How much profit has Bitcoin given in each period? + chart

Mehr News Agency; Economic Group _ Ali Forozan Far; An examination of the price behavior of Bitcoin since the beginning of its transactions shows that this crypto As the most prominent currency in the world of digital currencies, it has three-year price cycles on average in a way that its price experiences 2 years of growth and then one year of decline and correction. The following report examines in more detail the movement steps of this cryptocurrency from the beginning of its trading until today in seven steps.

The first step – Genesis

The chart below shows that Bitcoin, in the first step of its movement and from the price floor of $2 (October 2011), was able to reach within 26 months (792 days) according to the closing price Kendel monthly in November 2013 (price $1,120) more than 560 times (and of course 581 times taking into account the maximum recorded price i.e. the price of $1,163) and to register a return of 55,900 percent within a period of two years and two months. 55 thousand and 900% efficiency in this step has occurred in the situation that November 2013 was the most profitable month in the entire history of Bitcoin trading and with the registration of style=”text-a..”>Candlestick’s rise to $916 has brought a historical monthly return of 450% to Bitcoin holders, although in the following 14-month period, it has withdrawn all of this return of 450%. It has been.

Another important point in the first step is that the price in the middle of the road has undergone severe temporary corrections, for example in the two months of April and May 2013, the market experienced a deep correction in such a way that in April 2013, Bitcoin experienced a drop of more than 44% within a week, which, taking into account the maximum and minimum price recorded in this Weekly candle, the distance between the one who bought at the price ceiling and the one who sold at the price floor is more than 82% in just one week.

Second step – first deep modification

From December 2013 to January 2015, Bitcoin experienced a deep 14-month correction, losing more than 80% of its value, falling from $1,120 to $217.

The third step – regrowth

After completing the 80% correction in the previous step, the next upward movement of Bitcoin will start with a little delay (about 7 months correction time). In this step, from September 2015 to December 2017, within a period of 27 months (822 days, equivalent to two years and three months), Bitcoin, considering the price opening at $230 in September 2015 and the price closing at $13,880 in December 2017, yielded 5 It registered 1,935 percent and increased more than 60 times. Meanwhile, taking into account the price floor of $223 in September 2015 and the price ceiling seen in December 2017 ($19,666), the return of Bitcoin was about 8,700%.

More carefully in the above chart, we can see the important point that at every turn, the highest yield was in the end candles, so that new investors by rushing into the market of monthly candlesticks make a 50% increase. And this is a warning to reach the end of the game or at least lose the attractiveness of safe and low-risk investment at these prices.

For example, the last bullish candle recorded in the chart above has a maximum price of $19,666 and a minimum price of $19,666. 9 thousand and 370 dollars, which means a gap of more than 109% between the minimum and maximum price seen in this candle and in the case of Kandel one to the last, the same conditions is ruling and we see a gap of more than 105% between the minimum and maximum price in this candle and the height of excitement in the long shadows of these two Candle waves.

The fourth step – 52-week correction

Bitcoin’s next deep correction will begin in the second half of December 2017, and the price of Bitcoin within 52 weeks (one year) from the price of $18,953 (at the beginning of the third week of December 2017) It will decrease by more than 83% to the price of $3194 (end of the second week of December 2018). The chart below shows the weekly changes in the price of Bitcoin during this period.

The fifth step – price growth despite the pandemic Corona

After completing the 83% correction in the previous step, the next upward movement of Bitcoin will start with a little delay (about 2 months correction time). In this step, from the beginning of September 2019 to the end of October 2021, within a period of 34 months (1066 days, equivalent to two years and 10 months), Bitcoin, considering the opening price of $3,694 in September 2019 and the closing price of $61,359 in October 2021, has a return of one It registered 1,561 percent and increased more than 16 times. Meanwhile, considering the price floor of $3,322 in September 2019 and the price ceiling seen in November 2021 ($69,000), the yield of Bitcoin was around 2,000%.

Like the previous upward movement, we again see a candle with long shadows at the end of the trend. For example, in the green candle located in the left blue box marked with a black circle, the minimum and maximum price seen in one month is more than 80% of them are together, and the length of the shadow is even greater than the length of the candle body.

One ​​of the reasons for the prolongation of this upward movement step compared to the previous two upward steps is the 9 months of time correction from July 2019 to March 2020 in this step.

The cross-sectional correction of more than 40% in the second 3 months of 2021 (April to the end of January) and the growth of nearly 100% after that practically marked the end of this step.

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The sixth step – the third correction (this time a little less)

Bitcoin’s next deep correction will begin in the second half of November 2021 in such a way that the price of Bitcoin within 53 weeks (one year) from the price of $65,510 (at the beginning of the third week of November 2021) It will decrease by more than 75% to the price of $16,256 (end of the second week of November 2022). The chart below shows the weekly changes in the price of Bitcoin during this period.

Seventh step (ongoing) – Growth again following the popularity of digital currencies due to the heating up of the artificial intelligence market

After completing the 75% correction in the previous step, the next upward movement of Bitcoin has started this time at the beginning of 2023. In this step, from the beginning of January 2023 to the end of November 2024, within a period of 23 months (701 days, equivalent to one year and 11 months), Bitcoin, taking into account the opening price of $16,530 at the beginning of January 2023 and its current price at the time of preparing this report $96,785) on November 29, 2024 recorded a return of more than 485% and is less than 6 times, while taking into account the price floor of $15,479 in November 2022 and the price ceiling seen this month ($99,800), the yield of Bitcoin was more than 500%.

What will be the price of this currency in the near future?

As ​​this report shows, examining the price behavior of this cryptocurrency from the beginning until now repeated cycles of two-year growth and correction It has been a year, so on this basis and with the passage of 23 months of the price increase, we should slowly wait for the end of this round of movement. For investors The old one has been more of a selling opportunity than a new investment. For this reason, considering reaching the two-year time limit and the price growth of more than 500% from the price floor, this price area is a risky area for new investment, and it is also of a short-term type. is.

Another point that should be mentioned is that by examining the movement steps of this currency, we see a decrease in its efficiency at each turn, so that in the first price growth (first step) Witnessing a return of 55,900% (and even 450% in one month), witnessing a return of 5,900% in the second price growth (third step) and seeing a return of less than 1,600% in the third price growth (fifth step) and finally, in the last step and up to now, we have seen a growth of more than 500 percent.

more importantly than this, we are faced with the question of how many people have been able to purchase at prices less than 16 thousand dollars. Bitcoin, and more importantly, how many of them have kept their Bitcoin until now? I don’t think there were many of these people, what about you?