The perma bullish opinion ECHO with Bitcoin content that dreams are made of.
In the traditional financial sector, Bitcoin (BTC) continues to be viewed with suspicion. Courageous avant-gardists such as MicroStrategy, Stone Ridge and Square venture out of cover and announce their Bitcoin acquisition.
An investment in „Orange Coin“ is more lucrative than any alternative
This year alone, the rate of crypto currency No. 1 rose by around 126 percent from 7,195 US dollars to currently 16,200 US dollars. According to the data from lookintobitcoin.com , there are hardly any chances of being in the red with a Bitcoin investment.
Percentage of days a Bitcoin investment is profitable: 99.4%. Time to achieve 100 percent.
What is meant is reaching the all-time high. Logical, because as soon as Bitcoin cracks its all-time high of 19,600 US dollars, all investors who hold Bitcoin in their portfolio will write green numbers. For Hodler this will be the famous I-told-you-so moment.
Preston Pysh makes the Bitcoin professor
Bitcoin grows cyclically. Instead of simply climbing northwards like the proverbial rocket, the course follows boom-and-bust cycles. Why that is, hardly anyone explains as well as podcaster Preston Pysh .
But Professor … When you told me that Bitcoin was a pyramid scheme, you left out the part about the four year halving cycle and the two week Difficulty Adjustments …
Accordingly, the course reacts more strongly than previously assumed to the supply shock of halving the inflation rate. According to Pysh, it is no coincidence that the time between two all-time highs is almost exactly four years, and thus the same time span as the Halvings.
So if this happens every four years, we should be able to see that on the charts, right? Well, yes you can. Here is an example. The last all-time high (ATH) was on December 11, 2017 and the previous ATH was 1,477 days earlier.