Post
Topic
Board Economics
Re: Why You should not worry about BTC price action
by
arwin100
on 05/07/2022, 10:32:49 UTC
From the graph, it shows that in 2010 from a low of $0.09, it rose to $26.90 by 2.960%. fast forward to 2014-2015, we experienced a price dipping from a high of $1,238 to $687.50 then to $315.21.
 Bitcoin holders experienced surplus in the period of 2016- 2021. In October of 2021, it climbed to an all time high of $68.991k but slumped to $49,243k in Nov of the same year.
  Coming to 2022, we've had series of price fluctuations with recent lows of $17,700k. This is not the first time BTC slump is experienced in the market; so if there was a massive spike in 2013, 2019 and 2021, then possibly we should expect a price rocketing soon and this time it will be above $100k.https://bitcoinmagazine.com/culture/bitcoin-price-action-does-matter

Everyone needs to be cool on bear season events since this is a huge test for investors on how to take action towards their investments and if they get panic easily on what they see then maybe they are not doing good research that's why they prone to lose more money when bad market activities occur. As you said this is not the first time bitcoin slump so hopefully the data will be the huge basis for other to trust bitcoin since red days normally happen on it every year.