Bitcoin Forum

let me remind you of this, that this is not the first time bitcoin has crashed very significantly and its not the worst of all crash. (correct me if i'm wrong) Based on bitcoin history, crashes occur on:

2011 jun- Nov: -97%---> From $ 32 to $ 2
2012 jan - Aug: -36%---> From from $ 7 to $ 4
2013 Mar 6 -11: -25%---> From $ 49 to $ 36
2013 Apr 10: -79%---> From $ 266 to $ 54
2014 Feb 24: -49%---> From $ 867 to $ 439
2017 jun 11-16: -36%---> From $ 3,000 to $ 1.869
2017 Sept 2-15: -40%---> From $ 5,000 to $ 2,972
2018 Jan 17: -48%---> From $ 19,783 to $ 9,496

If viewed from history, crashes often happen every year since 2011 and proved that this year is not the worst year of the year - the year before. What do you think, whether this crash will continue or not?

seems all the time in the beginning of the new year it is happening
so without dump this there won't be a pump
so hold on, we are gonna make it.

:) It's all a part of the price discovery cycle, as the price still seems to be pretty much based off news/speculation still. We're still ending way higher then where we started every time we crashed.

Speaking out over the " graphic " you showing us, there is still a way of earning for these who look on it, by buying today.

I think that it will continue for a while then rebound around March. Not as significantly as it was, but still settle a bit and slowly rise. The more people that get involved the stronger it will ultimately become. The only thing then to do is to help stop fud and misinformation.

My basic rule for bitcoin dump is! no matter what happened to the prices, just hold tight to my bitcoins and never even think of selling them. And they always gives me nice price boost after every dump. ;D

It isnt crash. It is correction.
If it is crash, it will not go back to a higher value.

Thanks for the historical perspective. Too many people get caught up in the nominal dollar amount of the recent correction without realizing it's really quite small on a percentage basis.

I would have wanted to see all that market cap to go into alts, but seems to be going into fiat.

Heads up https://thenewresearchgroup.com/market-updates-rumors/2018/1/30/dont-be-stupid-be-like-the-winklevoss-twins-nx7dk

As you said the price of bitcoin is always in the down trend at the beginning of every year.So it is the golden opportunity for bitcoin buyers to make more lrofits buy more coins as you can and wait for the bump which will happen at the back end of this year.

If this is not the worst crash, maybe the worst crash will come or maybe the crashed will end at -48% and I hope this will end in early february this year. Thank you for your information and this will help others for the future investor that this is not the baddest crash that we've encounter.

Yes it happen every year for the bitcoin price. Thanks for the good information you provide. But theres no need to panic if still the value will go down as long as at the end of the year will be an increase. It will bounce back by june to december so hurry up and buy more bitcoin while still on dump

I think it's a normal crash. Nobody knows how much bitcoin will change tomorrow.
We don't have to panic

For the time being, Bitcoin is comparable to the Internet bubble, arguably one of the most extreme and largest bubbles. Some people think that the risk of cryptocurrency market growing, investors should be wary of the price callback risk.

The way Bitcoin fluctuates you can  always expect it to crash sometime

There are not really any bad news that are driving this, my conspiracy theory is that there will be a breakout soon and whales are pushing the price down now, to scare the speculators and the newbie traders. They need to buy more cheap coins and the only way to get people to sell their coins, is for them to artificially create a fake "dump".  ^hmmmmm^

Once the price reach a very low point, they will quickly buy up these cheap coins and more newbies and speculators will be pushed out of the market.

That's what's being spread over the internet, the whale conspirancy, but how you explain the fact BTC went to 19k on Dec 2017 ?

Some ideas of Bitcoin will increase. Bitcoin works through the trading process. One of his proofs is this. Prices will decrease as it is a normal matter. In the last few years, there are some variations of Bitcoin prices.

