Post
Topic
Board Economics
Re: Looking at Bitcoin's price increase via YEARLY LOWS
by
fullhdpixel
on 27/07/2019, 18:24:50 UTC
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.