Bitcoin Forum

  With the recent drop of bitcoin to less than 5000$ it has been greeted with mixed feelings by cryptocurrency enthusiast around the world. So many critics has jumped at this situation making boost of there earlier claims that this would happen and even predicting more down fall.

 But if there is one thing I have learnt so far from cryptocurrency is that it's prices are volatile and can pump and dump. This won't be the first time bitcoin is dumping and everytime it gets back up.  

In that regards let take a little history walk into bitcoin dumps

*june 2011-- this was the little price period days of bitcoin at this moment the price of one bitcoin was $32.00 and it dropped to as low as $2.00


*January 2012--- after bitcoin must had started it recovery process  from its first major drop it has a little  growth up until January 2012 where it experienced yet again it second consequential drop. Bitcoin took a leap down from  $7.40 to $3.80

* April 2013--- bitcoin picked up from its second fall and was growing graciously to the surprise of those that must had panicked during it dumped. Bitcoin grew to a good price of $260.00 before going down again to a sad depth of $40.00

* November 2013. After the third drop bitcoin started an upward movement given birth to a bullish run bitcoin beat the 1000$ mark and headed to $1,200 before dropping again to $150.00

* November 2017. 2017 was the year of bitcoin alot of investor gained during this year bitcoin in this year reached it all time highs of $20,000 before dropping again to a price of $14,000 there was not so much complains because investors at the beginning of 2017 bought it at a low price compared to what it reach later on in that same year

November 2018---- this is the current drop we are experiencing as bitcoin took a down fall from around $6326 and is dropping to the price as at the moment of this write up $4598.34


 We hope that this like it has always done lead to another good rise. The current situation might be bad but let's take solace in the fact that bitcoin has always rising after a fall.  

PS believe in bitcoin and hodl

A really nice list, thanks for share. And you forgot one dump.

* June 2014 Bitcoin hit $650 while the world cup bring some people to make gambling with BTC, after the world cup bitcoin goes down and the crash ends in February with BTC at $200

A point of concern however is that this was by far the biggest bull run we've ever had.

There was wide media coverage on bitcoin/other altcoins during it's peak. Almost everyone was talking about Bitcoin/Other altcoins back in 2017/2018. (Which wasn't the case with prior highs/dumps, or much less so.)

I don't see how we're going to have a bull run of that magnitude anytime soon. The sentiment for it is simply gone among the common folk..

Volatility has been a part of cryotocurrency since it had an actual value. And oeiole would always speculate on what it is worth. There were always reasons behind those price dumps.

The fact that Bitcoin experienced prolonged stability over most of this year probably contributed to the panic and FUD currently bring thrown around.

Its always like that. Some people are always interested in bitcoin, like andreas or me, but some are not. Most of them actually.
If they hear in media about bitcoin they remember it and come back to it for quick bucks.
People interest comes and goes, now its dying out as it did several times. It can be many years till people will craze about bitcoin again and all media's will start covering it again. But then price will go to $200 000 by me.

Thanks for sharing! I wanted to add that those early dumps didnt have any impact in the news, no mainstream media covered them. Additionally, the marketcap wasnt nowhere comparable to nowadays, so you need way more money to start a bull run than you did in 2015/2016 eg. Both points combined make me wonder if we ever see such runs again.

Before 2017, which is different from the bull market at the end of 2017.
So this bear market will last 2-3 years, and the price of Bitcoin will be further reduced.

The situations on 2018 onward are also different. There are a lot of institutions looking forward to jumping on the ride and making profits such as Bakkt. They'll definitely bring back the mass interest to make sure they don't throw away their millions of money without gaining anything. Legalization or government stance is also getting more clearer, with some of the countries are very supportive of cryptocurrency in general, such as Malta. Even India will start to make the draft on December 2018 (according to the news I've read).


I personally think "bear" will last for months, after that we'll enter consolidation/sideway phase for another couple of months before the party started. It doesn't matter how much bitcoin worth tbh. Just forget that you have crypto and see it 3 years later.

Thanks for the info OP, yeah that is what I am thinking, this is just some sort of a cycle, from pumps to dump and pump again.  If one is been here for some time, he would not panic on the current dip since this thing had happen and as you show us, it did not happen once but several times.  Holders that bought today should be happy because the greater the FUD is, the nearer it will go up again since manipulators are trying to hasten their accumulation for the upcoming bullish trend of Bitcoin.


It is Bitcoin.. with it everything seems easy, see high volatility.

And what is this analisys telling us? That volatility and price dumps are usual and normal part of Bitcoin cycle. The conclusion is that there is no reason to panic and drama, the price will recover as usualy.
Of course, the question is at what time and how high the price will go again but it's important for users to remember that dumps are inevitable and you have to count on them when dealing with Bitcoin.

This should make some people feel a little better.

Have my last sMerit.


BAKKT, any potential ETF approval, the next halving?

Read somewhere that the present dump is as a result of market manipulations by banks. Have previously seen where cheaper ASICS were blamed and the common idea that the BCH fork has had an effect on bitcoin and the entire cryptocurrency space.

Information is key for all interested in this technology to be able to stay above the tide. And make informed decisions

The media coverage follows the bitcoin price movement,it doesn't create it(well,some noobs might buy BTC,after reading some news,but I don't believe it).If the bitcoin price starts to skyrocket again,all the media will start paying attention to bitcoin,just like it was back in 2017.
Bitcoin would need a year or two to build again the 2017 hype. ;D

I agree with you all the old dumps were from a small jump so it did not needed much time to jump back but this time the price jump was very high and the awareness of Bitcoin and other altcoins is also high, now if i am not wrong 60 to 70% of the world knows about cryptocurrency, so it will surely take lot of time to reach back the old ATH and create a new ATH.  Who ever believes in crypto currency will always take dump as an oppurtunity to buy more so that when the price start to move up should be in profit sooner.

for the distribution cycle to end, we don't need hype or new investment platforms. we need sellers to actually dry up. after a bubble, that takes time.......and maybe a brutal capitulation to shake out all the get-rich-quick speculators.

the halving does directly affect supply but that's a long ways off---2020, right? and the past two times, the bull run didn't really pop off until the following year.

I think the shake out has just started and we may see more dumps coming in as this might be just a dead cat's bounce, who knows. So for me, the cycle hasn't stopped yet and there are still some we remain inside the system but they're already contemplating on pushing the sell button.

The last halving took at least 4-5 months before the price actually moves to a bullish trend so it's possible that this time it might double that time frame, so let's see how it will pan out in 2020.

Hope is not a strategy.


Do you have any insight on what global or regional events correspond to the bullish behavior following each pull back you cite? You need to correlate the big moves to the events that caused them, that's the only way we can begin to understand if a rebound may lie ahead.