Bitcoin Prices Are Back Up

Bitcoin Prices Are Back Up

As of April 1, each unit of Bitcoin was selling for $6,816, roughly one-third of the value that Bitcoin hit at its peak (near $20,000) last December. At the end of April, though, Bitcoin was worth roughly $9,300. That’s an increase of 36% during the month. In other words, if you bought $1,000 worth of Bitcoin at the start of April, you’d be $360 richer right now. (All of the Bitcoin values in this story come from the cryptocurrency info site Coindesk.)"Bitcoin Prices Are Back Up"

When is the best time to buy Bitcoin in general? Well, it’s impossible to predict the future performance of any investment, and cryptocurrencies are especially volatile and unpredictable. So figuring out exactly when to buy and sell Bitcoin is essentially a guessing game.

Still, it’s interesting to look back at the extraordinary fluctuations in Bitcoin prices over the last half-year, when it’s been up nearly 50% over the course of one month, down close to 40% in another.

What was the best recent month for buying Bitcoin? We were curious about which period would have been best (and worst) for a theoretical short-term investor who scooped up some Bitcoin at the beginning of the month and unloaded it by month’s end. Here are the numbers 'Bitcoin Prices Are Back Up'

November 1: $6,750

November 30: $9,916

Increase: 47%

December 1: $10,859

December 31: $13,860

Increase: 28%

January 1: $13,412

January 31: $10,166

Decrease: 32%

February 1: $9,052

February 28: $10,309

Increase: 14%

March 1: $10,907

March 31: $6,926

Decrease: 36%

April 1: $6,816

April 30: ~$9,300

Increase: 36%

As you can see, November 2017 was the best time in the last six months for a theoretical investor to buy and sell Bitcoin over one month’s time. If you’d invested $10,000 in Bitcoin at the beginning of last November, you would have been up $4,700 by the end of the month.

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