Market Crash 2018: It's History Baby!

[cybersofts]

The year 2018 is going to be recorded as one of the years with the worst cryptocurrency market crash ever.
But hey, this is not the first time for the market crash (remember 2013) and it is not the end of a line for the cryptocurrency.
For me, all I see is another big opportunity to buy more bitcoins. Heck, the bitcoin cash looks awesome too plus some good looking altcoins.

[bchain22]

The question is, how long will it take to recover?

The 2013 market crash took years to get back to the point where it was. Will we see a speedier recovery this time or are we here for a looooong loooong ride? I hope not, but history has shown that these big crashes take time to recover from.

But, as you said. It is also an opportunity to get on the train and get your wallets full of assets. But make sure you know that this might be a long-term investment which could easily mean 2-3 years.

[figmentofmyass]

The question is, how long will it take to recover?

The 2013 market crash took years to get back to the point where it was. Will we see a speedier recovery this time or are we here for a looooong loooong ride? I hope not, but history has shown that these big crashes take time to recover from.

the 2014 bear market (longest to date) took 14 months from top to bottom, followed by 9 months of sideways. we're currently 11 months into this bear market. so that gives us some idea of the possibilities.

i'd say we shouldn't expect a bull market to emerge for a good year from now.

[andriarto]

i think this time would be better if we take advantage of opportunities rather than complaining. when prices crash means the opportunity to invest, if we still believe in cryptos

[vedeloper]

For me, I don't see any signs that it will recover in a year.
But later, of course it will

[boss.afro]

The rate is falling, and the volume of transactions is growing. Two days already. The volume of transactions on BTC is now twice as high as usual. This suggests that wanting to sell more than willing to buy, and that those who are now bought, lost their money, unless they are certainly not willing to wait for the growth rate of a year or two.

The fall of the BTC rate is a global trend. It lasts for almost a year, with periodic stops, and there are no reasons for its termination or change yet. The rate was speculatively inflated from about $ 900 to $20 thousand, and now there is a correction. No one knows how long this process will take and how fast it will be. It depends on too much.

[binhvo1505]

Everything has now come to an end. There is no hope for us. Its price has gone down not stop. This is the intention of the manipulative organizations and I think they wanted to leave the market. We are near the brink of bankruptcy.

[davis196]

We are living in some interesting times for the cryptocurrency world.The BCH idiots are going to commit a suicide with their hard fork.This is good,but they are trying to push BTC to the bottom with them.
I believe that Bitcoin Core will survive this crash,even if the price goes under 1K USD.
The new ATH will happen somewhere around 2021.

[Renaldi blackspadeteam]

maybe you are right! but I'm still afraid to trade bitcoin for a while because it's still downtrend,

2018 is the bloody disaster I've seen in Cryptocurrency trading, I will continue to remember this event,

since the end of 2017 the price of other Bitcoin and Crypto has dropped very sharply, I don't think the price of bitcoin will drop from $ 17K + to $ 3500 + - on November 25, 2018,

I will think again if I want to invest in crypto trading,

[cryptocrusher]

The rate is falling, and the volume of transactions is growing. Two days already. The volume of transactions on BTC is now twice as high as usual. This suggests that wanting to sell more than willing to buy, and that those who are now bought, lost their money, unless they are certainly not willing to wait for the growth rate of a year or two.

If the volume is high that means more people are willing to buy and to sell at the current price. There are two sides to every transaction so it's impossible to say that there's more upward or downward pressure from buyers/sellers based on volume alone.

I think we'll return to a bull market in 2020 or 2021, 2019 will be a slow and steady grind back to around $6k-$10k..

[BrewMaster]

it is not even close to being the "worst" market crash of all times. the only difference which may make it look like the "worst" is the fact that today there are a TON of shitcoins available compared to olden days of crashes so the market seems like being bigger otherwise the total market is still the same thing but filled with a lot of garbage.

[damberg]

The question is, how long will it take to recover?

