45% drop - this is new territory, never seen before

[Wilhelm]

Sit back and enjoy the ride ....

[1715242578]

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[NiceSoft12]

Yeah, Bitcoin is entering a long long bear market again. The patterns are all there.

Remember leading up to the previous bubble that lead btc from $100 to $1200? It was all predicated on good news such as BTC mutual funds, Winklevoss Exchanges, etc.

When the good news actually came to fruition, the price just started crashing and BTC entered a long long bear market.

The exact same pattern is happening right now in every way. The Japanese exchanges are like the new Chinese exchanges, which reached a ATH before other exchanges, a nonchalant bad news was just the tipping point, etc.

Carbon copy of the last crash....

[darkangel11]

There has never been a drop like this in such short time in the full history of Bitcoin.

Ever.

2013 - 1200USD, there hasn't been a rise like this, ever!
2014 - Gox dead, there hasn't been a scam like this, ever!
2014 - we're at 100 USD there hasn't been a drop like this, ever!
2017 - June $3000, there's never been a rise like this, ever, it's a bubble!
2017 - September $5000 it's a bubble, it's going to correct!
2017 - November $7000 all newbies start to go in. Money money! We'll be millionaires! $_$
2017 - December $13000 "my friend bought w weeks ago and now he's $6000 richer, quick woman, pack your shit we're selling the house!"

I will never put my money in bitcoin, EVER. Bitcoin stinks!  

[ayeshakakolly]

i think it will recover after crishmash. So don't worry.

[Biodom]

OP posts the same on multiple boards.

A Simple retort:

https://www.investing.com/currencies/btc-usd-historical-data

Example: $230 to $93 between April 9 and April 13, 2013. Less than 100hr, about 60% decline.

Case closed.
To OP: You need to stop spouting this as other people already pointed you in the right direction.
If you continue, than malicious agenda is a likely explanation.

[Slow death]

In less than 100 hours the price dropped from 19.700$ to 10.890$. That is a 45% drop.

There has never been a drop like this in such short time in the full history of Bitcoin.

Ever.

"volatility is normal in crypto" I hear many say. But not like what we see today. We have never ever seen anything like this.

Such a big drop in the price of bitcoin as this is something scary, imagine the people who are entering the world of bitcoin early, those people with the highest expectations buy bitcoin at a price of $17000 and in less than a week the price drops for $12000, how should these people be feeling? disappointed, I expect the price to recover in the coming months.

We are being ripped off and BTC is not moving in the direction that it was designed to move.

Who is stealing us and what direction should Bitcoin take?

[Dreamr]

a few _days_ ago it gre by 1000$ in some 2 minutes. 120 seconds. Is it _really_ unseen territory?

Also, I recall a 50-some% drop smetime in 2011... guess most people don't go that far back?


Oh, not to mention the collapse in 2013?

Only newbies with no bitcoin history will be shouting about the "Christmas Crash" - What is happening right now is as a result of what is called the market correction, and very soon the bitcoin will recover. therefore, i see no reason for shouting about anything.

[pixie85]

We are being ripped off and BTC is not moving in the direction that it was designed to move.

Who is stealing us and what direction should Bitcoin take?

Don't you know? Them! Those people who control the price. They made us buy, hyped it all, pumped the price with their billions and now took it all out!
They have manipulated us and are now rich and we are poor!

[coinplus]

a few _days_ ago it gre by 1000$ in some 2 minutes. 120 seconds. Is it _really_ unseen territory?

Also, I recall a 50-some% drop smetime in 2011... guess most people don't go that far back?


Oh, not to mention the collapse in 2013?

I really wonder. I guess he is new and I am sure he did not really do much research. This is normal, it was expected and we have seen it before after a high level of insanity by the bulls. There is always a time for everything and for everyone. A time for the bulls and a time for the bears, a time for ATHs and a time for dip. It is all the way the market is fashioned and it is good we are having this now as we really need some huge level of sanity.

BTC is having insane increase within minutes and everyone was happy busy seeing huge profits and no one bothered to talk about that insane increase and why it is not cool but now we have some few drops in percentage and we are seeing new territory ? lol. You have not really seen anything bro, welcome to the world of new territories if that is what you want to call it.

[TERA2]

In 2014 it flashcrashed from $600 to $100 in minutes

I think OP is joking though

[ethereumhunter]

In less than 100 hours the price dropped from 19.700$ to 10.890$. That is a 45% drop.

There has never been a drop like this in such short time in the full history of Bitcoin.

Ever.

"volatility is normal in crypto" I hear many say. But not like what we see today. We have never ever seen anything like this.

but we have seen the price increases higher too and the highest price is $19,700. if you say that the price has never been a drop like this, then we never see the price increase too high like a few weeks ago. but I still sure that the price will be back again and will reach another higher price.

[timerland]

In less than 100 hours the price dropped from 19.700$ to 10.890$. That is a 45% drop.

There has never been a drop like this in such short time in the full history of Bitcoin.

Ever.

"volatility is normal in crypto" I hear many say. But not like what we see today. We have never ever seen anything like this.

And now we've rebounded back up to $14500 so what's your point?

Volatility is normal in crypto and every single person who trades crypto knows that risk. There is always a risk that your position will get liquidated or whatever the next day because of a flash crash, but right now we're looking to recover from this flash crash.

