The Lowest Annual Price Of Bitcoin Is Constantly Increasing
In addition to being the most successful asset of the decade, Bitcoin is ultimately much more consistent than some media would have you believe. Of course, its high volatility induces significant variations in its price.
The differences between its minimum and maximum price per year are always significant. Nevertheless, a more interesting statistic is the one concerning its lowest price per year since 2010:
2010: $0.01
2011: $0.30
2012: $4
2013: $65
2014: $200
2015: $185
2016: $365
2017: $780
2018: $3,200
2019: $3,350
You immediately notice that this price only increases. This increase in the lowest price is more or less pronounced depending on the year, but the general trend is towards a constant increase.
This consistency in the increase in the lowest price of Bitcoin fully justifies the Bitcoiners’ HODLING strategy.
By having real confidence in Bitcoin and continuing to accumulate it on a regular basis, you are a winner in more than 90% of cases. It is all a matter of time and resilience.
Bitcoin’s Fundamentals Are Still Present
This belief in Bitcoin is based on fundamentals that are always present. Indeed, despite criticism or a drop in its price, Bitcoin continues to move forward block after block.
In 2020, the Bitcoin will continue its journey to write history.
History that Bitcoin is writing is this of creating a new monetary and financial system that is fairer for everyone. Bitcoin is a technological revolution first of all. There is a real consensus on this point.
Revolutions may take time, but the most important thing is that the progression of Bitcoin remains constant year after year.
If you look closely at Bitcoin, you will see that progress is being made day after day and that the community continues to work to make Bitcoin ever safer but also more scalable. The ongoing integration of the Lightning Network is a perfect example of this.
Bitcoin therefore continues to prepare for the better world it seeks to build in the future.
Conclusion
The price of Bitcoin has just gone below $7K. For some, this price is an alert to sell their Bitcoins. For others, including myself, this price under $7K is a non-event and even more, a new opportunity to accumulate a little more Bitcoins.
Bitcoin’s objectives are so ambitious that they can be reduced to its price at any time. The Bitcoin price at the end of 2019 is only a snapshot of a bigger picture that remains particularly positive.
Bitcoin’s fundamentals remain excellent and Bitcoin will continue to build a better system for the future in 2020 and beyond. Don’t be one of those who panic when its price changes significantly. Analyze the fundamentals and you will then join the Bitcoiners camp who remain totally confident and maintain their HODLING strategy.