In 2014, it went from $1000 in December of 2013 to around $200 in December of 2014 one year later. In 2017 it went from $19,000 in December of 2017 to $4,000 in December of 2018 one year later. In 2022 we reached two ATH's but the most recent one was around $69,000 in November of 2021. Many think we will have a lower low this time, but if the trend continues we will see November of 2022 being the best time to buy. Obviously this is not a fact and only analysis, but it is based on history of bitcoin's price which is the only thing we have to look at and analyze. The best time to buy seems to always be one year after a previous Bitcoin ATH. This is likely because one year is enough time in people's minds to forget the investment/hype and sell, but also enough time to reach the long-term tax status instead of short-term and not get hit hard on taxes. [link] [comments] |
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