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/biz/ - Business & Finance

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>> No.12076894 [View]
File: 952 KB, 2368x1108, Screen Shot 2018-11-25 at 11.45.21 PM.png [View same] [iqdb] [saucenao] [google]
12076894

>2014
Bitcoin rose to heights of $1,200 due to years of heightened interest from China. Chinese companies and individuals rabidly bought up BTC and established mining operations in hopes of guarding themselves from their own government/currency. Eventually, the demand from China slowed, sending BTC back to $200.

>2017
Several high fidelity cryptocurrency exchanges arose and gave way to a flood of new retail investors. Retail investors were responsible for driving BTC up to heights of $20,000. Eventually, the supply of new retail investors dwindled, sending BTC back below $4,000.

BTC does not rise and fall due to patterns, and it doesn't rise and fall due to halving schedules. It has historically risen and fallen for explicit and observable reasons. So unless you have a specific catalyst in mind for what will drive interest back into BTC to make it reach heights of $100k+, you may as well just exit the market.

>> No.11980194 [View]
File: 952 KB, 2368x1108, Screen_Shot_20181125_at_11.45.21_PM.png [View same] [iqdb] [saucenao] [google]
11980194

Unironically this. stack up now.

>> No.11975320 [View]
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11975320

>>11974878

>> No.11903621 [View]
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11903621

>>11903302
Don't worry kiddo, just 3 more years till you break even :-)

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