Historic BITCOIN crash

[omerL]

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?

crashes are coming often in Bitcoin and this why I am not afraid now. it always have crashes and it always start to go back up.
I believe he will stay here and also i think it will have in the future more crashes.

[frowsiter]

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?

Okay this one makes sense but could have been better if you would have added the source to check the numbers in detail. Its actually pretty good effort that you made, its just giving lot of efforts after looking at these numbers!

Well, what I saw the very first time is which year is having the most downfall, and guess what its not year 2018, thats a big relief, lolz! 

So the mega downfall was in the year of

2011 jun- Nov: -97%--->  From $ 32 to $ 2

and

2013 Apr 10: -79%---> From $ 266 to $54

so you see we still got very big window and can easily go through this bad phase we are going through. Loved your work man. :-)

[HasHe]

Definitely,this could not be termed as a crash because the price has just risen within a month from $5,000 to $20,000.So,this fall is much expected earlier.Earlier this price hike was mainly due to wallstreet fat boys like CME,CBOE launching bitcoin futures and not any other solid reason.

But the critics and big whales would enjoy this price fall and zoom it much bigger to create panic among new investors and harvest once again cheap bitcoins.

I would say that bitcoin price is just getting stable.

[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.

As per your statement it's seems some people are trying to make other people get bankrupt with that way , I don't think the market run as easy as like that. It's okay that's your theory. Fundamentals nowadays has big impact to the Bitcoin market, look at how the price of bitcoin soaring once korean exchange announced they would operate soon ,  back at the end of 2017. But this time I'm not sure the crash happened due some people create a panic atmosphere just like your general theory , it could be due the real huge selling occurred right?

From your point of view, it is true that there has been a massive sale since bitcoin reaches nearly $ 20k, then supported by the issue of south Korea that will ban trading, steam decisions not to use BTC because the fee is too high, the issue of the hacked Nicehash , and lastly about hacked one of the exchange in Japan who lost about $ 400k. It all exerts its influence slowly, and without anyone realizing the price is back to the $ 10k point.

[pxo.011]

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?

well in my opinion if its true we should buy bitcoin it is the perfect time and make some strategic trading for further income goodluck to the crypto world

[Lucius]

Maybe this last crash or correction is not the largest ever in %,but in lost fiat value is the largest so far and certainly can not be measured in that terms with 2011 or 2013.How price grows corrections will probably be more pronounced in %,but also in fiat value of BTC,so we can expect more than 50% or 10 000$.Though some say that with time volatility of BTC will be much less than today,I think that time it's still pretty far away.

Okay this one makes sense but could have been better if you would have added the source to check the numbers in detail. Its actually pretty good effort that you made, its just giving lot of efforts after looking at these numbers!

Well, what I saw the very first time is which year is having the most downfall, and guess what its not year 2018, thats a big relief, lolz! 

So the mega downfall was in the year of

2011 jun- Nov: -97%--->  From $ 32 to $ 2

and

2013 Apr 10: -79%---> From $ 266 to $54

so you see we still got very big window and can easily go through this bad phase we are going through. Loved your work man. :-)

If you want to check more in detail about historical price events I find something interesting for you,all events that impact BTC price from 2010-2017.

https://99bitcoins.com/price-chart-history/

[BitcoinPanther]

I believe this is what we called volatility, since price of bitcoin depends on the speculative market and can be easily affected by rumors, FUD, hype and news of different country's reaction toward it.  Aside from that, it has been observed that mostly these crash is either schemed by the whales to get more Bitcoin and more seldom due to the market demand.  Anyway, this historic event of bitcoin crash should be known by every investors so that they will know that everytime Bitcoin crash, it always comes back and breaking its ATH setting new price record.

[jlaw007]

SO it looks normal, and it is. Very informative regarding the price history and all, so thanks. The price would really dip if there is a low demand but btc is convenient exchange alternative and is tax-proof, so it will not really go down down since it is very useful.

[chess888]

SO it looks normal, and it is. Very informative regarding the price history and all, so thanks. The price would really dip if there is a low demand but btc is convenient exchange alternative and is tax-proof, so it will not really go down down since it is very useful.

