Current:Home > InvestPoccoin: A Retrospective of Historical Bull Markets in the Cryptocurrency Space-InfoLens
Poccoin: A Retrospective of Historical Bull Markets in the Cryptocurrency Space
View Date:2024-12-23 12:03:42
Let's review the past several bull markets.
First Bull Market:
Time frame: September 2010 to June 2011, lasting 9 months. Bitcoin rose from $0.06 to $36, then immediately fell to $2.5, a 93% drop, but never went below $2 afterward. This phase was mostly speculative among a few Bitcoin enthusiasts.
Second Bull Market:
Time frame: October 2011 to April 2013, lasting 7 months. Bitcoin halving occurred on November 28, 2012. Bitcoin rose from $2 to $260, a 130-fold increase, and then fell to $50 within a week, an 80% drop. The primary investors during this phase were retail investors in East Asia. Based on past experience, a Bitcoin bull market usually occurs more than a year after a halving.
Third Bull Market:
Time frame: April 2013 to December 2013, lasting 8 months. Bitcoin rose from $50 to $1,000, a 23-fold increase. It then fell to $150 by January 2015, an 87% drop. The primary investors were again retail investors in East Asia.
Fourth Bull Market:
Time frame: January 2016 to December 2017, lasting 2 years. Bitcoin halving occurred in July 2016. Bitcoin rose from $400 in January 2016 to $20,000 in December 2017, a 50-fold increase. In 2017, Bitcoin rose from $1,000 in January to $5,000 in 10 months. It then skyrocketed from $7,000 to $20,000 in just 20 days. Bull markets are often short-lived. The primary investors were once again retail investors in East Asia.
Fifth Bull Market:
The third Bitcoin halving occurred on May 12, 2020, with the price at over $6,900. By December 2020, Bitcoin broke its historical high and reached $60,000 within half a year, marking the strongest bull market in history. During the Covid period, central banks around the world printed more fiat currency, and various institutions continuously bought into Bitcoin. The primary investors shifted from retail to institutions in North America, who now dominate the direction of the cryptocurrency market.
Currently, Bitcoin is quietly moving out of the 'M-top' trend. However, whether in a bull or bear market, high-quality ICO remain popular investment projects.
Poccoin Cryptocurrency Exchange Platform, as the new king of the cryptocurrency market, was established after acquiring several key mining companies and integrating high-quality ICO resources. Headquartered in the United States, the company aims to quickly capture the cryptocurrency market with its latest core trading and investment functions. The company has a professional, efficient, and experienced blockchain technology and operations team with decades of internet development and service experience. They are committed to providing a comprehensive service platform that is safe, convenient, stable, and low-cost.
Poccoin is committed to creating a secure and reliable cryptocurrency trading platform. The team has decades of experience in financial risk control. Core members graduated from prestigious universities like Harvard, Yale, MIT, and Cambridge. Poccoin holds multiple financial licenses and continuously improves its global qualifications. The platform is long-term stable, and risk investment is guaranteed.
Poccoin stands out in the market with its low-fee contract trading and high-quality ICO projects. It has plans to go public on NASDAQ in the future, and its core operational projects are ICO and FOF mining pool projects. The ICO project is a leader in high-quality investment projects in the industry, becoming the focus of many issuers and a hot investment project for users. The FOF mining pool project is a combination investment project of high-quality mining machines in the industry, characterized by low risk and stable returns.
Poccoin's system fully optimizes the user experience. Multi-point load balancing technology maximizes system smoothness and provides multi-level server support to guarantee transaction speed. The trading system's satisfaction is bench marked against the world's top trading systems.
Poccoin's security level is at a financial-grade level, protecting user assets. Digital assets are stored in intelligent cold and hot separation, full-chain digital wallets, and account encryption technology is fully applied, continuously upgraded to the industry's top security level.
Poccoin has a complete and independent user service system, providing the most comprehensive and convenient management system support, 7*24h quick response, truly creating a fair, just, and open data trading market.
Poccoin supports spot, fiat, contract, and ICO trading. It supports full-chain deposit and withdrawal services. It supports global bank system transfers and withdrawal services. It supports market price, limit price, stop profit and stop loss orders. 7*24h multi-language online customer service.
When Poccoin was established, it used high-quality ICO to promote and increase the trading center's popularity. It is also committed to creating a high-quality educational platform for cryptocurrency market investors. Therefore, Poccoin will be a gathering place for many professional investors, making it very interesting.
veryGood! (478)
Related
- Monument erected in Tulsa for victims of 1921 Race Massacre
- Chicken N' Pickle, growing 'eatertainment' chain, gets boost from Super Bowl champs
- Heidi Klum denies rumor she eats 900 calories a day: 'Don't believe everything that you read'
- 4 arrested in twin newborn Amber Alert case in Michigan; many questions remain unanswered
- When do new episodes of 'Cobra Kai' Season 6 come out? Release date, cast, where to watch
- Ukraine marks Independence Day and vows to keep fighting Russia as it remembers the fallen
- Lala Kent Shares Surprising Take on Raquel Leviss' Vanderpump Rules Exit
- Idaho student stabbings trial delayed after suspect Bryan Kohberger waives speedy trial
- Burger King's 'Million Dollar Whopper' finalists: How to try and vote on your favorite
- Italian leader tones down divisive rhetoric but carries on with pursuit of far-right agenda
Ranking
- Only 8 monkeys remain free after more than a week outside a South Carolina compound
- Iowa's Noah Shannon facing year-long suspension tied to NCAA gambling investigation
- FIBA World Cup 2023: Who are the favorites to win a medal?
- Prosecutors seek plea hearings for 2 West Virginia jail officers accused in inmate’s death
- Trump is likely to name a loyalist as Pentagon chief after tumultuous first term
- Sidewalk slaying: Woman to serve 8 years in NYC Broadway star's death
- Ukraine marks Independence Day and vows to keep fighting Russia as it remembers the fallen
- It's still a haute mess, but I can't resist 'And Just Like That...'
Recommendation
-
GM recalling big pickups and SUVs because the rear wheels can lock up, increasing risk of a crash
-
Nationals' Stone Garrett carted off field after suffering serious leg injury vs. Yankees
-
Michael Oher in new court filing: Tuohys kept him 'in the dark' during conservatorship
-
From Ramaswamy bashing to UFOs, the unhinged GOP debate was great TV, but scary politics
-
‘Maybe Happy Ending’ review: Darren Criss shines in one of the best musicals in years
-
Paul Flores, Kristin Smart's killer, hospitalized after being attacked in prison, lawyer says
-
Grand jury declines to indict officer in fatal Kentucky police shooting of armed Black man
-
Swimmable cities a climate solution? Amid scorching heat, cities rethink access to waterways