Among the qualities of bitcoin, is the growth of its value with respect to coins held in trust throughout its history. Although the volatility has been a factor highlighted by the detractors of the criptomoneda, an analysis of his behavior from 2010 yields an important fact: the minimum value of a BTC per year has increased steadily.In data of Buy Bitcoin Worldwide, you can see that each year this minimum value of BTC relative to the u.s. dollar has been growing, with one exception. Between 2014 and 2015, the minimum price of the criptomoneda a pioneer of the ecosystem fell from USD 319,64 to USD 177,28. Of rest, each year there has been an increase with respect to the preceding 365 days.For example, the lowest value recorded in 2010, the year following the creation of bitcoin was $ 0,06. For the next year, the lowest price was almost 5 times greater, to never be below USD 0,29.In 2012, the growth was greater still. Throughout this year, the lower price of bitcoin on the market was of USD is 4.22, which represented an increase of 1,355% over the previous year.For 2013, the minimum levels had an increase of over 200%, getting to $ 13,30. In 2014 we gave the largest increase of this kind in the history of the criptomoneda. In total, the lower price of BTC throughout the year was 2.303,31% higher than that registered in 2013. During your worst time of the year, the value of bitcoin was USD 319,64.The 2015 was the only letdown of the annual minimum price of BTC. Since then, the following years resumed the pace of gains. In 2016, the lowest price was USD 358,77, then bitcoin had its worst time in 2017 in USD 775,98 and last year the lowest price was USD 3.214,39.So far this year, after finishing the first 8 months of this 2019, the upward trend has been maintained. The lowest price so far has been USD to 3385,97, according to Buy Bitcoin Worldwide. That is to say, 5,34% above the previous record.Even with the current value of the criptomoneda, more than us $ 10.220 at the time of drafting this note, bitcoin is far from its historical maximum. At the end of 2017, the price of bitcoin was close to $ 20,000, as you can verify through CoinMarketCap.
Volatility in the bitcoin market cryptocurrencies
The volatility is a feature of the market of cryptocurrencies. However, for analysts of Messari, bitcoin and other cryptocurrencies with high market capitalization are less susceptible to such swings in price, compared with cryptocurrencies lower capitalization.According to an investigation published several weeks ago by the firm, cryptocurrencies with greater market capitalization have an annual volatility around 90%, according to data of the Messari. This percentage will grow as the caps are lower, according to the researchers of the Messari.In terms of the volatility of bitcoin in the last few weeks, there has been a significant drop. According to figures from Blockforce Capital and Digital Asset Data, the volatility of 30 days of the criptomoneda fell by more than 50% between July and August of this year, from 131% in the 19 July to 64% in the 25 of August.Continue reading