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Author Topic: Lesson - History of Bitcoin crashes  (Read 466 times)
hieuho381
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February 07, 2018, 02:07:14 AM
 #41

The annual depreciation is repeated, you can track this cycle in the bitcoin candlestick chart. So the thing that investors need to do now is calm down and keep your good crypto, sold out now that you have become the whale bait.
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February 07, 2018, 02:19:58 AM
 #42

''Bitcoin has spectacularly 'died' several times

📉 - 94% June-November 2011 from $32 to $2 because of MtGox hack

📉 - 36% June 2012 from $7 to $4 Linod hack

📉 - 79% April 2013 from $266 to $54. MTGox stopped trading

📉 - 87% from $1166 to $170 November 2013 to January 2015

📉 - 49% Feb 2014 MTGox tanks

📉 - 40% September 2017 from $5000 to $2972 China ban

📉 - 55% January 2018 Bitcoin ban FUD. from $19000 to 8500

I've held through all the crashes. Who's laughing now? Not the panic sellers.

Market is all about moving money from impatient to the patient. You see crash, I see opportunity.

You - OMG Bitcoin is crashing, I gotta sell!

Me - OMG Bitcoin is criminally undervalued, I gotta buy!

N.B. Word to the wise for new investors. What I've learned over 7 years is that whenever it crashes spectacularly, the bounce is twice as impactful and record-setting. I can't predict the bottom but I can assure you that it WILL hit 19k and go further beyond, as hard as it may be for a lot of folks to believe right at this moment if you haven't been through it before.

When Bitcoin was at ATH little over a month ago, people were saying, 'it's too pricey now, I can't buy'.

Well, here's your chance at almost 60% discount!

With growing main net adoption of LN, Bitcoin underlying value is greater than it was when it was valued 19k.''

-xcryptogurux

Wow thanks for the information. Some people are waiting for this time of bitcoin crash to buy some at affordable price. Only new in crypto are afraid to risk their money at the time of dip. We cannot please everybody to listen but its up to them to grab this rare opportunity to buy at a lower price.

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February 07, 2018, 05:15:32 AM
 #43

The crashes doesn't affect the long term holders and the investors who really believe in bitcoins,the history always shows that price of bitcoin will recover even after the severe crashes.So it will now recover too.I hope this time the crash might end soon.Because already a big wave in the price bump in all the crypto currencies which is happened sharply at the same time.So people hold you crypto currencies or you will worry later.I am really trying to stop the FUD around the forum which was created by the bitcoin haters.This kind of thread really help with that.
If we start observing the market value of the bitcoin since the time this was introduced to this world, then we’ll notice this thing that this is not the first time we are experiencing this downfall or crash. Similar kind of events happened in the past too and after that.

The market value of bitcoin increased as well. So we just need to wait and watch until these dark days will get over and the market value of bitcoin tends to recover once again.
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