In Q3 of 2013, BTC/USD printed a low of $1.00.
5 years later, the low for Q3 2017, was $1826.10.
It is now 2018 and the LOWEST Bitcoin has printed is $6k.
Even after this -49.68% loss, the $6k all time low for 2018 is +715.99% change from the 2017 year low.
Over the 22 Quarters between 2013 Q1 and today (2018 Q2):
Bitcoin has performed
a. 12 of the 22 with an average positive change of +102.62%
b. 10 of 22 with an average negative change of -19.62%
Total average change for Bitcoin/USD in this period is A POSITIVE GAIN of 47.10% PER QUARTER.
Despite material fact of BTC/U performance and trend over the past years, the effort to project a BTC/U Bear Market narrative shamelessly continues, claiming $4k as the true near term support.
The reality is, $4k is a price level that BTC/U has not seen since, Q3 of 2017.
Yes, it’s possible to see that price again but positing 4k as a bear market price is nothing short of embarrassing, considering this 2017 level of "support" represents a positive change of 444% from Q1, 273.83% from Q2, and 119.03% from Q3, all within the same fiscal year.
With the historical data referenced above and readily known by anyone in the market prior to Q4 2017, the "4k Bear Market" narrative echoes nothing more than the bitter sentiment of a latecomer.
Even the CME's, BRR and BRTI, can track an overall change of greater than a +1000% in BTC/U from it's official launch in Q3 2016 to the current day price.
Since the first listing of BTC/U on an exchange priced at $0.003 on March 10 2010, to the current price at $8516.80, BTC/U has seen a 283,893,233.33% gain.
Since it priced at $1.00 as the low for Q3 of 2013, to today, BTC/U has seen a 851,580% gain.
Those that continue to insist that BTC/U is in a bear market, will have better luck finding losses in their credibility.
Credit Suisse reported 1.1 Million new millionaires were created in the U.S. in 2017, for a total of 15,356,000 millionaires in the U.S. alone.
Total current supply of Bitcoin is 17,044,825 with a max cap of 21,000,000.
So to those intent on driving down prices; tread lightly, there are masses ready and waiting to take your seat at this table.
“…the opportunity of defeating the enemy is provided by the enemy himself.”
Appreciate the risk.
5 years later, the low for Q3 2017, was $1826.10.
It is now 2018 and the LOWEST Bitcoin has printed is $6k.
Even after this -49.68% loss, the $6k all time low for 2018 is +715.99% change from the 2017 year low.
Over the 22 Quarters between 2013 Q1 and today (2018 Q2):
Bitcoin has performed
a. 12 of the 22 with an average positive change of +102.62%
b. 10 of 22 with an average negative change of -19.62%
Total average change for Bitcoin/USD in this period is A POSITIVE GAIN of 47.10% PER QUARTER.
Despite material fact of BTC/U performance and trend over the past years, the effort to project a BTC/U Bear Market narrative shamelessly continues, claiming $4k as the true near term support.
The reality is, $4k is a price level that BTC/U has not seen since, Q3 of 2017.
Yes, it’s possible to see that price again but positing 4k as a bear market price is nothing short of embarrassing, considering this 2017 level of "support" represents a positive change of 444% from Q1, 273.83% from Q2, and 119.03% from Q3, all within the same fiscal year.
With the historical data referenced above and readily known by anyone in the market prior to Q4 2017, the "4k Bear Market" narrative echoes nothing more than the bitter sentiment of a latecomer.
Even the CME's, BRR and BRTI, can track an overall change of greater than a +1000% in BTC/U from it's official launch in Q3 2016 to the current day price.
Since the first listing of BTC/U on an exchange priced at $0.003 on March 10 2010, to the current price at $8516.80, BTC/U has seen a 283,893,233.33% gain.
Since it priced at $1.00 as the low for Q3 of 2013, to today, BTC/U has seen a 851,580% gain.
Those that continue to insist that BTC/U is in a bear market, will have better luck finding losses in their credibility.
Credit Suisse reported 1.1 Million new millionaires were created in the U.S. in 2017, for a total of 15,356,000 millionaires in the U.S. alone.
Total current supply of Bitcoin is 17,044,825 with a max cap of 21,000,000.
So to those intent on driving down prices; tread lightly, there are masses ready and waiting to take your seat at this table.
“…the opportunity of defeating the enemy is provided by the enemy himself.”
Appreciate the risk.