The Biggest Rises and Falls of Bitcoin

[Sexie]

" Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user-to-user on the peer-to-peer bitcoin network without the need for intermediaries. " - Wikipedia

This post is exciting demonstration of how Bitcoin investors can give someone a run for their money, if they HODL their investment perfectly timed.

source:
https://cointelegraph.com/explained/the-biggest-rises-and-falls-of-bitcoin-explained
"

1.November 2011
A sharp fall in the early days of Bitcoin.

June 2011 had seen Bitcoin’s price hit about $32, falling precipitously to $2 over the course of five months — that’s a 94 percent drop. Many investors, unsure about what to expect in the crypto world, decided to cut their losses and get out of the Bitcoin game altogether — and these same people will now be kicking themselves that they didn’t ride out the correction, as they would have undoubtedly been multimillionaires by now.

2.November 2013
Arguably the most famous decline in Bitcoin’s history.

Toward the end of 2013, the price of a single Bitcoin was about to reach $1,200 — modest by today’s standards but a big deal at the time. In the preceding weeks, a United States Senate hearing had buoyed the market by concluding that Bitcoin held great promise, and even China’s Central Bank had offered cautious approval.

But it wasn’t to last. China then concluded that Bitcoin was not a currency and began to impose restrictions. The bear market certainly wasn’t helped by the devastating implosion of Mt. Gox back in 2014, which saw roughly seven percent of all Bitcoin in circulation vanish. At the time, they would have been worth an eye-watering $473 million. Other distributed denial of service (DDoS) attacks added to the crisis of confidence.

The warning signs first flashed on Nov. 19, 2013, when prices halved in a single day — tumbling from $755 to $378. Although they rallied soon afterward, the end of the month signaled the start of a slump that wouldn’t end for more than a year.

Toward the end of the correction, in January 2015, prices slumped to a paltry $150 — and the ramifications have lingered for years. Overall, prices tumbled by 87 percent over the 411-day ordeal.

3.April 2013
Percentage-wise, one of the biggest falls in Bitcoin’s value.

With dizzying speed, the cryptocurrency managed to swell to a price of $260 in a bullish market, as exchanges blossomed and trader numbers boomed. But as Nelly Furtado once said, all good things must come to an end. The price tumbled down to $45 in the space of two days — a decline of 83 percent. Even roller coaster rides aren’t that brutal.

4.December 2017
Bitcoin has had startling highs as well as lows.

Over the course of 2017, Bitcoin grew by a dazzling 1,950 percent — going from $974 to $20,000 in the space of a year.

Back then, as this article from Cointelegraph at the end of last year shows, there were warnings from certain commentators that a bubble was looming. Perhaps it would have been prescient to remember the wisdom of Nelly Furtado at the time. That said, crypto advocates continue to maintain that the volatility of Bitcoin can be as much of a help as a hindrance — and believe that, one day soon, it will perform in line with the glory days of 2017.

5.November 2018
What is it about Novembers?

Over the course of 2018, Bitcoin has had an annus horribilis — with prices tumbling by more than 83 percent when compared to the all-time high of $19,783.

This is worse than the Nasdaq’s plunge when the dot-com bubble burst in the U.S. — and it has also delivered catastrophic consequences for many other digital currencies, which have now been rendered worthless. This is because the fate of many coins, and indeed other cryptocurrencies, is tied to blockchain in some way or another. Just take a look at Ethereum as a case in point, which has tumbled from $1,400 toward the start of 2018 to about $110 at the time of writing.

To get an idea of the enormity of this drop, Bitcoin hadn’t dipped below $4,000 since September 2017 before November’s bloodbath began. In the space of a week, Bitcoin Cash plummeted more than 56 percent — and was even overtaken by EOS briefly from a market capitalization perspective, leaving it relegated to the fifth-largest coin in the marketplace.

