Very interesting to see. You all may remember 2018 to 2019 BTC price falled and falled and falled. I think for most people it was a hard time, as well (or bad in this case) for people, who invested on peak, because they were new to the crypto-hype.
But if you have a look closer to what happened from 2013 till now, we can see, that we are in an healthy all time correction.
I am focusing on European market, but the directions are basically similar 😉
Bitcoin Price from 2018 to 2020
Bitcoin Price from 2013 to 2020
It looks very good and promising! 🙂
Lets have a closer look for 2020
I compared the standard two big player #Bitcoin, #Ethereum and my favorites #Arkecosystem and #Cardano from beginning 2020 and wanted to find out if there could be a positive trend for this year.
I will write a post about Hive, but I want to compare it in other ways because of the Steemit Hardfork since this year.
Well, this is a very basic look, but you can find similarity.
Bitcoin increased since beginning 2020
Ether increased since beginning 2020
Ada increased beginning 2020
Ark increased beginning 2020
They all have increased by a similar pattern.
Similarity
Looks very stunning, doesn't it? 😉
Well, it might be not new, that many blockchain projects increases and decreases very similar, because of multi-investments, which could be fine. But what I am focusing on is NOT the way it increases and decreases. I am focusing on what happens after the correction.
Moving up after Correction
Since 2020 the prices increases and then decreases after Chinese New Year (noooo, it has nooothing to do with this, I guess 😋🙃🙂) and broke more down during the wold-wide corona-pandemic. But since mid-end of march we can notice a very well static increasing again.
Well you could say 'We may will see another correction again'. Yes, absolutely true. But if you have a look to the pitch angle since mid-march, this looks more healthy then pump and dump.
So, but what does it mean, you very Smartass?
Well, remember I told you about the healthy correction for all time at the beginning of this post? Then try to think about the - I would say - positive trend. It looks very good to me, that we could have a new great crypto-wave for 2020.
This of course is neither a prediction nor a financial advice, but I gonna stay very optimistic about the upcoming act of the crypto-world and its market.
The next days I will write a post about comparing projects more deeply and what I think the next steps because of these projects will look like. Politically the hardfork of #Steemit and #Hive is very stunning to me.
Stay tuned! 😎