Bitcoin’s Biggest Wins and Greatest Losses

[JessicaVL]

What Happened in December 2017
2017 was quite the year for Bitcoin (BTC). The cryptocurrency grew by a staggering 1,950%, from $974 a coin to $20,000 in the space of only a year. However, warning signs of a bubble were there and the coin did drop in price. Still the remarkable high of 2017 is what many believe Bitcoin will achieve again in only a short while. Some argue that Bitcoin’s volatility is as much a help as it is a hindrance – something that has certainly been showcased over the course of the years.

This year was one of the greatest years in the history of bitcoin. The increased in its value is much higher than before. There's a huge difference between from $974 to $20,000, it only happened just a year from 2016 to 2017. It's an instant! Even though the grew of cryptocurrency didn't last long and suddenly dropped again. Maybe someday it will come to the point when it will grow much better than the 2017 bitcoin increase and who uses it will rise again on the top.

For sure! It seems like we're heading towards a bull run, so Bitcoin could very well reach the same prices of 2017 or even beat them in the near future. Historically we've seen Bitcoin prices skyrocket shortly after a halvening (with the next one happening in May 2020), so we could see Bitcoin reach new peaks following that event. .

[JessicaVL]

The government is beginning to think about the importance of blockchain technology in their country today. like for example in our country, Senator Manny Pacquiao has already made his own token called Pactoken. If someone like Manny Pacquiao has already known the importance of it, the other government officials in our country might also make their moves to implement some blockchain technology in each one of our city. since we already have many local exchanges, that sscenario is not impossible anymore.

In that case, the first crypto currency's price to rise is no other than bitcoin. every good news will result in the rise of the price of bitcoin even simple news like this. and when that happens, the price for the next year is expectedly to go higher than today's price. so we cannot say that history will repeat, rather we will make another good history starting now.

You have a point - positive reinforcement from government can help boost the crypto asset industry. Bitcoin has dominance over the crypto asset industry, so it makes sense that when it's price rises, the prices of altcoins do too. We could very well see Bitcoin reach new peaks in prices in the next year, as we're expecting a bull run in the not too distant future.

[JessicaVL]

The year 2017 is when most people saw how Bitcoin could actually reach high places that the modern banking type currency could reach. And the fact that 2018 happened is a proof that bitcoin can reach greater heights than ever before. With what happened at 2017, year 2018 and 2019, some countries have begun taking note of it and see whether it could help themselves and how could it change the market in a global scale. Observing 2019, a lot of traders have now experienced much and are patiently waiting for the rise of bitcoin once again.

Government interest in Bitcoin and in the crypto asset industry could definitely help boost the price of Bitcoin (or at the very least, the demand). We are techically still in the early adoption phase, so we must expect Bitcoin's growth to increase tremendously. .

[JessicaVL]

Bitcoin price surge happen because the only choice back in the day was only Bitcoin. Compare to the market these days. Thousands of cryptocurrencies are being sold and they're diversed depending on it's usage. This makes Bitcoin weak. People are divided.

I miss those days. Movement of market  back then was crazy. You could get 10x or even more profit overnight. So those who are losing their hopes and thinking about selling your Bitcoin. Think again. Bitcoin back from the beginning was only $1 and reached $20,000. It could happen again anytime soon. Patience is the key here.

Bitcoin is still the largest coin by market cap, and has the highest number of active users. Yes there are many coins, but the diversifaction of the market is not a bad thing! The volatility of the crypto asset markets has been considered in both a positve and negative light by many analysts, so you definitely have a point!

[henmark]

Bitcoin price surge happen because the only choice back in the day was only Bitcoin. Compare to the market these days. Thousands of cryptocurrencies are being sold and they're diversed depending on it's usage. This makes Bitcoin weak. People are divided.

I miss those days. Movement of market  back then was crazy. You could get 10x or even more profit overnight. So those who are losing their hopes and thinking about selling your Bitcoin. Think again. Bitcoin back from the beginning was only $1 and reached $20,000. It could happen again anytime soon. Patience is the key here.

Bitcoin is still the largest coin by market cap, and has the highest number of active users. Yes there are many coins, but the diversifaction of the market is not a bad thing! The volatility of the crypto asset markets has been considered in both a positve and negative light by many analysts, so you definitely have a point!

Yes, I am not totally going to go against diversification, it is good to diversify our investment but at least all these coins that has no future should stop choking the market and really getting people confused on their investment choice, like he said, people are really divided and that is the truth, they are divided in the sense that the time and energy that they would have used in promoting bitcoin , they are there promoting other coin because they at one point promises to give them the heaven and earth that they will never get.

