An Ode And Forthcoming Obituary To Bitcoin’s Four-Year Cycle
A reflection on Bitcoin’s four-year market cycle—and how a healthy block space market will eventually kill it for its own good.Dilution-proof, April 28, 2021On January 3, 2009, Satoshi Nakamoto launched the Bitcoin network by mining the first block (the “genesis block”) in the Bitcoin blockchain. Today, a bit more than 12 years later, the network stores over $1 trillion in value and transfers more than $20 billion in on-chain volume on a daily basis. To get there, bitcoin went through multiple boom and bust cycles in which it was praised to the moon and declared dead many times over—every....
Related News
According to the mainstream press, Bitcoin has died... Many, many times. That's why Jordan Tuwiner started Bitcoin Obituaries - to compile the many obituaries which have been written about the nascent cryptocurrency Bitcoin. He had noticed a preponderance of articles claiming Bitcoin would soon be gone. "I wanted to collect the articles and make a monument showing Bitcoin's resilience. I knew the site would be funny, but also shows Bitcoin's strength over time," Tuwiner told Cryptocoins News. Tuwiner's favorite obituary is called "So, That's the End of Bitcoin Then". The obituary states:....
A crypto analyst is raising questions over whether the famous four-year cycle theory that has governed Bitcoin’s (BTC) market trajectory in the past is now dead. The expert has shared BTC’s price movements and investor trends to prove that the cycle theory is still very much alive and playing out in the current market cycle. […]
Bitcoin’s renewed upward trend has put the flagship asset in the limelight as it moves toward its current all-time high of $110,000, achieved in January this year. While BTC is about 5% away from its peak, speculations are whether this newfound strength could lead to a cycle top. However, cycle-top indicators appear to be shifting […]
Crypto analyst Ardi has alluded to Bitcoin’s last cycle to provide insights into when the leading crypto could end its downtrend this time around. This comes as BTC continues to show strength amid the rising tensions between the U.S. and Iran. Analyst Points To Bitcoin’s Last Cycle Bottom For When This Downtrend Could End In […]
The “Bitcoin cycle theory is dead” is one narrative that has gained increased traction as the year has gone on, especially with the premier cryptocurrency setting multiple all-time highs since April. This hypothesis is based on the shift in the market dynamics and the entry of a new group of investors. Since the launch of […]