Historic BITCOIN crash

[TERA2]

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?

You forgot the big 2014 crash from $1250 to $380 and ultimately $160. And why are you including tiny dips from 2017 and 2012? None of those are crashes - those are interim corrections within a bull trend. We are just NOW exiting a 2 year bull trend and should see something of greater magnitude from ATH like 2011 and 2014..

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[NavI_027]

Now, I'm relieved somehow because I already know that the dip happening these days seems much milder than before (based on those data you gathered). My confidence on btc's recovery boost a lot because if btc survived after those horrible downfalls sspecially on the year 2011 where its price dropped up to 97℅, then I'm pretty sure that btc will do it again since today's dip is not too big.

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?

Actually, we can't accurately predict if this dip will continue or not but I guess the recovery of btc will happen by middle of this month. Well, I think both sides are still favorable for us because we can be able to buy more coins if btc will continue dropping and the wait for withdrawals is finally over if it pumps.

[Protected101]

So it was a historical for crashed down of bitcoin,sooner or later it will be recovered again and back for increasing of price.Now we know already that it was happening again but it will be back for pump and I am sure that in the middle of the year the price will moving on.

[Dodoymabs]

My basic rule for bitcoin dump is! no matter what happened to the prices, just hold tight to my bitcoins and never even think of selling them. And they always gives me nice price boost after every dump.

I do sympathize with you, even though I am now a little bit worried about this current value but whatever happens I do trust my faith that bitcoin will soon rise again. Additionally, this is the time traders has the chance to buy btc while it was low. And I think many are waiting for this moment or many were surprised by this sudden drop.

[dinofelis]

This time, bitcoin definitely did not crash as much as 2013 or 2011.

Not yet, but the 2013 crash lasted until 2015 to go down from 1200 all the way to 200.  With bull traps, yes.
In fact, what is remarkable in this crash, was not so much the downward motion.   The truly remarkable aspect was that after the pyramid game collapsed, it took of again.  So there's hope for yet another bubble, but first, we'll have to go really seriously down, and "lose all hope".  When all hope is gone, bitcoin will look like "money" again, people will gain interest, and the next bubble can start.

[gabmen]

My basic rule for bitcoin dump is! no matter what happened to the prices, just hold tight to my bitcoins and never even think of selling them. And they always gives me nice price boost after every dump.

I do sympathize with you, even though I am now a little bit worried about this current value but whatever happens I do trust my faith that bitcoin will soon rise again. Additionally, this is the time traders has the chance to buy btc while it was low. And I think many are waiting for this moment or many were surprised by this sudden drop.

A correction is expected.of course after the 20k run last december but i don't think many considered it to be this severe. I didn't. But yeah i don't think this should cause us any worries since history's got our backs and clearly, it shows that we should recover strongly. Though hearts have been broken before by too much expectation to i'm a bit wary.

[zarados]

The current market condition is staggering with the difficulty of the market to break the $ 10k mark. Can It be a sign that there will be a subsequent low tide after a few days ago had dropped to about $ 7k? Nevertheless, the $ 9k point has become an excellent entry point considering the last bitcoin ATH is $ 20k and it's already crashed more than 50% from the last All-time high.

[btc_angela]

The current market condition is staggering with the difficulty of the market to break the $ 10k mark. Can It be a sign that there will be a subsequent low tide after a few days ago had dropped to about $ 7k? Nevertheless, the $ 9k point has become an excellent entry point considering the last bitcoin ATH is $ 20k and it's already crashed more than 50% from the last All-time high.

I think the other way around. If we stablizes at this current price of $9K then I'm sure more investors will come in because they will see that the market has somewhat settled down from a tough month in January. I don't think that this is a case of another bull trap, we have seen enough and this crisis is over unless another bad news enter the picture.

Yes, this is really a excellent buying point. Still not late to buy at this time. And as you have pointed out crashes like this resulted in a big price increase hitting all-time-high.

[tee-rex]

This time, bitcoin definitely did not crash as much as 2013 or 2011.

Not yet, but the 2013 crash lasted until 2015 to go down from 1200 all the way to 200.  With bull traps, yes.
In fact, what is remarkable in this crash, was not so much the downward motion.   The truly remarkable aspect was that after the pyramid game collapsed, it took of again.  So there's hope for yet another bubble, but first, we'll have to go really seriously down, and "lose all hope".  When all hope is gone, bitcoin will look like "money" again, people will gain interest, and the next bubble can start.

