The intensifying socio-eco-political issues prevailing in major countries have left a lot of investors worried about the possible potential investment opportunities. Can bitcoin fill the gap? Well, the crowning cryptocurrency has also failed to maintain its high price, but analysts reveal critical points on how it can be a valuable investment opportunity.
The coin, which was once valued above $18000, is now trading at around $7400 against USD. Undoubtedly, Bitcoin hit the peak during the go-go days of 2017, but the sudden crash at the end of the same year has created skepticism around the future movement of the price of the Bitcoin and crypto market in general.
That being said, bitcoin hasn’t witnessed the same figure so far; the value remained 2X lower than that of 2017 at the time of reporting this. On the other side, traders and analysts remained bullish by considering the long-term chart of Bitcoin price.
If you bought very top of #Bitcoin market in Nov 2013 (~$1150) & sold very bottom ~5yrs later during the next cycle (Dec 2018 ~$3150), you would've still made ~22% annual return, which beats most investors in all assets.
You can't lose w >4yr time preference…#BullishAF
— HODL Warrior – My $BTC is not for sale (@_Dumb_Genius) December 8, 2019
Interestingly, a Twitter user who goes by name “HODL Warrior – My $BTC is not for sale” took to Twitter and presented compelling data. By his profile, the account holder looks like an adherent of BTC, the tweet reads; if you purchased Bitcoin back in Nov 2013 at a rate of $1150 and sold five years later at a very bottom of 2019, i.e. $3150, you would’ve still made 22% annual return if Bitcoin.
The tweet further suggested a point that the Bitcoin can remain the best possible investment opportunity that would beat most investors in all assets. However, the person behind this Twitter handle also posted another tweet with reasoning to justify the view. It elaborated;
Why is 4yrs such a significant time factor? Halvings There will be three #Bitcoin halvings in the next ~8.1yrs (assuming ~46 months between halvings). Go all-in on what you can afford to #HODL w >4yr time preference & you’ll be leveraging one of the most significant opportunities in history.
Well, the long term price chart appears as the bullish perspective to look into Bitcoin and possibly to predict the future price of Bitcoin. However, the daily trading volume stayed lower. At the time of reporting this, Bitcoin is plunging by 0.70 percent within the past 24hours, dragging the trading value to a low of $7482 against USD.
Disclaimer: The presented information is subjected to market conditions and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.