Historic BITCOIN crash

[Ridwan Fauzi]

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 don't know exactly. Because every crash must be caused by some things. As in 2018, with the popularity of bitcoin has made the country to immediately regulate it, and after knowing what is bitcoin they forbid it. And the latest information is facebook prohibits to promoting about ICO and cryptocurency. Your question about will continue or not depends on the information that comes to bitcoin or cryptocurrency. In fact, for 2018 many big companies decide not to work with bitcoin, I think this is very bad news.

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[tuskacz]

Bitcoin is overpriced. If people hold bitcoin will never reach $20k. We should sell.

[ChickenDuck]

From this history, we can see that the biggest crash was: 2011 jun- Nov: -97%---> From $ 32 to $ 2; so shock.

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?

[Googlegenius]

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?

How i wish I already knew bitcoin in 2011. I  should be rich by now.

[batang_bitcoin]

Those panic sellers should know about this chart, taking back the time each year that there are crashes that happened to bitcoin. And for those who experienced this before will just this as something that is not so special but a very normal thing.

Bitcoin is overpriced. If people hold bitcoin will never reach $20k. We should sell.

Overpriced? it was at $19,000 before and now at $9,000? Do you think it's overprice?

[spadormie]

You're right. Because this certain phenomena is happening all the time!! What should we do by this? We should try to proceed in buying more bitcoins! That is probably the best way for you to gain more profits. Get a position and hodl.

[Wandika]

You're right. Because this certain phenomena is happening all the time!! What should we do by this? We should try to proceed in buying more bitcoins! That is probably the best way for you to gain more profits. Get a position and hodl.

It was only noticeable now, since many were into knowledge of bitcoin this year, there are newbies who thinks they already losed alot, been holding btc for long and the only crash that seems hard for me before is from last year and see how it moves after that crash, just hold everything will be alright soon.

[zarados]

There are not really any bad news that are driving this, my conspiracy theory is that there will be a breakout soon and whales are pushing the price down now, to scare the speculators and the newbie traders. They need to buy more cheap coins and the only way to get people to sell their coins, is for them to artificially create a fake "dump".  ^hmmmmm^

Once the price reach a very low point, they will quickly buy up these cheap coins and more newbies and speculators will be pushed out of the market.

I agree, maybe this looks like a manipulation of bitcoin prices, but with the aim that they can buy more BTC at a cheap price and get rid of the instant gain seekers. Well, after making "fake dump", turn the speculators and the newbie traders who become victims. this proves that investing in bitcoin is not as easy as they have in their minds. The winner is the one who managed to survive.

[menggay16]

Where did you get that Historic list?

Can you be sure that is the real price of bitcoin in the past that crashes down?
Or is it your own speculation?

For me Bitcoin still has the price to believe I can still get it back.

[acell101]

Well, only expert knows about that, but I think in the long run, we will always see a little bit of an up move, and then a dip down. Let just continue and believe in Bitcoin.

[sangwookie]

Yeah, I bought in years ago and forgot about them until they made news at the $5000 USD level. Since then, I have learned a lot about the market and I have become a very patient trader in order to build up my positions. I have dabbled in other cryptos but who knows how many of them will survive the week or even the year. If you are afraid of the crash, cash out and keep some FIAT.

[cosmoo]

it's okay that bitcoin falling time to time. It always coming back to it's price and than higher. It's all okay and we need just wait or maybe invest

[chidrawarster]

It's a very good analysis of the past but we all have to be aware that this is a very volatile market and we need to maintain our portfolios accordingly. Hope in the future bitcoin will again reach the level highest it reached earlier and aiming more r heights. Optionally other altcoins also will start getting boom of there is proper back up of product or technology for the altcoins to survive in a longer period.

[Wallflower28]

This is just his analysis when we come back with the history of bitcoin and I think it always happen the same thing. The history always repeat itself but then, we cannot say that this is really true.
I think the price of bitcoin will go the same way because it is a conspiracy of the whales in order for them to gain more profits.

[jakelyson]

if based on these figures, it can be assumed that 2018 we can expect a good growth! according to some we can break through the resistance line and descend to 8000, after which rapidly go up! I'm counting on such an outcome!

Do not expect too much, history does not guarantee future results. You can base your investments from it but it is not a sure thing. You still have to get updates always and read the news to know if it will still go the same trend.

[bitcoinburst]

Nice summary! Maybe today with CME futures is the next partial crash day?
Here is a fun web to vote for when the next major crash could be:

http://whenwillbitcoinbubleburst.cognitionis.com

 

[AmericanBit]

It is impossible to make predictions related to bitcoin, and I cannot say that we have crash of bitcoin now, I think we just have after boom stagnation. That's it.

[Kigwa143]

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?

Thank you for this information so far right now Ive got an idea on what happens to bitcoin price 7 years ago.So far right I even if I know the summary I am still afraid because we cant predict what will happen to bitcoin this year so I hope that bitcoin wont be gone so that many people will continue to earn for their future.

[sukamasoto]

For me it's the risk of bitcoin investment so people may aware of bitcoin crash and uptrend everytime.
But in other side , bitcoin able make you , profit more than you can earn in 1 month ( salary )

I'm still have faith on bitcoin so just keep hold it !

[minnerETN]

Bitcoin is overpriced. If people hold bitcoin will never reach $20k. We should sell.

Why do you think it can not reach the $ 20,000 price? If everyone thinks like you and sells everything, they have here it will be a bad thing. The thought is that this stupid choice makes Bitcoin prices go down faster instead of going up again.