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

[Easteregg69]

I have some BTC on Kucoin.

[Hamza2424]

I have some BTC on Kucoin.

Holdings should not be on the centralized exchanges as this not at all safe. For trading you can say on some instinct you can temporarily hold Funds on the centralized exchanges rest is upto the holder from which intensions he is holding. Funds in custody are much more secure.

[kryptqnick]

I like the list, and I particularly like the reasons for dumps which are outlined there because, while linking to particular events, there's also an understanding that what matters isn't only the event but also the reaction of people to it. Moreover, I think we should remind ourselves about the dumps and how much value was lost in them, so that we can also remember how nicely Bitcoin recovered and exceeded its previous heights after what seemed like a huge defeat. It's an inspiring story. Maybe once there will the final dump, but IMO there must be a very good reason for it. Regulations, speculations, exchange exit scams aren't good enough for that.

[avikz]

There is only one thing to learn from such dumps. That it is an opportunity for all retail investors. Anytime in future, if you are seeing such dumps happening and market is moving to red, buy and hold. That's what I personally do.

Pump and dump are all part of the gameplan and you can not escape that. So instead of getting depressed why the price is moving down, turn it to your favor and score more bitcoins at lower price. That's the best way to beat the blues!

[Leviathan.007]

Since many people started to join bitcoin market after the rise of bitcoin price back in 2017 mostly people seen the dump on 2018 and how the price recovered was really long but amazing for the people how were waiting for this time but  recently we had another price dump and from what we saw in the past we can be sure about recovering the price after some time that's what history tough us.

[Hamza2424]

I like the list, and I particularly like the reasons for dumps which are outlined there because, while linking to particular events, there's also an understanding that what matters isn't only the event but also the reaction of people to it. Moreover, I think we should remind ourselves about the dumps and how much value was lost in them, so that we can also remember how nicely Bitcoin recovered and exceeded its previous heights after what seemed like a huge defeat. It's an inspiring story. Maybe once there will the final dump, but IMO there must be a very good reason for it. Regulations, speculations, exchange exit scams aren't good enough for that.

Exactly sir as you mentioned such a dumps can be sole motivation for us Bitcoin even at its early stages when the idea was not popular survived the 99% of the Dump and today you and me better know how powerful scope of BTC is..

Since many people started to join bitcoin market after the rise of bitcoin price back in 2017 mostly people seen the dump on 2018 and how the price recovered was really long but amazing for the people how were waiting for this time but  recently we had another price dump and from what we saw in the past we can be sure about recovering the price after some time that's what history tough us.

Noted as this is a Major fact that the popularity of BTC in the civilians was after the 2017 ATH actually everyone jumped into it for the profit booking but after 2017 people found that its not the profit booking hype gem its a real store of value and essential for fulfilling the financial needs.

[fuguebtc]

There is only one thing to learn from such dumps. That it is an opportunity for all retail investors. Anytime in future, if you are seeing such dumps happening and market is moving to red, buy and hold. That's what I personally do.

Pump and dump are all part of the gameplan and you can not escape that. So instead of getting depressed why the price is moving down, turn it to your favor and score more bitcoins at lower price. That's the best way to beat the blues!

The only lesson that I have learned from what the OP summed up is that the market is only 2 things up and down, everything is always intertwined. After a bull market there will be a bear market and everything will turn around like that. Our job is very simple, buy when the market bears and hold patiently until the bull market, we will have a worthy reward. The market doesn't puzzle us, we don't need to make things more complicated.

[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.

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.

If that really happens, the bullish breakout could happen again at the end of the year or early next year because the trend line may look almost the same as the previous year. But we must also keep in mind that the current situation of bitcoin is different from previous years so we need to make another analysis if that is not going to happen. And we can also adapt to situations and conditions in the market to take advantage of the market.

Investing in bitcoin is a wise choice that anyone can make, but they should analyze before investing to get the right position to start buying. Don't just follow other people's advice because it doesn't guarantee you will get the benefits you think you will. Hopefully, the history will repeat itself

[LogitechMouse]

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.

Getting profit in investing requires patience as well. If you choose to hold your Bitcoin rather than making unnecessary and wrong decisions, you will definitely lose your money.

