Print Page - Bitcoin Yearly Lows

2010 – $0.01
2011 – $0.30
2012 – $4
2013 – $65
2014 – $260
2015 – $150
2016 – $350
2017 – $780
2018 – $3,122
2019 – $3,322
2020 – $3,850

Even year 2020 still not yet over, do you think we will still experience a new yearly low? Lower than $3,850 which we experienced that around March 2020.
Which yearly lows you already experienced? Mine was 2017 - 2018.

-Source (https://twitter.com/carolinaninap/status/1309200934854160389)

I made a time-series plot for the Bitcoin Yearly lows. During the 11 observed-years (2020 is not yet completed), only the yearly low in 2015 at $150 is lower than the yearly low of previous year (2014 at $260). For the rest 10 years, Bitcoin always has higher yearly lows over years.

https://i.imgur.com/p1I4RnN.png

In percent of price changes between 2 consecutive years, we have data like these:

Code:

     +----------------------------------+
     | year   btcprice   percent_change |
     |----------------------------------|
  1. | 2010        .01                . |
  2. | 2011         .3            96.67 |
  3. | 2012          4             92.5 |
  4. | 2013         65            93.85 |
  5. | 2014        260               75 |
     |----------------------------------|
  6. | 2015        150           -73.33 |
  7. | 2016        350            57.14 |
  8. | 2017        780            55.13 |
  9. | 2018       3122            75.02 |
 10. | 2019       3322             6.02 |
     |----------------------------------|
 11. | 2020       3850            13.71 |
     +----------------------------------+

https://i.imgur.com/i2lT6m5.png

Code:

    variable |         N      mean        sd       p50       p25       p75       min       max
-------------+--------------------------------------------------------------------------------
percent_ch~e |      10.0      49.2      53.4      66.1      13.7      92.5     -73.3      96.7
----------------------------------------------------------------------------------------------

Nobody can predict the price of bitcoin, but in my opinion, some days before halving and after halving, we have noticed bitcoin was more resistant to decrease below $8000. Possibly, it can happen in a way the price of bitcoin may not be less than $10000 throughout this year, I think the fall has already happened in March. There may not be any significant increase as well but I think we do not have to be panic about the price. Bitcoin price this year can not be lesser than that of March, $3850 which was even $3600 on some exchanges.

The first bitcoin price decline I experienced was the one of this year.

Quote from: GreatArkansas on September 27, 2020, 04:11:23 AM

Even year 2020 still not yet over, do you think we will still experience a new yearly low? Lower than $3,850 which we experienced that around March 2020.
Which yearly lows you already experienced? Mine was 2017 - 2018.

-Source (https://twitter.com/carolinaninap/status/1309200934854160389)

I don't think so. Unless there's a greater dump that could surpass the largest recent dump this year, then I don't think that the coming months would even touch $5,000. Not to mention that this years lowest happened because of the sudden economic crisis because of corona virus. People are forced to sell their assets to reduce losses or buy necessities.

From the nature of things I observed that bitcoin price regulation annually never be constant, and i find out that know one can predict the price of cryptocurrencies especially bitcoin, from my previous topic many people state it categorically that the stability of bitcoin is constant so I begin to wonder while needs of monitoring the price of bitcoin with use of candlestick movement since people said no one can predict the price of Btc

If you want to know my opinion, then I will say Bitcoin is just unpredictable. But I don't think we will experience a new yearly low. Many people thought that the price of BTC has dropped so in this year due to coronavirus pandemic. I think it so. Now the prevalence of coronavirus pandemic is decreasing, And the bitcoin market is expanding very fast. A lot of new user are joining the bitcoin market. So, I think we won't see a new yearly low. I think the price of BTC will come down again in February-March next year.

Quote from: GreatArkansas on September 27, 2020, 04:11:23 AM

Even year 2020 still not yet over, do you think we will still experience a new yearly low? Lower than $3,850 which we experienced that around March 2020.

I will be optimistic here, I doubt that we are going to see a new yearly lows for 2020, that price of $3850 will be our lows. Unless we see another negative news just like the covid-19 scare that will bring the market to that price again.

Quote from: GreatArkansas on September 27, 2020, 04:11:23 AM

Which yearly lows you already experienced? Mine was 2017 - 2018.

I think the big impact for us who have been in 2017-2018 was the bear market, specially after coming from a bull run and everything thinks that the price will hit $50k in 2018, but that didn't happen. And I guess another important thing seeing yearly lows or at least a bear market is that it is a period of accumulation.

Quote from: GreatArkansas on September 27, 2020, 04:11:23 AM

From this yearly low bitcoin price analysis it very obvious that there is an increment in each year low in arithmetical progression meaning that there is the tendency for the price to pullback or retrace to form another low in 2021 which should be higher than the previous year low.
Price history repeat itself above all this analysis shows the gradual progression and growth of Bitcoin and this analysis could use to plot and predict the future price of Bitcoin.