Thank you for this, It only shows that the decrease of the price that we are seeing now and the past few weeks has been a trend every year and it's all part of it. After this dip the price of Bitcoin, goes up again. So don't worry and do not panic. Just hold on to your coins and I am pretty sure it will recover again. :)

if based on these figures, it can be assumed that 2018 we can expect a good growth! according to some we can break through the resistance line and descend to 8000, after which rapidly go up! I'm counting on such an outcome!

I don't know exactly. Because every crash must be caused by some things. As in 2018, with the popularity of bitcoin has made the country to immediately regulate it, and after knowing what is bitcoin they forbid it. And the latest information is facebook prohibits to promoting about ICO and cryptocurency. Your question about will continue or not depends on the information that comes to bitcoin or cryptocurrency. In fact, for 2018 many big companies decide not to work with bitcoin, I think this is very bad news.

Bitcoin is overpriced. If people hold bitcoin will never reach $20k. We should sell.

From this history, we can see that the biggest crash was: 2011 jun- Nov: -97%---> From $ 32 to $ 2; so shock.

How i wish I already knew bitcoin in 2011. I  should be rich by now.

Those panic sellers should know about this chart, taking back the time each year that there are crashes that happened to bitcoin. And for those who experienced this before will just this as something that is not so special but a very normal thing.
Overpriced? it was at $19,000 before and now at $9,000? Do you think it's overprice?

You're right. Because this certain phenomena is happening all the time!! What should we do by this? We should try to proceed in buying more bitcoins! That is probably the best way for you to gain more profits. Get a position and hodl.

It was only noticeable now, since many were into knowledge of bitcoin this year, there are newbies who thinks they already losed alot, been holding btc for long and the only crash that seems hard for me before is from last year and see how it moves after that crash, just hold everything will be alright soon.

I agree, maybe this looks like a manipulation of bitcoin prices, but with the aim that they can buy more BTC at a cheap price and get rid of the instant gain seekers. Well, after making "fake dump", turn the speculators and the newbie traders who become victims. this proves that investing in bitcoin is not as easy as they have in their minds. The winner is the one who managed to survive.

Where did you get that Historic list?

Can you be sure that is the real price of bitcoin in the past that crashes down?
Or is it your own speculation?

For me Bitcoin still has the price to believe I can still get it back.

Well, only expert knows about that, but I think in the long run, we will always see a little bit of an up move, and then a dip down. Let just continue and believe in Bitcoin.

Yeah, I bought in years ago and forgot about them until they made news at the $5000 USD level. Since then, I have learned a lot about the market and I have become a very patient trader in order to build up my positions. I have dabbled in other cryptos but who knows how many of them will survive the week or even the year. If you are afraid of the crash, cash out and keep some FIAT.

it's okay that bitcoin falling time to time. It always coming back to it's price and than higher. It's all okay and we need just wait or maybe invest :)

It's a very good analysis of the past but we all have to be aware that this is a very volatile market and we need to maintain our portfolios accordingly. Hope in the future bitcoin will again reach the level highest it reached earlier and aiming more r heights. Optionally other altcoins also will start getting boom of there is proper back up of product or technology for the altcoins to survive in a longer period.

This is just his analysis when we come back with the history of bitcoin and I think it always happen the same thing. The history always repeat itself but then, we cannot say that this is really true.
I think the price of bitcoin will go the same way because it is a conspiracy of the whales in order for them to gain more profits.

Do not expect too much, history does not guarantee future results. You can base your investments from it but it is not a sure thing. You still have to get updates always and read the news to know if it will still go the same trend.

Nice summary! Maybe today with CME futures is the next partial crash day?
Here is a fun web to vote for when the next major crash could be:

http://whenwillbitcoinbubleburst.cognitionis.com

 ;)

It is impossible to make predictions related to bitcoin, and I cannot say that we have crash of bitcoin now, I think we just have after boom stagnation. That's it.