If those investors did not get a diverted attention, I am sure that by now, bitcoin would have being at its total peak, but every energy that is meant to be channeled in bitcoin is actually channeled on this coins which is really making the dominance of bitcoin not to even have reached 100%

[Kakmakr]

MtGox was most certainly one of the worst things that happened in Bitcoin's history and the price spike in 2017 was a highlight for me. Strange how these two events are both linked to something that had a major impact on the Bitcoin price.  

The day when Microsoft started to accept bitcoins on it's online gaming platform was also groundbreaking at the time and we flooded the Reddit <Microsoft> sections with bitcoin tips. <It was raining bitcoins that day>  

The total journey are full of action and life changing.  

[Darker45]

This goes to show that Bitcoin has gone through lots of ups and downs, best and worst days, death and resurrection even, in its 10 years of existence. A good reminder to all that whatever it is that is happening to Bitcoin today, whichever direction the price line is headed to, or however it is being portrayed by the media or accepted by the governments, it will continue to breathe.

And whether Bitcoin is winning or losing in its price value, there are always people who are happy and sad. The largest nosedive that happened in the history of Bitcoin price did not necessarily make everyone cry just as the highest soaring it has achieved did not make everyone happy.   

[Mike Mayor]

What Happened in December 2017
2017 was quite the year for Bitcoin (BTC). The cryptocurrency grew by a staggering 1,950%, from $974 a coin to $20,000 in the space of only a year. However, warning signs of a bubble were there and the coin did drop in price. Still the remarkable high of 2017 is what many believe Bitcoin will achieve again in only a short while. Some argue that Bitcoin’s volatility is as much a help as it is a hindrance – something that has certainly been showcased over the course of the years.

This year was one of the greatest years in the history of bitcoin. The increased in its value is much higher than before. There's a huge difference between from $974 to $20,000, it only happened just a year from 2016 to 2017. It's an instant! Even though the grew of cryptocurrency didn't last long and suddenly dropped again. Maybe someday it will come to the point when it will grow much better than the 2017 bitcoin increase and who uses it will rise again on the top.

For sure! It seems like we're heading towards a bull run, so Bitcoin could very well reach the same prices of 2017 or even beat them in the near future. Historically we've seen Bitcoin prices skyrocket shortly after a halvening (with the next one happening in May 2020), so we could see Bitcoin reach new peaks following that event. .

Maybe, it does make sense for the price to be driven up by a halving since it essentially makes the remaining bitcoins 2x as valuable. However, you must also remember that there are existing bitcoins too so it will bring that number down a bit. When all the bitcoins are mined we will see some huge price rises. We still in early adoption and I believe most people with a bitcoin or more are already rich if they just hodl a few years.

[Casdinyard]

Indeed a roller coaster ride, it sounds cliche but this word suits best for the movement of bitcoin.

Though, bubble really burst out last year of and even by  now there is no sign of bull run and more likely to be on a stable manner. While some says that the movement is more organic growth but personally this is what made some people distant their investment, all they want is quick bucks in their pocket.

[Slow death]

We are all focusing on price, the news channels constantly publish technical analysis and talk about price forecasts. I also like when the price goes up a lot, but we also need to start talking about how many places in the world are accepting bitcoin as a means of payment? How many countries in the world have legalized bitcoin? how many new people are joining bitcoin daily? how much fresh money is entering the crypto world daily? which country buys the most bitcoin?

[RealMalatesta]

This is a very interesting piece here, the fact it ponited out on the milestones achieved by Bitcoin over the years and as well the pitfalls at these times, one thing is for for sure. Bitcoin volatility will continue to be a thing that will exist. In the past years Bitcoin has always maintened it's relevance regardless of whatever policies enacted against it. We are gradually going to witness a bigger and sustained crypto bull run in due time.

It amazes me how so many people have easily forgotten the achievements of bitcoin, judging from its background and where it is coming from. If bitcoin was a government introduced currency, I doubt if the value would even have passed $1000 till date, because government would even do everything possible to control it and majority of us who has benefited in bitcoin would not be able to do so right now as we have.

I know that bitcoin has had some losses, but I am really looking beyond the losses and looking at its achievement so far which to me, bitcoin achievement has been more than its losses and I think that over time, bitcoin achievement will be more recorded. I am also certain that within the next 5 years, the level of bitcoin development would have reason and surpasses all the progress it has had in the past.