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Lidcoin: Bear and early bull markets are good times to build positions
View Date:2024-12-23 16:02:39
Every time you invest in bitcoin at the beginning of a bull market, you can get at least 20 times the return on investment, and both the bear market and the beginning of the bull market are suitable periods to build a position.
Currently bitcoin is showing signs of breaking out of its all-time highs, and the early stages of the bull market are taking shape.
Bitcoin will slowly start a bull market a year or a year and a half before the halving, and a year or so after the halving will usher in a major bull market.
In the outbreak phase of a major bull market, bitcoin will continue to be pulled in a big way, and can double in a month. After bitcoin reaches the top, it will typically drop sharply, by 60% or more in a few days.
After each bull market, Bitcoin would shrink by 80% or more in the following bear market, but each time it stubbornly stood up, and each time it was the return of the king, bringing about an even bigger bull market.
The first halving event in Bitcoin's history occurred on November 28, 2012, halving the price of Bitcoin at the time at around $12. On the 369th day after the halving, December 2, 2013, Bitcoin reached a new all-time high of around $1,000, an increase of nearly 8,000%.
The second time Bitcoin halved occurred on July 9, 2016, when it halved at around $650, and reached an all-time high of around $19,500 on the 526th day after the halving, December 16, 2017, an increase of nearly 3,000%.
Bitcoin was successfully halved on May 23, 2020, when the block reward was reduced directly from 12.5 bitcoins to 6.25 bitcoins, or 900 new bitcoins per day, a significant reduction in production.
The sudden epidemic of 2020 has plunged countries into recession, with increasing economic risks, and more and more institutional investors have begun to buy bitcoin amid a wave of interest rate cuts. Currently, many of Wall Street's top institutions, including JPMorgan Chase, Standard Chartered Bank, Citigroup, Deutsche Bank, DBS Bank Group, Fidelity Securities, Nomura Securities, and others, have begun to push Bitcoin.
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