Thank you for this information so far right now Ive got an idea on what happens to bitcoin price 7 years ago.So far right I even if I know the summary I am still afraid because we cant predict what will happen to bitcoin this year so I hope that bitcoin wont be gone so that many people will continue to earn for their future.

For me it's the risk of bitcoin investment so people may aware of bitcoin crash and uptrend everytime.
But in other side , bitcoin able make you , profit more than you can earn in 1 month ( salary )

I'm still have faith on bitcoin so just keep hold it !

Why do you think it can not reach the $ 20,000 price? If everyone thinks like you and sells everything, they have here it will be a bad thing. The thought is that this stupid choice makes Bitcoin prices go down faster instead of going up again.

Yes, indeed this situation often happens, and this is not the worst, hopefully it does not get any worse, now it's best to buy and hold it, I hope this situation quickly ends, and back to normal in february, for situations better.

Thanks for your Historic Percentage comparison.If we analyze all of these crashes our mind will certainly think that why it rose again and again.Due to series of crash still people around the globe put their investment in BTC trading,they understand that BTC is a pioneer in the digital currency,it has huge potential to offer something to its investor.Its crash history clarifies that it has potential to correct every year.2017 was breakout year for BTC,It rose to top height 19783 and went down by 33%.Lets be bullish on its price in 2018 a tremendous increase in 2018.

On what basis do you say that? no wonder, maybe you are still new in the realm of cryptocurrency. What needs to be underlined is the limited number of bitcoins while the demand keeps increasing every year. Back to the law of demand and supply, when demand is high, prices will go higher. Meanwhile, the survey showed 60% of USA residents know about bitcoin and only 5% have. Only 5% and it represents the average number of people around the world who have bitcoins. Do you still think bitcoin overprice?

For example, if we compare bitcoin with gold by market capitalization,

Yes, and hope as always bitcoin will recover.

     great observation. i just wish a lot would also be doing the same before believing other people's predictions that are mainly fud and spreading these unverified fuds(to do their own research and observation). because clearly, if everyone does this, i am sure that less people will be losing big capitals(due to the fact they they are investing in the wrong time) or losing the chance to get a higher potential profit.


      now, although i can say that your observation is quite good, this is not enough to justify dip of this year. because even though the percentage of the drop is somehow kind of reassuring, i honestly think that this year's dip time frame(the speed or how fast the dip has happened) is somewhat the fastest compared to the past years which happened all in just a month. but that doesn't mean that this is something that is really bad. in fact, i see this as a healthy thing to happen for the crypto world. its just that the speed of the dip really worries me. but nevertheless, i still believe in bitcoins and still am invested on it. my point is that, before investing, every investor should really do the needed research and study their decisions very hard. they owe it to themselves.

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EDIT : i gave you a merit because you clearly deserved one. good day.

As i said to people earlier, this correction is happen every and this is not the worst one.
But i dont have the proof of it. But you post the list here and its good to inform every not to panic at all.

I understand corrections happen and I fully expect the market to recover from this, but I always see the expectation for recovery no matter what. Many people think it is very cyclical and predictable. That is never the case. Why do I always see 'bitcoin will bounce back' posts but never 'this is what will have to happen for bitcoin to never recover'. I understand the chances that Bitcoin crashes forever are slim to none, but we must calculate all possibilities. At what point does Bitcoin have to reach before the sentiment is that we will not recover? Or better yet, that it will not recover to previous highs. I keep seeing Bullish statements and positivism is a good virtue to have, but for once I'd like to see an argument in the other direction. Does it have to drop down 98% before we would have bearish thoughts? Does it have to lose so much in a certain period of time? Like I said, I am positive it's a simple correction and that we will atleast hit $50k Bitcoin in 3 months, my opinion, but I would just like to see counter arguments.

I think it's quite normal, and it won't make bitcoin go extinct.
This is a corrective adjustment for the better development of bitcoin.
It will soon return to normal.

No one can tell what may happen next. It still the system will create and make the changes. Dont depend on the history of it because sometimes there is still a miracle and magic. One day, maybe it will be boom which people will be proud and shock of. So just be responsible and wait for the perfect oppurtunity.

