Quote from: Upgrade00 on January 12, 2024, 06:36:55 PM

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.

Quote from: Alpha Marine on January 12, 2024, 06:24:56 PM

When you read about the price history you'll see years like 2019 where Bitcoin peaked at just over $19000 from a thousand dollars.

That was 2017.
2019 was a bear period just like the year before it, leading up to the bull run of late 2020/2021.

Indeed the reason is more relevant than with just the idea that its market value have increased over the mentioned period of time. I believe that one reason which contributed to this increase was familiarization along with advancement of technology. I myself was guilty that I wasn't aware of the existence of this industry way back 2013. I never had the courage to invest that time 'coz I thought it will just be a waste of money. And likewise with most of you guys here, I regret not doing so. Bitcoin and this industry in general became known and trusted by more people over years due to its benefits such as decentralization to name one. But if it is with the progressive growth of its market price then I doubt for its relevance; history will repeat itself indeed as we saw before however, things won't be exactly the same simply because there are many underlying factors that affects the demand towads this blockchain.

Quote from: Rufsilf on Today at 04:17:23 PM

I think anyone buying Bitcoin, like you, ought to be aware of the cryptocurrency's past price.
You may use it to evaluate the possible benefits and risks of holding or trading the currency in this way.
Bitcoin has historically shown considerable price volatility, from what I can tell in the image you posted. Hence, it's difficult to predict when to purchase and sell it to avoid losing money in the end.
But, if you truly want to optimize your profit potential with bitcoin, you will need to do more research and gain a deeper grasp of cryptocurrencies in general. This does not mean that you can simply invest in bitcoin and hope for a rise in profit.
This pattern in bitcoin I believe it can be our basis for future price movements.

Quite of a domino effect; as its popularity spreads, the market value slowly increased before, as its price is increasing more people are getting their interests up as well, forming a continuous cycle. Bitcoin's market price volatility was its downside but is now where investors benefit more. There's no consistency on its price movement as we all know; patience is the only thing needed aside from risk tolerance with the amount you are planning to invest. It is a profitable asset indeed however, its market price will always have the tendency to fall given that nothing supports it than demand and demand happened to just be a changing variable due to several factors or reasons.