Major Dumps in Bitcoin History and What to learn from there?

[Hamza2424]

Top 5 BTC Major Dumps Ever in All time History

1st

This was the biggest dump of bitcoin history as in BTC early era on June 2011.. This dump happened when BTC value jumped to the maximum of 32$ from 2$ then suddenly a major dump caused the BTC value to be below 1 cent.

Reason: The reason for this dump is quite interesting as according to data BTC gained value from 2$ to 32$. During the same time, the largest BTC exchange on that time MT Gox was hacked or you can a planned hacking caused hundreds of accounts to lose funds worth millions of dollars.

Total Loss: 99% You can say that after this dump BTC was dead but at the same time you can say that it was the Rebirth of the global asset.

2nd

According to the timeline, this was not the 2nd biggest dump but according to total value/ loss, you can obviously say that it was again the rebirth of the BTC for the coming era. As the year 2017 who can forget the golden year of Bitcoin's history according to the official data BTC pulled its ATH to around 20k and for some unofficial trading data it was around 21k. After the ATH BTC starts dumping within the year 2017 its dumped to 12K than in 2018 to the 6K and then goes on till 2019.

Reason: Primary reason was the profit booking and with that BTC cycle entered to the bear zone where heavy capitulation caused regular dumping and sideways market movement. With all this panic some hacks in Japan and Korea played important role in this Dumping era this was one of the largest Bear zones.

Total Loss: 84% In this whole cycle. This was a total panic timeline where BTC was used to call by the name of a Ponzi scheme. Rest is History we know what BTC was and what is BTC.

3rd

As by the total value dump the 3rd dump was in the early timeline of the BTC after the recovery from the 1 cent crisis in 2011, this was in 2013 and BTC was in its prime time as it was reborn and now investors were more hopeful and that was the reason it leads BTC to the major dump. The dump was from 260$ to 50$. There also Mt Gox played an important role in dumping.  

Reason: The reason was the success of the BTC as after the 99% survival BTC was moving toward the most trusted digital asset network was growing and then boom. The MT GOX trading exchange on that time you can the say the power of MT GOX on that time was about equal to top 10 exchanges of these days, and it failed to survive in massive trading volume and the system collapsed this was a venerable time and hackers attacked and the market crashed.

Total Loss: 83% was the total loss in bitcoins value and this was a total panic time as MT GOX failed again and it leads maximum investors to move again from the decentralized asset to the centralization.

4th

The fourth dump according to the total value was the era between the 2011 and 2013 dump do remember this era was total panic and that was the only reason BTC faced continuous 3 years sideways movement from 2013 to the 2017 Q3. There as BTC recently faced a major dump of 99% of investors looking for another opportunity as an alternative of BTC.

Reason: The reason is quite interesting as it was a Ponzi scheme that offered the investors 7% weekly returns on their assets investors jumped into it and this was the destruction point and the market crashed due to this Ponzi scheme scam.

Total Loss: 56% total dump in this major crisis time a total scam of 700K BTC.

5th

The most recent dump was of May 2021 as BTC was I hype of the cycle in full Bullish market BTC hit the 64K ATH. Then our dear Ellon the shit poster not on that time but obviously he is a shit poster on the current timeline backed off from the BTC payments for Tesla products.

Reason: As I have mentioned Tesla created a fud environment for the BTC investors by backing the decision of BTC payments.

Total Loss: 53% total loss was faced by the market. The interesting fact was within a week $1T of total crypto market capital was wiped from the market and you can say that this was the real bloodbath after the 2011 incident.

Current situation

As for now, our Ath is 69K and we are in the sideways market same as in the 2014 to the 2017 Q3 the total loss is around 70% from the ATH. we are stuck in the resistance of 22k and support of 19k and its moving in these ranges a total capital we have lost until now is around $1T+ but who know what is going to happen in the coming week so be a ready to bear is about to end these pumps and dumps are temporary so focus the future and book the ticket to the train. Many Lunas are going to fail many shitposters are going to trap you to buy in cheap. Small holders get tired and bored soon which causes capitulation and Whales win always grab the maximum in cheap.
Source: https://finance.yahoo.com/news/7-biggest-bitcoin-crashes-history-180038282.html
Source: https://www.coingecko.com/en/coins/bitcoin

Point to Note

Source:Unkown image source

Always remember many Dumps and Pumps are gone and many are on the one thing that can’t be denied the power of BTC and its potential as a store of value. Many Shit-posters many MT GOX and many profit bookers played their roles but they were just the milestones not the destination.