Corrections, not really crash. We're still higher than where we were 3 months ago. Bitcoin price jumped too fast at the end of last year, it wasn't sustainable to keep so high prices.
Now we're still around the 10k$ support, which haven't been really broken yet. It may however if bad news still occur in the near future. We may go down to 8 or 6k$ eventually.

makes previous histories crash for reference bitcoin price movement indeed that's pretty good because we can determine time to sell or time to hold but in my opinion every year will not always same happened and this year was very curious to figure out whether the price will recover soon or the price will decrease again

It's just like being a drama, the story of the price movements almost resembles the price developments in the past, but of course there are still other new factors that will affect it, we can't be really sure.. it will happening again like the past. We just can take the utilized in any conditions to makes profits.

Thanks for reminding for crypto society, that it is normal situation.

There is a big drop every January to February.
I'm used to it, and by the end of February, bitcoin and the entire cryptocurrency market will be green again, not to worry. ;D

You are right about fud and misinformation. Also the people who believes the news without understanding and learning about bitcoin. We all need to learn and understand what we are doing in btc. The people spreading those news are taking advantage of gullable investors who believes everything.

I think it's a normal adjustment.
Bitcoin does not die from such adjustments.
It will soon return to normal.

You are looking at relatively high frequencies (that is: the order of days or weeks).  You can say that bitcoin has a potentially high volatility on the order of days or weeks.  Volatility is to be seen as a frequency spectrum.

What is more interesting, I think, are much longer-range movements.  I can see 2 similar movements in the past, when you look over a range of the order of a year or longer, where we see retractions of the order of an order of magnitude.  Bitcoin has known essentially these long-range movements:

1) an upwards movement from $0.1 in 2010 to an ATH in summer of 2011 ($30), followed by a crash of a factor of 10 in the year that followed ($3).

2) an upwards movement from that low $3 up to an ATH in December of 2013 ($1100) followed by a crash of a factor of 6 in the two years that follow ($200) in 2015.

3) an upwards movement from that low $200 up to an ATH in December of 2017 ($20000) followed by ...

It is true that the upwards movement in (2) from $3 all the way up to $1200 has been seen a pause after a high of $150 in April 2013 by a correction back down  to $76 in July 2013 before the final uprun to near $1200 in December 2013.  Note that the correction was of the order of 50%.

So are we now in such a similar correction, before a next up run before the real crash, or is the next crash down by an order of magnitude already in motion, hard to say.

It seems reasonable to assume that the crash set in, because of the size of the up run.  The first up run was x300.  The second up run was x400.  The "correction" in Summer 2013 was after an up run of about x50.  It was followed by another up - run of x8 before crashing for good.

We have seen the last up run being a factor of x100.  Is that small enough to allow for a correction and next smaller up run, or is that big enough for a genuine crash ?

We've seen, on a shorter time scale, that the crash periods are long, and punctuated by a lot of bull traps.  

Seeing the comparative analysis showed the one happening at this time is the one that is massive because the past have been overcome already we only need to face the future which is why I am focusing on that. But it will be wrong to assume that the fall happened this year because right from last year, the price has been dropping real hard. In all I am not perturbed and even dumping all at this moment wont be the right choice what matter is what are we going to do about it? With all forces coming against it, this year is going to be a long walk to victory.

As per your statement it's seems some people are trying to make other people get bankrupt with that way , I don't think the market run as easy as like that. It's okay that's your theory. Fundamentals nowadays has big impact to the Bitcoin market, look at how the price of bitcoin soaring once korean exchange announced they would operate soon ,  back at the end of 2017. But this time I'm not sure the crash happened due some people create a panic atmosphere just like your general theory , it could be due the real huge selling occurred right?

its really good statistic data but this time bitcoin price really over priced now its getting corrected the fair price should be around 10000$ to 12000$ . Now fudster taking advantage on each news . Its just normal panic crash but price will stable around 10K to 12K.

crashes are coming often in Bitcoin and this why I am not afraid now. it always have crashes and it always start to go back up.
I believe he will stay here and also i think it will have in the future more crashes.

