My trust in Bitcoin grew exponentially when I knew the price history of Bitcoin.
You know, this topic and the one-line quote actually reminded me of the comment I just made the day before yesterday on a post. Some people sell their bitcoin quickly due to price panic, and some people don't invest in bitcoin because they feel that the price is very expensive. The reason they have this misconception could simply be because they just met Bitcoin at the price it was trading at when they knew about it. If these same people actually study the price history of Bitcoin, some of them will not panic sell, and some of them will even begin to invest in Bitcoin. Some people don't know about the DCA strategy that some of us regularly preach about here, and these are the reasons why it's very important to also learn about price history.
Below is the comment I just made the other day.
Just the other day, someone who picked up interest to invest in Bitcoin was actually seeking my attention so I could explain to him a few things about Bitcoin. In the middle of our discussion, he asked me if I think he can still make any good profit from Bitcoin, due to the fact that the price is currently too high; the price for that day was $42k. Then, I returned the question to him and asked him: How much was the last all-time high price for Bitcoin?
He stare in confusion before saying that he didn't know about Bitcoin's all-time high.