Bitcoin Crash Cycle From 2015 to 2018 So Far
Recently Crypto Market Crashed but there is cycle of it that appears to repeat itslef year by year. So let's have look.
Bitcoin in 2015
Lowest in January: $152
Closing in Year end: $431
Bitcoin in 2016
Lowest in January: $352
Closing in Year end: $966
Bitcoin in 2017
Lowest in January: $751
Closing in Year end: $13880
Bitcoin in 2018
Low: $11191 on January 16, 2018
Closing in Year end: ???
As you can see the cycle is repeating itself so may be this recent crash was the best time to buy and hold some bitcoins?
This year they started with the CBOE and CME futures contracts on bitcoin, which some people think is also influencing the price. It's interesting that this seems to happen every January though. Some say it's the Lunar New Year, but that's a different date every year and accounts for the biggest mass exodus of people in a region and lots of cash being spent.
Bitcoin price is mainly influenced by traders, there are allot of potencial condenders out there that offer bigger and better of everything. I take it that steem is one of them revolutionizing the whole concept of Social media and blogging and making it more than affordable for anyone to get started.
Steemit is my new love :) @cryptoscout