The changes over the years have positively or negatively affected many people’s lives. One of the main examples of this is American Laszlo Hanyecz, who exchanged 2 pizzas for 10,000 Bitcoins. He mentioned that he used such an exchange because this amount was not worth money at the time. The current equivalent of this amount is almost 350 Million dollars.

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Is Bitcoin An Opportunity?

The answer to this is largely hidden in its rise and fall over the years. However, Bitcoin’s price movement since its introduction was generally upward. New investors can record losses or profits from changes within the year. Bitcoin sometimes can face long-term declines even while it does not always rise.

In crypto, there are 2 terms that refer to these long-term rises and long-term declines, the “Bull” and “Bear” Seasons.

What is Bear Season?

Bear market refers to seasons where supply is higher than demand, confidence and prices have fallen, new investors are hesitant to come, and pessimistic investors who think this market will continue like this.

What is Bull Season?

It refers to times when it is the complete opposite of the bear market, the demand and market confidence are high, new investors come, there are more positive news in the market, and the fear index is low.

Past Bear and Bull Seasons

2011: After reaching a record high of $31.91 in June, Bitcoin fell to $2.01 in November. This meant a 93.7% decrease in the value of Bitcoin.

2013-2015: After setting a record high of $1,151.30 in December 2013, Bitcoin fell to $152.40 in January 2015. This meant an 86.8% decrease in the value of Bitcoin.

2017-2019: Bitcoin hit a record high of $19,783.06 in December 2017, and a year later, in December 2018, fell to $3,122.35. This meant an 84.2% decrease in the value of Bitcoin.

And the extreme point of our period is the Bull of 2021. At that time, Bitcoin had risen to $70K and then fell to $15K a year later.

How To Buy?

You can buy Bitcoin from the Binance exchange with a commission discount. If you are not a member of the Binance exchange yet, you can register for free by clicking here.

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