# Bitcoin mostly goes up

That might not seem like a very accurate statement considering how the past couple years have felt, but when you zoom out, it's spot on.

Looking back at the past decade, bitcoin has been positive every single year expect two.

Let that sink in a bit...

Meaning, that had you bought bitcoin on the first day in any of the past 10 years, you had an 80% chance of seeing gains.

And, in most cases, substantial gains at that:

- 2010: +9,900%
- 2011: +1,473%
- 2012: +186% 
- 2013: +5,507%
- 2014: -58%
- 2015: +35%
- 2016: +125%
- 2017: +1,331%
- 2018: -73%
- 2019: +101%

Bitcoin's been on fire!

The chart below makes it even easier to see the kind of performance bitcoin has enjoyed over the past decade:

https://i.postimg.cc/nLHfDYWt/EM-Wa-Kx-Ws-AAfdc7.png

(Source: https://twitter.com/charliebilello/status/1211422572409163776)

# Any patterns to be taken from this?

Nothing definitive, but there is perhaps one...

If we look at the two down years, we can see that after the first it was followed by a small up-year, which was followed by an even bigger up-year, ultimately culminating in the massive gain year.

If that same pattern repeats again now after the second down year, we already saw a nice up year in 2019, which would then be followed by a solid gain this year in 2020, which would ultimately be followed by a massive gain in 2021.

Nothing definitive, but this pattern is likely based off the halving events, which makes it more than just random price action.

The overall take away?

Buy bitcoin on a down year and hold it for the next 3 years.

Stay informed my friends.

-Doc