rannarvasa (OP)
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December 14, 2018, 12:30:53 PM |
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" 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!!:)
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clrpod
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December 14, 2018, 12:34:33 PM |
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I think that overall we shouldn't look to history for too many answers but one thing it can tell us is how bitcoin has been through these catastrophic periods before and come out the other end stronger. That suggests that the potential upside for anyone investing now should far outweigh the downside. If you were 50/50 to bitcoin going to zero or recovering it would be wise to invest as much as sensibly possible.
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GIGZI INDEPENDENT WEALTH MANAGEMENT Crowdsale Starts on 23rd November 2018
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muslol67
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December 14, 2018, 12:37:35 PM |
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I think that this big decline with a simple calculation will take 1 year and 7 months and then the price will rise to 200K. These are the averages I've just received from old prices and timelines. Of course, the probability of misconduct is high. I think I just want to believe this can happen.
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rodskee
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December 14, 2018, 12:44:22 PM |
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I think that overall we shouldn't look to history for too many answers but one thing it can tell us is how bitcoin has been through these catastrophic periods before and come out the other end stronger. That suggests that the potential upside for anyone investing now should far outweigh the downside. If you were 50/50 to bitcoin going to zero or recovering it would be wise to invest as much as sensibly possible.
I agre with you mate that's the reason government want bitcoin to regulate Because of high volatility fluctuations people should knows about full history of how bitcoin moves inthe market So this current downfall people knows how to control their greedy emotions
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allthingsluxury
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December 14, 2018, 02:36:01 PM |
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Its been a roller-coaster of a ride. Been through them all.
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Gold & Silver Financial News: Silver Liberation Army, Gold & Silver News, Geopolitical & Financial News, Jim Rickards Blog, Marc Faber Blog, Jim Rogers Blog, Peter Schiff Blog, David Morgan Blog, James Turk Blog, Eric Sprott Blog, Gerald Celente Blog
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towi078
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December 14, 2018, 02:51:39 PM |
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For now, can it be a reference that bitcoin prices will rise again?Remembering, so many negative news about Bitcoin this year?
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Screamshot
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FUTURE OF SECURITY TOKENS
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December 14, 2018, 02:54:56 PM |
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Bitcoin has surly been through the highs and lows history would have it that the highest amount bitcoin attained was $20k but we can be hopeful it would be surpassed
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[ M O B U ] The Investment Bank of the Future The Security Token Protocol and Licensed Security Token Exchange https://mobu.io/
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proTECH77
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Bisq Market Day - March 20th 2023
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December 14, 2018, 02:58:45 PM |
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I think the price of Bitcoin according to history is repeating itself again and most individuals who have the long-term understanding on it rise and fall in price are carefully watching to see things happening to their advantage. Hope to see bitcoin price soar higher in the year 2019 or possibly in 2020, history cannot lie.
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realcrypto
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December 14, 2018, 03:01:03 PM |
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I have gone through this type of analysis severally but this is serving as a reminder to me and all cryptocurrency investors that are having high blood pressure just because bitcoin and altcoins price is going down. The market will be good again but I don't know when.
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coinwizard_
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Most Advanced Crypto Exchange on the Blockchain
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December 14, 2018, 04:38:25 PM |
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It shows that recoveries take time but they always happen. This one will be quicker because more people are using crypto now and there are more exchanges to trade on
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CRYPTOCIRCLEX | THE MOST ADVANCED CRYPTO EXCHANGE ON THE BLOCKCHAIN ✪╠════════════════════════════════════════════════════════════╣✪
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Catt95
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December 14, 2018, 04:39:33 PM |
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That is crypto life. Goes up and down. People get in and cash out and so on. After ATH and now bear market we will need a year or more to come back. Some even say it will never get back to 19k. But as we see from history now investors will buy and wait for bull. I think we should do the same.
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antisocial77
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December 14, 2018, 05:02:21 PM |
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its falling since i entered the crypto, i caught only 10k try but it failed and here we are.if bitcoin brake the 10k that day, it might change everything.anyway, its still falling at the moment and all we can do is wait.
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Silica NeXus ▄▄▄▄▄ Crowdfund the Nexus ▄▄▄▄▄
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dothebeats
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December 14, 2018, 05:14:50 PM |
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I've been here since Nov. 2013 but never really bothered investing but just watched on the sidelines until April of 2014. It's quite amusing to think that bitcoin always has its own fill of craziness in ups and downs, and was evidenced by charts from previous cycles. Slowly, I'm convinced that the 'hodl' technique is really a truly great investing technique when it comes to cryptocurrency (while of course, spending bitcoin if you have the chance to is still OK). For now, I'm wondering where this decline would take us, and would we surpass 90% of devaluation from the previous ATH is also another intriguing thing that runs through my mind right now.
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burky155
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December 14, 2018, 06:48:26 PM |
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Yes the history repeats itself, that is true. But can we say the same thing for the bitcoin? From start to date the bitcoin price have rises and falls thats is also true. But what if this time it doesn't repeat? Do you have this scenery? Every thing can happen with the bitcoin nowadays, in bad and the good ways. But i am not sure anything anymore.
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100bitcoin
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December 14, 2018, 06:54:56 PM |
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At the end of the day, Bitcoin is a game of accumulation. Strong hands will always outperform weak ones...
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clrpod
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December 15, 2018, 10:03:15 AM |
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I think that overall we shouldn't look to history for too many answers but one thing it can tell us is how bitcoin has been through these catastrophic periods before and come out the other end stronger. That suggests that the potential upside for anyone investing now should far outweigh the downside. If you were 50/50 to bitcoin going to zero or recovering it would be wise to invest as much as sensibly possible.
I agre with you mate that's the reason government want bitcoin to regulate Because of high volatility fluctuations people should knows about full history of how bitcoin moves inthe market So this current downfall people knows how to control their greedy emotions I don't think that the governments of the world really care too much about bitcoin volatility and people losing out to price swings. I believe that want to regulate bitcoin so that they can control it and the flow of money through it, it's a threat to sovereign currencies as well as being seen for a vehicle for illegitimate activities.
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GIGZI INDEPENDENT WEALTH MANAGEMENT Crowdsale Starts on 23rd November 2018
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flemming_s
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December 15, 2018, 10:12:58 AM |
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The biggest rise - this is what will be soon. All the facts speak about it. I can even bet that in the spring Bitcoin will soar upwards.
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Dexion
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December 15, 2018, 10:49:15 AM |
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Thank you, you have written a short BTC trip, until today, I still believe in BTC, I still have BTC assets, and I will hold BTC until BTC reaches a value of $ 50000.
My target is simple, I want to be a person who is successful with BTC.
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ShadowBits
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December 15, 2018, 11:12:44 AM |
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" 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!!:) No matter where it goes all people only want it to go upwards and when the prices go down a lot of people will be crying. Obviously they don't fit to be an investor.
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Baofeng
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December 15, 2018, 11:20:12 AM |
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But past history says that bitcoin always end the year with a bang, but it looks this year is very different. So I guess its really hard to look at its past history because the market is still in its infancy and sample that we can deduce from is also small. Although we all now that the price can't go on parabolic rise and we can also say that the price won't go on a long bearish trend. Sooner or later we will see a good bounce, that's for sure.
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