Bitcoin (BTC) took off with its mainstream appeal since around mid-2017. Since that time, the market price of BTC has seen ups and downs, with at least a dozen dramatic days of appreciation or crashes.
Altcoins at Risk of Being Wiped Out in Value
Looking back, betting on BTC prices brought an upward daily move in about 64% of instances in the past two years. However, the exact size of the gains remained unpredictable. Recent analysis shows how days in the green and in the red were distributed in the past two years.
Bitcoin showed marked periods when earnings were virtually guaranteed. Then, there were bear markets that erased almost all previous gains. Now, BTC has entered a mixed stage, where there is no clear trend.
For Bitcoin, “buying the dip” has been a tool to make use of temporary lows, though the strategy did not always…
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