Yesterday was probably a novelty in the history of cryptocurrencies. Within a few hours, the Bitcoin price collapsed by more than 40 percent. So who should remain positive in such a situation? – The answer is: me. In this article I would like to explain why I am optimistic about the future despite the current slumps.
The key words here are the 1-year performance of the Bitcoin price and the strong support of two indicators. In other words: BTC is currently not that bad.
Update: Obviously, the Bitcoin price has hit us harder than we thought in the past few hours. Nevertheless, we want to show you the article in unchanged splendor. You can be wrong so quickly and throw some indicators overboard.
Bitcoin price performance beats stock indices
Let’s start by saying that despite the massive slump yesterday, Bitcoin remains the best asset. At first this statement sounds a bit crazy, but in comparison to the stock indices BTC is actually very good. I would like to explain why this is so.
Bitcoin price over the year by more than 50%
To assess the current situation, we should just take a deep breath and see where we were a year ago. We can see relatively quickly that BTC was even more clearly below the current market price a year ago. More specifically, the Bitcoin price on March 12, 2019 was just $ 3874.