BTC - If you think January has been good for Bitcoin, wait until February!

jrcornel in #bitcoin • 6 years ago

February has been positive for Bitcoin every time since 2014

If you think January has been good for bitcoin prices, just wait until February.

Going back to 2014, bitcoin has been higher in February than it was in January, every single time.

Check it out:

(Source:

1221777838132678661) twitter metadata:YWxlc3Npb3Jhc3Rhbml8fGh0dHBzOi8vdHdpdHRlci5jb20vYWxlc3Npb3Jhc3Rhbmkvc3RhdHVzLzEyMjE3Nzc4MzgxMzI2Nzg2NjEpfA== ~~~

That makes for 6 straight times for those keeping track...

Some specifics....

Keep in mind that this stat doesn't mean bitcoin will be higher than its peak in January.

All it means is that for 6 years in a row now, bitcoin has ended the month of February higher than it started it.

Higher than bitcoin closed the month of January.

Might not mean much, but it is interesting to note that for the first half of the year, February is the only month that this statistic holds true on.

May and June are a close second though, both closing the month higher than it starts the month 83% of the time.

Ideally, bitcoin would end January on a high note and then end February on an even higher note, but that is of course the best case scenario.

Don't forget about the halving...

While this stat has held true every time for the past 6 years in a row, it has only had one other halving event during that time period.

This next halving is set to take place in May of this year, which very likely will impact bitcoin prices.

Historically, bitcoin has seen quite a bit of volatility in the months just prior to the halving, which is where we are right now.

Here's to hoping for a strong close to January and then for our February stat to keep playing out!

Stay informed my friends.

-Doc

#palnet #steemleo #neoxian #marlians #dblog #bilpcoin #zzan

6 years ago in #bitcoin by jrcornel

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cezary-io 6 years ago

It really looks positive and I really, really believe in magic of halving.
Till now I was 100% LTC, because of bitcoin halving I am 50% BTC, but still-20% of my investment value.

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jrcornel 6 years ago

If there isn't a hugely positive move within 12 months of the halving, it would be the first time ever.

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2 votes

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thatkidsblack 6 years ago

We're looking ahead, no matter what. Hope to see SBD finds its way in my wallet too.

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jrcornel 6 years ago

You can buy em for less than a dollar on a few exchanges still.

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1 vote

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haikubot 6 years ago

You can buy em for
Less than a dollar on a
Few exchanges still.

^{- jrcornel}

^{^{I'm a bot. I detect haiku.}}

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1 vote

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christinb 6 years ago (edited)

Yes,i am hoping for a strong close to January and our February will be nice and smooth

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cryptopie 6 years ago

This makes a smile on my Poker face. I hope that BTC would really perform better with its price action @jrcornel

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jrcornel 6 years ago

If history repeats, we are just beginning a hugely bullish phase.

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1 vote

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daltono 6 years ago

Here is to waitinf for a good finish to this month and an even better one in February.

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jrcornel 6 years ago

Si.

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1 vote

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gandhibaba 6 years ago

Let's hope this February will not be an exception. Thanks for pointing this out

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jrcornel 6 years ago

Yep agreed. Technically if it just ends February 1% higher than it closed January, the pattern would still be intact.

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1 vote

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gandhibaba 6 years ago

There's no doubt about that. Even a fraction of growth or increase validates the pattern.

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zacknorman97 6 years ago

Considering how strong Bitcoin has been since the start of 2020, I think it's very likely that we'll see a similar pattern emerging. I dare say we might even see a $10,000 Bitcoin by February, fingers crossed. All Bitcoin has to do now, is close strong above the $9,000 mark.

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jrcornel 6 years ago

That $10k barrier seems like it may be a tough one to crack. Bitcoin seems to be losing its momentum on the recent rally already.

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2 votes

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zacknorman97 6 years ago (edited)

Yeah, getting it back to the 5-digit mark will be a tough one. Though at the time of writing, Bitcoin just moved past the $9,400 barrier. It'll need to hold firmly above $9,200, and if that happens, the gates to $10,000 remain open, although I do expect some healthy pullback at some point now :-)

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edicted 6 years ago

February starts out with a bang with Craig Wright coming up short once again for his Feb. 3rd deadline. What excuse will he come up with next? The world waits in anticipation.

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jrcornel 6 years ago

His dog ate the private keys the secret courier was supposed to be delivering.

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2 votes

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flaws 6 years ago

I hope that the market can look greener from this month, I remember that in January 2017 I had a capital of about $800, but I never spent that money thinking that the market would continue to rise. A year later that capital became about $384 if I remember correctly, the worst thing is that I had to withdraw all that money because the situation in Venezuela has gotten too bad and well, since I started at Steem I started from 0, I can't wait to see the STEEM over $1 again.

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tts (1) 6 years ago

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