Bitcoin Forum

''Bitcoin has spectacularly 'died' several times

📉 - 94% June-November 2011 from $32 to $2 because of MtGox hack

📉 - 36% June 2012 from $7 to $4 Linod hack

📉 - 79% April 2013 from $266 to $54. MTGox stopped trading

📉 - 87% from $1166 to $170 November 2013 to January 2015

📉 - 49% Feb 2014 MTGox tanks

📉 - 40% September 2017 from $5000 to $2972 China ban

📉 - 55% January 2018 Bitcoin ban FUD. from $19000 to 8500

I've held through all the crashes. Who's laughing now? Not the panic sellers.

Market is all about moving money from impatient to the patient. You see crash, I see opportunity.

You - OMG Bitcoin is crashing, I gotta sell!

Me - OMG Bitcoin is criminally undervalued, I gotta buy!

N.B. Word to the wise for new investors. What I've learned over 7 years is that whenever it crashes spectacularly, the bounce is twice as impactful and record-setting. I can't predict the bottom but I can assure you that it WILL hit 19k and go further beyond, as hard as it may be for a lot of folks to believe right at this moment if you haven't been through it before.

When Bitcoin was at ATH little over a month ago, people were saying, 'it's too pricey now, I can't buy'.

Well, here's your chance at almost 60% discount!

With growing main net adoption of LN, Bitcoin underlying value is greater than it was when it was valued 19k.''

-xcryptogurux

If you held BTC through all these crashes, you are really lucky now. Well, HODLers benefited most from that.
I really can't understand all these panic sellers. What's the point to sell at much lower price than you bought, it's against the logic. Now it's easy to manipulate markets - just spread some FUD against Bitcoin and you will see the reaction. There are so many people in crypto world without much experience and they reacting to these news too sensible.
Yeah, now it's great opportunity to step into crypto world. Many people thought that they missed chance to invest into BTC when price was ATH. Now they can get BTC cheaply. When Lightning Network will be implemented it will be too late to invest. Maybe now it's last time to get BTC when it's under $10000

The Nov 2013 - Jan 2015 crash was the most brutal because it went on so long - 14 months in all. Towards the end I started to think it would range trade between $150 to $250 forever.

The short sharp crashes are easier to deal with because the psychological pain only lasts a few months. Lets hope the current crash is one of the short sharp ones.

This one in particular wasn't really a "crash" (as you said, crashes are "easy" to deal with). That was the one time Bitcoin really did enter the closest thing crypto has seen as a prolonged bear market. and indeed even though 2015 is when it started rising again, we can't say we were truly out 'till quite a bit later.

In general, if you're into crypto in a healthy way, of all these the only event that ought to have registered on your radar is the 2013-2015 item, the rest should have been missed (well, broadly speaking), with perhaps the exception of the Gox hack, because of shere magnitude and implications. (it was very early days, it was reasonable to think it could have tanked the Whole boat).

I am not familiar with the bitcoin's crash history but as what I've seen there is a year that bitcoin is almost down. Bitcoin suffered from a great devastation resulting for the investors to pull put their investment and some are panicked selling due to its price. Until they noticed that bitcoin gradually moving up. As of now, some investors are not fear due to the decreasing price of bitcoin but they wanted to hold and buyback as they anticipated what will happen in a months!

Yeah bro. If you look at the history, bitcoin is normal to going down in this months.
I see a positive point of view from you, 'OMG bitcoin is going down, gotta buy the dip'.
Yes, the others who panic because bitcoin price down, has failed to see this opportunities.

wow this is amazing! i knew the history but its different to read it like this. if i had merit points i would have given you some!

its time to buy more bitcoin and altcoin with fresh money deep on my pocket,,yes its great opportunity,,thanks for the advice

That's true people always underestimate bitcoin and every time they make the same mistake , sell when it is low , buy when it is high :)

This was nice post I enjoyed it.I hope that bitcon recovers and goes through the new all time high record.

Totally agree with you. Most people can’t fight emotions and herd instinct. Even from the experienced crypto guys their nerves on edge, especially holders. You need to be very cold-blooded now, that your hand doesn't twitched and sell BTC.
After analyzing the beginning of last year, the situation is 1 in 1. During the same period, BTC began to fall very strongly, but in the spring it began to grow again. Some holders, knowing this, started selling BTC a few months ago, when he started to reach the mark of $ 20,000, by prognosis situation last year.
I think soon this part of the holders will start to buy again, and other crypto guys who now have a real chance to do it, and BTC will rise up.

