Whats up crypto people!
Today I have a very special article for all of you where I am going to analyse Bitcoin (BTC) and give some thought provoking questions and opinions to see if what you think about this year and the next 2 years will be the same after you read what I have to say, this article will be different as I will be using much more graphs so you can get more of a visual representation of the data, so here we go:
Now The bounce everyone is waiting for isn’t all about nothing, it’s based on historical data. Now apologies for the ridiculous projection line, personally i hate these but w.e, keeps most of us going hey 😂
But for the more serious of you here is a proper chart from 2011 till now:
I know the image is a bit small but as you can see BTC’s rise was steady and then shot up, but really it wasn’t. Here is a graph of the annual volatility which I think is great when paired with the price charts:
Q1 For you the reader:
What do you think/see when look at both of those charts together?
Personally I see a repetitive cycle that BTC has taken from 2012 -2012 and from 2014 – 2017, when is the next one? let me know what you think in the comments below.
Now lets move on to the next graph:
So the first 6 month chart is taken from coinmarketcap and is this years BTC price but what I want to focus on is the fig.2 char which just clearly show us the 4 year cycle BTC has taken since the start so that leads me to my second question:
Do you think history will repeat itself or will BTC see another destiny?
I won’t comment on this and really want you lot to tell me below in the comments what you think about the price and if we will see a slow rise once again or a huge pump or something else?
Look as I see it and i’m sure most of you do also, BTC is becoming a standard much like GOLD did, but the GOLD standard to money is gone is it possible for a crypto to be a new standard? is it possible for a crypto to replace fiat? Where can crypto possible go it’s exciting times but regulations have created uncertain times combined with extreme market manipulation which uses these regulations combined with fake news to weed out the weak hands and to buy BTC OTC (meaning over the counter, as most large BTC deals are done not on exchanges but person to person, so the price of it isn’t affected), so the possibility of a huge rise due to those buyers deciding not to sell anymore one day. Will you be ready?
The way I see it is that everyone should have one BTC first before you have any alts, but each to their own and if you think there is something with a bigger ROI then no one can stop you haha
So even though I haven’t written much I think there is a lot to think about. Hope you enjoyed my more visual representation of my thoughts and as always hope you are well.
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