Okay this one makes sense but could have been better if you would have added the source to check the numbers in detail. Its actually pretty good effort that you made, its just giving lot of efforts after looking at these numbers!

Well, what I saw the very first time is which year is having the most downfall, and guess what its not year 2018, thats a big relief, lolz!  :D

So the mega downfall was in the year of and so you see we still got very big window and can easily go through this bad phase we are going through. Loved your work man. :-)

Definitely,this could not be termed as a crash because the price has just risen within a month from $5,000 to $20,000.So,this fall is much expected earlier.Earlier this price hike was mainly due to wallstreet fat boys like CME,CBOE launching bitcoin futures and not any other solid reason.

But the critics and big whales would enjoy this price fall and zoom it much bigger to create panic among new investors and harvest once again cheap bitcoins.

I would say that bitcoin price is just getting stable.

From your point of view, it is true that there has been a massive sale since bitcoin reaches nearly $ 20k, then supported by the issue of south Korea that will ban trading, steam decisions not to use BTC because the fee is too high, the issue of the hacked Nicehash , and lastly about hacked one of the exchange in Japan who lost about $ 400k. It all exerts its influence slowly, and without anyone realizing the price is back to the $ 10k point.

well in my opinion if its true we should buy bitcoin it is the perfect time and make some strategic trading for further income goodluck to the crypto world

Maybe this last crash or correction is not the largest ever in %,but in lost fiat value is the largest so far and certainly can not be measured in that terms with 2011 or 2013.How price grows corrections will probably be more pronounced in %,but also in fiat value of BTC,so we can expect more than 50% or 10 000$.Though some say that with time volatility of BTC will be much less than today,I think that time it's still pretty far away.


If you want to check more in detail about historical price events I find something interesting for you,all events that impact BTC price from 2010-2017.

https://99bitcoins.com/price-chart-history/

I believe this is what we called volatility, since price of bitcoin depends on the speculative market and can be easily affected by rumors, FUD, hype and news of different country's reaction toward it.  Aside from that, it has been observed that mostly these crash is either schemed by the whales to get more Bitcoin and more seldom due to the market demand.  Anyway, this historic event of bitcoin crash should be known by every investors so that they will know that everytime Bitcoin crash, it always comes back and breaking its ATH setting new price record.

SO it looks normal, and it is. Very informative regarding the price history and all, so thanks. The price would really dip if there is a low demand but btc is convenient exchange alternative and is tax-proof, so it will not really go down down since it is very useful.

"Down down", "major major"?
In reality, companies/industries grow depending on the demand, legal or illegal. Bitcoin is supposed to be a means of exchange, money alternative, etc. Just like FoRex, it sounds ridiculous to buy japanese yen or pound or etc. but some people do, forecasting the value to increase, then converting back if it does. The purpose of money is for exchange supposedly"(Joey-Supposably, LOL), e.g. buy this, buy that, pay for this, etc. but then someone thought, "Ooooh, I can make money out of that other kind'a money". They have extra, they buy that other money but still they use money for buy this and that, hence, exchange. That purpose of bitcoinis its main purpose, so, it can only grow, in the long run.

This is a historical evidence,Bitcoin has proven remarkably successful in organizing technological activities,despite the fact that bitcoin has no link with any other 'real' economy its the most tradable technological invention today,individual consumers,business firms and other agencies participate in the crypto market because they have trust,Bitcoin price is equal to people's trust and this trust is rising,and this is a statistic,only number because,I personally  know that inflation in this situation is just an experience,inflation is phenomenon which is characterized for all the demanded products.

Even if it continues, i don't think that many people would mind anymore. The weak hands have been washed out most likely and what we have are holders and believers of btc who are well aware of these drops and are making a good opportunity out of it.

