The Biggest Rises and Falls of Bitcoin

[wolfgang56]

" Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user-to-user on the peer-to-peer bitcoin network without the need for intermediaries. " - Wikipedia

This post is exciting demonstration of how Bitcoin investors can give someone a run for their money, if they HODL their investment perfectly timed.

source:
https://cointelegraph.com/explained/the-biggest-rises-and-falls-of-bitcoin-explained
"

1.November 2011
A sharp fall in the early days of Bitcoin.

June 2011 had seen Bitcoin’s price hit about $32, falling precipitously to $2 over the course of five months — that’s a 94 percent drop. Many investors, unsure about what to expect in the crypto world, decided to cut their losses and get out of the Bitcoin game altogether — and these same people will now be kicking themselves that they didn’t ride out the correction, as they would have undoubtedly been multimillionaires by now.

2.November 2013
Arguably the most famous decline in Bitcoin’s history.

Toward the end of 2013, the price of a single Bitcoin was about to reach $1,200 — modest by today’s standards but a big deal at the time. In the preceding weeks, a United States Senate hearing had buoyed the market by concluding that Bitcoin held great promise, and even China’s Central Bank had offered cautious approval.

But it wasn’t to last. China then concluded that Bitcoin was not a currency and began to impose restrictions. The bear market certainly wasn’t helped by the devastating implosion of Mt. Gox back in 2014, which saw roughly seven percent of all Bitcoin in circulation vanish. At the time, they would have been worth an eye-watering $473 million. Other distributed denial of service (DDoS) attacks added to the crisis of confidence.

The warning signs first flashed on Nov. 19, 2013, when prices halved in a single day — tumbling from $755 to $378. Although they rallied soon afterward, the end of the month signaled the start of a slump that wouldn’t end for more than a year.

Toward the end of the correction, in January 2015, prices slumped to a paltry $150 — and the ramifications have lingered for years. Overall, prices tumbled by 87 percent over the 411-day ordeal.

3.April 2013
Percentage-wise, one of the biggest falls in Bitcoin’s value.

With dizzying speed, the cryptocurrency managed to swell to a price of $260 in a bullish market, as exchanges blossomed and trader numbers boomed. But as Nelly Furtado once said, all good things must come to an end. The price tumbled down to $45 in the space of two days — a decline of 83 percent. Even roller coaster rides aren’t that brutal.

4.December 2017
Bitcoin has had startling highs as well as lows.

Over the course of 2017, Bitcoin grew by a dazzling 1,950 percent — going from $974 to $20,000 in the space of a year.

Back then, as this article from Cointelegraph at the end of last year shows, there were warnings from certain commentators that a bubble was looming. Perhaps it would have been prescient to remember the wisdom of Nelly Furtado at the time. That said, crypto advocates continue to maintain that the volatility of Bitcoin can be as much of a help as a hindrance — and believe that, one day soon, it will perform in line with the glory days of 2017.

5.November 2018
What is it about Novembers?

Over the course of 2018, Bitcoin has had an annus horribilis — with prices tumbling by more than 83 percent when compared to the all-time high of $19,783.

This is worse than the Nasdaq’s plunge when the dot-com bubble burst in the U.S. — and it has also delivered catastrophic consequences for many other digital currencies, which have now been rendered worthless. This is because the fate of many coins, and indeed other cryptocurrencies, is tied to blockchain in some way or another. Just take a look at Ethereum as a case in point, which has tumbled from $1,400 toward the start of 2018 to about $110 at the time of writing.

To get an idea of the enormity of this drop, Bitcoin hadn’t dipped below $4,000 since September 2017 before November’s bloodbath began. In the space of a week, Bitcoin Cash plummeted more than 56 percent — and was even overtaken by EOS briefly from a market capitalization perspective, leaving it relegated to the fifth-largest coin in the marketplace.

