Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: cryptothief on March 18, 2018, 08:48:05 PM
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I was just looking through the historical prices of Bitcoin on bitcoin.com (https://charts.bitcoin.com/chart/price) and noticed that the high points and low points seem to be (give or take a bit) fairly predictable. The highest price of Bitcoin each year always seems to be towards the end of the year, normally December; and the lowest price always seems to be at the beginning of the year, normally January. Obviously throughout the year there is plenty of market movement up and down, and some periods may over or under run slightly, but as a general pattern, it's an eye opener.
2010 -
Low - No real action on the price until July, when it jumped from virtually nothing to about $0.09. Therefore lowest price January to June.
High - Hit $0.35 in November
Percentage rise from lowest to highest point almost 300%
2011 -
Low - Started the year at around $0.30
High - Hit $29 in June
Percentage rise from lowest to highest point almost 10,000%
2012 -
Low - Dropped to around $4 in February
High - Rose to just under $14 by December
Percentage rise from lowest to highest point around 250%
2013 -
Low - Carried on from December at around $13 in January
High - Huge rise up to over $1100 by November
Percentage rise from lowest to highest point almost 8,500%
2014 -
Low - Low point right at the end of the year, when it dropped to just over $300
High - Hit it's high right at the beginning of the year in January at around $950 before immediately dropping like a stone
Percentage rise from lowest to highest point just over 200% (pretty irrelevant this one, as the high was in January and the low in December, so would show a loss unless trading throughout the year)
2015 -
Low - Didn't drop too much lower than December 2014, and was at around $190 in January
High - Crept up to $460 by December
Percentage rise from lowest to highest point almost 150%
2016 -
Low - Standard January drop to about $370
High - Steadily moved up, roller coaster style, to almost $1000 in December
Percentage rise from lowest to highest point just over 150%
2017 -
Low - Just under $800 in January
High - Around $20,000 in December before...
Percentage rise from lowest to highest point almost 2500%
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None of this really means anything I guess, but interesting nonetheless.
Another random fact, August 2013 was the last time you could buy a Bitcoin for less than $100. And hopefully that won't be changing anytime soon.
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from my own analysis
bitcoin will fall near 5k to 6k zone and then it will bump up to the record breakink 20k :)
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There are some projects now that proposed to use A.I to predict the price of cryptocurencies. For now, they're under development and hopefully it will work in the future.
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I think bitcoin will fall around 6k then it will bounce again . Hope so break the highest level.
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I was just looking through the historical prices of Bitcoin on bitcoin.com (https://charts.bitcoin.com/chart/price) and noticed that the high points and low points seem to be (give or take a bit) fairly predictable. The highest price of Bitcoin each year always seems to be towards the end of the year, normally December; and the lowest price always seems to be at the beginning of the year, normally January. Obviously throughout the year there is plenty of market movement up and down, and some periods may over or under run slightly, but as a general pattern, it's an eye opener.
2010 -
Low - No real action on the price until July, when it jumped from virtually nothing to about $0.09. Therefore lowest price January to June.
High - Hit $0.35 in November
Percentage rise from lowest to highest point almost 300%
2011 -
Low - Started the year at around $0.30
High - Hit $29 in June
Percentage rise from lowest to highest point almost 10,000%
2012 -
Low - Dropped to around $4 in February
High - Rose to just under $14 by December
Percentage rise from lowest to highest point around 250%
2013 -
Low - Carried on from December at around $13 in January
High - Huge rise up to over $1100 by November
Percentage rise from lowest to highest point almost 8,500%
2014 -
Low - Low point right at the end of the year, when it dropped to just over $300
High - Hit it's high right at the beginning of the year in January at around $950 before immediately dropping like a stone
Percentage rise from lowest to highest point just over 200% (pretty irrelevant this one, as the high was in January and the low in December, so would show a loss unless trading throughout the year)
2015 -
Low - Didn't drop too much lower than December 2014, and was at around $190 in January
High - Crept up to $460 by December
Percentage rise from lowest to highest point almost 150%
2016 -
Low - Standard January drop to about $370
High - Steadily moved up, roller coaster style, to almost $1000 in December
Percentage rise from lowest to highest point just over 150%
2017 -
Low - Just under $800 in January
High - Around $20,000 in December before...
Percentage rise from lowest to highest point almost 2500%
-----------------------------------------------------------
None of this really means anything I guess, but interesting nonetheless.
Another random fact, August 2013 was the last time you could buy a Bitcoin for less than $100. And hopefully that won't be changing anytime soon.
In my opinion i think Bitcoin's price is being manipulated by one or two person, or big investors. Well i have here an article and i hope it can help others to understand why Bitcoin's price is going up and down.
https://www.express.co.uk/finance/city/905222/bitcoin-price-news-latest-manipulation-cryptocurrency-surge-plummet-stock-exchange
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Definitely some small groups is manipulating the price. If you look at the chart closely you ll see marcetcap volume decreased dramatically on december. Two hundred billions has gone in just two days . For this reason its not possible to predict the price.
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I believe bitcoin will increase again.
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Very insightful replies, looking forward to some more experts weighing in before I decide whether to buy or sell. I would like to think that the majority of investors have at least done some research, but when it comes to trading, I guess that may be unlikely.