No matter how it is going to be done but point BTC is freedom and this is going to be the world’s first and only digital store of value. There are questions in the panic situation that is BTC is a scam. Is it Ponzi our mindset is still not changed but in the future BTC is going to prove all these statements wrong again.

Just imagine how many times repeated questions can stop the BTC from reaching the destination believe in the potential and try to get out of the mindset, it is not an investment Ponzi scheme it’s the future that you are going to build for the next generation and they will thank you for the financial freedom.

Remember Weak hands always lose money no doubt that you need to face a hard time but the point is what are you getting right now, you cant regain it after few years so as many of us crying now they missed the train point is after few years many of us again are going to repeat their train so think now.



 

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[jackg]

There is still a chance we drop further too from this current cycle but weak hands will still make the highest losses regardless (and there's a limit to how much further we can fall).

It's notable too that most of these aren't instantaneous drops as a lot of newbies would imagine. Bitcoin has spent a long time to reach these -80% in price so that suggests there's support for bitcoin in the worst of scenarios and people still willing to buy the coin at half its ath even after a bit of a fall will come as a surprise to many too.

[CryptoHeadlineNews]

After critically analyzing this information given above, I got to fully understand how the circle of Bitcoin has been from time till date,  because I could notice how it got a rebirth after each dump in price and later skyrocked after a matter of 2-3yrs, which actually means it is a clear sign that Bitcoin still has the potential to do far more better in the near future irrespective that we are in a bearish period now with Bitcoin going up and down with $22k to $19k resistance

[Oilacris]

After critically analyzing this information given above, I got to fully understand how the circle of Bitcoin has been from time till date,  because I could notice how it got a rebirth after each dump in price and later skyrocked after a matter of 2-3yrs, which actually means it is a clear sign that Bitcoin still has the potential to do far more better in the near future irrespective that we are in a bearish period now with Bitcoin going up and down with $22k to $19k resistance

Most likely but it wont be a guaranteed thing because we dont know on what the future holds specially with Bitcoin but speaking about potential then we could really say that it is likely that we would be

seeing on the same behavior.History does repeat itself? No one knows since regulation and laws becomes even more strict specially on the platforms and services tied up with crypto but it wont really be

a total blockage if we do speak about adoption.Recognition is on the move as always and this is what we do need.Its hard and it might takes time but its not over
for this market and we would be continuing on the future years to come.

[Zlantann]

There is still a chance we drop further too from this current cycle but weak hands will still make the highest losses regardless (and there's a limit to how much further we can fall).

The effect of post Covid-19 economic challenges and the Russian invasion of Ukraine has really affected the global economic stage negatively. Inflation and employment has risen to the extent that people are now more concerned about thier basic needs than investment. These challenges have greatly affected the Bitcoin space because very few people are thinking of buying Bitcoin, while others are selling to raise funds to meet their daily needs. Hence the Bitcoin market have become so unpredictable and even when predictions are made it is always negative. But the recent increase in the price of Bitcoin is a clear indicator of its maturity and growing strength in the global financial industry. Therefore, there are also chances that we have entered the Bitcoin bullish era.

It's notable too that most of these aren't instantaneous drops as a lot of newbies would imagine. Bitcoin has spent a long time to reach these -80% in price so that suggests there's support for bitcoin in the worst of scenarios and people still willing to buy the coin at half its ath even after a bit of a fall will come as a surprise to many too.

The rate of acceptance and support Bitcoin have received in recent times even at this bearish market is real magical. In this season we have seen increase in the use of Bitcoin in most developing nation who perceive the currency as a hedge against inflation and escape route for high bank charges. Also more nation's are recognising Bitcoin as a means of exchange, while a nation currently adopted it as a legal tender. I think Bitcoin have even accomplished more recently even in the face of attacks and drop in price.

[bittraffic]

I thought after the introduction of leverage trading in crypto lesser percentage of the dump would begin for there will be a higher risk to bet on trends, it turns out more people are willing to risks. Just recently bears betting for the price to go deeper crash were burned for it, I think more than a Billion.

I entered into crypto in 2016, quite a profit after holding altcoins I've got. But learned also that holding them is not worth it after the bull market.