We still have 3 months left in 2020, and definitely A LOT can happen in that decently short time span. I personally wouldn't call $3850 the bottom just yet as bitcoin has historically surprised us a lot in it's past price movements(regardless if in the downside or upside).

Quote from: gabbie2010 on September 27, 2020, 08:12:18 AM

Price history repeat itself above all this analysis shows the gradual progression and growth of Bitcoin and this analysis could use to plot and predict the future price of Bitcoin.

It definitely shows that, but the "Past performance is no guarantee of future results" phrase may(or may not) apply in bitcoin's case.

Quote from: GreatArkansas on September 27, 2020, 04:11:23 AM

I've never thought of it, but it's some inspiring data because it indicates that the minimum trust in Bitcoin is growing year after year. It also shows how ridiculous the 'Bitcoin will go down to zero' predictions are because it seems highly unlikely that it will go down to even $3k unless something absolutely extraordinary happens. This indicates that Bitcoin is becoming more valued, and even when people panic, they're not ready to sell below $3k almost no matter what over the last three years. I'm also wondering if Bitcoin is getting more stable which could be calculated by the difference between the yearly low and the yearly high in percentage.

Quote from: GreatArkansas on September 27, 2020, 04:11:23 AM

Personally, I don't expect a new big drop to happen without something really negative happening - and that would only involve some big hack on the most famous crypto exchanges like Coinbase, Binance or Bitstamp. You should also be aware that Bitcoin has been shown to respond to changes in other markets, especially the stock market - so it should be borne in mind that any disturbance in these markets will be reflected in the price of BTC.

I personally experienced the lowest price during 2015, and I have to admit that there was a rather pessimistic mood at the time given that the price has dropped around x10 since the previous ATH.

The March price low of 3.8K USD will not be reached by the end of the year,unless the pandemic gets out of control and new lockdowns block the economy of the western world(let's hope that this won't happen).
However,I'm pretty sure that the price will go below 10K by the end of the year,there are no sign of bullish movement and no excitement about future price pumping.The investors are still very careful and appetite for risk will remain low for the next one or two years.

Quote from: GreatArkansas on September 27, 2020, 04:11:23 AM

No, definitely not.
Although I have been rather pessimistic about the long-term price development of Bitcoin in recent years, I believe that we will never fall below $4000 again. The economic and social consequences of the Corona pandemic will ensure that more and more money will be printed in the next few years, which will result that the lower limit of Bitcoin price is increasing steadily.

Quite interesting how, besides 2015, with all the other years we've had higher lows. I can't be patient enough to find out what 2021 holds for Bitcoin. :)

Quote from: davis196 on September 27, 2020, 10:58:29 AM

Lockdowns and recessions should theoretically pump Bitcoin, not make it bearish. Through the pandemic the world has been taught to use cash as least as possible, and Bitcoin solves that: you don't need ATMs to cash out your Bitcoins, nobody controls it etc. Bitcoin has the most advantages especially during these times imo.

I do not feel we may be down below 10k levels by year ending 2020. If you see last year’s low were in 3 k range and market has recovered from their though fall came but still we have seen it has reached 12k levels this years and means that bitcoin rises back quickly and those who hold it make money in the end.

Quote from: davis196 on September 27, 2020, 10:58:29 AM

Panic was responsible for the dump not the disease itself, now the panic cant be that high with several gatherings from election campaigns and riot. We have also achieve 62 days of price staying above $10000 this year. $10k seems to be the recent low and we are likely see another wave if the price stay above $10k till Oct ending.

Of course, there is, because there are also changes in demand and supply yearly that have to affect the bitcoin price. It's quite interesting to see what will happen by next year if goes the same pattern on the lower price in the chart.

This is expected that has changed but we can't draw exactly what will happen in the future, but the stat above shows it has progress year by year and it proved that it is not yet late to accumulate bitcoin.

Very consistent, bitcoin yearly low's has increase each year.
This should be the basis if we are accumulating at dip, we should not worry as many times bitcoin dump but it has never dump to a very low amount.
If we finish this year with $10,000 and we will see a big dump next year, I will certainly take if the price will dump $4,000 as that's very close to this year's low.

I believe 90% that we won't see bitcoin dump to $3,000+ this year.

Quote from: Charles-Tim on September 27, 2020, 06:13:46 AM

We can't predict the price of bitcoin, but we can analysis the market and make a guess. If the guess is positive ,you should hold on your own risk. Because you are going to lose, if the guess is wrong one. If it's sound negative ,you should sell it as soon as possible. Further holding is based on your own risk.

