Bitcoin’s Biggest Wins and Greatest Losses

[JessicaVL]

Bitcoin (BTC) emerged onto the crypto scene in October 2008, when Satoshi Nakamoto released a whitepaper entitled “Bitcoin: A Peer to Peer Electronic Cash System”. Over a decade later, we’ve seen Bitcoin (BTC) soar to extreme highs and the lowest lows. So, what are the reasons behind November 2011, November 2013, April 2013, December 2017, and November 2018? We’ll be taking at look at Bitcoin’s biggest wins and greatest losses – all of them burned into the collective cryptocurrency consciousness. So let’s take a look at Bitcoin’s biggest wins and greatest losses over the years.

https://www.youtube.com/watch?v=S7i5YCmgAAg

What Happened in November 2011?
Early 2011 was pretty for Bitcoin (BTC). By June, Bitcoin’s price had hit $32, an all-time high for the cryptocurrency, but things had changed for the worse by December 2011. Holders of the cryptocurrency watched the price crash to a measly $2. In fact, it was so bad that many investors simply decided to sell all of their Bitcoin and get out of the game – the same early investors who would have been multimillionaires today! Ouch!



What Happened in April 2013
By April 2013, Bitcoin’s price had swelled to a massive (at the time) $260 on the market. As new exchanges opened and adoption numbers increased, things were certainly looking up! Yet, within the space of just 2 days the price dropped by 83%. From $260 to $45 in only 48 hours. This massive drop in price was largely attributed to coverage of Bitcoin in the media. Before 2013, Bitcoin’s price had never gone over $15, and the surge in the price was unsustainable in anything but a Bull must be present in the text.
 market.



What Happened in November 2013
By the end of 2013, the price of Bitcoin was about to reach a cool $1,200. A United States Senate hearing had concluded that Bitcoin (BTC) held promise, and China’s Central Bank offered its approval too. This caused a surge in Bitcoin’s price, but it wasn’t to last.

China withdrew its support of Bitcoin and started to impose incredibly harsh restrictions, and the massive scandal of Mt. Gox shortly after, certainly didn’t help either. On 19 November 2013, Bitcoin’s price halved – falling from $755 to $378 in a matter of hours. Although it seemed to be on the up shortly after, they were the first warning signs of a 411 day slump – including January 2015 when prices dropped to $150. Out of all of Bitcoin’s biggest wins and greatest losses, this is one of the most severe.


What Happened in December 2017
2017 was quite the year for Bitcoin (BTC). The cryptocurrency grew by a staggering 1,950%, from $974 a coin to $20,000 in the space of only a year. However, warning signs of a bubble were there and the coin did drop in price. Still the remarkable high of 2017 is what many believe Bitcoin will achieve again in only a short while. Some argue that Bitcoin’s volatility is as much a help as it is a hindrance – something that has certainly been showcased over the course of the years.

https://www.youtube.com/watch?v=YVmitLxOEg4

What Happened in November 2018
2018 was not a good year for Bitcoin (BTC). With prices plummeting by more than 83% after its all time high of $19,783, things were not looking good. This also caused pretty catastrophic ramifications within the rest of the cryptocurrency markets, with many other coins rendered essentially worthless. Even Ethereum took a pretty big hit – with price’s dropping from $1,400 at the beginning of 2018, to around $110 by the end of the year.


What now?
Bitcoin is a volatile coin – there’s no denying that, all we have to do is look at Bitcoin’s biggest wins and greatest losses to see it. However, Bitcoin’s volatility can really be as much of a good thing as it can (occasionally) be a hindrance. Following the ups and downs of the cryptocurrency market is pretty important if you want to be a successful trader, but it can feel a little daunting. Sites like eToro help to make things a little easier for new traders – so you can be ahead of the game the next time something like November 2011, April 2013, November 2013, December 2017 or November 2018 happens.

http://bitcoinadvisor.info/bitcoins-biggest-wins-and-greatest-losses/

[hugeblack]

Let us prove the fact that manipulation was associated with every rise /collapse and that many factors led to crazy heights.
In 2017, the market witnessed a solid split and manipulation of the value to show Bitcoin as a weak payment system "unable to make transactions even with high fees."
Therefore we can’t say that history will repeat itself because there is a lot of control to prevent the misuse of these currencies and governments are beginning to recognize the importance of regulating this market, which will lead to centralization and stability of prices in the long run.

