Post
Topic
Board Bitcoin Discussion
Re: Knowing Bitcoin price history is important
by
oktana
on 12/01/2024, 22:33:43 UTC
My trust in Bitcoin grew exponentially when I knew the price history of Bitcoin.

Sorry but I had to stop reading your post right there. The way I see it, you just found a way to f yourself exponentially. It is because the charts only give you the past data. They don't really tell you anything about the future. If you want to trust btc, look at its fundamentals. Look at its adoption rate. See how many mercs do business with btc. A good chart doesn't mean anything if btc fees keeps rising and the network becomes unusable for many people. All of that could come down very quickly. Slowly at first, then suddenly.

They say that no knowledge goes to waste. I agree that the price history is past and doesn’t determine what will happen but it doesn’t hurt to know or learn about it. For me I think it’s important for those who want to trade Bitcoin and even those who want to invest over a long period of time. Let’s not forget that it’s still previous price charts that traders use to predict the next move.