Its good that you stated the statistics from past years as many people in the forum are just worrying too much cause maybe some are new to the forum so some don't remember the stats you stated. By reading this they would get to know that worst have seen in the past years so there is nothing to worry about. And every year there has been a decent percentage of increase at the end of the year. So, just hold on to your bitcoins and wait as the price is gonna rise .

I think it will continue in February, and can drop to 4k in a worst case scenario (and even with that, it would last only some hours).

I will not bet on it though. I nearly got squeezed by that bounce between december and january. I will hold in cold storage. It can revert at any minute and start a intense bull run, without any notice. We dont know what is being discussed at the back of those futures markets.

Also, pay attention to volume. Theres fewer and fewer people selling at the current price. It looks like a group of whales (or even a single whale) is selling low, but they will run short of bitcoins sooner or later. The fees have decreased and people will be able to move their new bought coins to cold storage without too much of a hassle, so the volume can drop easily from the exchanges, which will increase the price.

This has been a major crash in the entire history of bitcoin. It has lead to the drop of value marking a drastic change in the value in a much shorter time period. This has termed to be the reason for the fall the fall in value and marketcap of most of the altcoins listed.

Yes this statistic brings relief to me and definitely bring relief to all those panic users who are literally crying and gone crazy for a dip as this is not the first time the value has been dipped and this will not be the last dump as well. This time of the year all the regulators and some government have decided to bring down the value of bitcoin so they are coming up with all these useless regulation I doubt they might try to reinvest into bitcoin when the value drops down to the lowest and again cash out once the value reaches high.

The actual crash in 2014-15 was much much deeper. It went down to about $208 on Jan 14th 2015. In other words it wasn't a short 49% crash as you are portraying, but an initial short crash, and then a slow bleed downwards. If you owned in early 2014 by early 2015 you had lost about 76%.

If you don't believe me, look at the graph on Coinmarketcap and hover your curser around the early 2015 prices:

https://coinmarketcap.com/currencies/bitcoin/

We will likely get back where we had started this summer, or rather August, somewhere around $7,000 unless a miracle happens and Lightning Network gets fully activated within the next few weeks. But since it is not very likely, the price has enough momentum to drop lower. Also, we shouldn't forget that the crash we have seen is the strongest after the Gox collapse. It make take very long till we get back on track, and the longer we stay low now, the lesser our chances to rise later. Bitcoin is speculation, and if it fails it is typically game over.

As we can see, January is the worst month for Bitcoin, and winter is also the time, when it falls. Hope that BTC will celebrate its triumph in several months at least. I am waiting for its jump, and the price at least close to 20-25K.

Crashes are going to be expected as long as cryptocurrencies exist. I think that there is no doubt about that. You simply cannot expect bitcoin to continue rising without any sort of crashes, that is just going to be 100% impossible.

This time, bitcoin definitely did not crash as much as 2013 or 2011.

In fact, it is around the same size as the crashes that we experienced last year.

I am still quite optimistic that the price will go up despite of this, and settle above $10k. Right now, an all time high will be quite hard to achieve but I think the major support level will be strengthened at $10k.

Some high-rollers are having fun with Buy/Sell walls.
Eat dem coinz :)

You forgot the big 2014 crash from $1250 to $380 and ultimately $160. And why are you including tiny dips from 2017 and 2012? None of those are crashes - those are interim corrections within a bull trend. We are just NOW exiting a 2 year bull trend and should see something of greater magnitude from ATH like 2011 and 2014..

