Looking at Bitcoin's price increase via YEARLY LOWS

jostorres

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Quote from: yslyv on July 23, 2019, 08:40:25 AM

Quote from: shitexpress on May 30, 2019, 06:21:33 AM

By looking only at the yearly lowest dollar value you'll find out that Bitcoin is always more expensive in a given year than in the previous year. On average, its dollar value increases (at least) 325% p.a. on average (2010 - 2018).

Thoughts, ideas?

Full video at http://y2u.be/5TMygwWv4dc

it is correct. but since end of last bull run (end of 2017) bitcoin is going down and all the market keeps bleeding with bitcoin. i hope this will change and at the end of 2019 we will see again good ath from bitcoin.

What is still bleeding about the market of bitcoin here? I can agree with altcoins to say their market is still bleeding, but I think bitcoin market is already far from that the moment we started the bull run from early April. Things are already changing with bitcoin and has we can see that bitcoin has made some unimaginable move as regards its price increase this year, there is still more room for increase and I believe that before the end of this year, bitcoin ill touch the last all time high of the last bull run.

Altcoins market is the one bleeding now, but I believe that any moment from now when bitcoin gets to a stage this year where it starts going sideways, there will be a positive development as regards their own market too which they must surely stop bleeding too.

Tungsten-1

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Quote from: Panchum on July 23, 2019, 10:52:06 AM

Quote from: shitexpress on May 30, 2019, 06:21:33 AM

By looking only at the yearly lowest dollar value you'll find out that Bitcoin is always more expensive in a given year than in the previous year. On average, its dollar value increases (at least) 325% p.a. on average (2010 - 2018).

Thoughts, ideas?

Full video at http://y2u.be/5TMygwWv4dc

I can say that bitcoin now is possible to increase maybe its too long but l can see the shinning glimpse of bitcoin will rise this year.This what people are waiting for,to have a good outcome of our prayers to have bitcoin increasing price for the promising benefits of bitcoin to become a millionaire.

Same here. I think that there are many reasons behind the pumping prices of Bitcoin. This is a statistical truth and is evident from the data that on the average, the price of Bitcoin happen to rise more than the fall in its market value which means that we are getting its market value appreciated more and more and this is the reason of such a high rate of speculation in the coin.

Panchum

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Quote from: shitexpress on May 30, 2019, 06:21:33 AM

By looking only at the yearly lowest dollar value you'll find out that Bitcoin is always more expensive in a given year than in the previous year. On average, its dollar value increases (at least) 325% p.a. on average (2010 - 2018).

Thoughts, ideas?

Full video at http://y2u.be/5TMygwWv4dc

I can say that bitcoin now is possible to increase maybe its too long but l can see the shinning glimpse of bitcoin will rise this year.This what people are waiting for,to have a good outcome of our prayers to have bitcoin increasing price for the promising benefits of bitcoin to become a millionaire.

yslyv

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Quote from: shitexpress on May 30, 2019, 06:21:33 AM

By looking only at the yearly lowest dollar value you'll find out that Bitcoin is always more expensive in a given year than in the previous year. On average, its dollar value increases (at least) 325% p.a. on average (2010 - 2018).

Thoughts, ideas?

Full video at http://y2u.be/5TMygwWv4dc

it is correct. but since end of last bull run (end of 2017) bitcoin is going down and all the market keeps bleeding with bitcoin. i hope this will change and at the end of 2019 we will see again good ath from bitcoin.

fullhdpixel

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Quote from: Febo on July 14, 2019, 09:01:12 PM

Quote from: shitexpress on May 30, 2019, 06:21:33 AM

By looking only at the yearly lowest dollar value you'll find out that Bitcoin is always more expensive in a given year than in the previous year. On average, its dollar value increases (at least) 325% p.a. on average (2010 - 2018).

Thoughts, ideas?

Full video at http://y2u.be/5TMygwWv4dc

That video is wrong. In 2014 Bitcoin was never under $100. It was actually never under $300.

What does it matter if the video is wrong or not, the message that is needed to be passed has been passed, bitcoin is always higher in a particular given year than the previous year, even if bitcoin was at $300 in 2014, but 2015 was far higher than that and so as other years until bear market creeped in, and now that the bear market is over, same thing will still happen as we can already see that this year is already greater than last year and even if the market will have a deep correction, there is no way that it can be as low as the previous year.

The growth of bitcoin has always been wonderful and I am sure that by next year ending, we will be having another beautiful record of bitcoin value that will be higher than this year because I do not foresee any bear market for now.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: davinchi on July 22, 2019, 02:27:09 AM

I remember vividly that I cashed out 3 bitcoins at 10 thousand dollars that year, if I have waited I could have cashed out on 60 thousand dollars at the max but I felt like 10 thousand dollars for 3 bitcoin was already huge, as you can see I was "profiting" on something that I could have profited even more. Whenever you bet bitcoin not going any higher, you are taking a big risk.

