My trust in Bitcoin grew exponentially when I knew the price history of Bitcoin.
Besides other things, history is one main thing used in technical analysis. You can't analyze a market if you don't know the history of that market. History helps you determine how that market behaves at different points in time.
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Apart from in Bitcoin analysis, there is no type of analysis that does not put into account the history occurrences. Without past will present not form and on the basics of the present is the future formed. Although, historic trace alone cannot give you a well defined or an independently reliable information. There are other factors which negates the history track record most times. Besides other things, history is one main thing used in technical analysis. You can't analyze a market if you don't know the history of that market. History helps you determine how that market behaves at different points in time.
[/url]In a nutshell, I can say that Bitcoin price history is important to every bitcoiner, but should be more important to say traders and short term investors. I think HODLERS are free from the headache of price crises.
Checking charts can be useful, but understanding what caused significant market shifts in the past and calculating how much influence such events have now and in the coming years is also very important.
This is the very statement that everyone should know as I definitely agree with you.