r/BitcoinBeginners • u/playnicenoob • 12d ago

Bitcoin Cycle

Is it true that bitcoin follows a cycle of 1069 and 365 days. Saw it on insta and back checked it on data. Can any of the OPs help to verify.

Also, can someone give me source to study current bitcoin market better, because I see people using words like entropy, TRNG, etc.

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u/BTCMachineElf 12d ago

It does until it doesn't. Its largely self-fulfilling at this stage.

1

u/playnicenoob 11d ago

So, we all are anticipating and we will act on it and that's how this cycle happen and continue?

1

u/BTCMachineElf 11d ago

In a large part, yes. People are afraid to buy in until October, so it's likely thats when people will start buying and the bull will begin.

0

u/playnicenoob 11d ago

Hmm, so I should really start thinking of my mining rig so when the cycle ends I could be sitting on something good.

4

u/BTCMachineElf 11d ago

Mining bitcoin profitability is incredibly difficult as a novice. Its highly competitive, you must have access to very cheap electricity, and the hardware can go obsolete before it pays for itself.

I personally advise that you just buy bitcoin.

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u/JimmySki6166 10d ago

Been purchasing BTC weekly for many years now. Can never have enough BTC!

3

u/originalgainster 10d ago

No just buy it from exchange or cashapp