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Bitcoin Would've Been As Profitable To Trade As STEEM Between 2015 and 2017

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@markkujantunen
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This Bitcoin's bear market bottom at $172.15 on Jan 14 2015 after the November 30 2013 bull market top at $1,127.45:

Below is the top of the December 2017 bull market top at $19,665.39:

Bitcoin went up by a factor of about 114.

STEEM, a much smaller cap coin went up from an all-time low of $0.07 on March 10 2017 to an all-time high of $8.19 on January 3 2018 by a factor of about 117.

Most altcoins don't have sufficiently long histories to make valid comparisons. Some have. Let's look at Litecoin. It went from a bear market bottom (which was also an all-time low) at $1.15 on Jan 14 2015 to a whopping bull market top of $360.66 on Dec 18 2017 by a factor of about 313.

Bitshares? Same tech as STEEM but an older coin that wasn't created as late into the post-2013 cycle as STEEM. BTS bottomed out at $0.00271635 on Jan 8 2016. It topped out at $0.923921 on Jan 3 2018. It went up by a factor of 340. See for yourself:

These numbers surprised me. I didn't remember Bitcoin had gone so low in 2015. STEEM rallied much faster than Bitcoin but it's climb from its all-time low was the same proportionally speaking than Bitcoin's. Steem was released only on March 2016 and there was a short-term pump in the summer of 2016. It probably just didn't have enough time to correct as severely as some of the older alts did during the post-2013 top bear market.

Conclusion

What's the point of this exercise in looking at the numbers? Mostly just to remind myself and me readers of what the bottoms and tops were exactly and help us get a clearer picture of past price action to help us decide what to buy and when to maximize profits going into the bull market top next year.

It seems that Litecoin moves in tandem with Bitcoin with higher peaks and lower troughs. Not much can be said based on STEEM's price action. It was created late into the cycle and perhaps did not have enough time to find an even lower all-time low before being swept up by the rising tide.

The key is to buy low. One should not rush to buy altcoins in a bear market and they should be dumped mercilessly at the top. Bitcoin tends to bottom out first. It is quite volatile, too. And if the stock-to-flow models are correct, it should top out between $100k and $400k roughly a year from now, give or take a couple of months. As it bottomed out on December 16 2018 at $3200, the factor by it should go up is still very large considering it is probably the safest investment in the whole crypto space in terms of regulatory certainty and adoption.

Posted Using LeoFinance Beta