Weak hands really will lose money because investing in cryptocurrency isn't for those who people who are panicking easily. Investing in crypto is for those who can endure the pain of having an impermanent loss with their portfolio.

What to learn? I guess to hold especially if you trust the project but at the same time, know when to sell if it's really needed. I mean there are certain coins like Bitcoin and Ethereum who went down massively in the bear market but after that, a gradual upwards movement until the bull run starts and it went up. On the other hand, there are some coins or projects especially those altcoins that you chose to hold but, in the end, it didn't go the way you wanted, and you lose your money after deciding to hold it for years. Just always have a strategy and not more than 1 plan.

[serjent05]

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.

If we consider Bitcoin as a Ponzi scheme then we can also say that the all the market is a huge Ponzi scheme.  The bitcoin market is driven by demand, emotion, and supply meaning, it follows a natural course of trading though there might be some manipulation, this manipulation doesn't last long, it always is corrected by the market itself.

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.

We don't need to get out of the mindset, we just need the right mindset about Bitcoin.  The right information and proper education and research is needed to not be swayed by people who pretends to be knowledgeable but yet have hollow understanding of Bitcoin.

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 agree, weak hands always end up losing but there is always another opportunity to reenter the market.  As shown in the first post, the Bitcoin market always open its windows for a new entry point to invest and reinvest in Bitcoin Industry.

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 of the dumps are within the 4-year cycle, after the Bitcoin halving hype, following Bitcoin FOMO where the price of Bitcoin records a new series of ATH. Then after the ATH, a series of dumps happen that give way to a bear market.

What I learned from the market flow of Bitcoin is that, profit is inevitable if we timed out investment during the bear market and losses is unavoidable if we get FOMOed and buy during the peak(that is if we intend to sell after a year or two).  In order to get profit during the ATH buy, we need to either cost average during the major dump which is expected to happen after ATH and wait for the next FOMO which happens after the Bitcoin halving.



 

[Hamza2424]

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.

If we consider Bitcoin as a Ponzi scheme then we can also say that the all the market is a huge Ponzi scheme.  The bitcoin market is driven by demand, emotion, and supply meaning, it follows a natural course of trading though there might be some manipulation, this manipulation doesn't last long, it always is corrected by the market itself.

That's the fact market can be manipulated but this manipulation cant last long as the market is based on volume, sentiments, and emotions as mentioned above if you want to make permanent changes what you need is control over the facts as emotions, volume, and decentralization of market pairs. If you are able to capture the emotions and volume then that's it. The point is market mutilations are short-term emotional damage and this can be done by some panic news as always.

[AmoreJaz]

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.

If we consider Bitcoin as a Ponzi scheme then we can also say that the all the market is a huge Ponzi scheme.  The bitcoin market is driven by demand, emotion, and supply meaning, it follows a natural course of trading though there might be some manipulation, this manipulation doesn't last long, it always is corrected by the market itself.

That's the fact market can be manipulated but this manipulation cant last long as the market is based on volume, sentiments, and emotions as mentioned above if you want to make permanent changes what you need is control over the facts as emotions, volume, and decentralization of market pairs. If you are able to capture the emotions and volume then that's it. The point is market mutilations are short-term emotional damage and this can be done by some panic news as always.

i don't think btc market can be manipulated these days. there are so many stakeholders that are already in this market. in my opinion, no one can solely influence the movement of the market as it would take a lot of money to at least make a dent in the trading market. this has grown so big already where no single entity can dictate the path of btc. this market has evolved many times over, and yet, we are still here continuously supporting this market despite the huge fall from its ATH. the hope is still there because more and more people are joining in this market. only newcomers or who lost big will think that btc is a ponzi market. if you educate yourself, you can learn more or better yet, gain something out of this market.

[LittleBitFunny]

Since many people started to join bitcoin market after the rise of bitcoin price back in 2017 mostly people seen the dump on 2018 and how the price recovered was really long but amazing for the people how were waiting for this time but  recently we had another price dump and from what we saw in the past we can be sure about recovering the price after some time that's what history tough us.

