Bitcoin is on its best start-of-year streak since 2012

[vennali]

Bitcoin is already up more than 20% year-to-date, boasting its best start-of-year streak since 2012.

The digital currency is nearing the $9,000-per-coin threshold 15 days into 2020 as investors and crypto-enthusiasts project increased use of the tech in the new year.

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[julius caesar]

The best milestone that happened to bitcoin price since 2012 is it reaches the maximum price of it which is 20000$. By that time, all of the bitcoin holders sold their coin and they be able to earn profit into it. I am hoping that sooner or later it will reach its peak again since halving is gonna happen in April of 2020.

[cryiotic]

It makes me very happy. I don't think that such rapid growth will continue in the future, but I think that the bear market has no chance. It is very interesting for me to compare my present forecasts and the results that we will get at the end of 2020.

[sana54210]

Do you guys think this is better? I mean having a great increase right into the new year versus well into the year like summer? For example we had a bigger increase last year during April month, we moved from 3k to all the way towards 13.8k last year in 2019, it wasn't the first days of the year but it did happened.

Do you think right into the year increases are better compared to ones that happen around summer months? Do you think this entails that we will have bigger and bigger increases in the year with more time or we just had the increase and now will fall rest of the year? I mean we went down %50 last year after the big spike in price, so I am afraid something like that may follow this and that scares me, could that happen if halving is not what we expected it to be?

[BrewMaster]

i really don't like this type of categorizing the rises based on months like end of the year, start of the year, Chinese new year, summer,... they are all meaningless because the market doesn't really care about WHEN it is. we have seen many times that people expected drops by the end of the year but the price went up instead. the same thing is for the start of this year. we were in a bull market already and after a little bit of pause due to holidays price is rising back up again after the 300%+ that it already had last year.

[Fatunad]

This doesn't mean anything these are just numbers and history and I dont see any relevance or effect in the market. Btc prices doesn't go along with how well it started or how bad it started because the price depends on the investors sentiments not with these numbers. Just my two sats.

[Wexnident]

It's ok I guess? It could help in the mentality of people that a rally is in place and may help avoid holders from dumping Bitcoin suddenly in the market, crashing it all of a sudden. Still, the results and the time is actually irrelevant to each other, and at most, the comparison would only bring to light the possibilities of the market growing quite well.

Do you guys think this is better? I mean having a great increase right into the new year versus well into the year like summer? For example we had a bigger increase last year during April month, we moved from 3k to all the way towards 13.8k last year in 2019, it wasn't the first days of the year but it did happened.

Do you think right into the year increases are better compared to ones that happen around summer months? Do you think this entails that we will have bigger and bigger increases in the year with more time or we just had the increase and now will fall rest of the year? I mean we went down %50 last year after the big spike in price, so I am afraid something like that may follow this and that scares me, could that happen if halving is not what we expected it to be?

Nothing is really right nor better for the market price increases imo. It also entails nothing imo. It's just the market moving towards new heights compared to the previous months of its bear run. Also, it's already better than last year, we had a good start compared to the $3k last year, and a good run currently.

[panganib999]

You can and can't say so. The year after the bubble headed into a crash so taking into account those years isn't really that helpful. Just goes to show though that the time frame where BTC is rising doesn't really matter, what matters is how the traders move through those time frames. Especially for this year, halving in sight, FOMO in the air, and traders hodling for quite a long time are now expectant of another ATH that results from the halving.

[bitcampaign]

bitcoin has always been the best in the field of investment other than gold and others, in the crypto world even bitcoin dominates in the crypto trade, but my hope is we need a lot of adoption, bitcoin should be adopted worldwide so that it will be great in the future, no matter with increasing value because I am focusing primarily on widespread adoption it seems more important for us to discuss than just price value

[traderethereum]

At least people can make a profit better than before. This time, bitcoin trying to break $9000 again, and we already see that number in some exchanges. But I wonder what will happen in the next Chinese New Year.

The increase in bitcoin price after a few days in this new year brings new hope for people so they can wait for a while to make a profit again. But some people already make that profit from scalping trade, and that is good because they can make more profit.

[blckhawk]

Unlike regular company stocks that may be correlated their price action with the season, Bitcoin is not. It only depends on the hype and anticipation regarless of the month/quarter of the year we are in. The spike is just due to FOMO spread by the whales due to the halving. It's really meaningless to point it out on the start of the year. Maybe by total mined blocks, it would even make more sense.

[davis196]

So what?The bitcoin price could still collapse to 6-7K of even 3K.
Historical data doesn't prove anything about the future performance of the bitcoin price.
I guess the Halving hype is kicking in and the price might reach 12-13K before May,but that's just an assumption.