Now, I'm relieved somehow because I already know that the dip happening these days seems much milder than before (based on those data you gathered). My confidence on btc's recovery boost a lot because if btc survived after those horrible downfalls sspecially on the year 2011 where its price dropped up to 97℅, then I'm pretty sure that btc will do it again since today's dip is not too big.
Actually, we can't accurately predict if this dip will continue or not but I guess the recovery of btc will happen by middle of this month. Well, I think both sides are still favorable for us because we can be able to buy more coins if btc will continue dropping and the wait for withdrawals is finally over if it pumps. :)

So it was a historical for crashed down of bitcoin,sooner or later it will be recovered again and back for increasing of price.Now we know already that it was happening again but it will be back for pump and I am sure that in the middle of the year the price will moving on.

I do sympathize with you, even though I am now a little bit worried about this current value but whatever happens I do trust my faith that bitcoin will soon rise again. Additionally, this is the time traders has the chance to buy btc while it was low. And I think many are waiting for this moment or many were surprised by this sudden drop.

Not yet, but the 2013 crash lasted until 2015 to go down from 1200 all the way to 200.  With bull traps, yes.
In fact, what is remarkable in this crash, was not so much the downward motion.   The truly remarkable aspect was that after the pyramid game collapsed, it took of again.  So there's hope for yet another bubble, but first, we'll have to go really seriously down, and "lose all hope".  When all hope is gone, bitcoin will look like "money" again, people will gain interest, and the next bubble can start.

A correction is expected.of course after the 20k run last december but i don't think many considered it to be this severe. I didn't. But yeah i don't think this should cause us any worries since history's got our backs and clearly, it shows that we should recover strongly. Though hearts have been broken before by too much expectation to i'm a bit wary.

The current market condition is staggering with the difficulty of the market to break the $ 10k mark. Can It be a sign that there will be a subsequent low tide after a few days ago had dropped to about $ 7k? Nevertheless, the $ 9k point has become an excellent entry point considering the last bitcoin ATH is $ 20k and it's already crashed more than 50% from the last All-time high.

I think the other way around. If we stablizes at this current price of $9K then I'm sure more investors will come in because they will see that the market has somewhat settled down from a tough month in January. I don't think that this is a case of another bull trap, we have seen enough and this crisis is over unless another bad news enter the picture.

Yes, this is really a excellent buying point. Still not late to buy at this time. And as you have pointed out crashes like this resulted in a big price increase hitting all-time-high.

It seems like you completely discard altcoins which are still present in the picture somewhere. Let's face it, Bitcoin is not quite up to date right now. LN may solve a bunch of problems, but how long will its deployment take? If the whole market goes down, a few alts may eat a solid chunk of Bitcoin's pie. Oh, wait, isn't that what they have already been doing all this time? Anyway, it would be interesting to see how things are going to unfold in this department when "we'll have to go really seriously down and lose all hope". See you there.

Actually this is history of bitcoin and never afraid to invest because we are known his volatility. It's always crashed but it is recovered. So please hodl never do panic selling on your bitcoin. For better and for worst I will invest on bitcoin.

Many of the panic sellers will take lesson from this history view, don't expect a smooth rise in cryptos as always new comers are expecting. Bitcoin is highly volatile and will always remain volatile, we will see many major dips in future too as the community is expending.

I edited your data a bit to most recent. It seems we were part of quite a big crash that took so far 6 weeks. Only two was bigger and both were because of some exchanges malfunction.  We are definitely writing the history right now.  But on other hand this was expected from the unstoppable and unbelievable growth at last 3 months of 2017.

It's still worth more than three times what it was in December. Imagine what the 2011 crash felt like when it ended being worth sixteen times less than the ATH. That was the main historic crash. Compared to that this is a correction.

many folk predicted this, one even said bitcoin will trade at both 6k and 60k this year. well we are at 6.8 now! lol

shit this sucks no doubt about it but i am buying and holding, not even thinking about selling, i'll go down with this ship but then rejoice when this rocket blasts off

It's better to buy now than when it was an the ATH. Keep buying each time it goes down and hodl. Don't think about selling until it goes back up to a new ATH.

Slow down. One crash at a time. First we need to break the April 2013 crash to start dreaming of the big 2011 crash.  No need to jump crashes ahead.

