The cyclical price of Bitcoin
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The bear market is something that disrupts the entire crypto economy and is generally supported by falling Bitcoin prices, however, it is something that has a cycle, just as the earth revolves around the sun or about itself.
If you do an analysis and search and rummage through the history of the currency you will notice that the price levels coincide in the different months of the year, that, like a roller coaster, for various causes, it goes in and out of price periods.
I am not an expert, maybe I am not even a micro investor, but in the short time I have been in the world of cryptocurrencies, I have seen this behavior repeatedly and the factors end up being similar.
Logic says that when going up you have to sell and when going down you have to buy or invest, but this logic ends up being illogical when there are no price parameters for one and the other and there are those who stay waiting for a higher rise and end up bogged down in a steady decline or vice versa and just as the law of physics says, the fall is faster than the rise.
I do not know if the experts compare monthly prices between years or bask in a market movement that promises change and has been fluctuating, but analyzing the price of Bitcoin from 2013 to 2020 we see that there are no deep variations in it and that only in 2021 there was a disproportionate rise of the currency.
In June 2020 the Bitcoin was at $9,188, the following year it rose stratospherically to $35,945 in the longest bullish season in its history and in the current year, the drop has stunned everyone.
Logic indicated that the fall was inevitable but hopes were kept on a reality difficult to change, but difficult to prevent and now there are investors who managed to withdraw their money in time and wait to restart the game buying at low cost and selling with gains of 5 to 10 points, creating a resistance that will complicate a rise in a short time and other bulk of people with the illusion that the former have been wrong and what the statistics say is not fulfilled.
Hello @joseph1956 friend, I really believe that everything in this life is cyclical, everything follows a cycle, everything follows a pattern, everything that goes up also goes down.
The world economy suffered a brief recession due to the pandemic, which caused all the problems to be encapsulated in a bubble that finally exploded with a world economic crisis that will soon become evident, it is part of a cycle of apparent economic boom until fall into crisis.
Economic crises do not remain de facto, they are the trigger for a resurgence of alternatives and strategies other than those known to lift the economy again.
Cryptocurrencies are "in" this scenario, so they will also complete their cycle of fall and rise in due course, the problem that we are not prepared to wait that long until good prices rise again.
That's right, immediacy ends up being what helps to destroy what little is left and then you have to start from scratch.
Hi @joseph1956
If the very life of each one of us is cyclical, we cannot expect anything else from the markets. I knew it was coming down but I didn't think it would be this fast, however, it is. And there is nothing else to do but wait for the bullish cycle to resume at some point, but I don't think it will be anytime soon.
That is correct, given the depth of the fall, the 20 thousand resistance was already broken yesterday, the rise will take much longer, maybe all this year.
@joseph1956 Hope you are doing well in life . I hope you are interesting in collaboration with nftmc. if you could take out few minutes to listen regarding the benifits and rewards . i will be gladfull. if you like the proposal/offer you join. I promise you won't regret it. It's regarding the growth of your account and the platform, community and members, all will be benifited. We know you are also working for the betterment of the platform. 🙏🙂
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Your post was upvoted and resteemed on @crypto.defrag
Interesting points you've raised. The fall was almost inevitable, but people still kept on hoping. After such fall, comes exponential rise. Going by the history of Bitcoin cycle, it seems like a good time to start buying. Nice publication.
Undoubtedly, it is a good time, the detail is to ask ourselves: Are we at the monimum price or are we waiting for more?
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These cycles are normal, but obviously manipulated to an extent in the case of bitcoin. The pure market behaves a bit differently, the volatility is too strong.
The detail is that there are many interests that have infiltrated the crypto market in order to destroy it.
Dear @joseph1956
Bitcoin has been quite a roller-coster lately. Definetly it's a great time for swing traders (like myself) who aim to increase amount of total bitcoin held in the wallet.
To some degree you're right. Most markets are moving in the cycle. However, there are exceptions and one of major one is Japan. Those who invested in their stock market at the top (before this huge crash took place years back) would not recover their investment even several years later.
Hopefully BTC will not follow similar path (very unlikely).
yours, Piotr
Since I have been in this cryptographic world it has been like this, ups and downs and always the same result, only now the crash was much more violent and unexpected.