Must I study the history of bitcoin to succeed in crypto?

[Fidelia]

People say that to succeed in the crypto market, one has to study the history of bitcoin to know it's booms, crashes, and the reasons for those events. They say that information would really position one to succeed in the crypto market.

How true is that?

 

[magnus2022]

It is true to some extent. History they say repeat itself. Trading cryptocurrency involves a lot of techniques and strategies. You can use anyone that is working for you but that doesn't mean you must learn history of bitcoin to be successful.

 

[Nomad]

The price history can certainly teach you about the trends and help you perform better as an investor and trader.

 

[eLdavis]

Like they say knowledge is power, having a little understanding of the history of Bitcoin can help you make certain decisions that would make a difference now.

 

[Min George]

It is good to know some patterns that Bitcoin has followed through some years. That would help to manage what to expect.

 

[SilverLance]

Exploring bitcoin's history and its ups and downs can really help you grasp market trends and what might happen next.

 

[Suba]

Learning the history of Bitcoin will be very long and continues to change so it is no different from you learning the fundamentals of Bitcoin, the more you master it the easier it will be to make decisions, but unfortunately Bitcoin is controlled by the market and whales.

 

[King Belieal]

Most of the patterns in bitcoin has been the same over the years if it's existence. Studying the history can really help with such patterns.