Bitcoin Forum
May 25, 2019, 12:24:08 AM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: [1] 2 »  All
  Print  
Author Topic: History of bitcoin crashes  (Read 148 times)
Blackforce
Copper Member
Jr. Member
*
Offline Offline

Activity: 53
Merit: 4


View Profile
July 13, 2018, 03:19:43 PM
Merited by Foxpup (2), Mahanton (1)
 #1

[UPDATE V1.1] Visualizing the History of Bitcoin Crashes updated version and plus 0.05 BTC GIVE AWAY for What's On Crypto Telegram members only. https://t.me/whatsoncrypto

Credit: https://t.me/whatsoncrypto

What's On Crypto is building a Hub - One stop destination for all cryptocurrency news from quality and well-known sources.

1558743848
Hero Member
*
Offline Offline

Posts: 1558743848

View Profile Personal Message (Offline)

Ignore
1558743848
Reply with quote  #2

1558743848
Report to moderator
1558743848
Hero Member
*
Offline Offline

Posts: 1558743848

View Profile Personal Message (Offline)

Ignore
1558743848
Reply with quote  #2

1558743848
Report to moderator
GET 25 FREE SPINS AT REGISTRATION
GET 100% BONUS ON FIRST DEPOSIT
PLAY NOW
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
SweetCryptoNews
Newbie
*
Offline Offline

Activity: 97
Merit: 0


View Profile
July 13, 2018, 03:26:47 PM
 #2

Excellent infographics showing how bitcoin is recovering after any falls. This post should definitely be seen by everyone who is shouting that the crypto currency is a bubble.
First77
Member
**
Offline Offline

Activity: 266
Merit: 32


View Profile
July 13, 2018, 03:32:46 PM
 #3

So Bitcoin was launched in year 2001 ??
Blackforce
Copper Member
Jr. Member
*
Offline Offline

Activity: 53
Merit: 4


View Profile
July 13, 2018, 04:11:35 PM
 #4

Excellent infographics showing how bitcoin is recovering after any falls. This post should definitely be seen by everyone who is shouting that the crypto currency is a bubble.

What goes down, must come up 😊 this is the future, those who don’t want to admit it, are free to stick with the fiat and die poor
Blackforce
Copper Member
Jr. Member
*
Offline Offline

Activity: 53
Merit: 4


View Profile
July 13, 2018, 04:24:01 PM
 #5

So Bitcoin was launched in year 2001 ??

On 18 August 2008, the domain name bitcoin.org was registered.[11] Later that year on 31 October, a link to a paper authored by Satoshi Nakamoto titled Bitcoin: A Peer-to-Peer Electronic Cash System[12] was posted to a cryptography mailing list.[11] This paper detailed methods of using a peer-to-peer network to generate what was described as "a system for electronic transactions without relying on trust".[13][14][15] On 3 January 2009, the bitcoin network came into existence with Satoshi Nakamoto mining the genesis block of bitcoin (block number 0), which had a reward of 50 bitcoins.[13][16] Embedded in the coinbase of this block was the text:

The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.[17]

The text refers to a headline in The Times published on 3 January 2009.[18] This note has been interpreted as both a timestamp of the genesis date and a derisive comment on the instability caused by fractional-reserve banking.[19]:18

The first open source bitcoin client was released on 9 January 2009.[20][21]

One of the first supporters, adopters, contributor to bitcoin and receiver of the first bitcoin transaction was programmer Hal Finney. Finney downloaded the bitcoin software the day it was released, and received 10 bitcoins from Nakamoto in the world's first bitcoin transaction on 12 January 2009.[22][23] Other early supporters were Wei Dai, creator of bitcoin predecessor b-money, and Nick Szabo, creator of bitcoin predecessor bit gold.[13]

In the early days, Nakamoto is estimated to have mined 1 million bitcoins.[24] Before disappearing from any involvement in bitcoin, Nakamoto in a sense handed over the reins to developer Gavin Andresen, who then became the bitcoin lead developer at the Bitcoin Foundation, the 'anarchic' bitcoin community's closest thing to an official public face.[25]

The value of the first bitcoin transactions were negotiated by individuals on the bitcoin forum with one notable transaction of 10,000 BTC used to indirectly purchase two pizzas delivered by Papa John's.[13]

On 6 August 2010, a major vulnerability in the bitcoin protocol was spotted. Transactions weren't properly verified before they were included in the transaction log or blockchain, which let users bypass bitcoin's economic restrictions and create an indefinite number of bitcoins.[26][27] On 15 August, the vulnerability was exploited; over 184 billion bitcoins were generated in a transaction, and sent to two addresses on the network. Within hours, the transaction was spotted and erased from the transaction log after the bug was fixed and the network forked to an updated version of the bitcoin protocol.[28] This was the only major security flaw found and exploited in bitcoin's history.[26][27]


spadormie
Sr. Member
****
Offline Offline

Activity: 602
Merit: 251


I love you 3000


View Profile
July 13, 2018, 04:34:48 PM
 #6

I've seen this a lot and bitcoin is always like this. It is really volatile. Volatile means the price is really changing overtime. Really means that it is constantly changing and sometimes, it is fast in changing its price.

