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The rise of Bitcoin - Historical data analysis of Bitcoin
  • January 11, 2021
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The favorite Crypto currency of most of the people is Bitcoin, which moved from $0.1 to $40,000 in just ten years. That’s 41362300% which is more than 4 crores % returns, insane ! But let’s analyze last ten years historical data of Bitcoin. 

Between Sept 2010 to June 2011, Bitcoin raised from $0.1 to $30, that’s 29900% returns in less than one year. That’s the first bull move witnessed in Bitcoin. But just right after that, it crashed back to $2 from $30, that’s 93.3% crash. First crash! Can you Imagine losing more than 90%? That’s the volatility of Bitcoin.

Every crash is followed by big bull run. Same happened with Bitcoin during 2011 to 2013. Moving from $2 to $240 in less than 2 years, that’s 11900% returns. Just after that, it crashed 80%, from $240, it went down to $50 in few months.

Next spectacular move from $50 to $1250, this happened at a very short span of time, April 2013 to Dec 2013. In 8 months, 2400% returns. Remember this the period where BITCOIN gained huge traction, volumes increased higher. But right after hitting $1000 mark, Bitcoin crashed to $100, more than 90% crash in less than 3 months and continued to trade in a range.

It took more than 3 years for Bitcoin to cross its previous resistance level of $1000. But the moment that barrier was crossed, it instantly shot upto $20,000 in less than a year with intermittent small corrections of -15% to -30%. But after that? Yes, extreme volatility came in again. 

BTC came all the way down to $3000, crashed 85% from its peak level and it took 3 years to break the $20,000 barrier. But in year 2020, it broke that resistance level and shot upto $40,000 which was hit recently. Instant 100% rise in less than 3 months.

Bitcoin rise of $0.1 to $40,000 did not happen so easily. If you are worried that you missed one of the insane bull run, bubble whatever. Don’t be worried, even people with balls of steel can’t see their investment going down 90%. Invest in Bitcoin, only if you are okay to loss all.

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