In the back half of 2017, Bitcoin surged in price from $1,578 on May 5 to $19,140 on December 16.
Then the bottom fell out.
Bitcoin started 2018 at the $15,000 price point and ended the year just below $4,000.
Then from mid-2019 to mid-2020, the price basically stayed the exact same, then it dove off a cliff when the pandemic happened.
And now, well, we all know what happened over the last year.
Crypto markets skyrocketed, which pulled me into wanting to learn more about Bitcoin and crypto at large. And now I look like the moron who invested basically everything at the very top of the market.
I realized one thing when looking at past data and analyzing Bitcoin’s price over time..
You really need to make hay every 3–4 years when the Bitcoin halving occurs. When the halving happens, you can expect the price to rocket in value like a Coke and Mentos reaction.
When there’s not a halving occurring, it seems the opportunity to make money in this market is non-existent, because price just meanders sideways until the next halving.
I think this game rewards people who have been in it for 3–4 years (at least), and if I need to stay on the sidelines, invest more, and wait for the next Bitcoin halving to make hay, then I will.