It's definitely not the first time we've seen it. There are at least 2 instances this year, where the same thing happened. First you've got the time when price was nearly $5k, back to $3.2k within a day or two. That's 40% or so. Then, price rose to 7.4k and back down to 5.7k. So you saying that it's the first time we've seen this, is simply false.

[deisik]

In less than 100 hours the price dropped from 19.700$ to 10.890$. That is a 45% drop.

There has never been a drop like this in such short time in the full history of Bitcoin.

Ever.

"volatility is normal in crypto" I hear many say. But not like what we see today. We have never ever seen anything like this.

This is what I've been telling literally for years now

But people are stubborn in their pipe dreams, wishful thinking, and obsessive imagination. You could read it here and there now and then that with Bitcoin prices rising volatility should eventually decrease. Nothing is farther from truth than that. With higher prices we are set to see even higher, runaway volatility. This is sort of a given given the limited monetary and market supply of bitcoins. There is no escape from that. Well, at least not until over 90% of coins are used for real commerce, not for rampant speculation as the thing is. But this is even farther from reality than Bitcoin volatility going away

[flashbit]

thanks for this chart iram1011, it's always good to put in perspective. Regard to it this 45% is nothing. And it's already on the way to recover.

Do you have the same one with pump ?

[adzino]

Actually I am glad this happened. They was a much needed drop. People who invested earlier has now cashed out their profits. Now others are getting their chances and we might be able to reach a new all time high with more stability. And don't forget, we have also seen a 40% crash on September but the price did recover soon.

[buwaytress]

There has never been a drop like this in such short time in the full history of Bitcoin.

Ever.

2013 - 1200USD, there hasn't been a rise like this, ever!
2014 - Gox dead, there hasn't been a scam like this, ever!
2014 - we're at 100 USD there hasn't been a drop like this, ever!
2017 - June $3000, there's never been a rise like this, ever, it's a bubble!
2017 - September $5000 it's a bubble, it's going to correct!
2017 - November $7000 all newbies start to go in. Money money! We'll be millionaires! $_$
2017 - December $13000 "my friend bought w weeks ago and now he's $6000 richer, quick woman, pack your shit we're selling the house!"

I will never put my money in bitcoin, EVER. Bitcoin stinks!  

Indeed, you just have to go digging into the old threads and even old media reports (I say old but they're really just less than five years ago!) to see all the same emotions played out over the years. From disbelief and unbridled joy when Bitcoin went from $5 to $50 (I think that was the first mention of a bubble) crushed spirits when almost overnight China real news brought Bitcoin from a mighty high of past $1200 to humbling hundreds.

When I properly entered last year, people were generally upbeat about Bitcoin, just patiently waiting for it to build back up to $1k again. Of course, Ethereum and other alts were the ones making news, with DAO and Monero/dark market chatter dominating. Not a single person I'd met believed a recovery was ever on the cards so soon.

Recovery? Crash? It's a rollercoaster, it'll always be one. Let's try and remember to enjoy the ride.

[jeanpierre]

I think there is bigger drop than this before, I dont know when but I am pretty sure there is. Also I view this dip as a healthy correction, a lot of people want to buy at around 10 000$ but the price went up too high too fast. Now they have a chance to buy bitcoin at a cheaper price than 3 days ago. Also bitcoin is all the way up again with all the altcoins, this is going to a fun ride

[dothebeats]

Such a big drop in the price of bitcoin as this is something scary, imagine the people who are entering the world of bitcoin early, those people with the highest expectations buy bitcoin at a price of $17000 and in less than a week the price drops for $12000, how should these people be feeling? disappointed, I expect the price to recover in the coming months.

There have been far worse cases back in 2011, 2012 and 2013 that you and OP are missing. 60% declines are normal back then and the people aren't even panicking. It's not a problem, and there are penny stocks that experiences the same damn thing every day but no one bats an eye on them. Those people panicking are either newbies or weak-handed. We've experienced far more crazy droughts and downtrends than most new members in here. We're not even panicking, in fact, we're just holding and buying more.  

[JimboToronto]

May I please call bullshit on this entire thread?

This dip is not the biggest nor steepest dip in Bitcoin's short history.

Many long-term holders will remember the afternoon (UTC) of April 10, 2013 when the price fell by over 60% in less than 7 hours.

That dip from $266 to $105 was just the start of a 2 day drop all the way to $54.24, a drop of almost 80%.

It was a gut-wrenching experience for many, but some of us gained solace from remembering the crash from the Great Bitcoin Bubble of 2011 and how we eventually surged on to newer highs, and steadfastly held on to our coins.

This was long before the word "hodl" had been drunkenly coined after the second 2013 bubble. Anyone who hadn't learned to hold by then is a fool.

OP, get your facts straight before spewing nonsense.

[DooMAD]

May I please call bullshit on this entire thread?

(...)

OP, get your facts straight before spewing nonsense.

Given the OP's post history, I'm starting to get the impression it might be deliberate.  At the very least, there's a distinct trend of threads that could potentially be construed as FUD.  Still, Bitcoin is more than a little resilient to being undermined by the efforts of its detractors, so it doesn't really matter either way.  FUDers gonna FUD and the 'ignore' button is there if you need it.