Consequently, their every move has a strong impact on the market.
This may impact for short terms but in the long terms the market stables and it moves on with its own terms.
2012 bottom was $3
2014 bottom was $300
2017 bottom was $1200
2020 bottom was $5300
Is there any sequence in the numbers?
2012 to 2014 the percentage gain is super high, 2014 to 2017 is not much higher compering to the first but close to 2017 to 2020. It's 300 to 350% gain. From 2020 to current rate it's around $21000. We have under $18k few days ago. Shall we consider it as already a bottom?
I understand it does not make sense though 😂