I really love the way you put it. One thing is for sure, if you don't know your past, you won't know your future. This indeed should send a strong signal to the investors. Sooner or later the prices will start going up again.

Since it's my first time in bitcoin and with the recent plunges in price, i thought that it will be the end of bitcoin. But like markets, bitcoin is taking a fluctuating graph of prices. So it is perfectly normal. At first I'm afraid of what may happened on my bounty but now, I'm relieved because I know that bitcoin will bounce back and it will bounce harder! Don't panic! Don't sell! Don't contribute to the FUD.

This is the best and the most important information I have come across this year especially since cryptocurrency fall started. Now I have realized that I need patient to stand the tension.

"Sheeps" always panic sells. Everytime bitcoin goes down, they sell everything. Here's my 2 cents, bitcoin is only getting better and better. Why? Because as you have stated in this thread, every time it goes down, it goes back up twice as high as before. And not only bitcoin but all the coins, in general, will be better this year. With all of these beautiful projects using altcoins, cryptocurrency and the blockchain technology as a whole is looking very promising. Let the sheeps panic.

Cryptocurrency and Blockchain technology will change the world.

Well, and I thought I have really hold on to mine for sometimes now, in fact OP, you have really held on for a very long time. Not everyone can really hold on for this long and still be psychologically strong. Though i may consider myself as a good holder but I bet I would have sold my out during the '📉 - 87% from $1166 to $170 November 2013 to January 2015' the crash was so much and long that one might have a change of mind. I am glad I started holding after that event, I need to buckle up more and learn from this events.

This crash looks organized. It is like Cooking a frog..... Normally it just goes down quickly, but this time it just goes down in

small increments, every day. It feels a bit different to the previous crashes we had in the past. I cannot put my finger on

this one.... There is no real trigger, like MtGox or some BIG announcement that caused this.  ??? ??? ???

The India announcement can surely not have such a big impact on the price?  ??? ??? ??? ???

Well said. I don’t see a point to panic for long term holders. In the short period of less than 10 years, we can see Bitcoin come back stronger after every setback.

I am happy to hear that history repeats itself and I am happy to hear that from an early adopter, I have entered on btc in 2017 when it was 5k and I do think the same that it will go beyond 19k and make the support on 19k

Good time spent taking this report. I had to go through Jan and Feb months growth trend in coinmarketcap.com last week.  We do have around 35% dip every year in these months stating 2012. As said, this situation would be right time to buy more coins.  Let's take it in a positive mode and move on.

The crashes doesn't affect the long term holders and the investors who really believe in bitcoins,the history always shows that price of bitcoin will recover even after the severe crashes.So it will now recover too.I hope this time the crash might end soon.Because already a big wave in the price bump in all the crypto currencies which is happened sharply at the same time.So people hold you crypto currencies or you will worry later.I am really trying to stop the FUD around the forum which was created by the bitcoin haters.This kind of thread really help with that.

I think nobody need to be persuaded again about the bouncing back of bitcoin at anytime and if anybody allow FUD manufacturers to tempt them to sell at loss you will blame yourself very soon. NO SHAKING  

This is exactly the period I have chosen to enter Bitcoin, LoL.  :D
It was not funny at all, I did all possible mistakes except one: I have never sold, especially when losing 87%. I am only sorry now that I didn't buy the dip at that time.

Thank you for your information because it really helps me who is panicked and worried about this situation, this also makes me more confident and believe in bitcoin.
I became excited to take advantage of this moment to invest in buying a lot of coins.
maybe you can give me some good coin reference for me to buy.?

Actually this is good time to buy bitcoin because it has dipped and may break the second support level which is around $7000. If you have money you can buy from the panic sellers and hold to profit when the price turned around.

Awesome to see, thanks for that.

