Bitcoin price history is necessary for all Bitcoiners, but to be a successful holder you have to understand the price history of Bitcoin.
This will help you understand the volatility of Bitcoin.
When you know the price history of Bitcoin you will understand that there is nothing new about the fall and rise of price. Also, the history will let you know that the price always goes back up after a fall and that should help you in your effort to hold Bitcoin.
Checking the history of bitcoin before investing, after investing, or when learning the process of bitcoin investment is very important. It will help a newbie investor know the steps to take and understand how the price of bitcoin has been falling and rising since its existence, not only now that the demand is high but also so that the newbie investor will understand and find the investment easy. The history will also guide him to know how volatile the bitcoin market is and some other things to know about bitcoin investment.
Because most newbie investors lack much of this background knowledge of the bitcoin market, anytime they see the market turn to the other side, they start panicking, thinking that they will lose their invested money, which is not what they should do because the bitcoin market is so volatile and it requires patience with the hope of putting their money for a long period of time. I believe with this type of mindset, they won’t react when the market doesn’t favour them at the moment.