Despite the 6 months price slump, you have got to look at the big picture

in #cryptocurrency6 years ago

image.jpeg

Despite the 6 months price slump, you have got to look at the big picture. A 5 year review of BTC closing prices (in USD) on this day in the last 5 years:

July 25 2018: $8,200

July 25 2017: $2,754

July 25 2016: $661

July 25 2015: $288

July 25 2014: $601

July 25 2013: $94

Yes Bitcoin and crypto has huge volatility, but if you step out of that one day observation period, it is not difficult to see the tranjectory is upward, and has been for the past decade.

More important, it shall most likely continue to project up in the next decade.