[CLS63]

Actually everything has started by the end of 2013. Bitcoin price went up to 1200 dollars very fastly. After that time, Bitcoin continued to go up and reached 19k dollars. And now, I think Bitcoin is preparing for a bull run and we will see it in until the end of 2020.

[AniviaBtc]

What Happened in December 2017
2017 was quite the year for Bitcoin (BTC). The cryptocurrency grew by a staggering 1,950%, from $974 a coin to $20,000 in the space of only a year. However, warning signs of a bubble were there and the coin did drop in price. Still the remarkable high of 2017 is what many believe Bitcoin will achieve again in only a short while. Some argue that Bitcoin’s volatility is as much a help as it is a hindrance – something that has certainly been showcased over the course of the years.

This year was one of the greatest years in the history of bitcoin. The increased in its value is much higher than before. There's a huge difference between from $974 to $20,000, it only happened just a year from 2016 to 2017. It's an instant! Even though the grew of cryptocurrency didn't last long and suddenly dropped again. Maybe someday it will come to the point when it will grow much better than the 2017 bitcoin increase and who uses it will rise again on the top.

[yazher]

The government is beginning to think about the importance of blockchain technology in their country today. like for example in our country, Senator Manny Pacquiao has already made his own token called Pactoken. If someone like Manny Pacquiao has already known the importance of it, the other government officials in our country might also make their moves to implement some blockchain technology in each one of our city. since we already have many local exchanges, that sscenario is not impossible anymore.

In that case, the first crypto currency's price to rise is no other than bitcoin. every good news will result in the rise of the price of bitcoin even simple news like this. and when that happens, the price for the next year is expectedly to go higher than today's price. so we cannot say that history will repeat, rather we will make another good history starting now.

[deadsilent]

I miss those days. Movement of market  back then was crazy. You could get 10x or even more profit overnight. So those who are losing their hopes and thinking about selling your Bitcoin. Think again. Bitcoin back from the beginning was only $1 and reached $20,000. It could happen anytime.

[Wexnident]

The year 2017 is when most people saw how Bitcoin could actually reach high places that the modern banking type currency could reach. And the fact that 2018 happened is a proof that bitcoin can reach greater heights than ever before. With what happened at 2017, year 2018 and 2019, some countries have begun taking note of it and see whether it could help themselves and how could it change the market in a global scale. Observing 2019, a lot of traders have now experienced much and are patiently waiting for the rise of bitcoin once again.

[deadsilent]

Bitcoin price surge happen because the only choice back in the day was only Bitcoin. Compare to the market these days. Thousands of cryptocurrencies are being sold and they're diversed depending on it's usage. This makes Bitcoin weak. People are divided.

I miss those days. Movement of market  back then was crazy. You could get 10x or even more profit overnight. So those who are losing their hopes and thinking about selling your Bitcoin. Think again. Bitcoin back from the beginning was only $1 and reached $20,000. It could happen again anytime soon. Patience is the key here.

[Mandoy]

Amongst all cryptocurrency in the market bitcoin has the most controversial volatility and price fluctuations. It is also the most hyped and most bullied cryptocurrency. It is true that bitcoin have caused many people to earn millions and billions of dollars but at the same time during the price corrections hundred or thousands of user lost a huge significant amount. But I guess those price fluctuations have made us realized a good lesson and that is to be very resourceful when trading bitcoin and just not rely on the hype to avoid big losses at the end.

[sureshverma]

I think the biggest victories and the biggest defeats are yet to come

[CryptoBry]

When Bitcoin reached the record price by 19k dollars on December 2017, some people became a millionaire. Also, there were so many people that bought Bitcoin at a wrong time and lost their money. So, there will always be wins and losses. The important thing is being very careful.

