The occurrence of bitcoin price movements from year to year - page 2.

Tigorss

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Quote from: andthereyou on September 26, 2018, 01:31:51 AM

We can observed in the price history of bitcoin that it keep rising and falling repeatedly. Thus we can say that history is keep repeating itself and I believed that buying bitcoin is still profitable in the long run. But for better return of investment, altcoin is the better choice.

bitcoin is indeed the choice for the long term, but the question and the problem of how to anticipate or makae our money keep running while in bitcoin takes a long time, whereas we cannot delay the need, bitcoin is increased and sometimes it also decreases we can see from the graph above this does occur from year to year

BrewMaster

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i think an overall chart plus a chart for a longer time than 1 year would have been better to show the trends that bitcoin usually follow because the cycles are a bit longer than 1 year sometimes and also the 2013-2014 case has been an exception that only happened once this past 10 years of bitcoins history.

in any case the long term is what you should always look at and 1 year charts are still a pretty good thing to see. it didn't have to be a whole year of down market after the $20k bubble but so far we have had 9 months of it because almost everyone believed that is how it should be!

hase0278

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Quote from: davis196 on September 27, 2018, 07:05:56 AM

This is the real picture of global bitcoin growth,not the price movement. Grin

Unfortunately, OP is not here to talk about the global bitcoin growth but instead its growth based on price. Either way, you are right that the volumes itself are the real sign of the increase in bitcoin adoption and not the price.

Quote from: wendiar19 on September 26, 2018, 12:44:42 AM

from this data shows that not always the price of bitcoin can be high, there must be a year that makes the price of bitcoin collapse and this year the price movements are almost the same as in 2014-2015 (prices tend to fall).

It is also noticeable that the year 2015-2016 chart is missing but if you look at it on coinmarketcap, one can notice that it was uneventful during that time frame(based on chart). The price goes up and down every now and then but is kept at a certain price range by that time. With that, I think if anyone is to speculate that we will see another repeat of that pattern, then the upcoming year would be the same as the year 2015-2016.

1Referee

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Quote from: davis196 on September 27, 2018, 07:05:56 AM

The only intersting thing about those charts is the 24hour bitcoin trading volume.
2013-0
2014/15-82,333,800
2016/17-190,215,000
2017/18-14,649,800,000

This is the real picture of global bitcoin growth,not the price movement. Grin

It shows growth for sure, but it's quite inflated as well. Firstly because you're only looking at peak volume moments, and secondly, as time goes by more exchanges are added to CMC, which autmatically adds way more volume, even in case there hasn't really been that much organic growth at all.

Another thing to take in mind is that Asian exchanges are champion in faking volumes, which has been a major contributor to globally increasing trading volumes as well, and let Asian exchanges be the main price drivers of the last year(s). In other words, everything concerning volumes should be taken with a grain of salt.

davis196

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The only intersting thing about those charts is the 24hour bitcoin trading volume.
2013-0
2014/15-82,333,800
2016/17-190,215,000
2017/18-14,649,800,000

This is the real picture of global bitcoin growth,not the price movement. Grin

Jating

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Quote from: zazarb on September 27, 2018, 03:19:18 AM

Everything we see, is that the price always fluctuates. But price comes up from a general point of view. However, at the end of the year there not always should be a rise in prices, so this year is not guaranteed to be more successful than the year in the pass.

Exactly, bitcoin price always seems to fluctuates every like 2-3 years.

2013-2014 bearish trend
2015-17 bullish trend

I understand that past performance does not guarantee future success but if you don't want to make things complicated for you just look at the whole picture and you can decide when is the possible year that bitcoin can make a good run at the market. With that said, I see that we will keep on struggling this year but 2019 will be a bit different as it might signal the start of the bull run leading to the next halving in 2020.

zazarb

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Everything we see, is that the price always fluctuates. But price comes up from a general point of view. However, at the end of the year there not always should be a rise in prices, so this year is not guaranteed to be more successful than the year in the pass.

andthereyou

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We can observed in the price history of bitcoin that it keep rising and falling repeatedly. Thus we can say that history is keep repeating itself and I believed that buying bitcoin is still profitable in the long run. But for better return of investment, altcoin is the better choice.

wendiar19

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this is the movement from 2013 to 2018 which is obtained from the https://coinmarketcap.com/currencies/bitcoin/ data from this picture what information can you get? with data from bitcoin price movements that have a span of one year I hope it can help you to be able to provide predictions for the price of bitcoin that will occur this year and in the next few years.

Bitcoin price movements with a span of 1 year (2013-2014)

Bitcoin price movements with a span of 1 year (2014-2015)

Bitcoin price movements with a span of 1 year (2016-2017)

Bitcoin price movements with a span of 1 year (2017-2018)

from this data shows that not always the price of bitcoin can be high, there must be a year that makes the price of bitcoin collapse and this year the price movements are almost the same as in 2014-2015 (prices tend to fall).

Topic: The occurrence of bitcoin price movements from year to year - page 2. (Read 335 times)