Bitcoin started 2022 nearly twice as valuable as it was in January 2021, capping a year that saw cryptocurrency explode in mainstream interest and curiosity. But before the first month of 2022 had ended, bitcoin had nearly lost all of the previous year’s gains, dropping into the $33,000 range in January.
Markets are cyclical, and Bitcoin tends to cycle every four years with each halving. With another halving ahead in 2024, the price of Bitcoin will begin to increase again as the supply is further slashed. This could start another bull market again and lead to prices of near $500,000 or millions as experts are predicting.
After the bull market peak is eventually put in, the next couple of years in Bitcoin could be a bear market once again. If that happens, switching to shorting each bounce is the best strategy. Bitcoin’s bear market bottom would be somewhere around current levels leading back to the former ATH of 2017.
Bitcoin started 2022 nearly twice as valuable as it was in January 2021, capping a year that saw cryptocurrency explode in mainstream interest and curiosity. But before the first month of 2022 had ended, bitcoin had nearly lost all of the previous year’s gains, dropping into the $33,000 range in January. As more everyday investors […]
Like many other assets, Bitcoin can be bought and sold with fiat currencies such as the U.S. dollar. The price will depend on the current market value, which can fluctuate significantly from day to day. If you’re looking to buy or sell Bitcoin, you have a handful of choices. But for most beginners, the simplest […]
New Bitcoins are created as part of the Bitcoin mining process, in which they are offered as a lucrative reward to people who operate computer systems that help to validate transactions. Bitcoin miners — also known as “nodes” — are the owners of high-speed computers which independently confirm each transaction, and add a completed “block” […]
Bitcoin, the first and most valuable cryptocurrency, has grown from a fringe experiment into one of the hottest tickets in global finance. Bitcoin is a form of digital cash that eliminates the need for central authorities such as banks or governments. Instead, Bitcoin uses a peer-to-peer internet network to confirm purchases directly between users. Launched […]
