Since the inception of the world’s first decentralized blockchain-Bitcoin. It has gradually crept its way up into the collective consciousness of the planet. This has made Bitcoin move from just being a digital collectible for internet geeks to being traded at $0.003 for 1 Bitcoin in 2010 to the very expensive asset it is today (Bitcoin costs $3.800 as at the time of publishing this article). Believe me, its just beginning its march forward. This asset has a very long way to go. For you to truly draw maximum value from this asset and its likes, you need to understand its story. It is a story that repeats every four years. It is an intriguing story. If you must draw maximum value out of this asset them you must understand this story.
The story begins……………the Bitcoin code
When the creator(s) of Bitcoin wrote its code. He/she/they factored in a very simple way of adjusting the coin emission. The coin emission come in form of reward to the miners that maintain the network and make it secure. Satoshi Nakamoto programmed Bitcoin in such a way that this block reward is reduced by half every 210,000 blocks or approximately every four years. The halving of Bitcoin’s block reward every four years is what has set Bitcoin on a course of a four years story since its inception
Anatomy of the past stories
The Bitcoin white paper was released in October 2008 and the blockchain was launched on the 3rd of January 2009 with the mining of the genesis block. The first halving event occurred in 2012. Bitcoin started that year at a price tag of $3.8 and crept up gradually ending the year at a modest price of $13.00. With its first halving concluded. The year after the halving was huge as far as price appreciation goes for Bitcoin. The price jumped from $13.00 at the close of 2012 to reach a whopping $1,200 by November of 2013 (a near 10,000% price appreciation). The year after the halving i.e 2013, Bitcoin entered an aggressive bull market and that bull market popped the year after i.e 2014. Throughout the year 2014, Bitcoin was in a bear market. The price declined steadily until it found a bottom in January of 2015 at a price tag of $170. That final price capitulation from $1,200 in November of 2013 to a low of $170 in January 2015 marked the end of bitcoin’s first four-year cycle (story). The story of
- The halving event in 2012
- An aggressive bull market the year following the halving in 2013
- A very harsh bear market the year following the bull run 2014
- Bottoming of the price in 2015 and the beginning of the lead up to the next halving in 2016
The price finding a bottom in the year 2015 was also the beginning of the run-up for the next leg up the following year 2016. The second halving occurred in May 2016. Again, the price crept up steadily through 2016, ending the year at $800. Like 2013, 2017 was an aggressive bull market for bitcoin and cryptocurrencies in general. Bitcoin rose from a price of $800 in January 2017 and ended the year at $19,450 in December of the same year. We can confidently establish from historic precedence the Bitcoin four year cycle. As I write this in March of 2019, the year after the aggressive bull market of 2017 i.e 2018 was a bloody year. Bitcoin’s price fell from $19,450 to a low of $3,100 and now in 2019, it has begun to show signs of bottoming.
The Bitcoin story (cycle) is crucial
Make no mistakes about it. Bitcoin ( and cryptocurrencies as a whole) are here to stay. Bitcoin has been pronounced the best performing asset of the last decade and its just beginning its evolution. It is my personal belief that the next generation of the super-rich are going to be the Bitcoin/cryptocurrency rich. However, to be able to hold this asset with a strong hand and confidently avoid being shaken off because of its wild swings, then you must pay close attention to this BITCOIN FOUR YEAR CYCLE. If you understand the three stages of the Bitcoin four year cycle i.e
You will be able to hold (hodl) this asset with confidence and ride it to its ultimate price. I am positive we would see a 1 million dollar Bitcoin in the next 10 years. Your ability to accumulate when the herd is jumping for the exit and begin to take profit when the masses rush (FOMOing) in is what will set you up for a mega wealth transfer in this space.
Halving, Boom, Burst…………. Repeat
This cycle has already occurred twice. We are currently in the third one. Bitcoin’s next halving is in May 2020. These are exciting times. There as never been a more exciting time to be alive than now. These 2019 lows are the best time to begin investing in Bitcoin in order to achieve maximum profit. Investing now goes against the grain of thinking of the average person. But that is exactly the reason why the average Joe does not make spectacular profits in the financial markets. They go for the exit door when price capitulates and are in the lows. Then they rush in when price accelerates up. If your goal is to make spectacular wealth from the cryptocurrency markets then you must take up CONTRARIAN THINKING. The time to take positions in this asset is during the burst stage of the cycle. In this present cycle that will be now! Price will most likely consolidate in a range most of this year as smart investors accumulate Bitcoin and other cryptocurrencies. The next halving event is billed for May of 2020 setting the stage for the massive bull market in 2021. Is it possible to amass wealth as a Bitcoin/cryptocurrency investor? The answer is a big YES! How is it possible? By being a CONTRARIAN investor the time to accumulate Bitcoin/cryptocurrency is now.
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