[Darker45]

Just like success, the price growth of Bitcoin isn't linear. You can't expect it to be so. How fool are we to expect the price to make a straight line from $0.01 to $100,000? It isn't sustainable that way, either.

Those who invest in Bitcoin and expect that the journey and path is easy-breezy should brace themselves for a certain disappointment. This is the reason why the get-rich-quick perception of Bitcoin only ends up with newbies panic selling with a loss.

[Hamza2424]

Many of my dear friends are talking above about the potential = the regulation. Agreed and not agreed as Regulation is good it will be the booster doze for the BTC but it can be dengrous too, As in future this regulation is going to cause more and more manuplation in the markwt which can not be a good move as for the weak hands especially. 

[passwordnow]

Many of my dear friends are talking above about the potential = the regulation. Agreed and not agreed as Regulation is good it will be the booster doze for the BTC but it can be dengrous too, As in future this regulation is going to cause more and more manuplation in the markwt which can not be a good move as for the weak hands especially. 

There are really some points about regulation and it will allow more financial institutions to join this bitcoin revolution and community that we're part of. Because they have no choice but to adopt it and be with what the current technology offers to the masses. But at the same time, we know the foundation of bitcoin and it being decentralized, that's really one of the counterparts of it for which somehow contradicts its main purpose from the beginning of its creation.

[tranthidung]

The Bitcoin Crash of 2021 Compared to Past Sell-Offs

If you love history of Bitcoin corrections, the above visual graphics can help you to explore it with comparisons amongst past corrections.

In general, the common and biggest lesson from past corrections is, if you survive through crashes, you will see a good growth of your portfolio. Another lesson is you must protect your capital well enough, keep your orders and positions safely because if you let crashes kill you, you will regret later when see Bitcoin climbing to higher highs or making new all time highs.

[ethereumhunter]

Remember Weak hands always lose money no doubt that you need to face a hard time but the point is what are you getting right now, you cant regain it after few years so as many of us crying now they missed the train point is after few years many of us again are going to repeat their train so think now.

I want to remind you to always have a strong hand in holding bitcoin, especially if the market conditions are not as good as they are now. But the current market conditions are better because the price could return to $20k and we can expect it to break through $21k and the next high. Right now is still a good time to buy more bitcoins because if the price has started to increase, we can miss buying at a low price. But that's just a suggestion and the rest is up to you.

[Despairo]

Even though Bitcoin suffer multiple time of major dumps, but Bitcoin always survive and make new ATH for every consecutive 4 years. This mean we should hold our Bitcoin at least 4 years to enjoy the huge return and don't become a weak hand who sell the coins at bear season. Bitcoin will never die and there's no chance for any hacker can hack Bitcoin, this make me very comfortable and secure to hold Bitcoin for long time.

[TravelMug]

I guess we just don't need to complicate things, its based on this 2 cycles: bull and bear.

In bear market, we will obviously see huge dump incoming, just like what we have seen already, from $69k to $17,500. So that is a huge decline already and to think that the bear market is just the beginning. We still have a full long year next year. So we should expect that maybe there could be more % to fall, And most likely we will see another lowest lows, in my opinion.

[cryptoaddictchie]

Even though Bitcoin suffer multiple time of major dumps, but Bitcoin always survive and make new ATH for every consecutive 4 years. This mean we should hold our Bitcoin at least 4 years to enjoy the huge return and don't become a weak hand who sell the coins at bear season. Bitcoin will never die and there's no chance for any hacker can hack Bitcoin, this make me very comfortable and secure to hold Bitcoin for long time.

Yes holding is the best way not to lose on cryptocurrency investment. But you should pick good coin like bitcoin. Dying is not an option for bitcoin, hence hacker could literally need a bigger consensus to turn it down. If you bought your bitcoin earlier then nothing to fear if even you didnt sell on last ATH cause you are still have chance to see more than what it did in thebcoming futures and history repeat itself.

[hugeblack]

Attempting to find reasons for such corrections is not accurate, even the percentages of increase and correction, which have proven to be completely backward according to the factors of each cycle, but the constant is the upward growth.
So what you will learn from these patterns is not something of value as much as it shows the effect of increased demand and limited supply on the price.

[arwin100]

Even though Bitcoin suffer multiple time of major dumps, but Bitcoin always survive and make new ATH for every consecutive 4 years. This mean we should hold our Bitcoin at least 4 years to enjoy the huge return and don't become a weak hand who sell the coins at bear season. Bitcoin will never die and there's no chance for any hacker can hack Bitcoin, this make me very comfortable and secure to hold Bitcoin for long time.

