2019 was only for a handful of digital Assets really positive – including, of course, Bitcoin. Although BTC is reached at the end of 85%, it was the worst positive year since records began. This could be a sign that things are slowing down now.
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Bitcoin cuts off in 2019, below-average
It may sound strange: An asset that creates in a year 85%, closes below the average. But that’s exactly what happened with Bitcoin in the year 2019.
At the beginning of January 2019, listed on BTC near market lows at around $3.750. The end of the year he was just over $7,000, and an increase of about 85%. As impressive as this sounds, it was the worst positive year in Bitcoins history.
Crypto-Analyst “Rptr45” has shown the historical prices of BTC in a table and found that the Performance was of 2019 is only slightly worse than that of 2015.
“$BTC closed the year with +85,4%, which is actually the ‘worst’ positive year in history (slightly on the border of the +88.1% from 2015).”
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The previous best year, 2013 was a monumental Plus of 3.448%, followed by 2011 and 2017, with four-digit sales growth.
The worst years of losses in 2014 and 2018, during the severe bear market. 2019 is the third-worst year in the short life cycle of the Bitcoins.
The study also looks at the total and daily transaction volume. This shows: in 2019, fell below the level of 2017 (768 $ billion) and 2018 (2.1 billion$).
The Inflation rate for the last year shows that to 5.02 billion $ have been mined BTC block rewards, compared with 5.25 billion $ in 2018 and $ 2.8 billion in 2017. In this and the on the may halving the following year it is expected to give some relief.
The correlation between the Bitcoin price and the number of transactions has decreased in 2019. However, the theoretical cost base was compared to the price graphically seen in General for the year on an upward trend, what is the according to analysts, is typically a good sign for Support, and a subsequent price increase.
January is always painful
A look at the January Performance has not signed is not a pretty picture – in the last five years.
“It was January in the last 5 years, the worst month for $BTC, with an average Performance of 14.8%. A movement of -11.2% in January belonged to 2016 – six months before the last halving.“
The Analyst added that in 2015 and 2019 years with a Win before the last halving, but there will be in 2020 may be no new peak, because that is more likely to occur in the year 2021. At least, this was not always the case.
Not every Analyst agrees, however, since the predictions are for this year.
Bitcoin rides on his digital eight-track, but long-term gains seem to be virtually guaranteed, unless someone turns off the Internet!