#比特币市场波动观
Cyclical Bull and Bear Alternation: The volatility of Bitcoin prices is highly correlated with the halving mechanism, with a noticeable bull and bear alternation every four years. For example, after the first halving in 2012, the price of Bitcoin rose from $10 to $1,100 in 2013; after the second halving in 2016, the price rose from $400 to $20,000 in 2017; after the third halving in 2020, the price increased from around $6,000 to nearly $69,000 in 2021. However, after each bull market, Bitcoin has experienced significant corrections, as seen in 2014, 2018, and 2022, when Bitcoin fell more than 80% from its historical highs.
Long-term Perspective: For investors optimistic about Bitcoin's long-term prospects, it is advisable to buy and hold at the cycle's bottom, gradually building positions during market panic and price undervaluation, and patiently await the arrival of the next bull market, with the potential for substantial returns. However, investing in Bitcoin carries high risks, as price fluctuations can be significant, and investors need to make cautious decisions based on their own risk tolerance and investment goals.
