Bitcoin also rewards those who bought it almost at the worst possible time

The bitcoin rate is the highest in almost three years. Satisfaction and relief in the current development of the value of cryptocurrencies can be seen even by people who first invested in virtual coins in December 2017, ie just before the bursting of the then crypto-bubble.

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The lesson that investing in cryptocurrencies requires first and foremost patience and a long investment horizon is beginning to be reaffirmed. Especially people who “jumped” into cryptocurrencies before Christmas 2017 were convinced of this.

A smaller historical nipple is useful here: bitcoin was talked about on all possible news channels at the time, queues were forming in front of bitcoinmats in shopping malls, and those who were least prudent even took out loans to buy cryptocurrency. The tripling of the value of bitcoin in two months then literally caused an investment mania and inflated a bubble that withstood comparisons with the largest in history.

Recall a January 2018 period video that put the growth of bitcoin in a historical context:

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Bitcoin – bubbles • VIDEO Jan Vávra, František Kára, E15

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However, many new bitcoin holders soon regretted their decision, as the value of bitcoin dropped from $ 20,000 to about a third in the next less than 12 months.

If they persevered and didn’t sell bitcoin, they finally start to be in the red, or at least to zero, after many years.

Development of the bitcoin exchange rate from autumn 2017 to the present

Even in December 2017, a number of days could be found when bitcoin was traded below its current value. The cryptocurrency was then above the level of $ 16,000 that bitcoin had recently ascended, roughly between December 9 and 27, 2017.

Another development is known – there has been a long-term decline in the bitcoin rate with several shots upwards. However, many newcomers stopped perceiving bitcoin as a possible long-term store of value due to huge price fluctuations. But the story of digital gold is now reviving, according to cryptocurrency proponents, as central banks have unprecedentedly loosened monetary policy.