Crypto venture funds? Know These Bitcoin Market Cycles Before You Invest Into Crypto!

Hey guys! So it's very likely that you've heard of Bitcoin and cryptocurrencies in December of 2018.

At that time, the price of Bitcoin exploded from a few thousand dollars to $20,000 per Bitcoin.

This caused a frenzy and eventually led to a massive sell off that became the biggest bubble in financial history.

After the Bitcoin Bubble popped, many were left with distaste in their mouths and vowed to never get into crypto again.

They called it a scam and a ponzi scheme.

What they fail to realize is that the crash that happened in 2018 with crypto actually happened 3 times before.

From June to November 2011, Bitcoin's price crashed -93%! It went from $29 to $2! The largest catalyst for this crash was the hacking of Mt.Gox, by far the biggest Bitcoin exchange at the time.

In August 2012, Bitcoin crashed -56.7%! It lost more than half of its value in just 3 days after Bitcoin Savings & Trust, a ponzi scheme that promised substantial weekly payouts to its investors, halted its promised payouts.

In April 2013 Bitcoin dropped 73.3%.

And in December 2013 – January 2015 Bitcoin crashed 84.6%. In October - December 2013 Bitcoin went up over 10,000% to $1050. It then slid all the way down to a bottom of $177 in January 2015.

And finally, in 2018, Bitcoin went from $20,000 down to $3200.

The key takeaway here is that markets, whether it's the crypto market, the stock market, or any other market, moves in cycles. If you want to get truly wealthy with trading and investing, you MUST understand market cycles and where we are. You look for undervalued assets and invest into them when they are extremely oversold. That is the point of greatest opportunity.


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DISCLAIMER: Nothing in this video nor any video, text, or any media by Louis Raskin and/or Cryptolete or affiliates is advice in any form. Louis is not a financial advisor and does not give out financial, investment, trading, personal, or legal advice. Everything stated in this video and every video, text, picture, or post on any platform are strictly his opinion and meant for entertainment purposes only. What you do with your money is your decision and no one else is responsible for any decisions you make.

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