Following the ups and downs of the crypto market doesn’t need to be a daunting experience. Keeping an eye on the news can help ensure that you stay one step ahead — and get an idea of when major events are going to have an impact on prices. Sites such as Coin360 have also been making the market easier to navigate — offering a visual representation of cryptocurrencies and coins in real time. The size of each graphic reflects the cryptocurrency’s market capitalization — with prices and percentage changes illustrated in red and green so enthusiasts can see where the industry is heading at a glance.

Just like what they said " HISTORY REPEAT ITSELF "

I am not encouraging everyone to Invest or any kind of course its all up to you! but you can always learn something by learning little history about bitcoin.

Think ahead about the future of your investment.

Are you ready to keep it ? or are you targeting something else.?

GOOODLUCK MATE!!:)

I don' know what happen but when the start of 2018 bitcoin's price fell down, it face a big crisis, it really does have a big gap now compare to the value if bitcoin last year with the aame month. I wonder what happen.

[AimHigh]

Yes big check and I agree with you but their are so many oldest here in bitcoin that still on panicking and always have a negative thoughts even they know the fluctuation of bitcoin base on what are you saying that the biggest fall and rising so it means their is a time that bitcoin will fall like what happen this year but also their is a time that will rise so it means we need to be patient because after of this big fall their is also a bid rise of the bitcoin value.

[nellakarisma]

that's really true bro. but I have considered such an event in the world of cryiptocurrency. so don't be surprised if you see becoming a millionaire in the near future. and suddenly become poor in the near future. because investing in cryiptocurrency

[Twentyonepaylots]

" Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user-to-user on the peer-to-peer bitcoin network without the need for intermediaries. " - Wikipedia

This post is exciting demonstration of how Bitcoin investors can give someone a run for their money, if they HODL their investment perfectly timed.

source:
https://cointelegraph.com/explained/the-biggest-rises-and-falls-of-bitcoin-explained
"

1.November 2011
A sharp fall in the early days of Bitcoin.

June 2011 had seen Bitcoin’s price hit about $32, falling precipitously to $2 over the course of five months — that’s a 94 percent drop. Many investors, unsure about what to expect in the crypto world, decided to cut their losses and get out of the Bitcoin game altogether — and these same people will now be kicking themselves that they didn’t ride out the correction, as they would have undoubtedly been multimillionaires by now.

2.November 2013
Arguably the most famous decline in Bitcoin’s history.

Toward the end of 2013, the price of a single Bitcoin was about to reach $1,200 — modest by today’s standards but a big deal at the time. In the preceding weeks, a United States Senate hearing had buoyed the market by concluding that Bitcoin held great promise, and even China’s Central Bank had offered cautious approval.

But it wasn’t to last. China then concluded that Bitcoin was not a currency and began to impose restrictions. The bear market certainly wasn’t helped by the devastating implosion of Mt. Gox back in 2014, which saw roughly seven percent of all Bitcoin in circulation vanish. At the time, they would have been worth an eye-watering $473 million. Other distributed denial of service (DDoS) attacks added to the crisis of confidence.

The warning signs first flashed on Nov. 19, 2013, when prices halved in a single day — tumbling from $755 to $378. Although they rallied soon afterward, the end of the month signaled the start of a slump that wouldn’t end for more than a year.

Toward the end of the correction, in January 2015, prices slumped to a paltry $150 — and the ramifications have lingered for years. Overall, prices tumbled by 87 percent over the 411-day ordeal.

3.April 2013
Percentage-wise, one of the biggest falls in Bitcoin’s value.

With dizzying speed, the cryptocurrency managed to swell to a price of $260 in a bullish market, as exchanges blossomed and trader numbers boomed. But as Nelly Furtado once said, all good things must come to an end. The price tumbled down to $45 in the space of two days — a decline of 83 percent. Even roller coaster rides aren’t that brutal.

4.December 2017
Bitcoin has had startling highs as well as lows.

Over the course of 2017, Bitcoin grew by a dazzling 1,950 percent — going from $974 to $20,000 in the space of a year.

