we haver seen Bitcoin dumping hence I though December brings this jinx which was not the case in 2023 as in the month of December in fact Bitcoin prospered even further.  But price history helps un in making calculated steps.

Yes, that's true. My mistake. Thanks for the correction.

Checking charts can be useful, but understanding what caused significant market shifts in the past and calculating how much influence such events have now and in the coming years is also very important.

That was 2017.
2019 was a bear period just like the year before it, leading up to the bull run of late 2020/2021.

My trust in Bitcoin grew exponentially when I knew the price history of Bitcoin.
Besides other things, history is one main thing used in technical analysis. You can't analyze a market if you don't know the history of that market. History helps you determine how that market behaves at different points in time.

Bitcoin price history is necessary for all Bitcoiners, but to be a successful holder you have to understand the price history of Bitcoin.
This will help you understand the volatility of Bitcoin.
When you know the price history of Bitcoin you will understand that there is nothing new about the fall and rise of price. Also, the history will let you know that the price always goes back up after a fall and that should help you in your effort to hold Bitcoin.

When you read about the price history you'll see years like 2017 where Bitcoin peaked at just over $19000 from a thousand dollars. The volatility of Bitcoin goes both ways and you can only hold on to your Bitcoin when you know these things.

This is a graph of Bitcoin price in 2014 by Statmuse

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.