Following the ups and downs of the crypto market doesn’t need to be a daunting experience. Keeping an eye on the news can help ensure that you stay one step ahead — and get an idea of when major events are going to have an impact on prices. Sites such as Coin360 have also been making the market easier to navigate — offering a visual representation of cryptocurrencies and coins in real time. The size of each graphic reflects the cryptocurrency’s market capitalization — with prices and percentage changes illustrated in red and green so enthusiasts can see where the industry is heading at a glance.

Just like what they said " HISTORY REPEAT ITSELF "

I am not encouraging everyone to Invest or any kind of course its all up to you! but you can always learn something by learning little history about bitcoin.

Think ahead about the future of your investment.

Are you ready to keep it ? or are you targeting something else.?

GOOODLUCK MATE!!:)

It  depends on the law of demand  always. The geater the demand ,  the  greater the price  of the commodity or the so called  bitcoin. So  as of  now , that’s all we are witnessing , the price is low and the. demand  is not really good.  Just a lot of cryptocurrencies  coming out now that people  find  much cheaper and easier to get more profits .Those are people who want a short term  investment. The can buy coins cheaper and sell them anytime  to gain more  profits. However , bitcoin is trying to reach down for eveybody  so can afford it. As if going deeper . But be patient, sooner the price of botcoin will rise.

[meanwords]

This is kind of informative about the history of Bitcoin. To be honest, I've only been here for almost 1 and a half year and I am glad that I've joined the train. Although it's kind of sad to see the dip of Bitcoin, it was a great experience for me to become wiser for the next years to come.

[Captain Sneeze]

" Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user-to-user on the peer-to-peer bitcoin network without the need for intermediaries. " - Wikipedia

This post is exciting demonstration of how Bitcoin investors can give someone a run for their money, if they HODL their investment perfectly timed.

source:
https://cointelegraph.com/explained/the-biggest-rises-and-falls-of-bitcoin-explained
"

1.November 2011
A sharp fall in the early days of Bitcoin.

June 2011 had seen Bitcoin’s price hit about $32, falling precipitously to $2 over the course of five months — that’s a 94 percent drop. Many investors, unsure about what to expect in the crypto world, decided to cut their losses and get out of the Bitcoin game altogether — and these same people will now be kicking themselves that they didn’t ride out the correction, as they would have undoubtedly been multimillionaires by now.

2.November 2013
Arguably the most famous decline in Bitcoin’s history.

Toward the end of 2013, the price of a single Bitcoin was about to reach $1,200 — modest by today’s standards but a big deal at the time. In the preceding weeks, a United States Senate hearing had buoyed the market by concluding that Bitcoin held great promise, and even China’s Central Bank had offered cautious approval.

But it wasn’t to last. China then concluded that Bitcoin was not a currency and began to impose restrictions. The bear market certainly wasn’t helped by the devastating implosion of Mt. Gox back in 2014, which saw roughly seven percent of all Bitcoin in circulation vanish. At the time, they would have been worth an eye-watering $473 million. Other distributed denial of service (DDoS) attacks added to the crisis of confidence.

The warning signs first flashed on Nov. 19, 2013, when prices halved in a single day — tumbling from $755 to $378. Although they rallied soon afterward, the end of the month signaled the start of a slump that wouldn’t end for more than a year.

Toward the end of the correction, in January 2015, prices slumped to a paltry $150 — and the ramifications have lingered for years. Overall, prices tumbled by 87 percent over the 411-day ordeal.

3.April 2013
Percentage-wise, one of the biggest falls in Bitcoin’s value.

With dizzying speed, the cryptocurrency managed to swell to a price of $260 in a bullish market, as exchanges blossomed and trader numbers boomed. But as Nelly Furtado once said, all good things must come to an end. The price tumbled down to $45 in the space of two days — a decline of 83 percent. Even roller coaster rides aren’t that brutal.

4.December 2017
Bitcoin has had startling highs as well as lows.

Over the course of 2017, Bitcoin grew by a dazzling 1,950 percent — going from $974 to $20,000 in the space of a year.

