All cryptos drop in value during the thanksgiving and holiday seasons, as people cashout some of their holding for holiday gifts, etc. Then it begins to climb after the new year.
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All cryptos drop in value during the thanksgiving and holiday seasons, as people cashout some of their holding for holiday gifts, etc. Then it begins to climb after the new year.
(Source: https://medium.com/@marketahead.com/bitcoin-price-stats-from-2011-2018-btc-data-analysis-cfe5094c8d9a)
It's not quite that simple...
These are the returns from 2011-2018, though these are average returns and are skewed by outsized returns in any given year.