Yes holding is the best way not to lose on cryptocurrency investment. But you should pick good coin like bitcoin. Dying is not an option for bitcoin, hence hacker could literally need a bigger consensus to turn it down. If you bought your bitcoin earlier then nothing to fear if even you didnt sell on last ATH cause you are still have chance to see more than what it did in thebcoming futures and history repeat itself.

But only few people can able to handle such huge stress since the normal scenario is people start to dump when market collapse. Especially when more negative news hitting up so people first reaction is to save their selves from touching hell.

If many are just calm towards certain situations most provably we can see the bearish market condition goes short time only.

[KaliLinux]

Remember Weak hands always lose money no doubt that you need to face a hard time but the point is what are you getting right now, you cant regain it after few years so as many of us crying now they missed the train point is after few years many of us again are going to repeat their train so think now.

I want to remind you to always have a strong hand in holding bitcoin, especially if the market conditions are not as good as they are now. But the current market conditions are better because the price could return to $20k and we can expect it to break through $21k and the next high. Right now is still a good time to buy more bitcoins because if the price has started to increase, we can miss buying at a low price. But that's just a suggestion and the rest is up to you.

There have been different analysis to the market price movement and in one thread I posted on earlier today, there were these scenarios shown of different little pumps in the market price even during the bear market, and we could be seeing that with what has happened to BTCitcoin price since like Oct. 22 to now or are we really on a breakout like what the BTC Macro RSI chart is pointing at below?

I saw this BTC Macro RSI chart in one of the telegram group (Bitcoin News) I am following which states that, we might be seeing a  "bullish breakout of its trendline since January 2021 top" and this pattern has occurred in previous years before the big rally upward. Can we see the same thing happening again going forward for Bitcoin price?
However, in all situation, I believe that investing in Bitcoin during this time would be a wise choice by anyone.

[Hamza2424]

Even though Bitcoin suffer multiple time of major dumps, but Bitcoin always survive and make new ATH for every consecutive 4 years. This mean we should hold our Bitcoin at least 4 years to enjoy the huge return and don't become a weak hand who sell the coins at bear season. Bitcoin will never die and there's no chance for any hacker can hack Bitcoin, this make me very comfortable and secure to hold Bitcoin for long time.

Yes holding is the best way not to lose on cryptocurrency investment. But you should pick good coin like bitcoin. Dying is not an option for bitcoin, hence hacker could literally need a bigger consensus to turn it down. If you bought your bitcoin earlier then nothing to fear if even you didnt sell on last ATH cause you are still have chance to see more than what it did in thebcoming futures and history repeat itself.

Agreed Holding is the best way to secure your Future. On the side of the Choosing the asset dear do you really find any other asset rather than Bitcoin, thats strange. Rest of the things are pick a side to invest in the bear line and also pick your own Strategy as for me recommended is DCA.

[Kelvinid]

...
Remember Weak hands always lose money no doubt that you need to face a hard time but the point is what are you getting right now, you cant regain it after few years so as many of us crying now they missed the train point is after few years many of us again are going to repeat their train so think now.

Weak hands are less likely to succeed and improve their living but remain low. And whatever we wanted to help them, we just encounter misunderstandings and rejections.
If we all are just willing to change and correct our mistakes, I could imagine that many people have improved their lives. I learn that with all the difficulties we face day by day, there is really a great reward waiting for us. Those who take the risk of holding while others are busy selling their Bitcoin have made bigger rewards in the end. I'd see this not in myself, but I'd see this because the market show to us.

[Inwestour]

Weak hands are less likely to succeed and improve their living but remain low. And whatever we wanted to help them, we just encounter misunderstandings and rejections.
If we all are just willing to change and correct our mistakes, I could imagine that many people have improved their lives. I learn that with all the difficulties we face day by day, there is really a great reward waiting for us. Those who take the risk of holding while others are busy selling their Bitcoin have made bigger rewards in the end. I'd see this not in myself, but I'd see this because the market show to us.

Each new cycle is another chance for those who left the game too early last time. The cycles have already been repeated so many times that it seems to me that everyone should understand how it works and this time more holders will be able to become successful. But probably again there will be those who will sell too early, there will be those who will sell if the market goes even lower, the market will knock out the weak as it always does.