Back then, as this article from Cointelegraph at the end of last year shows, there were warnings from certain commentators that a bubble was looming. Perhaps it would have been prescient to remember the wisdom of Nelly Furtado at the time. That said, crypto advocates continue to maintain that the volatility of Bitcoin can be as much of a help as a hindrance — and believe that, one day soon, it will perform in line with the glory days of 2017.

5.November 2018
What is it about Novembers?

Over the course of 2018, Bitcoin has had an annus horribilis — with prices tumbling by more than 83 percent when compared to the all-time high of $19,783.

This is worse than the Nasdaq’s plunge when the dot-com bubble burst in the U.S. — and it has also delivered catastrophic consequences for many other digital currencies, which have now been rendered worthless. This is because the fate of many coins, and indeed other cryptocurrencies, is tied to blockchain in some way or another. Just take a look at Ethereum as a case in point, which has tumbled from $1,400 toward the start of 2018 to about $110 at the time of writing.

To get an idea of the enormity of this drop, Bitcoin hadn’t dipped below $4,000 since September 2017 before November’s bloodbath began. In the space of a week, Bitcoin Cash plummeted more than 56 percent — and was even overtaken by EOS briefly from a market capitalization perspective, leaving it relegated to the fifth-largest coin in the marketplace.

Following the ups and downs of the crypto market doesn’t need to be a daunting experience. Keeping an eye on the news can help ensure that you stay one step ahead — and get an idea of when major events are going to have an impact on prices. Sites such as Coin360 have also been making the market easier to navigate — offering a visual representation of cryptocurrencies and coins in real time. The size of each graphic reflects the cryptocurrency’s market capitalization — with prices and percentage changes illustrated in red and green so enthusiasts can see where the industry is heading at a glance.

Just like what they said " HISTORY REPEAT ITSELF "

I am not encouraging everyone to Invest or any kind of course its all up to you! but you can always learn something by learning little history about bitcoin.

Think ahead about the future of your investment.

Are you ready to keep it ? or are you targeting something else.?

GOOODLUCK MATE!!:)

This will teach us and give us realizations in life , bitcoin are facing so many problems before and it is currently happening right now. What I mean is that bitcoin survive all of the challenges before so why not now? Bitcoin will rise again maybe not now but soon. I cant wait to see the future of bitcoin because I know it will be definitely more successful. Thankyou for this , it adds knowledge to me.

[chenille]

I have a similar opinion to OP, BTC price was always very volatile. After a huge bull market followed a huge bear market of losses up to 95%. It's very likely, that history can repeat itself, but nobody can say for sure if it will happen. I don't see a reason why not. At least 20k is very realistic to reach again as it was possible before. Since 2017 BTC has improved some problems.

And to all people quoting the OP, please don't do this, it's only spam. Everyone can read OP at page 1. 

[aad140386]

Bitcoin really experienced more than one fall. And quite likely, it will survive many more falls. But unfortunately, such falls do not add to the attractiveness of Bitcoin as an investment. Bitcoin is still a highly manipulative trading tool. This circumstance holds back many people from investing in Bitcoin. I really hope that Bitcoin will become very stable over time. This will give him many benefits and people will start investing in Bitcoin.

[bitgov]

I have a similar opinion to OP, BTC price was always very volatile. After a huge bull market followed a huge bear market of losses up to 95%. It's very likely, that history can repeat itself, but nobody can say for sure if it will happen. I don't see a reason why not. At least 20k is very realistic to reach again as it was possible before. Since 2017 BTC has improved some problems.

And to all people quoting the OP, please don't do this, it's only spam. Everyone can read OP at page 1. 

It seems to me that only those who started to be interested in Bitcoin in the second half of last year and later think about it is the end of Bitcoin. Anyone who has at least a small idea about financial markets knows that a young market such as cryptocurrencies will have for sure more than one ATH.

[mahibul49]

bitcoin is still in its early stage and definately bitcoin will run again to new all time high.bitcoin is here to stay and history proved it.

