Historic BITCOIN crash

[Sanu Simon]

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.

[tee-rex]

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?

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.

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.

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.

[tlustoprd]

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.

[trickyriky]

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?

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.

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.

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.

[Qunenin]

let me remind you of this, that this is not the first time bitcoin has crashed very significantly and is not the worst of it all. (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?

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.

[TravelMug]

let me remind you of this, that this is not the first time bitcoin has crashed very significantly and is not the worst of it all. (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?

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.

[orions.belt19]

let me remind you of this, that this is not the first time bitcoin has crashed very significantly and is not the worst of it all. (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?

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.

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.

[nightfury]

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.

[tee-rex]

let me remind you of this, that this is not the first time bitcoin has crashed very significantly and is not the worst of it all. (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?

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.

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.

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.

[dreamax25]

Here is a sum up of the largest Bitcoin crashes in history!

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

[carlisle1]

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?

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