The case against lengthening cycles and my strategy moving forward.
If we look over historical data on coinmarketcap: Bitcoin 2013 ATH occurred approximately December 04, 2013 at around $1,150.00 Bitcoin had an enormous wick down to below $180 on Jan 14, 2015, -85.4% from ATH, around 12.5 months after ATH. After recovery seemed guaranteed, Bitcoin had another enormous wick down on Aug 24, 2015 to just below $200.00, around 19 months after ATH. Bitcoin hit a second ATH almost exactly 4 years after the 2013 ATH, on Dec 17, 2017 at around $20,000. (100x from 2015 lows). The low was hit almost exactly a year later, around $3200.00 on December 15, 2018, 84% down from ATH. Now, this is where things get strange. I think a lot of whales were trying to frontrun the bull cycle, so they bought up a lot causing bitcoin to spike to 12k, dump, recover, and the second higher low occurred due to the covid black swan, some exchanges wicking as low as $3800 on Mar 12, 2020, about 27 months after ATH. If not for the 2019 front running, I believe this low would have been inevitable and would have occurred around the same time in the cycle as the 2013 cycle. Now that things have calmed down, let's see where we are in the cycle vs where we were in 2013. On October 12, 2016, BTC was $637.78, 55.5% of the way back to its all time high. It slightly broke its all time high on Jan 4, 2017 before being strongly rejected, then it broke it again a month later before being rejected and finally on April 6th, 2017 it broke $1150 for the last time before the wild 20x to new, historical all time highs. On october 12, 2020, btc is $11,659.00, exactly 58% of the way back to its all time high. We are at exactly the same distance from ATH as we were in 2016. Aside from outliers such as 2019 front running and covid crash, the cycle is exactly the same and if you were to trace the 2013 cycle on top of the 2017 cycle, we would be at about the same point. I strongly believe we will be close to 20k at some point around December-January, get rejected for a few months, and then move onto new and historical highs. I hedl throughout the 2017 bear market as I was introduced to crypto in mid 2017, just before subsequently making and losing more money than ive ever seen in my life. I've been DCAing into alts and BTC for 3 years. If I've learned one thing, its the further you can see into the past, the further you can see into the future. BTC cycles are not lengthening. My plan is to cash out 80% of my holdings, staggered at the peak sometime between November and February of 2021-2022 and then buy back in exactly 1 year later. I will keep 20% in BTC, XMR, ETH only in case of a black swan event such as hyperinflation while keeping my cash (taxes paid) on the sidelines waiting for the inevitable low around 1 year after the next all time high. I am a believer of the 4 year cycle and there is nowhere near enough money in crypto to prevent it from happening again, at least one more cycle. Tell me your thoughts in the comments. Who else has this strategy? If we time it right, we could all retire young. I have more money in crypto than ive ever had in my life and I just pretend it doesnt exist. Crypto is the only way I see in this crazy world with fractional reserve banking and money printing on a whim for young people to have the opportunity to get out of a life of wage slaving and enjoy the prosperity our ancestors enjoyed. Good luck to all!
Bitcoin Core 0.12.1 was released on April 15, 2016 and enabled multiple soft forks to occur concurrently. Around 100 contributors worked on Bitcoin Core 0.13.0 which was released on 23 August 2016. In July 2016, the CheckSequenceVerify soft fork activated. At the beginning of April 2019, the rate of Bitcoin soared by 15%, testing the mark of 5 thousand dollars. Experts explain this anomaly by the return of major players to the market. The growth of Bitcoin on April 2, 2019 occurred in the Asian session, and an unknown buyer purchased 20 thousand bitcoins, which amounts to $ 94 million. Bitcoin Price (BTC). Price chart, trade volume, market cap, and more. Discover new cryptocurrencies to add to your portfolio. Skip to content. Prices. Products. Company. Earn crypto. Get $171+ Sign in. Get started. Price charts Bitcoin price. Bitcoin price (BTC) Add to Watchlist $ 13,070.01 +0.56%. 1h. 24h. 1w. 1m. 1y. all. $0.0000 January 1 12:00 AM. 10:56 AM 3:06 PM 7:17 PM 11:27 PM 3:38 AM ... Nach einem relativ ruhigen August rumpelt es Anfang September erstmal gewaltig. 15% in zwei Tagen verliert Bitcoin, nachdem verdächtig viele Miner offensichtlich einen Schub Bitcoins verkauft haben (zu sehen an den Bewegungn der Miner und Exchange Wallets). Auch der Rest des Septembers ist was den Kurs angeht sehr verhalten. Und dann war da noch Microstrategy: In einer Pressemeldung und ... BTC/EUR Historisch: Hier finden Sie die Historisch-Seite für den BTC/EUR
1# How to earn free bitcoin from bitcoin-robot (Faucetbox)
#bitcoin #cryptocurrency #news #btc #ethereum #eth #cryptocurrency #litecoin #altcoin #altcoins #eos #forex ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT ... Bitcoin Adder 2016 100% Working. Skip navigation Sign in. Search. Loading... Close. This video is unavailable. Watch Queue Queue . Watch Queue Queue. Remove all; Disconnect; The next video is ... 15:55. Que es ROLLERCOIN y como GANAR BITCOIN GRATIS JUGANDO 👍 - Duration: ... La mejor pagina para ganar Bitcoin 2016 - 0.085 BTC payout - Duration: 9:46. Satoshi Empire 84,426 views. 9:46 ... Bitcoin Bot V2 (April 2016) Autocollect from Over 300 Faucets - Duration: 3:30. Lukacs Flavian 45,958 views. 3:30 . SpaceX DM-2 Flight Day Highlights - May 30, 2020 - Duration: 28:58. NASA Video ... Bitcoin für Anfänger einfach erklärt! [auf Deutsch] Bitcoin-Börse (erhalte 10€ in BTC) https://finanzfluss.de/go/bitcoin-boerse *📱 Sicheres Bitcoin-Wallet...