The year 2017 will always be remembered as a great year for Bitcoin as the big bull run manifested right before our eyes catapulted many to great riches or wealth. On the other hand, many Bitcoin investors got burned when they made the mistake of getting into the bandwagon ATH level. However, right now, there is that opportunity that Bitcoin can be coming back big time and this ongoing pullback is just a temporary thing as we are all excitedly waiting the coming 2020 halving and what it can do towards Bitcoin. Just like its well-known volatility, there are many ups and downs in the colorful 10-year history of Bitcoin and for the next 10 years or so we are guaranteed of a roller-coaster ride full of fun, fear, excitement and even desperation. Good to review the many salient developments that affected Bitcoin year in year out.

[dothebeats]

Apart from price rises and several milestones in value which is the main topic/focus of this post, give credits to bitcoin's ability to turn the heads of business magnates and politicians and changed their viewpoint on the current scenario of our financial world. That's where most of the greatest wins of bitcoin lies, apart from helping some of the countries which are affected by severe bouts of hyperinflation and other economic 'anomalies' ^{(as I'd like to call them).} Continuous appreciation of bitcoin's value is, IMO, just a manifestation of a how a decentralized currency should work in real-life scenarios.

[Naida_BR]

Bitcoin (BTC) emerged onto the crypto scene in October 2008, when Satoshi Nakamoto released a whitepaper entitled “Bitcoin: A Peer to Peer Electronic Cash System”. Over a decade later, we’ve seen Bitcoin (BTC) soar to extreme highs and the lowest lows. So, what are the reasons behind November 2011, November 2013, April 2013, December 2017, and November 2018? We’ll be taking at look at Bitcoin’s biggest wins and greatest losses – all of them burned into the collective cryptocurrency consciousness. So let’s take a look at Bitcoin’s biggest wins and greatest losses over the years.

https://www.youtube.com/watch?v=S7i5YCmgAAg

What Happened in November 2011?
Early 2011 was pretty for Bitcoin (BTC). By June, Bitcoin’s price had hit $32, an all-time high for the cryptocurrency, but things had changed for the worse by December 2011. Holders of the cryptocurrency watched the price crash to a measly $2. In fact, it was so bad that many investors simply decided to sell all of their Bitcoin and get out of the game – the same early investors who would have been multimillionaires today! Ouch!



What Happened in April 2013
By April 2013, Bitcoin’s price had swelled to a massive (at the time) $260 on the market. As new exchanges opened and adoption numbers increased, things were certainly looking up! Yet, within the space of just 2 days the price dropped by 83%. From $260 to $45 in only 48 hours. This massive drop in price was largely attributed to coverage of Bitcoin in the media. Before 2013, Bitcoin’s price had never gone over $15, and the surge in the price was unsustainable in anything but a Bull must be present in the text.
 market.



What Happened in November 2013
By the end of 2013, the price of Bitcoin was about to reach a cool $1,200. A United States Senate hearing had concluded that Bitcoin (BTC) held promise, and China’s Central Bank offered its approval too. This caused a surge in Bitcoin’s price, but it wasn’t to last.

China withdrew its support of Bitcoin and started to impose incredibly harsh restrictions, and the massive scandal of Mt. Gox shortly after, certainly didn’t help either. On 19 November 2013, Bitcoin’s price halved – falling from $755 to $378 in a matter of hours. Although it seemed to be on the up shortly after, they were the first warning signs of a 411 day slump – including January 2015 when prices dropped to $150. Out of all of Bitcoin’s biggest wins and greatest losses, this is one of the most severe.


What Happened in December 2017
2017 was quite the year for Bitcoin (BTC). The cryptocurrency grew by a staggering 1,950%, from $974 a coin to $20,000 in the space of only a year. However, warning signs of a bubble were there and the coin did drop in price. Still the remarkable high of 2017 is what many believe Bitcoin will achieve again in only a short while. Some argue that Bitcoin’s volatility is as much a help as it is a hindrance – something that has certainly been showcased over the course of the years.

https://www.youtube.com/watch?v=YVmitLxOEg4

What Happened in November 2018
2018 was not a good year for Bitcoin (BTC). With prices plummeting by more than 83% after its all time high of $19,783, things were not looking good. This also caused pretty catastrophic ramifications within the rest of the cryptocurrency markets, with many other coins rendered essentially worthless. Even Ethereum took a pretty big hit – with price’s dropping from $1,400 at the beginning of 2018, to around $110 by the end of the year.