Quote from: sarmrakib on September 27, 2020, 12:38:01 PM

I have experienced the yearly lows on 2018 at 3122$ .However the data shows and proved clearly there is no lows passed another one so i think the lows of 2020 already has occurred we will not face any low more .Now time to climb up on new ATH level.

Same here, that was the time where people really panic, imagine we are hitting $20,000 then after that the long correction is happening. Some experts said bitcoin is over, it's just a bubble but hey! it dump but it did come back, now that proves them wrong.

If the dump would happen again, I'm pretty sure people will not panic anymore, newbie maybe but they'll learn eventually because bitcoin is volatile and the moment it dump it's not called market crashed but a market opportunity.

Quote from: GreatArkansas on September 27, 2020, 04:11:23 AM

<…>

Is the 2020 minimum value correct ?

Going over the YTD chart in CoinMarketcap, and day to day data (column "Low") the low seems to be of 4106,98 $ on March 13th 2020:

https://coinmarketcap.com/currencies/bitcoin/
https://coinmarketcap.com/currencies/bitcoin/historical-data/?start=20200101&end=20200927

I’ve also looked on my Dashboard, and checked all lows between the values of 3.000$ and 4.600, and it corroborates the above (without having to scroll through the data):
https://public.tableau.com/shared/ZT8KM43CJ?:display_count=y&:origin=viz_share_link

It could be that the data is from a specific Exchange.

~~Note: Dashboard not updated with the last couple of week’s data.~~

Quote from: Sanitough on September 27, 2020, 11:44:23 AM

I believe 90% that we won't see bitcoin dump to $3,000+ this year.

I never lost my sight...
That was not close to possible, and not only 90% but 100% for me. I should keep my faith in Bitcoin, bearish is a way far from happening this year instead of seeing at $10k level. The confidence that I hold is that because it was obvious that the market is still healthy enough to sustain the momentum and keep at a high level rather than seeing it to dump and reach below %10k, and pretty sure not below $5k.

I've had years where bitcoin hit rock bottom prices starting in 2016 until now.
2017 was the lowest year and the best time to buy some bitcoins that year.

how much profit would I get if I held bitcoin until now.

I have had many experiences when the price of bitcoin reached the lowest price to the highest price, but for 2020 the lowest price was at $ 4106.98 on March 13, 2020.

I never look at years as periods in Bitcoin's history because the charts don't seem to respect months or seasons. The same month can bring a pump on one year and a dump on the other, nothing is certain and even that one year 2015 proves that there can be an exception to the rule. It looks great when put this way with every low being higher, but we can have a turnaround at any point, don't you forget about it.
That said, I don't believe we'll fall to lower lows this year.

I experience all that Bitcoin low since 2015 and so far, I still don't catch any of that low price to enter because I always feel that BTC will still go deeper everytime it experience a hard dump. I'm not good on Fibonacci that's why I can't determine the if the current price level is a good enter or not.

The only thing that I enter right during my previous trading experience was opening a position during the peak price and shorting at the bottom price. I wonder if there is an exchange that will offer reverse leverage trading that you will have profit for your loss. I'm sure that many noobs trader here including me will become an instant millionaire. ;D

The lowest price of bitcoin I saw in my life was nearly 300usd in 2015 or 2016 but unfortunately, I didn't have the enough information to start investing on bitcoin. Yes, this year is not over yet (but this will soon) and everything is possible when we are talking about bitcoin price. But in my own idea, bitcoin is really far from the $3,850 unless some bad negative fundamental news happen to bitcoin like hacking or closing a very famous exchange or maybe even the covid-19 vaccine. However, in all the cases above it's nearly impossible to reach the prices lower than 3800.

I hope we don't experience another major pandemic which would force another round of lockdown. It is the only reason that could cause a major bitcoin dump (below $3,850).

Quote from: Sanitough on September 27, 2020, 11:44:23 AM

Very consistent, bitcoin yearly low's has increase each year.

Except in 2015. It dropped from $260 the year before to $150.

Quote from: GreatArkansas on September 27, 2020, 04:11:23 AM

~
Even year 2020 still not yet over, do you think we will still experience a new yearly low? Lower than $3,850 which we experienced that around March 2020.
~

Using my guts, feeling about the bitcoin market this year, next yearly lows will not be dropping on $3,850, next yearly low could be around $4,000+, of course I'm not sure when will this happen but giving time estimation, bitcoin might reach it's yearly low at the first quarter of the year 2021.

This thread overviews bitcoin lows yearly, it's nice, I haven't thought of it before until now that you've open the topic for it. This will be really helpful personally, on assessing the best time to buy bitcoin. Great!

Quote from: GreatArkansas on September 27, 2020, 04:11:23 AM

I don't really look forward to every year lows but I'ved experienced many lows in each year since when I actively use and hodl bitcoin. The year 2017 is the most memorable low before, I remembered that I earned and bought as much as bitcoin as I could on the start of that year and really didn't expect to have a monstrous grow in its value at the end of the year. For now, I don't really target the lowest bitcoin value on each year, It's just better to stack them up on whether of its value.