[cuenzy]

Different times than those days before imo. Before it is not known to many major internet users. But last year was the only time it was bought by even non-investors and just wanted to ride the FOMO. The game now is for real mass adotion and use cases. Acceptance by the authorities is not the main issue as many big time insti have adopted the technologies in crypto.

[Olalomi]

This excellent analysis had given me the insight of price behavior of bitcoin its often said that 'history repeat itself' meaning that all hope is not lost as a new year is usher in I am quite optimistic of the price of bitcoin bouncing back into reckoning then regaining its volatility.

[Mikwik]

I could definitely says that it is true the saying that history repeats itself, most especially here in the cryptp currency community. And as we can see the data analysis of the rises and downfalls of the Bitcoin crypto currency. It just just says exactly as it is.

[minhlee95]

of course bitcoin will go to the moon again and to be honest I do not see much sense to continue this topic again. But people have always wanted to know the future and only historical facts of the past can tell us about the future

[Kimi80]

I believe in history repetition, that this ups and downs are just a part of a cycles. The problem that I have is struggling with basic life needs, I still don't have enough funds to invest as much as I would like to and I really hope that I will be able to buy and storage some amount. I wouldn't like to be just a bystander and watch how things are going great and I am not part of it.

[javainn]

this is a cycle that is common in bitcoin every year, many see if the price of bitcoin can grow high and fall free, but it is not a problem we can take the opportunity to make a profit

[btc_angela]

of course bitcoin will go to the moon again and to be honest I do not see much sense to continue this topic again. But people have always wanted to know the future and only historical facts of the past can tell us about the future

'Going to the moon'. This year we haven't heard it because the price continue to plummet on a large scale. At least this topic will remind not just newbies but everyone to just stick and stay with the market even though the price is down because its previous charts has a pattern of repeating itself again, and just like other says, it's a cycle. We might be seeing the last end of the bear cycle and 2019 might be the start of a new cycle.

[Bitfling]

Bitcoin price always high fluctuation, maybe its because still unregulated by government. 2018, bitcoin price already drop more than 85% from highest price and i think good opportunity for buying and accumulating bitcoin

[Mr.grin]

this is a cycle that is common in bitcoin every year, many see if the price of bitcoin can grow high and fall free, but it is not a problem we can take the opportunity to make a profit

indeed every year this is normal, going up and down quickly. even if you pay attention, this decline is still a natural thing after the bitcoin pump prices were very fast in the past 2017, of course this year a rapid decline occurred, and returned to a normal situation. well, but I think, this will recover soon.

[tunapa]

This write up has really delve much into past history and give good analysis based on the resesrch. We know it takes time for history to repeat itself. I am sure crypyo will be fine but Its ndď

[andrerusso]

those panicking might have twisted misconceptions about bitcoin.  if they understand the market, they wouldn't be surprised in scenarios like this

[fistteam]

That is a whole process of formation and development of bitcoin. From a coin of no value and little known until it is the most valuable coin in history and is well-liked by people. Bitcoin is on the decline and many people are skeptical about its value, but I think Bitcoin is just shaking the market and things will be different in the future.

[Dondont]

" Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user-to-user on the peer-to-peer bitcoin network without the need for intermediaries. " - Wikipedia

This post is exciting demonstration of how Bitcoin investors can give someone a run for their money, if they HODL their investment perfectly timed.

source:
https://cointelegraph.com/explained/the-biggest-rises-and-falls-of-bitcoin-explained
"

1.November 2011
A sharp fall in the early days of Bitcoin.

June 2011 had seen Bitcoin’s price hit about $32, falling precipitously to $2 over the course of five months — that’s a 94 percent drop. Many investors, unsure about what to expect in the crypto world, decided to cut their losses and get out of the Bitcoin game altogether — and these same people will now be kicking themselves that they didn’t ride out the correction, as they would have undoubtedly been multimillionaires by now.

