Buy - Send to Wallet - Forget
If we apply the saying that history repeats itself to crypto, the year 2017 comes to my mind.
#Bitcoin, which started 2017 with a figure close to 1000 dollars, reached the level of 3000 dollars in the days we left behind the first 6 months of the year.
Immediately after the short-term rise, the downtrend started again and fell below $ 2000 in a period of 1 month.
The rise, which started in August 2017, broke another record in September and exceeded 5000 dollars. With the pressure of the profit sales that followed, Bitcoin fell back to the level of $ 3000 in a period of 1 month.
The new bull run that started in late October caused Bitcoin to set a new record in November. The price could now hold at the $8000 levels.
Bitcoin, which started to rise again after short-term correction movements, started to break records many times in the same day.
When we came to December 17, 2017, it reached a tremendous price of $ 19,700.
In the following times, #Bitcoin has experienced ups and downs by staying below its own price record.
The average price in 2018 is 7000 dollars,
In 2019, the price fluctuated between $3000 and $13,000.
Bitcoin, which started 2020 with a figure of $ 8000, broke the old record at the end of the year and exceeded the levels of $ 21,000.
In 2021, the golden age period had begun for Bitcoin, which broke new records with the effect of the halving.
When we look at the price movements between 2017 and 2021, I think that the price movements of the last 4 years of history and the price movements of 2022 show similarities.
Stability and regular increase could be achieved in 2021 for #Bitcoin, which went through a turbulent period after 2017.
We started 2022 with a decline and the downtrend in the crypto markets continues. We do not know if there will be a new rise or how the decline will follow.
…but we can speculate from the historical data we have.
If we consider it with a simple citizen approach who does not understand the markets;
How much would a person who buys with a few dollars in hand without straining his budget in every downturn after the rise in 2017, which attracted all the attention, and who always keeps his purchases, if he sold all the crypto he owned during the peak price period of 2021?
It was certain that he would win, but let's not go into an imaginary calculation as the figure will vary according to the amount and time of purchase.
The decline that started after 2021 is progressing just like the ones that started after 2017. We will probably see movements similar to the rises in 2025, 2017 and 2021. The halving periods in Bitcoin will be effective in this.
What I'm about to say now is just my simple ideas that are self-contained and not an investment advice! You should also know that I am not an expert in investment and I am not in a position to advise anyone and I will not take any responsibility.
You know what they say; Take as much risk as you can afford to lose!
As someone who doesn't like to lose, the enigma of the number that one can afford to lose is another topic!
In 2022, the downward trend has started. It has similarities with 2018. Now I've created a separate wallet for myself, and every time I drop, I make a few dollar purchases. No matter what the Bitcoin price is, my few dollars of purchases will continue and never be sold during each downturn!
These purchases I have described will continue at all times of decline until 2025. Even if the Bitcoin price rises and breaks a record, it will not be sold! As I mentioned, the target will be the end of 2025!
Buy – Send to wallet – Forget; I hope that this form of investment will not involve too much risk. My expectation from these transactions, which I will only do in response to price fluctuations in the past, is to reach a figure like x100!
Dreams are seeds that fall from our hands as we pass through the field of life. You should also strive for seeds and fields so that dreams come true.
Sources used for the information obtained during the writing of the article;
https://www.innova.com.tr/tr/blog/fintek-blog/yillara-gore-bitcoin-fiyatlari-degisimi
https://listelist.com/2017-bitcoin-fiyati-dolar-tl/
Image uploaded to pixabay by sergeitokmakov.
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I hear you!
One can never predict what can happen to the crypto market tomorrow, but we can almost guarantee it will rise in the scale of years. So your strategy is a smart one if you can commit to it. I tried something similar once with Eth and failed. (Cashed out cause I needed the money)
For now I have a job that I actually do. So I don't think I'll be short of cash unless it's something urgent. I hope I don't have to spoil it and it will be successful! Thank you!
I'm with you, I think a good way to go is to invest in the falls what we are willing to lose and forget about it for a while. It can make a big difference in the future if we are patient.
Dreemport brought me here today.
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Yes, the keyword seems to be patience. Thank you.
Yes, patience is the key and is not always easy to have. You are welcome and happy weekend!
!PIZZA
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Obviously, those who could wait, witness the various up and downtrend that Bitcoin did. And most people must have sold at their own pace and timing while others held unto it. Let's not forget, there are also people who forgot to store their seed phrases, and thus, lost that part of their investment. It's part of those lose terms right?
Glad you are storing up your treasures, and you have given it a time frame too. May the goddess of wealth be with you. 💚💚
Thank you so much for your nice words and support. I hope the wishes come true for all of us.
You are welcome 🤗. Thanks too.
PIZZA Holders sent $PIZZA tips in this post's comments:
@coquicoin(5/5) tipped @foryoubtc09 (x1)
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Yeah, kind of wondering what was going on now @foryoubtc09, watching it fall, and I figured BTC must be on the decline as well, since it leads things off. Seems everything follows the lead lol.
Good job on your perspective on hodling! Everyone has to do what they are comfortable with.
This post was obtained through Dreemport.