{"id":2870,"date":"2020-01-17T12:02:36","date_gmt":"2020-01-17T12:02:36","guid":{"rendered":"https:\/\/paybis.com\/blog\/?page_id=2870"},"modified":"2023-07-21T10:30:34","modified_gmt":"2023-07-21T10:30:34","slug":"how-often-does-bitcoin-value-change","status":"publish","type":"post","link":"https:\/\/paybis.com\/blog\/how-often-does-bitcoin-value-change\/","title":{"rendered":"How Often Does Bitcoin Value Change Throughout Time?"},"content":{"rendered":"

This section will answer the question of how often does Bitcoin value change and what are the reasons behind its volatility.\u00a0<\/span><\/p>\n

How often does Bitcoin value change?<\/span><\/h2>\n

While there\u2019s no definitive answer to this question, we can still figure out some patterns in how Bitcoin\u2019s value changes over time.\u00a0\u00a0<\/span><\/p>\n

In the last decade, Bitcoin experienced a <\/span>bull market<\/span><\/a> every two years on average. During these short periods, Bitcoin\u2019s price has been observed to rise significantly. The biggest bull run was in 2017 with over 1500% gain in about 4 months.\u00a0\u00a0<\/span><\/p>\n

Unfortunately, these enthusiastic time frames are usually followed by longer periods of bear markets, where the price steadily decreases over time.\u00a0<\/span><\/p>\n

Meanwhile, in these <\/span>bear markets<\/span><\/a>, temporary price increases or \u201clocal highs\u201d can occur, which are great for making profits on short and mid-term trades.\u00a0<\/span><\/p>\n

All in all, when looking at the big picture, Bitcoin\u2019s value has been steadily increasing since it hit the market, with a few spikes and drops in between.\u00a0<\/span><\/p>\n

What factors contribute to Bitcoin\u2019s volatility?<\/span><\/h2>\n

Although price movements are unpredictable, there are several factors that influence how Bitcoin\u2019s value changes:<\/span><\/p>\n