Dont put that "I could have made more" thought, it makes you go mad. In any trading of speculative assets its important to enter at the right time and also exit at the right time. Exit a few points early is better than losing out because it crashed by them and you missed the selling point. Though crypto exchanges allow you to place orders for unlimited mount of time so you wont miss, but make you orders realistic, which I think you did nicely.

I feel that anyone who thinks that they missed the train, is wrong because the prices will come down again and in future you will get your opportunity, so people should stop whining about "when moon" and so on.

davinchi

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I don't think that yearly lows are enough ,yearly highs are very important too but yearly lows basically show us that bitcoin never really goes down as a whole thanks to the 2018 and 2017 differences we can see that. Yes in 2017 it went up a lot and than in 2018 it went down a lot as well but when you look at the yearly lows you can see that if you didn't join the bitcoin community during November-December of 2017 but earlier you could have profited even from that.

I remember vividly that I cashed out 3 bitcoins at 10 thousand dollars that year, if I have waited I could have cashed out on 60 thousand dollars at the max but I felt like 10 thousand dollars for 3 bitcoin was already huge, as you can see I was "profiting" on something that I could have profited even more. Whenever you bet bitcoin not going any higher, you are taking a big risk.

FanEagle

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It does prove bitcoin as a good investment if you get in the right time, it still doesn't make a difference to people who bought at 20 thousand dollars. Do not forget that in order to have an all time high it means someone has to buy from the top, if it was 20 thousand dollars there needs to be someone who bought at 20 thousand dollars to make that price.

Now, of course with time that will be reached, maybe in a month, maybe in a decade who knows but it will be reached, bitcoin is against inflation of dollar which is a good race because the more inflation goes up the higher price of bitcoin will be and that is why with years it will only go up but if you bought from the peak prices then you would have to wait. Same happened with people who bought from 1400 dollars back in the day, they finally made their money back but it took a good while before they reached there.

Janation

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Quote from: hahahafr on July 19, 2019, 07:11:47 PM

That's so true, the yearly lows of Bitcoin has been increasing and the amazing thing about it is that anytime we see another new low after a bull run the next rise is to another all time high. That is the more reason why many crypto enthusiasts are predicting about bitcoin reaching another all time high if it's bull run's begins again.

When the price falls drop, a lot of investors will take that as a good opportunity to buy again, then the price makes a positive change that may trigger another ATH.

We don't know really what is the true movement of Btc, we just based our strategies on the changes that are happening. All we know is that there will always be these investors that will take advantage of the price dumps and that is the reason why Bitcoin will never be that crypto that dies quickly and the reason why there is always a chance for a new ATH to come up, and more profits.

hahahafr

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That's so true, the yearly lows of Bitcoin has been increasing and the amazing thing about it is that anytime we see another new low after a bull run the next rise is to another all time high. That is the more reason why many crypto enthusiasts are predicting about bitcoin reaching another all time high if it's bull run's begins again.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: ufaiz50 on July 15, 2019, 07:13:21 PM

Indeed, based on the history of the year we can clearly see that the lowest point of bitcoin always goes up, but not for the highest price, when bearish prices are many old users who state that "the lowest value always rises" so that users do not panic. This proves that bitcoin investment is the best long-term investment? I don't think so, why are users always afraid when the value goes down, the main key of investment is management and information

This proves that bitcoin as an investment is a good option for those who are willing to put their money in it. If the lowest prices rises then it only becomes more difficult for people to enter at a lower price than you. Of course this is not perfectly correct, because a big dump below the price you buy at can happen any time.

But if you patient enough and know that the future support of bitcoin is very likely from all big whales then you should be assured of an uptrend.

bitgolden

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Quote from: Nunoluck on July 13, 2019, 06:45:26 AM

Quote from: shitexpress on May 30, 2019, 06:21:33 AM

By looking only at the yearly lowest dollar value you'll find out that Bitcoin is always more expensive in a given year than in the previous year. On average, its dollar value increases (at least) 325% p.a. on average (2010 - 2018).

Thoughts, ideas?

Full video at http://y2u.be/5TMygwWv4dc

But that doesn't mean that buy bitcoin will instantly give you profit in the short time. The best way is by using dollar cost averaging strategy and hold bitcoin for long term. If we choose this kind of strategy means thats we will become contrarian investors who only buy bitcoin when the price fall.

Bitcoin can actually give an instant result in a short term, but that will be through trading, if the holder knows how to trade with it, there are so many people that are getting profit from bitcoin on a daily, weekly and monthly basis, especially now that the market is already in uptrend, there is enough room now for people who are skillful in trade to make money in a short term, but for those who does not know how to trade or not willing to go into trading, long term investment is still the best bet and that is only when they can start talking of profit when the price of bitcoin start going on bull run.

I believe that people that invested when the market was dip and has held their coin for long would already be counting their profit by now, while a trader who knows how to trade has been counting their profit from the time of bear market too. So bitcoin can give profit for both short and long term investment.

iMark

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Quote from: pinkpanther03 on May 30, 2019, 06:44:51 AM

Considering that yearly lows of bitcoin for the past 10 years, bitcoin investment might be good for long term. Whatever happens, leaving your bitcoin for few years, you'll still end up with profit. You can have a yearly buy and sell to earn bigger returns of investment.

