Personal Bitcoin Forecast
As one of investors, a forecast of the bitcoin is very interesting. Many people say that the bitcoin is still falling and no one knows when the falling will finish. In order to figure out a timing of recovery, it will be valuable to see a last data of the bitcoin. I could get the data from the coinmarketcap. The data is from Apr 2013 to now. A brief of it is below.
The Yearly Value of The Bitcoin
| Year | Year Open | Year Close | Change of Value |
|---|---|---|---|
| 18 | $14112.2 | $6844.23 | -52% |
| 17 | $963.66 | $14156.4 | 1469% |
| 16 | $430.72 | $963.74 | 224% |
| 15 | $320.44 | $430.57 | 134% |
| 14 | $754.97 | $320.19 | -58% |
| 13 | $135.3 | $754.01 | 557% |
The data of the table is referred from CoinMarketCap
The Yearly Market Cap of The Bitcoin
| Year | Year Open | Year Close | Change of Market Cap |
|---|---|---|---|
| 18 | $236,725,000,000 | $118,705,000,000 | -50% |
| 17 | $15,491,200,000 | $216,326,000,000 | 1396% |
| 16 | $6,473,530,000 | $15,440,700,000 | 239% |
| 15 | $4,380,820,000 | $6,399,190,000 | 146% |
| 14 | $9,203,030,000 | $4,249,480,000 | -54% |
| 13 | $1,500,520,000 | $9,268,240,000 | 618% |
The data of the table is referred from CoinMarketCap
In 2013, the market cap of the bitcoin was increased by 618%, from $9,268,240,000 to $1,500,520,000, and the value of it was increased by 557%, from $135.3 to $754.01. It was an incredible increase. However, in the next year, both of them was fallen about -50%.
After a deep drop in values, the bitcoin had increased for 3 years. It was amazing. In the first year, 2015, it was slightly increased and then, in 2016,it was increased by about twice times. Finally, in 2017, it was incredibly increased by about 1400%. The value of the bitcoin was $14,112,20 at the end of the year and the market cap was $118,705,000,000 either. It was very enough to attract many investors and actually I am one of the attracted investors. :)
Unfortunately, in 2018, there is a dark deep drop in values that have never been before. I guess that many of them would make a loss. How about me? : No comments.. T_T
Don't be cry. There will be a potential pump. According to the last experience, there will be an increase after a deep drop in values. So I hope that the market of the bitcoin is clear just like a sunny day.
The graph is from cryptowatch
good articlr:)