Quote from: gold1112 on September 24, 2018, 05:03:47 PM

When people say Bitcoin is dead, make sure to show them this graph. What an outstanding performing asset. This is why people invest in Bitcoin, hold on to your seat belts!
Wink

What are your thoughts for next 12 months?

https://i.imgur.com/tHSwjSf.png

It's a really striking graph, I never knew that there was a steady increase over the years when you check the September price. I was curious if this was just a "September phenomenon", so I checked the historical data from coinmarketcap.com (available here: https://coinmarketcap.com/currencies/bitcoin/historical-data/) and took instead the May price. Here are my results:

https://i.imgur.com/iA4FZU5.png
As you can see, it shows basically the same trend as your image: Bitcoin price seems to be growing steadily. However, there is another angle worth considering, let's check out the Volume for the same period:

https://i.imgur.com/YG5fhK9.png
So basically bitcoin volume (and hype, media, mainstream awareness, etc.) EXPLODED in the past 2 years. Therefore it's very possible that the last 2 bars of Price data, which really give the "oomph" to the price increase trend, are heavily influenced and/or possibly manipulated as a side-effect of bitcoin exploding in popularity only recently. Either way, thank you for the interesting data and for giving me the idea to investigate from another angle.

Edit: As for the next 12 months, I don't think the mass hype is over, so I think we will likely see a period where the price continues to grow, supporting your initial chart; however, since we had the massive downturn, we will likely also see a remarkable low this year (indeed we had one only a few days ago of $2,400) as the various market forces attempt to determine the real value of Bitcoin without as much hype as last year. In other words, I think we will see a 'high high' and a 'low low' in the same year.

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