That's the fact that is on the chart and the bitcoin market history. In the long run, bitcoin always increases, yeah its true just leave bitcoin in the wallet for a few years, then you will be get profit.
this opportunity is very open, but unfortunately many people still waste this investment and strategy

ufaiz50

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Quote from: shitexpress on May 30, 2019, 06:21:33 AM

By looking only at the yearly lowest dollar value you'll find out that Bitcoin is always more expensive in a given year than in the previous year. On average, its dollar value increases (at least) 325% p.a. on average (2010 - 2018).

Thoughts, ideas?

Full video at http://y2u.be/5TMygwWv4dc

Indeed, based on the history of the year we can clearly see that the lowest point of bitcoin always goes up, but not for the highest price, when bearish prices are many old users who state that "the lowest value always rises" so that users do not panic. This proves that bitcoin investment is the best long-term investment? I don't think so, why are users always afraid when the value goes down, the main key of investment is management and information

Mehr Sher

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The awareness of Crypto History is so important because it is something that makes your life easier and more comfortable. A person just starting up will for sure panic when he will see the price dipping or increasing at such rapid pace. Now that same person when he studies the history will understand that it’s very much common thing and there is nothing to panic. It’s these small margins that makes such gigantic difference and reason why we need to watchful.

Febo

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Quote from: shitexpress on May 30, 2019, 06:21:33 AM

By looking only at the yearly lowest dollar value you'll find out that Bitcoin is always more expensive in a given year than in the previous year. On average, its dollar value increases (at least) 325% p.a. on average (2010 - 2018).

Thoughts, ideas?

Full video at http://y2u.be/5TMygwWv4dc

That video is wrong. In 2014 Bitcoin was never under $100. It was actually never under $300.

fiulpro

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This is exactly the reason so as why there is something called long term holding , people suggests holding Bitcoins for a long term so that we don't sell in fear and won't have to face the ups and downs of the market and after comes the regret of selling too soon , more or so , I think in the upcoming year 2021 which is predicted to take the price of Bitcoins to the sky is going to be a major boon for the market.

The growth of Bitcoins is amazing if we consider how it started from just dollars.

Nunoluck

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Quote from: shitexpress on May 30, 2019, 06:21:33 AM

By looking only at the yearly lowest dollar value you'll find out that Bitcoin is always more expensive in a given year than in the previous year. On average, its dollar value increases (at least) 325% p.a. on average (2010 - 2018).

Thoughts, ideas?

Full video at http://y2u.be/5TMygwWv4dc

But that doesn't mean that buy bitcoin will instantly give you profit in the short time. The best way is by using dollar cost averaging strategy and hold bitcoin for long term. If we choose this kind of strategy means thats we will become contrarian investors who only buy bitcoin when the price fall.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: ?? on ??

What is it that does not exist if I may ask? because that is the part of your own statement that I do not understand, bitcoin work can clearly be seen and even though there is no access to its antilogarithms, but it technology does exist, and there is no way we can be using something that its POS and POW are the main work that we see till today.

I meant that bitcoin does not have any physical existence. Although some collectibles are available for physcial bitcoins, they are just idols to load your crypto in them, not like fiat which is prone to wear and tear because it uses a physical media like coins and notes.

Quote

It does exist, but strong enough not to be destroyed because it is anonymous, and I guess that this is what you mean, no one can destroy what is anonymous. The volatility of this technology is what makes the system sweeter and more rewarding, and until supply is exhausted and demands becomes too high before we can have a reduced volatility or zero volatility, but till then, we will keep seeing increase every year.

I think you got my statement wrong. I meant that people talk about bitcoin being destroyed but they are wrong. Bitcoin cannot be destroyed by crashing the market, it will rise back to higher prices. Also I dont think volatility will be guaranteed to reduce after the supply is exhausted.

farwellbit

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Quote from: shitexpress on May 30, 2019, 06:21:33 AM

By looking only at the yearly lowest dollar value you'll find out that Bitcoin is always more expensive in a given year than in the previous year. On average, its dollar value increases (at least) 325% p.a. on average (2010 - 2018).

Thoughts, ideas?

Full video at http://y2u.be/5TMygwWv4dc

Bitcoin is growing yearly in price, cause what it was in the past ten years, compared to what it is now is a huge difference. But you should ask yourself if it’s still going to continue like that, especially now that the price has gotten this far, unless what some people are saying about the market cap growing to over a trillion is going to really happen. If the market is really going to continue the growth, then the yearly low will continue to go higher. It’s never a good idea to put trust in this, you should always just try to utilize the opportunities you see, And achieve something out of it, cause if you keep on wising for the future ,it might never come.

Topic: Looking at Bitcoin's price increase via YEARLY LOWS (Read 1199 times)