Back then, as this article from Cointelegraph at the end of last year shows, there were warnings from certain commentators that a bubble was looming. Perhaps it would have been prescient to remember the wisdom of Nelly Furtado at the time. That said, crypto advocates continue to maintain that the volatility of Bitcoin can be as much of a help as a hindrance — and believe that, one day soon, it will perform in line with the glory days of 2017.

5.November 2018
What is it about Novembers?

Over the course of 2018, Bitcoin has had an annus horribilis — with prices tumbling by more than 83 percent when compared to the all-time high of $19,783.

This is worse than the Nasdaq’s plunge when the dot-com bubble burst in the U.S. — and it has also delivered catastrophic consequences for many other digital currencies, which have now been rendered worthless. This is because the fate of many coins, and indeed other cryptocurrencies, is tied to blockchain in some way or another. Just take a look at Ethereum as a case in point, which has tumbled from $1,400 toward the start of 2018 to about $110 at the time of writing.

To get an idea of the enormity of this drop, Bitcoin hadn’t dipped below $4,000 since September 2017 before November’s bloodbath began. In the space of a week, Bitcoin Cash plummeted more than 56 percent — and was even overtaken by EOS briefly from a market capitalization perspective, leaving it relegated to the fifth-largest coin in the marketplace.

Following the ups and downs of the crypto market doesn’t need to be a daunting experience. Keeping an eye on the news can help ensure that you stay one step ahead — and get an idea of when major events are going to have an impact on prices. Sites such as Coin360 have also been making the market easier to navigate — offering a visual representation of cryptocurrencies and coins in real time. The size of each graphic reflects the cryptocurrency’s market capitalization — with prices and percentage changes illustrated in red and green so enthusiasts can see where the industry is heading at a glance.

Just like what they said " HISTORY REPEAT ITSELF "

I am not encouraging everyone to Invest or any kind of course its all up to you! but you can always learn something by learning little history about bitcoin.

Think ahead about the future of your investment.

Are you ready to keep it ? or are you targeting something else.?

GOOODLUCK MATE!!:)

No matter where it goes all people only want it to go upwards and when the prices go down a lot of people will be crying. Obviously they don't fit to be an investor.

Wow.. what a beautiful illustration of data on the rise and fall of Bitcoin on the crypto market. There are a lot of issues affecting the ups and down of the crypto market on the recent activity contribute to high volatility of Bitcoin. The good news is the market correction always follow after such glitz.

[cahbagus555]

I am agree that we should hodl our bitcoin for long term. History teach us that bitcoin always volatile and after that, bitcoin price growing more bigger. I am believe hodl strategy is best strategy in bear market

[andthereyou]

We have to agree that history keep repeating itself. Bitcoin usually bottomed at 80-90% of its all time high. Thus by observation, we are near bottom. Good time to buy now.  

[kucritt]

when we see the histoy we can see that the price of bitcoin is drop and rise, drop and rise, so in this situation bitcoin price drooping is normal and i think the price of bitcoin will increase soon

[bayu7adi]

whether by looking into the past, can you ensure the future?
Not that easy, bro. Cryptocurrency is not only you who control, but there are still many people in America and China who have a vital role in the growth of cryptocurrency
if the past can determine the future, then of course the volume of trading in bitcoin today is the highest volume, because people have got the certainty of the future that I think is very impossible for ordinary people, only people who have the best connections, who know about the future of bitcoin

[TopT3ns]

We have to agree that history keep repeating itself. Bitcoin usually bottomed at 80-90% of its all time high. Thus by observation, we are near bottom. Good time to buy now.  

At least buy now still better than complain and blame bitcoin for get down until now. Some new people who bought at high price maybe not research from where bitcoin price start.

[Reid]

Correct. A lot of analysts are saying the same thing. History repeats itself. It did happen already. So what do you guys think will happen next?

Isnt it obvious already?
This institutional investors will be eyeing at the most cheapest commodity or currency to keep their money safe from another bubble in stocks or equities.

They will be enjoying to find bitcoin as their vault.

[StrangeDominic]

this is a great sharing. a newbie can read it and choose the right way