In December 2013, when bitcoin peaked at $ 1,100. Many people have hoped for an digital currency that could replace the current traditional currency. But no, it's almost like a bubble. When it reaches the 1/10 bubble cycle, it is almost devalued by 10 times, BTC reached $ 200. At the time, the mt.gox event was one of the biggest reasons why bitcoin prices dropped dramatically. After more than three years -a very long time Bitcoin returned to the old peak.
Back then was different. Mt. Gox controls almost 70% of the trading volumes that time. So when it was hacked(?) its obvious that the market price will fall dramatically. But we have recovered and exchanges have learned their lessons from the hacked and I'm sure that they will do anything to prevent it from happening.
Also from 12-2017. The price of BTC peaked at $ 20,000. Another hope is lit up about the potential of BTC and blockchain. But once again, the bubble bursts. An unprecedented stretch of BTC from 2013 to present. Does history repeat? December 2014, BTC price is $ 200. December to 2018, BTC will about $ 2000? Is it a necessary cycle for BTC to continue to conquer new heights? Is Binance or who will be mt.gox version 2?
I once heard a quote: If you want to know the future you look at history. That statement is true for 2018. What do you think?
Do you understand what you are saying here? Binance? The latest news is that they're not hack but someone exploited a trading bot, but Binance was very quick as they have system in place to monitor anomalies in trading that's why there's no Mt. Gox 2. In fact the hackers lost money themselves because Binance temporarily halted withdrawals that's why no money went out and the funds that the hackers used by trapped.
I really don't understand your logic here, Do you mean we really need another major hack before bitcoin will grow exponentially in the next 3 years? In my opinion, we don't need that kind of event to see bitcoin grows again, what we need is just one positive news that will bring investors trust to the market perhaps LN will do it, but we have to wait and see.
