Topic: Some facts about bitcoin and what we should expect (Read 121 times)
Bitcoin really is unpredictable. Value goes up and down in just a matter of time. Patience and belief among investors is the key to be successful in having profits in Bitcoin.
For those who have started losing hope on crypto because of the long bear, I want us to look at the statistics on btc movement so we won't be discouraged. There is still light at the end of the tunnel
Mar 2010, btc $0.003
May 2010, btc 0.01$
October 2010 0.125$
Feb-April 2011, $1
July 2011, 31$
From 0.003$ to 31$ in roughly a year, that's X10k+
December of same year 2011 btc fell to $2
Pause, think, imagine the scenario
When it was very skeptical and there was very little believe in btc and yet it fell 31$ to 2$ be July 2011 and December of same year
One full year later, precisely December 2012, it went to 13$!
Four months later, April 2013, it went to $266!!!!
By May 2013, another 50% correction. It fell to $130
By June of same 2013, it fell to $100. About -62%
Whilst the FUDS made it go lower.... What happened next?
Nov of same year, 2013, 5months later, boom! Went to $1242
Dec, it fell again to $600
Another 50% correction
April 2014, it dumped further to $340
And went further down by March 2015 to 200$
This lingered till the end of that year
at least till Oct of that year
Which means within 2years, we had 84% correction
However, last year 2017,
Needless to say, we went from $600 end of 2016 to $5000 September 2017
We month, we flashed crashed to 2900$ -42%
By December 2017, we were at approx 20k$
It fell same Dec 22 to 13k$
And now we are at 6.2k , where we were by Feb this year.
So look at the above movement to know that this is not the first time we are experiencing this, all what we need is patience
Mar 2010, btc $0.003
May 2010, btc 0.01$
October 2010 0.125$
Feb-April 2011, $1
July 2011, 31$
From 0.003$ to 31$ in roughly a year, that's X10k+
December of same year 2011 btc fell to $2
Pause, think, imagine the scenario
When it was very skeptical and there was very little believe in btc and yet it fell 31$ to 2$ be July 2011 and December of same year
One full year later, precisely December 2012, it went to 13$!
Four months later, April 2013, it went to $266!!!!
By May 2013, another 50% correction. It fell to $130
By June of same 2013, it fell to $100. About -62%
Whilst the FUDS made it go lower.... What happened next?
Nov of same year, 2013, 5months later, boom! Went to $1242
Dec, it fell again to $600
Another 50% correction
April 2014, it dumped further to $340
And went further down by March 2015 to 200$
This lingered till the end of that year
at least till Oct of that year
Which means within 2years, we had 84% correction
However, last year 2017,
Needless to say, we went from $600 end of 2016 to $5000 September 2017
We month, we flashed crashed to 2900$ -42%
By December 2017, we were at approx 20k$
It fell same Dec 22 to 13k$
And now we are at 6.2k , where we were by Feb this year.
So look at the above movement to know that this is not the first time we are experiencing this, all what we need is patience
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