Bitcoin Forum

I just saw this Twitter post which gave me another perspective.

Take a look at the lowest value of the year . This show we are in the correct trend.

https://i.imgur.com/jmQeVlK.jpg

Goosebumps!

This is one of the greatest encouragement that I've seen, why I haven't saw this last year. It's interesting to know what will be the all time low for this year? $6,000? $9,000? $15,000?

Can't deny that the growth of holders is real and increasing. People are becoming wiser now after experiencing last year's big break.

When looking at the data it all proves that the price of Bitcoin continues to increase every year, analysis of data and graphics has shown that the growth of Bitcoin users is very high. This has led to an increase in the number of requests for digital currencies in general and Bitcoin in particular.

I am very optimistic when looking at existing price movements, the increase will have a real impact on the development of digital currencies globally. Very likely if the lowest price of bitcoin in 2019 reaches 6,000USD, just imagine what the price of Bitcoin will be stable throughout the year? of course it will be much higher than the previous year.

By looking at the data, at least it shows, that bitcoin is still on the right track. Personally I am optimistic, as time goes by. The bitcoin community will increase, and that will further increase demand in the bitcoin market

Stats like this is misleading, because it shows data that are cherry picked to fit the agenda of the poster. Yes, a long-term trader can be happy with those stats, but the short-term trader <1 year> will not be happy with these stats.

A drop from $18 000 to $3500+ is definitely not encouraging for any trader looking for a good investment.  ::) People tend to look at the long-term performance of any stock, before they consider investing and that is the only positive thing that can be taken from this stats.  ::)

It probably gives hope to the holders who have invested in early 2017 when the price was nearly around $1,000 or something and they would find happiness seeing a yearly growth in the price, but if I see it from the eyes of an investor from early 2018, it would break my heart since I would only see the price being way too low from the range where I have bought them and it would take too many years to even get me my ROI with this pace of growth.

Truly, the people who have invested their money into Bitcoin when it reached the peak early last year (I'm talking about 2018 since we are in 2019 now  :P) were really unfortunate if they were planning to hold. Some of them might have sold when the price started to crash, but some of them might have kept patience with the hope that the price would recover soon. I really feel bad for them.

Well it's good that i saw this exactly in this period because i didn't know what to think about the price of BTC, in the sense that if it will grow or not.Now I think I still have some hope for BTC to rise again and i can't wait to see in which direction the market will go.

The statistics is not misleading (the conclusion is), if you follow price movement from 2009 then the data is not fake. But I agree some people might not like that because they "only choose data that fits their agenda", which is looking at 1 year price action. And it's clear that the OP want to give another perspective.


Depends on at what point you define long-term/short-term. If you look from the beginning, you already gain more than 3000x roi on Bitcoin, but there is always -90% decline after ATH, and 4 year cycle (mooning, ATH, drop, consolidation).

But yeah, it's unfortunate for people who bought at ATH. I can't imagine how they're feeling right now.

you should be able to include the increase that occurs in the bitcoin price in the year you mentioned in the list because if you include the bitcoin price increase and the decline in the price of bitcoin it will make the readers who visit your thread know the price movements from year to year.

I guess this is our last source of hope for this year. If this year's price falls below this chart, we will oblige to use other averages for the next year. Anyway in my opinion it is better to use this kind of analysis in crypto on a short term. The technical analysis will be more useful as the bitcoiners increase and for this moment this does not work good.

this is the same is happening on every low, another  low is expected, this is way keep hoping that now it will bottom out and go up, but it takes time to recover the market and we cannot expect the market to recover immediately. It is good that always keep track of low and high of all time so that we can check out the bottom and move on.

showing ATH is misleading.
because 99.9% of people wont be able to sell at the ATH

but the lows show that holders ALWAYS have the chance to sell at or above the low.. because the price nevr goes lower then that number

EG take 2018
ATH:$20k
ATL: $3200

pick any day of the year. literally any day. you have 365 days to choose..
now whats the chances that your going to get to sell your coin at or above the 2 numbers above

ATH: 0.27%
ATL: 100%

in 2018 you were always able to sell your coin at or above $3200 GUARANTEED(in hindsight)

The reverse side of the coin: if you look at the chart of maximum prices - we are in the red by almost 84%, here we see the growth of bitcoin.
Optimism is good, but the most important thing is that this trend continues and in 2019 we did not see the price below $ 3000.

It's all depends on when the trader actually acquired his or her coins,going by the chart,probably someone who brought at $185,and is still hodling till now,surely has  made enormous profits and would be buoyed seeing such charts and how far they have come
But what about those who bought at the ATH you so desperately do not want us to look at, probably at 20k,this chart would mean nothing to them, and they would be incurring huge losses at this very moment,likewise active traders

You're contradicting yourself because OP's data is the long-term performance, it shows that on a scale of multiple years Bitcoin growth dramatically. It's very likely that someday people will envy those who bought at $18,000 and didn't sell, just like we today might envy those who bought at the top of 2013 bubble, because the price is 3.8 times higher today. And there's nothing cherry-picked about this data, it simply takes the lows of every year. You can even notice that there was no growth between 2013 and 2014 because of the bear market. But it only means that Bitcoin rewards the patient, which is the point of OP's post.

This figure is not in anyway a surprise if you have taken a look at the historical data yourself. It is there on the coinmarketcap for anyone to review. The only problem is that people are only concerned with the all time high and not the all time low of bitcoin. That is why we do not see that.

I don't see how a statistics like that is misleading. Are you saying we don't have it in existence that way or what, even in the open space? I bet you wouldn't have raised an eyebrow were the ATH drawn out and shown here, would you? I think it is a good thing the OP has done highlighting these ATH yearly lows so we are refreshed on how things stand with the market.

Good, that's certainly a good argument.
I don't see how this stat could be misleading. Even in technical analysis, this would show a positive support trend.

Also, as you Said, yearly you could always sell at a higher price.

I've just been looking at coinbase pro, and it looks as if people are selling Euros to buy Bitcoin.

Yes that’s true bitcoin market is now on the track it will recover very soon as you said it’s increasing day by day. More investments are being the reason for rising price and strong tomorrow. This is the way to store coins and hold so that it will make the price even higher more than this. I would say very soon we will see bitcoin at the  price of 2017 that we miss the most.

Yes without a doubt, bitcoin's price is increasing yearly and this has been ignored by most of those people that doesn't look at it. They look to very one data of bitcoin and that was the current price of it.

They never consider that year by year there's a good increase for bitcoin's all time low's though its not really a very popular fundamental and basis but those info really were interesting to catch up. $6,000 as the all time low for this year would be a good low.

For now, the lowest value of the year is still above 2018 low. The lowest value of the year is 3550. Let´s hope it holds =D

Don't corner yourself. Reload the bullet for the next capitulation (If that happens to occur)

 ???

But the Gap is  not too much and it is just start of year, probably it can go below $3200. Low value chart only make sense who is very early investor. It does not make sense for someone buying in 2017 and selling in 2018 because might bought price will be much more than lowest value.

I'm pretty sure we can go lower than $3k because ETF has been withdrawn by CBOE, Bakkt is likely delayed again, and market could panic because of this and panic sell happens, bear take over and it will go for months. Just like any previous cycle.

Anyway, early adopters will always be rewarded. It's no use debating how can we interpret the chart, as long as you can make profits and decrease your loss without doing any shady things, that's what matter the most.