I have been holding on, but I agree with you that it tends to jump exponentially higher after the dump. Would be great to see it return to 19k and higher. It may take some time, similar to the lull period we had between September and December

Agreed. I used to be one of the many people who cower in fear when bitcoin loses more than 10% of its current market price in just a few moments. Used to trade based on my emotions and looking at the charts and news seem to be invaluable to my endeavours. Only realized I was looking on the wrong direction when I lost a significant amount of my holdings in 2016 and just tried to hold no matter how low the price is especially if I know I'd be selling on a loss. Glad to know that there are still some sensible people left in the cryptoworld and not just newbies who only think of profit and not these kind of stuff. A $3500-$7000 bottom is still a pretty decent start, considering that we started from $200 back in 2015 up to $19000+ on 2017. The market will hit higher highs, and that's for sure, and a new ATH might be achieved in the coming months to come.

LOL

This is stolen post from Bitcoin reddit 'Cryptoguru'

"sheeps" lol  ;D, but actually it is true, people never learn and always do that mistake, panic buy or panic sell. that is what whales look for from something like bitcoin crash. don't know how to make them learn and never panic again

I thing those who panic are just noobs .. and market after any crash needs sometimes days to recover & sometimes months

This is probably the best lesson of bitcoin I ever have , no doubt that bitcoin will still survive until all know the realization that world will be on a digital future approach in terms of money💰. That's why bitcoins investors keep on increasing each year but somehow because of just FUD's and market crashes the few percentage of it decreases as well. Hope many will read this topic and it's totally a worthwhile reviewing this one. Thanks!

Ofcourse people with short range goals will never understand what you've said because all they want is easy money, I believe that the reason behind the drastic price up of bitcoin between october to december is the fact that bitcoin is gaining popularity, that word of mouth saying that 'lets invest in bitcoin , it doubles/ triples money' without getting sufficient information about what it really was and what shoud it meant to be.

I would say that whom sell at the moment is really stupid :)). It's a big trap of the whales, they're trying to dump the price of the whole market to prepare for buying more with big amount of money. You should take a look at this picture :)). more than 313 BTC sold out in 1 time. LOL. I don't think a panic seller can do this thing. It must be a big whale
https://scontent.fhan4-1.fna.fbcdn.net/v/t1.0-9/27654459_1784945168185204_9106707359073637740_n.jpg?oh=1dc3bb0c49fe3ae581d79f5e12897ab0&oe=5AD876A1

I dont think 313 makes you a big whale, not even a whale, not even a shark, not even an octapus, not even a fish. I would say it is a crab.

Love this part.
It is funny and somehow should everyone's point of view with bitcoin.


But just like what they say, you cannot please everyone here. Not all wants to have something that will take time to profit.
Others wants fast money and we also respect that.
But please to those who want easy money, when you risk something do not create some thread that can affect the price and will also mean a loss to you.
Just swallow it, take it as a lesson for yourself.

Very useful and informative information! Of course, now there is a correction on the background of negative news! The news about the anticipation of the new year in China - greatly influenced the fall of bitcoin! Based on the information provided in this group, you can understand that soon everything will end! Everything will soon go up. Would now be extra money - bought up all the money!)) There will be no more such a sale!)

It clearly shows that the down price after the crash is not the final and every time,it would be reaching ATH.So,yet we are going to experience another big bounce.Its very well known by early holders and so they never scream on seeing any dips and just buy as much bitcoins as they can.Never become weaker hands by selling and always tend to be strong hands by hodling and buying more bitcoins.

For those who doens't read or know about these, they actually get panicked and panic sell their bitcoin at a very low price which contributes to the dump and make bitcoin's market price to plunge deeper.

It's every time. People get panic when BTC crash and sell it. It's every time, bro. It's every time. I never sold my BTC and I'll only do it when it has the amount to flip my life once for all.

It is to never panic, if you fail to cut your losses then just hold,thats why you should never invest what you cant afford to lose. Everything will recover in time.

The annual depreciation is repeated, you can track this cycle in the bitcoin candlestick chart. So the thing that investors need to do now is calm down and keep your good crypto, sold out now that you have become the whale bait.

Wow thanks for the information. Some people are waiting for this time of bitcoin crash to buy some at affordable price. Only new in crypto are afraid to risk their money at the time of dip. We cannot please everybody to listen but its up to them to grab this rare opportunity to buy at a lower price.

If we start observing the market value of the bitcoin since the time this was introduced to this world, then we’ll notice this thing that this is not the first time we are experiencing this downfall or crash. Similar kind of events happened in the past too and after that.

The market value of bitcoin increased as well. So we just need to wait and watch until these dark days will get over and the market value of bitcoin tends to recover once again.