Bitcoin Forum

List of bitcoin major corrections since January 2012

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bitcoin is down 60 percent it doesnt mean it is coming to end there is lot of scope for bitcoin

It might not be the end for BTC but so far this year, has not been what most
people expected, but time will tell.

Well you guys probably haven't been into crypto for a long time. If you look at the bigger picture, i won't say that what happened during the correction wasn't expeced. That's crypto volatility that was served to newbies first hand and it's either you learn from it or lose money and interest

The problem is because of all time high bitcoin price reach last 2017, people set a standard in bitcoin which is one reason why many got disappointed after this sudden drop in bitcoin price. But I think we are not hitting the most lowest bitcoin value could ever have, it's not a correction at all but rather a preparation of bitcoin to the increasing demand and market it will going to have in the future.

meaning in 2013 is the highest down price of bitcoin,ldrops by %87 and whats happening now is just a normal compared to the past price drop,,hope this will provide a relieve to the bitcoiners to continue the holding strategy..i am holding still what ever the outcome of this trend i will accept and blame no one for my actio

Bitcoin's price has recovered every time, but the recovery has taken longer and longer. I just hope that the recovery is quicker this time around. A wait of more than a few years may be distressing to those who bought in 2017 (particularly in the latter part).

The 2014-15 drop was not just the biggest drop (it went from something like $1000 in early 2014 to $170 in late 2015, it was the longest bear market we have had.

I know that people like to comfort themselves by looking at the past - but the past is no guarantee of the future. Lots has changed since 2015, not least the emergence of some real competitors to bitcoin, and bitcoin merchant adoption going into reverse.

In relation to Bitcoin's historical trend, I wouldn't worry about the emergence of competitors. Competitors have been emerging for years, and nothing has ever changed. Look at ETH and DASH, for instance. Their historically bullish trends vs. BTC haven't threatened BTC's gains.

And that's because of the fundamental relationship between BTC/fiat and BTC/altcoin markets. Altcoins are actually very bullish for BTC price! The existence of altcoins continually dries up BTC supply that would otherwise provide downwards pressure on BTC/fiat markets. Just like masternode coins and ICOs remove market liquidity and drives the price of their underlying coins upwards, the same is true of altcoins vs. BTC. They remove market supply on the BTC/fiat markets, driving the price upwards.

Conversely, if you look at positive price correlations between BTC and altcoins, strong Bitcoin bear trends (with occasional exceptions) massacre altcoins, including the top altcoins like ETH. So altcoiners should really be careful when they predict and hope for Bitcoin's demise. Altcoiners should hope for BTC sideways and consolidation. It's during sideways that all the attention moves to altcoins.

I bought bitcoins in the beginning of 2017 and I will NEVER sell them .... I'll hodl forever..... till I die  :D

If you bought it at the beginning of 2017 the price is still below $1K. I think you better hold on it for a long time.

As for the historical corrections, all I can say is that bitcoin has really shown that it can rebound from such market crashes as evident of its previous record. So I really don't quite get it why people selling it. Then should really look at this graph and understand that it might be down from a time but it will bounce back with vengeance. Meaning it will go even further and the possibility of hitting all time high is 100%.

Bitcoin is going to change the human lives. 1k price last January 2017 til 10k+ this january 2018. I wonder if bitcoin will reach 1million per btc this is good for all of us, I will hold bitcoin till my last breath too.