[3la9l_kolbaCa]

Unlike regular company stocks that may be correlated their price action with the season, Bitcoin is not. It only depends on the hype and anticipation regarless of the month/quarter of the year we are in. The spike is just due to FOMO spread by the whales due to the halving. It's really meaningless to point it out on the start of the year. Maybe by total mined blocks, it would even make more sense.

I loved to see any further hype or bouncy trend for bitcoin, meanwhile the updates was too crucial and breathtaking. Tommorow we may experience crashes, but all the way can be managed right away. Bigger investors now silently buying the dip value, and that's what I am looking for on price development. Because, when rapid increase occurs; I believed it would bring good impact to bitcoin community as well as the demand would dominate the entire market.

[watergold]

Yeah bitcoin will continue to increase from year to year I'm happy to see the movement of bitcoin this year because it will be better because investors have looked at it again and there is a lot of demand in the market.
I think in the future there will be many crypto projects that develop technology because of the changing times and of course this will be the main thing for bitcoin.

[killerfrost]

The best milestone that happened to bitcoin price since 2012 is it reaches the maximum price of it which is 20000$. By that time, all of the bitcoin holders sold their coin and they be able to earn profit into it. I am hoping that sooner or later it will reach its peak again since halving is gonna happen in April of 2020.

OP is talking about the growth of bitcoin as the new year begins each year. And from 2012 until now, bitcoin has grown the most and has increased by more than 30%.And he didn't mention ATH because certainly the current price is many times higher than previous years, in 2020 I'm not sure the price of bitcoin can surpass ATH in 2017, but with favorable starts as of now, I believe that the price of bitcoin will certainly be higher than 2019

[Captain Corporate]

 Its really weird to have this increase this early into the year. I mean I am happy about the increase but I am also excited about what to follow. Even if we end up not going up too much in the following weeks or even months, we still have 11 more months to increase, so even if it stops for a while we will be able to restart and go up again later on. I can't really guess how much we can go up, bitcoin is very volatile  so it could do anything in the end but there is a possibility of 20k once again on the table and thats something we haven't seen in a long time. Do you think there is a ceiling to what bitcoin could become? Like not technically but psychological one?

[Wexlike]

Yeah bitcoin will continue to increase from year to year I'm happy to see the movement of bitcoin this year because it will be better because investors have looked at it again and there is a lot of demand in the market.
I think in the future there will be many crypto projects that develop technology because of the changing times and of course this will be the main thing for bitcoin.

It is good to see us roaring so much, but some altcoins almost tripled in value already. That is quite hard to grasp. The increase is also a good signal because I am reading (even in oldschool news paper(!)) that bitcoin is performing quite spectacular, so even the AverageJoe will get the news that Bitcoin is contradictionary not dead (yet haha).

 Its really weird to have this increase this early into the year. I mean I am happy about the increase but I am also excited about what to follow. Even if we end up not going up too much in the following weeks or even months, we still have 11 more months to increase, so even if it stops for a while we will be able to restart and go up again later on. I can't really guess how much we can go up, bitcoin is very volatile  so it could do anything in the end but there is a possibility of 20k once again on the table and thats something we haven't seen in a long time. Do you think there is a ceiling to what bitcoin could become? Like not technically but psychological one?

The halving is to follow. And if we look back to the past, the halving was always an incredible moment in time. Any one here remembers the block halving party in Tel Aviv ? That was some fun to watch when they were mining their blocks.

I don't see a psychological cap for the price. I rather think our heads will be blown off when the largest speculators are starting to dip their toes into Bitcoin waters.

[erikalui]

A little pump doesn't really prove bitcoin is really onto a good start as so many such pumps and dumps happened last year too. It was 9k in November too and I have received some bitcoins for altcoins when the price was 12k and since June, July it hasn't shown any improvement with just a downward trend.

ETH on the other hand is doing much better in terms of price. It's graph has been pretty stable and much more profitable for investors after 2018.

[electronicash]

So what?The bitcoin price could still collapse to 6-7K of even 3K.
Historical data doesn't prove anything about the future performance of the bitcoin price.
I guess the Halving hype is kicking in and the price might reach 12-13K before May,but that's just an assumption.

its more of a FOMO that investors are coming to keep the price up due to the coming halving. it make sense for an investor to get in right now before the price could lift another grand. when halving come, it wouldn't be $8K anymore because all the rest have bought and they are not selling it for a price of $8k again. why would they?

i wouldn't even just but BTC but also the altcoins i've dumped but got a ton of profit early 2018. i don't know where those investors get their investment advice but its obvious to buy this time of the year.

[magneto]

This is honestly the pinnacle of meaningless statistics.

What next? Best perform in September since 2009?

Honestly, making news out of these short term price movements which can be completely unpredictable is a farce and shouldn't be done at all from the perspective of media outlets. Saying that bitcoin outperformed asset x over 10 days doesn't prove anything, and it really doesn't encourage anyone to adopt BTC either.