"Down down", "major major"?
In reality, companies/industries grow depending on the demand, legal or illegal. Bitcoin is supposed to be a means of exchange, money alternative, etc. Just like FoRex, it sounds ridiculous to buy japanese yen or pound or etc. but some people do, forecasting the value to increase, then converting back if it does. The purpose of money is for exchange supposedly"(Joey-Supposably, LOL), e.g. buy this, buy that, pay for this, etc. but then someone thought, "Ooooh, I can make money out of that other kind'a money". They have extra, they buy that other money but still they use money for buy this and that, hence, exchange. That purpose of bitcoinis its main purpose, so, it can only grow, in the long run.

[MCVXYZ]

This is a historical evidence,Bitcoin has proven remarkably successful in organizing technological activities,despite the fact that bitcoin has no link with any other 'real' economy its the most tradable technological invention today,individual consumers,business firms and other agencies participate in the crypto market because they have trust,Bitcoin price is equal to people's trust and this trust is rising,and this is a statistic,only number because,I personally  know that inflation in this situation is just an experience,inflation is phenomenon which is characterized for all the demanded products.

[gabmen]

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?

Even if it continues, i don't think that many people would mind anymore. The weak hands have been washed out most likely and what we have are holders and believers of btc who are well aware of these drops and are making a good opportunity out of it.

[bitcoinvamp]

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?

Its good that you stated the statistics from past years as many people in the forum are just worrying too much cause maybe some are new to the forum so some don't remember the stats you stated. By reading this they would get to know that worst have seen in the past years so there is nothing to worry about. And every year there has been a decent percentage of increase at the end of the year. So, just hold on to your bitcoins and wait as the price is gonna rise .

[fabiorem]

I think it will continue in February, and can drop to 4k in a worst case scenario (and even with that, it would last only some hours).

I will not bet on it though. I nearly got squeezed by that bounce between december and january. I will hold in cold storage. It can revert at any minute and start a intense bull run, without any notice. We dont know what is being discussed at the back of those futures markets.

Also, pay attention to volume. Theres fewer and fewer people selling at the current price. It looks like a group of whales (or even a single whale) is selling low, but they will run short of bitcoins sooner or later. The fees have decreased and people will be able to move their new bought coins to cold storage without too much of a hassle, so the volume can drop easily from the exchanges, which will increase the price.

[Vaskiy]

This has been a major crash in the entire history of bitcoin. It has lead to the drop of value marking a drastic change in the value in a much shorter time period. This has termed to be the reason for the fall the fall in value and marketcap of most of the altcoins listed.

[maxamus]

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?

Its good that you stated the statistics from past years as many people in the forum are just worrying too much cause maybe some are new to the forum so some don't remember the stats you stated. By reading this they would get to know that worst have seen in the past years so there is nothing to worry about. And every year there has been a decent percentage of increase at the end of the year. So, just hold on to your bitcoins and wait as the price is gonna rise .

Yes this statistic brings relief to me and definitely bring relief to all those panic users who are literally crying and gone crazy for a dip as this is not the first time the value has been dipped and this will not be the last dump as well. This time of the year all the regulators and some government have decided to bring down the value of bitcoin so they are coming up with all these useless regulation I doubt they might try to reinvest into bitcoin when the value drops down to the lowest and again cash out once the value reaches high.

[alyssa85]

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?

The actual crash in 2014-15 was much much deeper. It went down to about $208 on Jan 14th 2015. In other words it wasn't a short 49% crash as you are portraying, but an initial short crash, and then a slow bleed downwards. If you owned in early 2014 by early 2015 you had lost about 76%.

If you don't believe me, look at the graph on Coinmarketcap and hover your curser around the early 2015 prices:

https://coinmarketcap.com/currencies/bitcoin/

[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?

We will likely get back where we had started this summer, or rather August, somewhere around $7,000 unless a miracle happens and Lightning Network gets fully activated within the next few weeks. But since it is not very likely, the price has enough momentum to drop lower. Also, we shouldn't forget that the crash we have seen is the strongest after the Gox collapse. It make take very long till we get back on track, and the longer we stay low now, the lesser our chances to rise later. Bitcoin is speculation, and if it fails it is typically game over.

[yanesna3]

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?

As we can see, January is the worst month for Bitcoin, and winter is also the time, when it falls. Hope that BTC will celebrate its triumph in several months at least. I am waiting for its jump, and the price at least close to 20-25K.

[magneto]

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.

[Wilhelm]

Some high-rollers are having fun with Buy/Sell walls.
Eat dem coinz