If you think that the bitcoin price will follow a similar trajectory as before—for whatever reason—then history suggests patience is needed: It took bitcoin two years from its trough in early 2015 to return to its previous peak above $1,000. Bitcoin’s most recent trough was in mid-December 2018, so investors who bought at the top, when bitcoin hit $20,000, may have to wait until Christmas 2020 to recoup their losses. Are you willing to take that bet?

A version of this originally appeared as part of Private Key, a twice-weekly feature about crypto, blockchain, and decentralized economies for Quartz members., which includes a seven-day free trial. Avast oshibka zaversheniya processa ustanovki.

Rukovodstvo poljzovatelya yokogawa aq7275. Previous - Translation to Spanish, pronunciation, and forum discussions.