                                           ▄▄███████▄▄
      ▄▄███████▄▄                       ▄███████████████▄      ▄▄███████▄▄
   ▄███████████████▄    ▄▄███████▄▄    ███████████████████  ▄███████████████▄      ▄▄███████▄▄
  ██████▀▀▀▀▀▀▀▀█████▄███████████████▄██████▌  ▐███▀▀▀████████████▀▀▀▀▀███████  ▄███████████████▄
 ███████   ▄▄▄▄▄████
█████████▀▀▀▀▀██████████   ███▌  ▐█████████     ▄▄▄███████████████████████████
████████   ▀▀▀▀██████████      ▄▄▄█████████▌   ▀▀▀   ██████████   ▀▀▀▀██████████████   ███   ██████
████████   ▄▄▄▄█████████████▌  ▐███████████   ▄▄▄▄   ██████████▌   ▄▄▄███████████████   ▀   ████████
████████   ▀▀▀▀▀████████████▌  ▐██████████▌  ▐███▌  ▐██████████▌   ▀▀   ██████████████▌   ▐█████████
 ███████▄▄▄▄▄▄▄▄██
███████████   █████████████████▄▄▄████████████   ▄▄▄███████████████   ▄   ████████
  ███████████████████████████   ████████▀███████████████▀  █████████████████████████   ███   ██████
   ▀███████████████▀███████████████████    ▀▀███████▀▀      ▀███████████████▀  ███████████████████
      ▀▀███████▀▀    ▀███████████████▀                         ▀▀███████▀▀      ▀███████████████▀
                        ▀▀███████▀▀                                                ▀▀███████▀▀
.BET█▀▀▀▀▀▀▀▀











█▄▄▄▄▄▄▄


██▄▄        ▄▄██
████
██████████████
███████
███████████
 █████
███████████
 ▄██████████████▄
▄████████████████▄
██████████████████
▐██████████████▌
 ▀▀    ▀▀▀▀    ▀▀
.
PLAY NOW
▀▀▀▀▀▀▀▀█











▄▄▄▄▄▄▄█
Oliver2
Member
**
Offline Offline

Activity: 133
Merit: 10


View Profile
July 13, 2018, 04:39:07 PM
 #7

These historical charts tell us that the price of BTC will only get higher and higher, but it takes time to witness these things, so keep your BTC for a long time.

DCC│Distributed Credit Chain
    Empower Credit, Enable Finance   
GithubFacebookMedium ‹‹‹dcc.finance››› RedditTwitterTelegram
retampan
Full Member
***
Offline Offline

Activity: 462
Merit: 101



View Profile WWW
July 13, 2018, 04:50:24 PM
 #8

Great channel, I wonder on how you are doing it very well and detailed. +1. Though, I've never experienced that there is a longer bitcoin dump from 30/11/13 until 14/01/15 after the dump from 20k$ until the current price. Shocked Just HODL bitcoin people, you don't wanna suffer in this dump right?

Harah
Newbie
*
Offline Offline

Activity: 37
Merit: 0


View Profile
July 13, 2018, 05:02:08 PM
 #9

In the case of cryptocurrency, increased regulation is the reason for the crash. And if many bad news talks about bitcoin,which i think the people behind of this that trying to manipulate the bitcoin in purpose so that if the price will crashed they will buy a lot of bitcoin and sell it when the price is high so they will earned a lot of money from it,
Transformbitz
Full Member
***
Offline Offline

Activity: 437
Merit: 101



View Profile
July 13, 2018, 05:26:58 PM
 #10

Thanks for this. This is really a big help to all of us. You shared an infographic trades from it's previous price. I'll make sure that this year could be different. Price will surge end of this year compared to the price before.Maybe 50k-60k
end of this year? what do you think guys?
MVT_Freedom
Newbie
*
Offline Offline

Activity: 56
Merit: 0


View Profile
July 13, 2018, 05:32:47 PM
 #11

Very neat infographic! Thanks for sharing it
ashfakur
Member
**
Offline Offline

Activity: 102
Merit: 10


View Profile
July 13, 2018, 05:43:31 PM
 #12

very good channel for crypto news! We are know every year due to various reasons bitcoin all crypto currency is reduced! The chart history shows that many times before market has become much big dwon, one of the main reasons has been the fake news about bitcoin, due to all this fake news many panic sellers sell bitcoin due to which the market dwon starts  to become much big The investor someone who sells bitcoin also  the market more dwon! Especially this year, due to a false news, the market has become very cheap, and the marker has become more dwon because of the different exchanger hacke!