What now?
Bitcoin is a volatile coin – there’s no denying that, all we have to do is look at Bitcoin’s biggest wins and greatest losses to see it. However, Bitcoin’s volatility can really be as much of a good thing as it can (occasionally) be a hindrance. Following the ups and downs of the cryptocurrency market is pretty important if you want to be a successful trader, but it can feel a little daunting. Sites like eToro help to make things a little easier for new traders – so you can be ahead of the game the next time something like November 2011, April 2013, November 2013, December 2017 or November 2018 happens.

http://bitcoinadvisor.info/bitcoins-biggest-wins-and-greatest-losses/

In 2013 there was an absolute rise but at that time little to no people realized what it is going to follow.
Actually, it was considered too much expensive at that time.
But in 2017 when the price went 10k and nearly 20k people didn't think that it is expensive and they jumped in the market. Now, I think that 8-10k is a decent price for bitcoin.

[Tonteus]

I think the biggest victories and the biggest defeats are yet to come

I agree with you. All the most interesting and sad awaits us in the future

[Eugenar]

Bitcoin price surge happen because the only choice back in the day was only Bitcoin. Compare to the market these days. Thousands of cryptocurrencies are being sold and they're diversed depending on it's usage. This makes Bitcoin weak. People are divided.

I miss those days. Movement of market  back then was crazy. You could get 10x or even more profit overnight. So those who are losing their hopes and thinking about selling your Bitcoin. Think again. Bitcoin back from the beginning was only $1 and reached $20,000. It could happen again anytime soon. Patience is the key here.

But later on there's a huge possibility of the market being filtered, survival of the fittest coin except bitcoin. It is very hard to compare bitcoin to other coins so let us take it as a given to one of the coins that will going to be successful in the future. Meaning to say, that there's still a huge chance of bitcoin to be in the top again. On the other hand, the increasing number of altcoins will also be a big help. If the market trend of bitcoin increases, more and more people that holds altcoin might have a tendency to sold their altcoin in order to buy bitcoin. In simple explanation, market adoption is what we needed.

[Herbert2020]

it is so absurd to look at the long term bitcoin history (10+ years) and talk about bitcoin "losses". when you are looking at the big picture all you can ever see is gains and nothing more. all the rest is the short term fluctuations and the drama that only last a small portion of the entire time while the rest of the time price is consistently rising and all there is is gain.

as for the reasons, they are all true but they were all contributors, some bigger than others. the only reason for all the major drops have been the bubble burst!

[Astvile]

Actually, this can server as a note for us for future events that may happen in bitcoin specially in the pumping stage.  We can always look at this and learn the value of not being greedy and abusing the situation. Bitcoins price has been going on ike that in over 8 years, so it's an obvious pattern. Bitcoin always wins in the end no matter how bad the situation is.

[Bitcoininvestment]

As many people see the future of bitcoin and how will going to help more people and give them a lot of opportunities. This has a huge possibilities in the market as they go in many other coins but bitcoin is the still fighting for the top cryptocurrency among the others.We might see the other coins rising up as bitcoin also because of the popularity and also the value itself.

[Willitivity]

This is a very interesting piece here, the fact it ponited out on the milestones achieved by Bitcoin over the years and as well the pitfalls at these times, one thing is for for sure. Bitcoin volatility will continue to be a thing that will exist. In the past years Bitcoin has always maintened it's relevance regardless of whatever policies enacted against it. We are gradually going to witness a bigger and sustained crypto bull run in due time.

[JessicaVL]

Actually everything has started by the end of 2013. Bitcoin price went up to 1200 dollars very fastly. After that time, Bitcoin continued to go up and reached 19k dollars. And now, I think Bitcoin is preparing for a bull run and we will see it in until the end of 2020.

Many analysts agree with you on that - all signs point to Bitcoin entering a bull run in the near future. Particularly, because we're expecting the next halving to occur in May 2020 - Bitcoin may very well reach similar heights to what occurred in December 2017 in this upcoming bull run. You should look into eToro if you want to start CFD trading Bitcoin before the bull run starts.