Lesson - History of Bitcoin crashes

[Crypto Piece]

''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

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[LTU_btc]

If you held BTC through all these crashes, you are really lucky now. Well, HODLers benefited most from that.
I really can't understand all these panic sellers. What's the point to sell at much lower price than you bought, it's against the logic. Now it's easy to manipulate markets - just spread some FUD against Bitcoin and you will see the reaction. There are so many people in crypto world without much experience and they reacting to these news too sensible.
Yeah, now it's great opportunity to step into crypto world. Many people thought that they missed chance to invest into BTC when price was ATH. Now they can get BTC cheaply. When Lightning Network will be implemented it will be too late to invest. Maybe now it's last time to get BTC when it's under $10000

[alyssa85]

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

The Nov 2013 - Jan 2015 crash was the most brutal because it went on so long - 14 months in all. Towards the end I started to think it would range trade between $150 to $250 forever.

The short sharp crashes are easier to deal with because the psychological pain only lasts a few months. Lets hope the current crash is one of the short sharp ones.

[emuLOAD]

This one in particular wasn't really a "crash" (as you said, crashes are "easy" to deal with). That was the one time Bitcoin really did enter the closest thing crypto has seen as a prolonged bear market. and indeed even though 2015 is when it started rising again, we can't say we were truly out 'till quite a bit later.

In general, if you're into crypto in a healthy way, of all these the only event that ought to have registered on your radar is the 2013-2015 item, the rest should have been missed (well, broadly speaking), with perhaps the exception of the Gox hack, because of shere magnitude and implications. (it was very early days, it was reasonable to think it could have tanked the Whole boat).

[Nhebu]

I am not familiar with the bitcoin's crash history but as what I've seen there is a year that bitcoin is almost down. Bitcoin suffered from a great devastation resulting for the investors to pull put their investment and some are panicked selling due to its price. Until they noticed that bitcoin gradually moving up. As of now, some investors are not fear due to the decreasing price of bitcoin but they wanted to hold and buyback as they anticipated what will happen in a months!

[levvv]

Yeah bro. If you look at the history, bitcoin is normal to going down in this months.
I see a positive point of view from you, 'OMG bitcoin is going down, gotta buy the dip'.
Yes, the others who panic because bitcoin price down, has failed to see this opportunities.

[mrsamuelmills83]

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.

wow this is amazing! i knew the history but its different to read it like this. if i had merit points i would have given you some!

[pageraji]

its time to buy more bitcoin and altcoin with fresh money deep on my pocket,,yes its great opportunity,,thanks for the advice

[hoodi]

That's true people always underestimate bitcoin and every time they make the same mistake , sell when it is low , buy when it is high

[emirkalyoncu]

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.

This was nice post I enjoyed it.I hope that bitcon recovers and goes through the new all time high record.

[Fondago]

If you held BTC through all these crashes, you are really lucky now. Well, HODLers benefited most from that.
I really can't understand all these panic sellers. What's the point to sell at much lower price than you bought, it's against the logic. Now it's easy to manipulate markets - just spread some FUD against Bitcoin and you will see the reaction. There are so many people in crypto world without much experience and they reacting to these news too sensible.
Yeah, now it's great opportunity to step into crypto world. Many people thought that they missed chance to invest into BTC when price was ATH. Now they can get BTC cheaply. When Lightning Network will be implemented it will be too late to invest. Maybe now it's last time to get BTC when it's under $10000

Totally agree with you. Most people can’t fight emotions and herd instinct. Even from the experienced crypto guys their nerves on edge, especially holders. You need to be very cold-blooded now, that your hand doesn't twitched and sell BTC.
After analyzing the beginning of last year, the situation is 1 in 1. During the same period, BTC began to fall very strongly, but in the spring it began to grow again. Some holders, knowing this, started selling BTC a few months ago, when he started to reach the mark of $ 20,000, by prognosis situation last year.
I think soon this part of the holders will start to buy again, and other crypto guys who now have a real chance to do it, and BTC will rise up.

[BitcoinFrik]

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.

I really love the way you put it. One thing is for sure, if you don't know your past, you won't know your future. This indeed should send a strong signal to the investors. Sooner or later the prices will start going up again.

[Pain Packer]

Since it's my first time in bitcoin and with the recent plunges in price, i thought that it will be the end of bitcoin. But like markets, bitcoin is taking a fluctuating graph of prices. So it is perfectly normal. At first I'm afraid of what may happened on my bounty but now, I'm relieved because I know that bitcoin will bounce back and it will bounce harder! Don't panic! Don't sell! Don't contribute to the FUD.

[realcrypto]

This is the best and the most important information I have come across this year especially since cryptocurrency fall started. Now I have realized that I need patient to stand the tension.

[Saikoleqz]

"Sheeps" always panic sells. Everytime bitcoin goes down, they sell everything. Here's my 2 cents, bitcoin is only getting better and better. Why? Because as you have stated in this thread, every time it goes down, it goes back up twice as high as before. And not only bitcoin but all the coins, in general, will be better this year. With all of these beautiful projects using altcoins, cryptocurrency and the blockchain technology as a whole is looking very promising. Let the sheeps panic.

Cryptocurrency and Blockchain technology will change the world.

[GoldenLad]

Well, and I thought I have really hold on to mine for sometimes now, in fact OP, you have really held on for a very long time. Not everyone can really hold on for this long and still be psychologically strong. Though i may consider myself as a good holder but I bet I would have sold my out during the '📉 - 87% from $1166 to $170 November 2013 to January 2015' the crash was so much and long that one might have a change of mind. I am glad I started holding after that event, I need to buckle up more and learn from this events.

[Kprawn]

This crash looks organized. It is like Cooking a frog..... Normally it just goes down quickly, but this time it just goes down in

small increments, every day. It feels a bit different to the previous crashes we had in the past. I cannot put my finger on

this one.... There is no real trigger, like MtGox or some BIG announcement that caused this. 

The India announcement can surely not have such a big impact on the price? 

[bit-freedom]

Well said. I don’t see a point to panic for long term holders. In the short period of less than 10 years, we can see Bitcoin come back stronger after every setback.

[dragoz11]

I am happy to hear that history repeats itself and I am happy to hear that from an early adopter, I have entered on btc in 2017 when it was 5k and I do think the same that it will go beyond 19k and make the support on 19k

[Eleven86]

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.

Good time spent taking this report. I had to go through Jan and Feb months growth trend in coinmarketcap.com last week.  We do have around 35% dip every year in these months stating 2012. As said, this situation would be right time to buy more coins.  Let's take it in a positive mode and move on.