Post
Topic
Board Bitcoin Discussion
Re: What DECEMBER means to a Bitcoin investor
by
CryptoHeadlineNews
on 28/12/2024, 16:49:04 UTC
I like the last aspect of your December definition in crypto terms, Return on Investment is very much important in this regard, if we look towards how we have started the year from the beginning to the end, we could sum it up being a profitable year or not,
Yes, 2024 was indeed a profitable year for Bitcoin investors, because judging from the fact how Bitcoin started the year with it's average price rate of $42,000 per BTC and now currently ending with a price value of $94,000 at the time of writing this post, that's approximately over 120% profit for whoever may have invested in Bitcoin January 2024 and kept holding til this very moment, despite the fact we it crossed a new All Time High of over $108k and now $94k. Hence, Bitcoin remains the best asset for long term investment.

Some people bought at $106,000, and even when the price clocked $107k, they will be on the losing side now if they are to sell below their purchase price. Let's just hope that the remaining days of December, which is just 3 days from now, will bring a green market.
I actually don't know how long this correlation intend to last, but I'm pretty sure in this remaining 3 days left in 2024, the possibility of Bitcoin crossing $100k again is slim, but an extra $5k may be possible if it goes green.