WealthSquadAce on Nostr: Learn to ride the #Bitcoin waves and it will do everything else for you👇 •2011: ...
Learn to ride the #Bitcoin waves and it will do everything else for you👇
•2011: From around $1 in April, it rose to $30 in June, then fell to about $2 by November, a rise of x30 followed by a decline of -93%.
•2013: There were 2significant bubbles; Price started the year at around $13, shot up to over $250 in April, then crashed back to around $62, which is roughly a x19 increase followed by a -75% decline.
Later in the year, from $62, it surged to $1,150 by December, then dropped to around $154 in early 2014, x18 increase and then an 86% decline.
•2017-2018: From around $154 at some point post-2014, it rose to $780, then a correction to around $475, which is x5 increase followed by a -39% decline if considering the peak to the next low.
The most famous rise was from around $475 at some point in 2017 to nearly $20,000 by December 2017, then dropping to about $3,142 by December 2018, representing a x41 increase followed by an approximate -84% decline.
•Post 2018-2021: Bitcoin price recovered and rose from the $3,000s in early 2019 to a new all-time high of about $69,000 in November 2021, which is roughly a x22 increase from the $3,142 low.
•2022: Prices dropped below $20,000 from its high from the 2021.
•2024: Bitcoin reached a new ATH around $73,000 in March 2024, followed by a correction exceeding -26% in the months following.
These cycles show Bitcoin's volatility with massive gains often followed by substantial corrections. Each cycle has been influenced by various factors including market adoption, regulatory news, technological developments, and macroeconomic conditions.
Daniel Mross from the #documentary “The Rise and Rise of Bitcoin” is a prime example of put in the research, put in the work, block out the noise, and get out of Bitcoins way.
Keep doing your research, keep putting in the work, stack #SATS, and stay out the way ⚡️
•2011: From around $1 in April, it rose to $30 in June, then fell to about $2 by November, a rise of x30 followed by a decline of -93%.
•2013: There were 2significant bubbles; Price started the year at around $13, shot up to over $250 in April, then crashed back to around $62, which is roughly a x19 increase followed by a -75% decline.
Later in the year, from $62, it surged to $1,150 by December, then dropped to around $154 in early 2014, x18 increase and then an 86% decline.
•2017-2018: From around $154 at some point post-2014, it rose to $780, then a correction to around $475, which is x5 increase followed by a -39% decline if considering the peak to the next low.
The most famous rise was from around $475 at some point in 2017 to nearly $20,000 by December 2017, then dropping to about $3,142 by December 2018, representing a x41 increase followed by an approximate -84% decline.
•Post 2018-2021: Bitcoin price recovered and rose from the $3,000s in early 2019 to a new all-time high of about $69,000 in November 2021, which is roughly a x22 increase from the $3,142 low.
•2022: Prices dropped below $20,000 from its high from the 2021.
•2024: Bitcoin reached a new ATH around $73,000 in March 2024, followed by a correction exceeding -26% in the months following.
These cycles show Bitcoin's volatility with massive gains often followed by substantial corrections. Each cycle has been influenced by various factors including market adoption, regulatory news, technological developments, and macroeconomic conditions.
Daniel Mross from the #documentary “The Rise and Rise of Bitcoin” is a prime example of put in the research, put in the work, block out the noise, and get out of Bitcoins way.
Keep doing your research, keep putting in the work, stack #SATS, and stay out the way ⚡️