▰▰▰▰ me token ▰▰▰▰
▰▰ WHITEPAPER ▰▰▰▰   The Social Commerce Revolution  ▰▰▰▰ ANN THREAD ▰▰
 ▰▰ WEB SITE  ▰▰ REDDIT  ▰▰ TELEGRAM  ▰▰ FACEBOOK   ▰▰ LINKEDIN  ▰▰
Slash61
Member
**
Offline Offline

Activity: 482
Merit: 14


View Profile
July 13, 2018, 06:07:46 PM
 #13

This is a very clear picture for others who always pay attention to the current market situation as well as panic, because the market has a good time and there is time for bad, fluctuation is a movement that can happen in seconds or minutes, thank you for sharing with us it makes me believe that in the future will be very good and repeat again, this market conditions will certainly happen in the future, so do not worry too much.

Mahanton
Hero Member
*****
Offline Offline

Activity: 896
Merit: 505



View Profile
July 13, 2018, 07:19:54 PM
 #14

-snip-
Atlast i do see some interesting image which do shows of the actual price decrease or corrections of bitcoins price but i would like for you to exclude those 1-5 days correction yet it cant really be considered those things to be a correction but rather just a usual price decrease. When we do talk correction it always involves big percentage loss came from a high price and stays on accumulation period for a matter of time.
Basing into those number of days where price is stagnant it do shows how unpredictable market this would be.

                                           ▄▄███████▄▄
      ▄▄███████▄▄                       ▄███████████████▄      ▄▄███████▄▄
   ▄███████████████▄    ▄▄███████▄▄    ███████████████████  ▄███████████████▄      ▄▄███████▄▄
  ██████▀▀▀▀▀▀▀▀█████▄███████████████▄██████▌  ▐███▀▀▀████████████▀▀▀▀▀███████  ▄███████████████▄
 ███████   ▄▄▄▄▄████
█████████▀▀▀▀▀██████████   ███▌  ▐█████████     ▄▄▄███████████████████████████
████████   ▀▀▀▀██████████      ▄▄▄█████████▌   ▀▀▀   ██████████   ▀▀▀▀██████████████   ███   ██████
████████   ▄▄▄▄█████████████▌  ▐███████████   ▄▄▄▄   ██████████▌   ▄▄▄███████████████   ▀   ████████
████████   ▀▀▀▀▀████████████▌  ▐██████████▌  ▐███▌  ▐██████████▌   ▀▀   ██████████████▌   ▐█████████
 ███████▄▄▄▄▄▄▄▄██
███████████   █████████████████▄▄▄████████████   ▄▄▄███████████████   ▄   ████████
  ███████████████████████████   ████████▀███████████████▀  █████████████████████████   ███   ██████
   ▀███████████████▀███████████████████    ▀▀███████▀▀      ▀███████████████▀  ███████████████████
      ▀▀███████▀▀    ▀███████████████▀                         ▀▀███████▀▀      ▀███████████████▀
                        ▀▀███████▀▀                                                ▀▀███████▀▀
.BET█▀▀▀▀▀▀▀▀











█▄▄▄▄▄▄▄


██▄▄        ▄▄██
████
██████████████
███████
███████████
 █████
███████████
 ▄██████████████▄
▄████████████████▄
██████████████████
▐██████████████▌
 ▀▀    ▀▀▀▀    ▀▀
.
PLAY NOW
▀▀▀▀▀▀▀▀█











▄▄▄▄▄▄▄█
exstasie
Hero Member
*****
Offline Offline

Activity: 1190
Merit: 637


View Profile
July 13, 2018, 11:39:23 PM
 #15

Just keep one thing in mind. This is framed so that 411-day correction looks like the "worst case scenario." In truth, the current correction could be far worse in both time and volatility.