2.November 2013
Arguably the most famous decline in Bitcoin’s history.

Toward the end of 2013, the price of a single Bitcoin was about to reach $1,200 — modest by today’s standards but a big deal at the time. In the preceding weeks, a United States Senate hearing had buoyed the market by concluding that Bitcoin held great promise, and even China’s Central Bank had offered cautious approval.

But it wasn’t to last. China then concluded that Bitcoin was not a currency and began to impose restrictions. The bear market certainly wasn’t helped by the devastating implosion of Mt. Gox back in 2014, which saw roughly seven percent of all Bitcoin in circulation vanish. At the time, they would have been worth an eye-watering $473 million. Other distributed denial of service (DDoS) attacks added to the crisis of confidence.

The warning signs first flashed on Nov. 19, 2013, when prices halved in a single day — tumbling from $755 to $378. Although they rallied soon afterward, the end of the month signaled the start of a slump that wouldn’t end for more than a year.

Toward the end of the correction, in January 2015, prices slumped to a paltry $150 — and the ramifications have lingered for years. Overall, prices tumbled by 87 percent over the 411-day ordeal.

3.April 2013
Percentage-wise, one of the biggest falls in Bitcoin’s value.

With dizzying speed, the cryptocurrency managed to swell to a price of $260 in a bullish market, as exchanges blossomed and trader numbers boomed. But as Nelly Furtado once said, all good things must come to an end. The price tumbled down to $45 in the space of two days — a decline of 83 percent. Even roller coaster rides aren’t that brutal.

4.December 2017
Bitcoin has had startling highs as well as lows.

Over the course of 2017, Bitcoin grew by a dazzling 1,950 percent — going from $974 to $20,000 in the space of a year.

Back then, as this article from Cointelegraph at the end of last year shows, there were warnings from certain commentators that a bubble was looming. Perhaps it would have been prescient to remember the wisdom of Nelly Furtado at the time. That said, crypto advocates continue to maintain that the volatility of Bitcoin can be as much of a help as a hindrance — and believe that, one day soon, it will perform in line with the glory days of 2017.

5.November 2018
What is it about Novembers?

Over the course of 2018, Bitcoin has had an annus horribilis — with prices tumbling by more than 83 percent when compared to the all-time high of $19,783.

This is worse than the Nasdaq’s plunge when the dot-com bubble burst in the U.S. — and it has also delivered catastrophic consequences for many other digital currencies, which have now been rendered worthless. This is because the fate of many coins, and indeed other cryptocurrencies, is tied to blockchain in some way or another. Just take a look at Ethereum as a case in point, which has tumbled from $1,400 toward the start of 2018 to about $110 at the time of writing.

To get an idea of the enormity of this drop, Bitcoin hadn’t dipped below $4,000 since September 2017 before November’s bloodbath began. In the space of a week, Bitcoin Cash plummeted more than 56 percent — and was even overtaken by EOS briefly from a market capitalization perspective, leaving it relegated to the fifth-largest coin in the marketplace.

Following the ups and downs of the crypto market doesn’t need to be a daunting experience. Keeping an eye on the news can help ensure that you stay one step ahead — and get an idea of when major events are going to have an impact on prices. Sites such as Coin360 have also been making the market easier to navigate — offering a visual representation of cryptocurrencies and coins in real time. The size of each graphic reflects the cryptocurrency’s market capitalization — with prices and percentage changes illustrated in red and green so enthusiasts can see where the industry is heading at a glance.

Just like what they said " HISTORY REPEAT ITSELF "

I am not encouraging everyone to Invest or any kind of course its all up to you! but you can always learn something by learning little history about bitcoin.

Think ahead about the future of your investment.

Are you ready to keep it ? or are you targeting something else.?

GOOODLUCK MATE!!:)

History may be repeated but it certainly has a limit of consciousness where of course the looping stops because of other factors. Bitcoin itself is a bubble and that later if people are aware, it will be difficult for bitcoin to made history again