How you can 10x your money with Bitcoin– or $340k Bitcoin by 2022
Even if you bought Bitcoin a year ago, around the ATH(all time high) of $20 000, and are left “hodling” your bag waiting for the next bull run, well it’s on its way. More profitable than Tulip mania, the dotcom bubble around the turn of the century, or the housing bubble of 2008, Bitcoin will bring you unimaginable profits...you just need patience and determination. And perhaps good timing.
Can we really make 1000% profit on our investment in cyptocurrency? As President Obama liked to say: “Yes we can”. Because we already have, and cycles seem to be repeating themselves in the holographic fractalised world of Fibonacci patterns in Bitcoin’s price volatility. I took a look at the price history of Bitcoin and noticed that during the parabolic bull run of late 2013, the price went from $100 on 1 October to a stratospheric $1100 and over by 3 December. That’s over 1000% or 10x your money in around 60 days. It then retraced to around $170 over the course of the entire year of 2014, only to spend the entire 2015 gaining a mere 2.5x, ending the year roughly around $500 (on 4 Nov actually).
It was by the end of 2016 that the Bitcoin price actually returned to that ATH around $1100. In other words, the 10x profit that took 60 days to accumulate in late 2013 again occurred as a 6x profit but this time it took about two years. Besides that it took very close to exactly three years for the price to return to that ATH around $1100. Of course even that paled in comparison when 2017 arrived and Bitcoin went from around $1100 in January, all the way to its next ATH of around $20000 in December, a whopping 17x or 1700% profit for the year. Lambo anyone?
With that in mind, if we look at this year’s retracement of -83%, it does resemble the 2014 price crash. And if we extrapolate, based on a potential recurring fractal, 2018 has echoed 2014. Which suggests that 2019 could be a repeat of 2015, implying that Bitcoin price could rise a humble 2.5x to around $11700. That’s if we end the year with the current price of around $3300 as the lowest point for the year.
And if it took three years for price to return to the ATH in the previous bull run, then we should see $20000 again by December 2020. That has a nice ring to it. 20 by late 2020. And if that’s the case then just wait until 2021 finishes because that year should theoretically echo 2017 where we saw that 17x price growth in just one year. Now what would a 1700% increase from $20000 look like?
Well $20000x17 = $340000.
In other words by 2022 Bitcoin price could be $340k. Who’s worried about buying in at $20k now? Even if you bought at the ATH, you are still potentially going to see a 17x profit at the next major bull run. You just need to wait with patience and strong-handed determination for another three years.
And that’s a worst case scenario of buying in at the ATH. What if you bought Bitcoin today at say $3400? In three years from now you will theoretically see 100x profit. Now I understand what they mean when they say the best time to buy is now. Disclaimer: this is not investment advice, I’m not a financial advisor. Please leave your comments and let me know if this makes sense to you or if you perhaps have a more insightful theory. I’m always keen to hear it.