[2018-11-27] Has the Bitcoin Price Ever Dropped Like This in the Past?

[nulltx]

Given the current bear market many are asking the question whether the Bitcoin price has exhibited such action before? The answer is yes.

The current bearish Bitcoin price pressure has made a lot of traders and enthusiasts uneasy. It is evident there isn’t much to be excited about given the current circumstances, but there are precedents for this negative market pressure as well. An extensive bear market is nothing new, nor is a massive price decline following a new all-time high. Below are some very similar incidents which may put some people’s minds at ease.

5 Past Bitcoin Price Crashes:

• The 2011 Onslaught
• The 2013 Price Debacle
• The 2014 China "Ban"
• September 2017 Caused a Near 50% Drop
• The Quick Decline in December 2017

Read More: https://nulltx.com/has-bitcoin-price-dropped-like-this-before/

[hugeblack]

The current bearish Bitcoin price pressure has made a lot of traders and enthusiasts uneasy.

The reason for the uneasiness is that there are no real reasons for such a collapse when there has been a decline in the past, the reason was bad news or a logical reason to complain.
The decline of more than 30% without a convincing reason prompts you to feel a kind of manipulation, especially with the influence of the nonsense "BCH, BCH ABC, SV", and other attempts to affect the prices as a whole.

[Kakmakr]

I think the price margin, just increase with every crash. The crash percentages might be more or less the same, but there are a huge difference between a crash from $30 to $5, compared to a price crash from $19 000 to $4000. <money wise> 

The recent price crash from the ATH of $19 000+ just got a lot more media attention, because the amounts <value> of the coins, was much higher than before.

People are also confused with the Market cap statistics that are being misused on social media, to make things look worst than it is. 

[figmentofmyass]

The current bearish Bitcoin price pressure has made a lot of traders and enthusiasts uneasy.

The reason for the uneasiness is that there are no real reasons for such a collapse when there has been a decline in the past, the reason was bad news or a logical reason to complain.
The decline of more than 30% without a convincing reason prompts you to feel a kind of manipulation, especially with the influence of the nonsense "BCH, BCH ABC, SV", and other attempts to affect the prices as a whole.

in a bear market, the market never needs a reason to crash. the market is already defined by strong supply and weak demand. news is just a catalyst, not a cause.

think about the silk road shutdown in october 2013---a momentary crash before an epic bubble. or the shutdown of btc-e in july 2017. or the first ETF rejection in march 2017. quick selloffs followed by quick recoveries and new highs. why? because these bad news events occurred during strong bull markets. see, nobody cares about bad news in a bull market. but in a bear market? it's a reason for new lows. it all depends on the underlying market conditions.

[mazdafunsun]

The current bearish Bitcoin price pressure has made a lot of traders and enthusiasts uneasy.

The reason for the uneasiness is that there are no real reasons for such a collapse when there has been a decline in the past, the reason was bad news or a logical reason to complain.
The decline of more than 30% without a convincing reason prompts you to feel a kind of manipulation, especially with the influence of the nonsense "BCH, BCH ABC, SV", and other attempts to affect the prices as a whole.

I dont think that this is true- not all the big drops had bad news which could have induced it.
There is logic in this price action, there is evidence that a lot of BTC chnage dhands in start of this year . The long term belivers sold their btc to short term speculators thus it was so easy to induce panic in the market.

[1Referee]

The decline of more than 30% without a convincing reason prompts you to feel a kind of manipulation, especially with the influence of the nonsense "BCH, BCH ABC, SV", and other attempts to affect the prices as a whole.

I don't believe it for a second that these clowns were related to the sharp fall, but I don't mind people thinking they were. If you look at how much hate is going towards Roger and Craig right now, it's very amusing. They basically made sure their shitcoin became worth even less + people really hate them now. You got to love how they shot themselves in the foot. 

People's shock mainly came from seeing the $5800 level get broken through. It could have been manipulation in an attempt to trigger stop loss orders that were stacked below that level, or it was a whale legit looking to dump thousands of coins at once without thinking about the consequences. Both options are plausible.

[Slow death]

5 Past Bitcoin Price Crashes:

• The 2011 Onslaught
• The 2013 Price Debacle
• The 2014 China "Ban"
• September 2017 Caused a Near 50% Drop
• The Quick Decline in December 2017

a currency that goes from $ 1000 to $ 19,000 in just one year and then in the next year it drops from $ 19,000 to $ 3500, it makes a lot of people afraid of that currency, but that also makes a lot of sense.

I will give an example of the altcoins. the altcoins have their community. there are things that are very strange in this market. let's take the example:

We have an altcoin that has a price of $1 and 3 months later Dev comes to announce launch of Mainnet for day X. the price of altcoin begins to rise in a very frightening, but weeks after the release of Mainnet the price began to fall in a frightening way and even falling to the price of $ 1. That's exactly what happened to bitcoin.

people started buying bitcoin because they wanted free coins ( bitcoin cash hard fork) and a month later people started buying a lot because of the Cboe Bitcoin Futures Launch. but people did not know how these Cboe Bitcoin Futures work in practice, I believe that the only thing that came into their heads was: "Institutional investors are coming and they are going to inject billions of dollars into the crypto market and so I should buy much bitcoins early"

The crypto market lives on illusions and false hopes.

[Alex_Zi]

It was few times. And there was a more deep fall in percentages than now. So, be patient and wait for exponential growth.

[veleten]

It was few times. And there was a more deep fall in percentages than now. So, be patient and wait for exponential growth.

it was roughly the same, we are closing in on the record
I use this historical graph : https://99bitcoins.com/price-chart-history/
as for the exponential growth, it is quite a long wait ahead , I am afraid
at the moment the market is going down and there seems to be no floor found, maybe 3000$ maybe 2000#, who knows
but if we compare the price to the last year's average of 1000$ there is nothing to complain about

[varusisog]

I think the price margin, just increase with every crash. The crash percentages might be more or less the same, but there are a huge difference between a crash from $30 to $5, compared to a price crash from $19 000 to $4000. <money wise> 

The recent price crash from the ATH of $19 000+ just got a lot more media attention, because the amounts <value> of the coins, was much higher than before.

People are also confused with the Market cap statistics that are being misused on social media, to make things look worst than it is. 

I bought some in late 2013. The price now is still higher than that time. So I am not so worried about the price.

[rodskee]

Go back from the history past of bitcoin and  the discussion opinion form the people experience
Bitcoin coin history will dropped due to bad news and bad empression came from the market analyst
But the support of the people bitcoin will stay strong in the market even if the price dropps

[hatshepsut93]

I think the price margin, just increase with every crash. The crash percentages might be more or less the same, but there are a huge difference between a crash from $30 to $5, compared to a price crash from $19 000 to $4000. <money wise> 

The recent price crash from the ATH of $19 000+ just got a lot more media attention, because the amounts <value> of the coins, was much higher than before.

People are also confused with the Market cap statistics that are being misused on social media, to make things look worst than it is. 

Isn't it just a psychological effect? If you invest $1,000 at ATH, the amount of money you lose on a $30 to $5 crash is the same as on a $19,000 to $3,000 crash.

As for the media attention, I think the bigger factor is that Bitcoin became much more popular over the years, in 2013 you'd read about it in some tech blogs and specialized sites, in the last year the rally was featured on national television around the world.