I also notice this trend. In every Q1 of the year there will be certain points where pricing will plummets real hard and then slightly comeback stronger in Q3 to Q4. There are a lot of FUD and clamping of trading all overall the world since most of the government wants a piece of it. I believe we will recover and we always will.

-69.43% now.  Still 10% behind the second biggest crash. What sounds little but it is a lot. Bitcoin will need to go to $4000 for that what I think is peaty much close to the bottom we will see in upcoming months.

As compared to the past year, the price of bitcoin is still very high. People have overreacted to the price drop because they were overwhelmed by the near $20K marker last 2017. Especially for people who are just new in the cryptoworld and bitcoin scene, they are very much affected by this price drop having experienced the rapid price climb last December. By assessing the price chart, you can tell that the price is still in good shape despite that the trend for now is going down.

I liked the historic dates and there are many more crashes in history from what you have mentioned,but what ever may be the case the price of bitcoin will recover and that is going to be what is going to happen in the future,now we have the world's attention and when every country comes up with their regulation,the market will start rising again.

Several bitcoin crashes has happened in the past in the similar manner. Among them one time it has took time more than an year to recover the price from which it fell low. This time I expect things to take place in the short, because same as that issues arise we're getting more adopters to compensate the place leading to growth.

If you bought a few bitcoins near the top, you would indeed overreact when the price crashed over 3 times within so short a time span. Jesus, you would actually freak out when you realized that your deposit had been halved and then halved again. Even experienced and seasoned traders would be out of their element if they experienced such a setback.

Too much fuss about nothing. I just sold bitcoins worth a billion USD after a successful pump and everyone's complaining. I can't see the reason. Just wait for another pump and dump.

Yes, you are right. Sure, everything is relative. We were all excited when Bitcoin reached almost 20 thousand, but we were not so surprised like now, when it is down.

i viewed it, and these were big crashes, but this bitcoin history give us lesson that every pump give us dump and after big crash it mean the time is coming when we will see bitcoin again rise. Now in this time bitcoin crash from $19783 to $9496. Then the next year we will see bitcoin crash from $25000 to $15000.

Of course that's how the price really moves, Its like we need to make 1 step backs before making 2 steps forward. The last bottom we witness is around $9800 if I'm not mistaken, and previous to that around $6K. So the next target price is in the range of $12k-$20K. Right now we are in the $12K range. So it we touch in this month then I speculate that we can go even further after that and may hit new ATH around June perhaps.

What OP was trying to point out is that bitcoin has experienced much worse crashes in the past as compared to the price drop that we are experiencing right after the ath of almost $20K. People have been worrying and saying that bitcoin is about to die just a few months back when in the past, bitcoin has been in much worse conditions. Pumps don't always follow dumps - sometimes the price would rise steadily. It may be seen however that it's but expected for there to be a correction after experiencing a pump.

Hopefully that this OP will somehow shed light to those new comers and doubters of bitcoin that crash is inevitable and it is already part of bitcoin's growth since it was launched last 2009. Whenever there will be a crash, just HODL because better days are yet to come.

I emphatically beg to differ. The crashes you refer to may have been worse in percentages but, first, how many people did they affect all in all, and, second, how seriously were these people financially affected back in the day? During the times before Gox, most bitcoins were still mined, not bought, so the loss shouldn't have been very worrying or dramatic anyway. Apart from that, 4-5 years ago people were more aware of the potential drawbacks and dangers of investing in crypto compared to what we see today.

Here is a sum up of the largest Bitcoin (https://coincodex.com/crypto/bitcoin/) crashes in history!

https://coincodex.com/article/2703/top-5-largest-bitcoin-crashes-in-history/

This is must seen by all of the cryptonians that has been in panicking moments because of bitcoin crashing we must use this thread as preference for our mind setting attitude .as the volatility of cryptocurrency is indeed,and must always consider when deciding to invest here.thanks to oP FOR THIS reminders this is a really big help