Bitcoin 2019 Vs 2018: Spot The Difference

The price of Bitcoin in 2019 (BTC) is setting a beautiful series of higher lows. Rationally, this is great. Emotionally, though, people do not “feel” this because they are focused on the declines, not the rallies.

This is because of perception and emotions when investing. Everyone is so used to bad press, declining prices, depressed mood, that the focus tends to shift to the bearish moments. Well we have news, our 5 bullish cryptocurrency predictions are as valid as ever before, and we get every day again more confirmation that the crypto winter has ended. That’s how markets work and how investors’ minds work.

Investors’ psychology and emotions are some of the toughest things to get right. We said in our investing tips for long term investors that emotions are the number one enemy of every individual investor. Emotions, perception, psychology … it’s all part of the same source of failure:

 In order to be a successful investor, you get in low. That is when ‘nobody’ talks about it. No emotions, no greed, no fear of missing out. As prices rise your profits become interesting enough to take profits off the table, and you feel good about it. If you recognize this ‘chain of emotions’ you know you are doing something fundamentally right as an investor.

The news has a bearish tone. Easy to check Bitcoin news here, and this Coindesk article is certainly a great illustration Bitcoin Price May Rise in March Despite Month’s Bearish Track Record.

That said, more importantly, arguably the only important thing, is the long term Bitcoin chart is helps identify trend changes. Tracking cryptocurrency with this crypto tracker helps understand relative strength.

Bitcoin 2019 chart: Spot the difference with 2018

Well we have news for you: there is a trend change visible on the long term chart. Why are most investors not able to spot it? For reasons outlined above, but also because you need the correct chart to spot it.

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