(Hopefully not, but I just want to point out the inherent bias of the infographic)

These historical charts tell us that the price of BTC will only get higher and higher

As long as the long-term uptrend doesn't break down. But by the time we could confirm that, price would be far lower than now. That's why it's always prudent to take some profit during bubbles. Most people don't because they get greedy. Tongue

Catmony
Hero Member
*****
Offline Offline

Activity: 854
Merit: 500


Varanida : Fair & Transparent Digital Ecosystem


View Profile
July 13, 2018, 11:59:12 PM
 #16

This is really informative but I have never heard of whatsoncrypto group, gonna have a look at them.
Another interesting infograph could be history of bitcoin pumps  Wink To stay positive about the crypto market and motivate new investors.

iBuilding A Better Interneti
━━━━━━━━━━━━━━━━━━━━ ━━━━━━━━━━━━━━━━━━━━

 
 █b
▐█=
║█
██                                         ¡▄▄▄▄▄▄▄▄┌
██M                                  ╒▄▄▄▄█▀    ▂▂ ╙▀▀▆▄
██▌                                ╓, ,██╨      ▀▀▀    ╜▀█▌
███                                ▀▀██╙     ▄▄▄▄▄      ╓█L
█ █▌                            ▄▄▄▄█▀          └▀▀▀▀█Φ█▀"
█▌ █▄                            ██▀           ▄█▀
▐▌  ▀▌                       ▀▄██▀            ▄▀
▐█     ▂▂▂                ▄  ▄█▀           ▄▄▀
 █▌  ╙▀▀▀▀▀█▄         ▄   ███▀     ▁▂▃▄▄▄█▀▀
  █▄        █▌    █▄  ██▄█▀        ▔▔╙▀▐█
   █▄       █▌ ▀▀████▀▀▀               ▐▌
    ▀█     █▀                          ▐▌
     ╙█▄  ▄▌                        ╓█ ▐█
       └▀██  ╓▄▄µ╓▄▄µ            ,▄█▀┘  █▌    ▄▄ ╓▄▄µ
         ██▄█▀▀███▀▀█▄       ╓▄▄█▀▀      ▀█▄█▀▀▀██▄╙▀█▄▄
          ▀╙    ▀▀▀  ▀▀▀  ▀▀▀▀╙           `      "▀▀  └╙
You Can See Me Now, Hi :}
VARANIDA

 
 
 
 
               ▄██   ▄███▄
              ▄███████  ██
              ██    ▀████▀
             ██
  ▄▄  ▄▄█████████████▄▄  ▄▄
▄███████████████████████████▄
█████████████████████████████
▀███████    █████    ███████▀
  ▀█████    █████    █████▀
   ███████████████████████
    █████▄  ▀▀▀▀▀  ▄█████
     ▀█████▄▄▄▄▄▄▄█████▀
        ▀▀█████████▀▀
|Hello Again
GWhitePaperG
GAnn ThreadG
Anait
Member
**
Offline Offline

Activity: 216
Merit: 11


View Profile
July 13, 2018, 11:59:26 PM
 #17

Till date crashes have taken place more than ten times. Particularly those were big in terms percentage calculation. To My understanding what we experience now is the biggest crash, because the price fall is massive compared to the past days of price drops. Till now every time the price drops have got recovered. Hope the same to take place this time as well.

BTCgrinders.com
Copper Member
Jr. Member
*
Offline Offline

Activity: 282
Merit: 3

Exclusive Crypto Rebates for Poker/Sports/Trading!


View Profile WWW
July 14, 2018, 03:50:39 AM
 #18

The original post includes too many micro crashes. I think there are actually only 4 mid to long term crashes that are notable for bitcoin. With this recent $19,666 to ~5900 being most current. Good info nonetheless.

Blackforce
Copper Member
Jr. Member
*
Offline Offline

Activity: 53
Merit: 4


View Profile
July 14, 2018, 08:57:51 AM
 #19

This is really informative but I have never heard of whatsoncrypto group, gonna have a look at them.
Another interesting infograph could be history of bitcoin pumps  Wink To stay positive about the crypto market and motivate new investors.

We are still at the beginning of our project, but, as you can see, we are working hard to make our channel be a “must have” into telegram. Also, we are preparing a very interesting android app 😊.

What's On Crypto will consider creating that too as What's On Crypto is planning more infographics to support crypto and cryptofans.

Apocalypse_hero
Newbie
*
Offline Offline

Activity: 5
Merit: 0


View Profile
July 15, 2018, 05:17:24 AM
 #20

The best Crypto Channel on Telegram. Keep doing this good job.  Smiley
Pages: [1] 2 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!