It seems like you completely discard altcoins which are still present in the picture somewhere. Let's face it, Bitcoin is not quite up to date right now. LN may solve a bunch of problems, but how long will its deployment take? If the whole market goes down, a few alts may eat a solid chunk of Bitcoin's pie. Oh, wait, isn't that what they have already been doing all this time? Anyway, it would be interesting to see how things are going to unfold in this department when "we'll have to go really seriously down and lose all hope". See you there.

[hynext]

Actually this is history of bitcoin and never afraid to invest because we are known his volatility. It's always crashed but it is recovered. So please hodl never do panic selling on your bitcoin. For better and for worst I will invest on bitcoin.

[malikusama]

Many of the panic sellers will take lesson from this history view, don't expect a smooth rise in cryptos as always new comers are expecting. Bitcoin is highly volatile and will always remain volatile, we will see many major dips in future too as the community is expending.

[Febo]

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: -66%---> From $ 19,783 to $ 6,789

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 edited your data a bit to most recent. It seems we were part of quite a big crash that took so far 6 weeks. Only two was bigger and both were because of some exchanges malfunction.  We are definitely writing the history right now.  But on other hand this was expected from the unstoppable and unbelievable growth at last 3 months of 2017.

[jertsy]

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: -63%---> From $ 19,783 to $ 7,324

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 edited your data a bit to most recent. It seems we were part of quite a big crash that took so far 6 weeks. Only two was bigger and both were because of some exchanges malfunction.  We are definitely writing the history right now.  But on other hand this was expected from the unstoppable and unbelievable growth at last 3 months of 2017.

It's still worth more than three times what it was in December. Imagine what the 2011 crash felt like when it ended being worth sixteen times less than the ATH. That was the main historic crash. Compared to that this is a correction.

[topper26]

many folk predicted this, one even said bitcoin will trade at both 6k and 60k this year. well we are at 6.8 now! lol

shit this sucks no doubt about it but i am buying and holding, not even thinking about selling, i'll go down with this ship but then rejoice when this rocket blasts off

[jertsy]

many folk predicted this, one even said bitcoin will trade at both 6k and 60k this year. well we are at 6.8 now! lol

shit this sucks no doubt about it but i am buying and holding, not even thinking about selling, i'll go down with this ship but then rejoice when this rocket blasts off

It's better to buy now than when it was an the ATH. Keep buying each time it goes down and hodl. Don't think about selling until it goes back up to a new ATH.

[Febo]

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: -66%---> From $ 19,783 to $ 6,789

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 edited your data a bit to most recent. It seems we were part of quite a big crash that took so far 6 weeks. Only two was bigger and both were because of some exchanges malfunction.  We are definitely writing the history right now.  But on other hand this was expected from the unstoppable and unbelievable growth at last 3 months of 2017.

It's still worth more than three times what it was in December. Imagine what the 2011 crash felt like when it ended being worth sixteen times less than the ATH. That was the main historic crash. Compared to that this is a correction.

Slow down. One crash at a time. First we need to break the April 2013 crash to start dreaming of the big 2011 crash.  No need to jump crashes ahead.

[Izarok]

It's all a part of the price discovery cycle, as the price still seems to be pretty much based off news/speculation still. We're still ending way higher then where we started every time we crashed.

I also notice this trend. In every Q1 of the year there will be certain points where pricing will plummets real hard and then slightly comeback stronger in Q3 to Q4. There are a lot of FUD and clamping of trading all overall the world since most of the government wants a piece of it. I believe we will recover and we always will.

[Febo]

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: -94%---> 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: -69%---> From $ 19,783 to $ 6,048

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?

-69.43% now.  Still 10% behind the second biggest crash. What sounds little but it is a lot. Bitcoin will need to go to $4000 for that what I think is peaty much close to the bottom we will see in upcoming months.

[Sir Cross]

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.

As compared to the past year, the price of bitcoin is still very high. People have overreacted to the price drop because they were overwhelmed by the near $20K marker last 2017. Especially for people who are just new in the cryptoworld and bitcoin scene, they are very much affected by this price drop having experienced the rapid price climb last December. By assessing the price chart, you can tell that the price is still in good shape despite that the trend for now is going down.

[Clement Kaliyar]

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 liked the historic dates and there are many more crashes in history from what you have mentioned,but what ever may be the case the price of bitcoin will recover and that is going to be what is going to happen in the future,now we have the world's attention and when every country comes up with their regulation,the market will start rising again.