Mine own experience was 2013 to 2014 which i really invest my coins in the right market but the market was not moving the way i want it to move than to continue going down.
I think bitcoin will not lower than $3,850 which started some few month ago. Acording to research i carry out show we cannot experience such thing we experience 2013 to 2014 because during the pandemic many peope started invest which they will like to see how proud bitcoin is compare to BND,TRX, and LTC.

Quote from: DdmrDdmr on September 27, 2020, 01:39:01 PM

Quote from: GreatArkansas on September 27, 2020, 04:11:23 AM

<…>

Is the 2020 minimum value correct ?
(....)

I also noticed this at first, maybe the twitter handle based it on other exchange. But it's kinda close. Btw thanks for noticing this and providing such information.

Quote from: Bttzed03 on September 27, 2020, 04:51:28 PM

(....)

Quote from: Sanitough on September 27, 2020, 11:44:23 AM

Very consistent, bitcoin yearly low's has increase each year.

Except in 2015. It dropped from $260 the year before to $150.

This yearly low from year 2015 is devastating, it's a huge break down. I hope we will not able to experience it again in the future especially we are now ranging between 4-5 digits price.

With the remaining months for this year, there's still ample time for it to go down but I'm not that pessimistic to think it will break the yearly low pattern.
Well, for the next years I hope that we get to see a higher yearly low as it's such nice to see a pattern like this when others are very much disappointed whenever bitcoin corrects.

Although the price of Bitcoin is difficult to predict and no one can know the future, but I am sure 99% Bitcoin will not drop
to the price of $ 3000 + anymore. I have studied the movement of Bitcoin, and Bitcoin support price at $ 10,200 is very strong.
So Bitcoin will likely stabilize at $ 10,200- $ 11,000 by the end of this year. In fact, I am still optimistic that Bitcoin will be able
to return to the price of $ 12,000 if there is positive news about Bitcoin.

At the rate which Bitcoin is making higher lows, I won't be surprised to see $5000 as the next yearly low. From the data provided in OP, Bitcoin is experiencing higher yearly lows, does this count as a bullish or bearish signal for the long term (3 - 7 years).

Quote from: GreatArkansas on September 27, 2020, 10:37:12 PM

I also noticed this at first, maybe the twitter handle based it on other exchange. But it's kinda close. Btw thanks for noticing this and providing such information.

I think the lowest price (for 2020) recorded by coinmarketcap Bitcoin charts is derived from the closing prices and doesn't account for the lows or highs of the period. I recall seeing $3750 price on Binance that day. So the average price across different exchanges would be anywhere between $3700 - $3900.

Quote from: rendravolt on September 29, 2020, 10:17:08 PM

Quote from: blockman on September 27, 2020, 10:43:15 PM

I think the lowest price this year is still there but will not touch under $ 7000, but for the next year may no longer the lowest price for bitcoin has been closely aligned with the price of gold or even exceeded.

There is no assurance with that, you can't predict the crypto market, it's hard to do that, it looks good now but one day it could also dump hard where people will be crying because they got FOMO and they have to panic sell. This isn't for everyone, the volatility is too high, if you don't trust crypto, you'll end up losing every time the price dump as you'll certainly panic.

Yes, it looks like we have a good market this year, price does not start good but it's quite stable now, we have stayed at over $10k for awhile now, but there's no guarantee, the last 3 months, a lot of things could happen.

Quote from: pakhitheboss on September 27, 2020, 09:12:22 AM

Even the yearly low is moving upwards, good sign for Bitcoin . I do not expect is to go down anymore this year as per the historic timeline Bitcoin price tend to move upward from now on till December. I am expecting the price to go beyond 10k once again.

We share the same thoughts, sir. I think that the price and or the trend of Bitcoin will be pumping all the way to December. We just need to trust in the process, but having bitcoin to be volatile in price, we really just need to hope for the best. I hope it will pump again like the pump that happened last 2017.

Considering that they're still a CME futures gap, and Bitcoin price struggling to $11,000 level we might have a huge before a pump. But Bitcoin's chart indicate where forming a bullish pattern throughout the 4 year cycle which has made the price reach insane new all time highs. Although this is only speculations, and we might see a prolonged bear trend.

Quote from: geyayy on September 29, 2020, 11:37:21 PM

Quote from: pakhitheboss on September 27, 2020, 09:12:22 AM

all thought that the same December to be the month to look forward to as December will most likely pump bitcoin.
as you said in 2017 bitcoin price is high and the expectation of many people in 2020 will be the same as in 2017.

Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: GreatArkansas on September 27, 2020, 04:11:23 AM