We had halving on July 9th, 2016, the price was 650$ but the magic hit in winter and from winter, price went up to the highest one in bitcoin's history. Btw there were still many factors in 2016 that stopped the speed of price rise that includes scam of hashocean and other things that happened.

Your statistics shows that bitcoin only grows and that's not a correct indicator to only look at price stamp of certain months because there was a lot of changes in prices, that includes prices lower than those indicators and higher ones. We had $6579 in 2018 this time but at the same time we don't have to forget that 2017 year played a huge role in it, the rise up to 20K USD. But we had moments like price between 3-4K USD. Also, more than 1 year ago bitcoin hit 14K USD again but still didn't reach to that amount again.

I don't like only looking at numbers because there is history behind every number and there were certain moments that caused those numbers. What about to write price stamps of bitcoin for each month of certain years? Will it look as beautiful and hopeful as October?

It could be some sort of hodl law.

I remember getting here in 2015 (when we were at $150/coin and not knowing where we were going.

At that time I certainly wouldn't have expected it to reach $20k... That'd have been $1.5k to $200k in a rapid amount of time... Who knows, maybe it cna happen again...

Trying to show someone this increase in price with calculating of profit will certainly blast out the front head of newcomers. Here is the fulcrum support, it's never too late to hodl some amount btc as the price statistics shows exactly how how the price will go in the future.
I just remembered the October memorable part every year that shows sluggish move of bitcoin price, the current price of $10822 had been stagnant for almost three months now, probably this month of October will definitely cause the spike in price.

price history seem to indicate its going to keep climbing. if you are not a holder, the best thing to do is just keep looking for opportunities and forsee when its going to drop because almost every time, BTC drops giving everyone a chance.

just like today when Bitmex founder Hayes got arrested and seem like they are going to encounter hard times. the price dips and although its not that deep, its still a good chance. it may actually go below it soon. well hopefully

I don't see some valid sources above. Why don't you enclose them to ensure people that it is the right information and not mislead them? I think it is important as you are talking about historical prices, which means the data of Bitcoin price so far.

I don't think Moore's law really can be applied to the Bitcoin price? Even you can show us it fits with Moore's law so far, who guarantees the future price? We don't really know what will happen in the next few years. Sometimes what has happened in past may not happen in the same scheme in the future. Please remember that the Bitcoin price is very volatile and unpredictable as well. I don't think it can follow a certain approach like Moore's law. IMO

The $10k region is acting pretty solid as a support, and at the same time the $11.2k is a tough resistance to beat. The next movement will probably decide whether we go down to $9k again or push all the way up to $12k. A lot of channels are getting positive about the future though.

Btw, maybe try to compare every month instead of October only, it would be a good idea to see whether there is a false narrative of "a price growth every year" or not.

I've read and searched it and is that Moore's law has something to increase every two years? If that is so then this isn't the year for it but 2021 which is being expected by many other holders to see that the pump shall come.

Bull run comes occasionally. It won't be balance anymore if there's a bull run for each year and it has go through bearish sequence but we can count on bitcoin as a volatile asset, it comes unexpectedly.

if you ignore the over-priced (bubbles) and under-priced (reverse bubbles) states of the market during the past 11 years and look at the charts again you can clearly see that the price has always been going up. for example $20k was not a natural price. it was way above bitcoin's intrinsic value. similarly the $3k price in 2018 was also unnatural but this time way below the bitcoin's intrinsic value. these are unstable states that market enters from time to time thanks to overly excited day traders that also won't last. they don't represent real value of bitcoin.

it all comes down to two very simple things: utility and adoption.
bitcoin has been offering a very unique payment system that has nothing similar to it. the decentralized global currency is new and has not yet been adopted properly.

these two means bitcoin has a ton of potential that is going to slowly show itself mostly in form of its price going up over the long term. that is why most people invest in bitcoin instead of busying themselves with short term price changes.

when you add the  fact that bitcoin has a limited supply, you can see that this kind of price rise over time is not surprising at all.

While people love to talk about bitcoin highs, it is also amazing to look at bitcoin lows

Take a look at the minimum value per year in bitcoin



We are in a strong uptrend