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Bitcoin’s Recent Crash Is Familiar Territory for Veterans
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The first quarter of 2018 is on record as the worst in bitcoin’s price history. Just shy of 115 billion USD in market capitalization has been erased. Nearly half of its price from the start of this year is gone. For those relatively new to the ecosystem, it might seem like the time to panic or at least cash out what’s left of their initial investments. As a recent visualization study by financial information aggregators howmuch.net shows, the world’s most popular cryptocurrency just might make a comeback. 

Bitcoin’s Recent Crash Is Familiar Territory for Veterans
Howmuch.net recently published a visualization of bitcoin’s most awful price crashes. Titled, Visualizing the History of Bitcoin Crashes: Are Hodlers Prepared for the Next Bull Run?, it seeks to put into perspective the cyclical nature of the decentralized currency’s volatility.

“The latest Bitcoin crash has some investors believing the ‘end of days’ are near,” the post’s author, Paul, began. “Once bullish ‘hodlers’ and committed individuals now voice their concerns and fears that this crash indicates that the cryptocurrency market may be faced with a new normal. While the latest crash has been painful, it is best to step back and assess the current state of Bitcoin relative to its past. Bitcoin has ‘crashed’ many times over the past several years, but how does this latest downturn compare to past steep sell offs?”

Using publicly available sources, the post illustrates a dozen other times where bitcoin took a nosedive. Sell-offs are bracketed by a box, using a snippet of time. “Using the Bitstamp Bitcoin-to-U.S.-Dollar (BTC/USD) pair, our team found the specific highs and lows of the past crashes dating back to January 2012. Utilizing a blue arrow, we highlight the percentage of value lost during each sell off. Lastly, we measured the length of each specific crash period by stating the number of days the correction ultimately lasted,” they explained.

What is immediately clear is bitcoin’s resilience. Though a reader could easily see the chart as a giant red flag showing too many heavy corrections, and feel the trouble not worth it, enthusiasts are able to take heart because “this is not an unusual event for Bitcoin. Since January 2012, there have been thirteen major corrections or crashes in Bitcoin, including this latest rout. Losses have been as minimal as 30% and as severe as 87% during these Bitcoin panics. Compared to its past events, this latest correction was not even as severe or painful as it has been in the past.”

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Nothing New
So far, the current correction seems in line with the asset’s history. As the visual displays, corrections usually last just a few days, with a sizeable chunk under four days. But, there have been longer stretches, for sure. From late 2013 through early 2015, and that of course includes all of 2014, the lag in price lasted 411 days. The next longest is our current malaise, and that’s nowhere near the dire straits of triple-digit days. “The point is that crashes have become relatively common throughout the cryptocurrency market, which is known for its swift volatility. It is important to turn to data and the facts in times of turmoil, rather than relying on one’s emotions,” the team insists.

It might be true those newer investors of late last year are gone, and gone forever. But they probably had no business being involved with cryptocurrency in the first place. And while the present streak could very well go on for some time still, those passionate about projects such as bitcoin are mostly in for the long haul, anticipating a bull run or perhaps just hoping for fewer price slides.

Source (https://news.bitcoin.com/bitcoins-latest-crash-is-nothing-new/)
Positive News about Bitcoin (https://bitcointalk.org/index.php?topic=3229077.0)
Be Positive

Yes, a stable situation for bitcoin, it always falls then jumps up, so I'm not even surprised)

Weeding out the "get rich quickers" I like that, the mindset you go into in bitcoin is like investing

This is indeed the point of those who are telling everyone to hold. This must be shsred to the newcomers. The dumps no matter how big it is still has an end because it is not permanent. From that already you don't need to worry because that's a bit of assurance that you will earn from investing into it. You just have to trust Bitcoin and be patient.

The problem is that when you weed out the "get rich quickers" you're still left with the get rich slow-ers.  Many people who are "HODLers" are still happy to sell if the price gets significantly enough higher than the the price they bought in at, or if they decide they want money for something.

The amount of people that have bought in order to spend Bitcoin or somehow contribute to its development seems quite low relative to the total amount of people that have bought BTC, so I still think the current price is very high in that regard.

Still, I agree with the sentiment that this will blow over eventually.

You have to put this into perspective to understand this. The same thing happens in other commodities, but just on a much smaller  scale. The reason why Bitcoin crashes are bigger, is because bitcoins are not distributed evenly and you have a large amount of people with only a small quantity of bitcoins and a small amount of people with a very large amount of bitcoins.

These Bitcoin whales are manipulating this whole system and causing most of the volatility.

We also have the large speculators that are causing the smaller "mini" crashes, when the price takes a dive. These cheap coins are bought by the Bitcoin whales with large fiat reserves, making them even stronger and more powerful.

I dont believe in the statement made by Erik Voorhees. Why would I do that even if I have bought the bitcoin in December month? Just because we have bought it highest prices doesn't mean that bitcoin is not going to recover to that prices again ever. There is whole life ahead man and BTC will cross such huge prices again and again many times!! Selling at such low level would get us pennies and cents and nothing else MR Erik! How we can expect to re-inevst it and make quicker profits. LOlz. Is there any other option in line.  :P

About the OP's visualisation, yeah things are not new in the crypto currency. These kind of drops are always there and thats what I am telling to Mr. Erik's tweet here. This is not new, BTC will catch the fish again and will rise to ATH. Better hold.

Yes, I agree with you, everything is going to be great soon. What we are experiencing is just part of the process, nothing new.

It's really a nice vision in the crypto currency market bro, because it's not easily to be experience like him, i guess the OP really has so much experiences in this major and he definitely has a huge balance also.
Mr Erik Voorhees isn't right at all the time but most of them are right . That's enough.

not a strange thing for me when I see bitcoin prices are currently down,
always happen every year after falling, the bitcoin price will increase greatly