I see people who arrived this year in cryptocurrencies eager, bringing the concept of the stock market to the crypto world.
The only information that is the same, and that you should carry with you forever in life, is the famous phrase by Warren Buffett.
"The market is a machine that transfers money from the impatient to the patient." The crypto world lives in cycles, and here's how this cycle works:
- Bitcoin (BTC) halving is the process in which the rate and rewards for bitcoin mining are reduced by half.
- Bitcoin halving occurs once 210,000 blocks have been added
- In Bitcoin's short history, halving has been synonymous with a catalyst for the cryptocurrency's price. One year after the first event, which occurred in 2012, Bitcoin rose 7,956%. After the second "halving", in 2016, the crypto asset advanced 270% in the following 365 days. Following the third, which took place in 2020, BTC recorded a 533% increase in the same period.
I'll leave the graph of the last cycle
which I believe will be similar.
Start - 10/18/2020 11,407
End - 11/07/2021 69,000
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