Today when I checked the #Markets, it was all RED and the bitcoin price was under $5,800. Like everybody else, I was stressed and panic but I thought that analyzing #Bitcoin and sharing the knowledge with you guys would be a smart move.
So I visited #CoinMarketCap and started analyzing the Bitcoin's past historical moves, after 1-2 Hours, I came up with a short conclusion which is, Bitcoin is up by 5628.56% from 2013. As compared to #Dow-Jones-Industrial-Average which is 174.33% from 2013, Bitcoin is up by 5454.23% which made me a bit happy.
As on 23rd June,2013, the price of #BTC was $108.20!! I wished I had a time machine-HAHA!
And on 23rd June,2014, Bitcoin's #price was $602.16. This price is 556.52% more than the previous year!
On 23rd June,2015, btc was at $246.93 which is low as compared to the last year. This is approximately 41% of the previous year. This was the bad year for Bitcoin, but on 4th January,2017 Bitcoin broke $1,000 mark!
On 23rd June,2016, Bitcoin was at $597.44. Though it is below the 2014 price but has gained 241% in one year.
As on 23rd June,2017, #BTC was $2707.34, which is 452.32%!! WOW!
And Today, the price of #bitcoin is $6,090.10, 224.94% high from previous year!
SO, IN SHORT :- BITCOIN IS GROWING AT AN AVERAGE OF 303.16% ANNUALLY WHICH IS WAY TOO HIGH THAN STOCK MARKET, #BANKS OR ANY OTHER FINANCIAL MARKETS!
DON'T SELL YOUR BITCOINS NOW.
If you are a short term holder, then lock 303.16% profit on your initial #investment because, believe me Bitcoin will cross the previous year's #ALL-TIME-HIGH and will make new ALL TIME HIGH!!
And if you are a believer then I will suggest that, don't sell your Bitcoins now and wait for $1,000,000 mark!!
If you have any questions,doubts,suggestions, feel free to comment down.
If you want more information, then visit :-
CoinMarketCap