The 2013 market crash took years to get back to the point where it was. Will we see a speedier recovery this time or are we here for a looooong loooong ride? I hope not, but history has shown that these big crashes take time to recover from.

the 2014 bear market (longest to date) took 14 months from top to bottom, followed by 9 months of sideways. we're currently 11 months into this bear market. so that gives us some idea of the possibilities.

i'd say we shouldn't expect a bull market to emerge for a good year from now.

This is a very simple logic that every trader and investor should keep in mind. There are not many 'rules' in trading but there is one almost universal - upward and downward rallies differ. Bear runs are usually quick and sharp while bull runs are generally slower and less steep.

[RodeoX]

it is not even close to being the "worst" market crash of all times. ...

True. I am not sure what the worst was? As I recall we dropped from $32 - $2. That was brutal by percentage.

[b3llsf1l3s]

if we look at tracking the history of the development of the rise and fall of bitcoin from year to year, actually this is considered normal. Why ?
because indeed each year has a similar cycle, the percentage increase is very high and it also impacts when bitcoin goes down. now is the time for us to see later in 2019, will it really have a new chart, or will it repeat again and make a new ATH?

[alonelyorange]

At the first starting in 2018 year, we got bitcoin price have drop and lower than at the end of 2017 year, many investor keep and sure at the new era of 2018 every thing about bitcoin and altcoin will be on the higher price, but all of them is wrong.

[jossiel]

it is not even close to being the "worst" market crash of all times. ...

True. I am not sure what the worst was? As I recall we dropped from $32 - $2. That was brutal by percentage.

Yeah this is during 2011 and that was 95% in total. Those days when Mt.Gox was hacked.

The year 2018 is going to be recorded as one of the years with the worst cryptocurrency market crash ever.

I agree with them that this isn't the worst.

Analysis of 8 Historical Crashes this article is all about the history of those crashes and you may compare what's the worst for the past years.

[cellard]

By Bitstamp prices:

-All time high: $19666
-Lowest price hit after ATH: $3474
-Crashed % = -82.33

Looking at the previous Bitcoin crashes:




It looks like we may be close to the final bottom and it would be another typical Bitcoin cycle completed. At $2474 we would be at -87 to match the MtGox crash.

It's been 344 days and MtGox crash was 411, so we would still have 67 days of bear market ahead until final bottom. Of course, no crash is 1:1 the same, that's just some stats, we could have already bottomed, we may go for lower lows quicker and recover faster. The bottom line is, we are close, everyone that was going to sold sold already, now people that still want to sell will wait for an higher price and dump, then that would be it. The next cycle will begin and next ATH will dwarf $20k.

[The Sceptical Chymist]

Heck, the bitcoin cash looks awesome too plus some good looking altcoins.
<snipped graph>

That is 7 days worth of pure hell in the crypto markets--yikes!

I agree that it's probably a good buying opportunity for bitcoin, but I don't have any faith in BCH so I'd stay away from that one for the long-term.  Some of the other ones that might be useful in the future might be worth buying, but I still think bitcoin is where it's at. 

However, even with Bitcoin Cash, you probably could make a decent profit by trading it short-term.  I don't think it's dead or dying even if I lack the aforementioned faith in it.  Other investors probably DO have faith in it and thus will cause it to rebound.  I keep saying this, and it hurts:  If only I had money to buy!!  This is the kind of volatility that can make you big bucks by day trading.

[palle11]

i think this time would be better if we take advantage of opportunities rather than complaining. when prices crash means the opportunity to invest, if we still believe in cryptos

I think that is the best thing to do. For crypto believers, staying positive and seizing the bear as an opportunity to buy into your crushing coins is the way we should go.

[Ponti]

That’s what I am trying to say all the time, it is too early to bury blockchain and its future. "The blow bubble" predictions have bean said so many times and nothing happened, so I am just sitting and watching. Spoiling your nerves and FUDding is the last option.