Analyzing Bitcoin Based On Previous Data to Predict the Future Value

Most of us try to invest when one of our friends advised us to do.

The story begins like this…

One of my crypto friends advised me to invest some of my savings into Bitcoin and other cryptocurrencies to earn a lot of interest or whatever you call it.

He even shared his earnings with me which clearly shows more than 150% profit from his investing.

What I have done? I was overwhelmed and bought the Bitcoin from all of my savings.

No, I haven’t made that type of stupid mistake. But most of us do that.

Whenever we got into bitcoin like this we broke.

Then what I have done? I went to google to know more about Bitcoin.

And what I found was that when Bitcoin was first introduced in 2009, it was worth $0. A year later, when early adopters began trading in the digital currency, it was valued at the fraction of a cent. In 2011, the cryptocurrency hit the level of $1 for the first time.

Ohh shit, what I was doing at that time. If I had bought some bitcoin in 2011, I would be richer.

Suddenly, it set new heights. Yes, it got crashed but was able to jump higher.

Src: Google

If we analyze the above graph, we can clearly see that whenever it got crashed, it broke his record and went up.

So if we predict the price by analyzing the previous data we can easily say that at the end of 2021 or in 2022, the bitcoin will obviously jump above $60,000.

Note: I am not saying about all of these, the data shows the result like this. So it will definitely go up.

What other investors are doing?

Well, I am not a crypto expert, but I follow some of the top crypto experts. The news, blogs, videos that I have gone through, claim that most of the investors are trying to accumulate Bitcoin. Even most of the investors are not selling their bitcoin.

I am not saying that you should invest all your savings into it. If something bad happens then you may lose all your money so don’t ever do that.

My intention is to provide you with some of the knowledge that I gained.

That’s it–thanks.

Leave a Reply

Your email address will not be published.