Buy - Send to Wallet - Forget

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Written by

foryoubtc09

Someone who loves life, is fun, is a nature lover, does not waste the oxygen he uses..

2 years ago

Topics: Leofinance, Crypto, Bitcoin, Read.cah

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!