I'm one of those people who experience this thing, I am very frustrated that time I got my first bitcoin but then it only took me week before it all gone, i really hope that I converted it to stable coin since i am need of money that time , the next time I will have bitcoin, I'll make sure to divide into half , for I will convert into cash and will still hold.

Rather than converting into cash it is good to hold in the form of stablecoins. Majority of the users would've experienced it. It was the year in which I lost everything, because I don't know about the market much. I was expecting the increase in the price. Even when the price started to fall, I was expecting it'll recover and it kept falling and finally I was in heavy loss against the investment. Now I've understood the market and used to keep myself safe when the market is highly volatile.

Yes, the period 2017-1018 was really a bad experience for a lot of people, I was also a victim of it. This is my first time having a market crash, I was panicking when bitcoin dropped from 20k$ to 3k$ and I thought that was the end for bitcoin and the market. I cut loss my whole portfolio and I remember my loss was 90% and the amount got back was almost very small compared to the amount invested in it. But thanks to such an expensive experience I am now very confident with bitcoin and the market I dont even expect bitcoin to rise again any time soon, I still want to fill my bitcoin pocket at this price because I believe and for sure bitcoin will rise again and hit the $100k.

[Faisal2202]

Your post make me satisfy,
Reason:
As after reading all of the above dumps even when there was huge strom of unawareness. Adoption was not that streamline as of today. Number of famous people, authorities and governments are increasing in numbers to adopt BTC mainly. Why don't they adopt or talk of any other token? You should write on this too. Well back to reason. Environment for BTC back than was bad but now it seems far better. And stats and numbers showing more growth in it. As we are moving forward not back. Forward means, to the digitalization. METAVERSE, WEB3.0, NFTs, Gaming, etc have started to leverage the blockchain technology. I must say blockchain is the main core of crypto. Is there any new technology present bteer than blockchain. If not? Than we are seeing BTC, bullish in the long run

[BIT-BENDER]

If you are very interested in the history of Bitcoin then you may be ready to always continue in that interest. We all can see that crypto-currency is very volatile and this is unending. All my existence of knowing about Bitcoin I have read up history of its pump and dump. But when ever you realize that Bitcoin isn't on the same altitude as other crypto-currency you only see the dump as yet another normal period.

I think all this stories of the dump should be for historical purposes but this might not because some newbies can be scared away if they aren't properly guided. My advice is don't only see bitcoin as a prized investment opportunity but as a solid financial system alternative.

[The Cryptovator]

Nothing much to learn, but only one thing to learn Bitcoin history repeats. Whenever a bear comes then we have seen a massive bull later which has been breaking each ATH most of the time. Currently, we are in bear if you compare it with the ATH. And it would start to recover at any time. But like always we become panic during a bear market. History shows us always holder become gainers.

[ShowOff]

i don't think btc market can be manipulated these days.

Why not, it's always possible if you have good financial strength or maybe when you have thousands of bitcoins in your wallet that you send to exchanges. At least these two steps can change the market conditions to go up or down because people will always monitor the big movement all the time.

It is true that many people are getting educated about the market and how they behave. However, not everyone is able to control their psychology, especially when the funds they use are not completely free from other interests such as needs. It is a fact and rality that the process of decline and increase does not occur instantly, increases and corrections will create patterns that will support the analysis of where the price is moving.

[Yamifoud]

I'd learn that OP with all of these dumps happening, pumps will come next. These market events, somehow teach us that we need to be patient and adapt to the nature of the market otherwise, losses are what we got. It is quite often that it was been turn to negative when seeing this situation but I learn that not all dumps are negative, yet I consider this as an opportunity as well, as an Investor, it is me a chance to buy potential in a cheaper price and make a huge profit when I sell them during the bull season.

[Slow death]

you forgot the dump you had in 2018 when the price dropped from 19000$ to 3100$, this was the worst dump, this dump from 6000 to 17500$ is something natural because it has to do with the crisis that every market is suffering with the war in ukraine, but the dumps of the past were really thanks to the fact that many people were buying because they imitated other people and it was enough to have profits they started selling a lot and the price dropped a lot it was pure pump and dump

I'd learn that OP with all of these dumps happening, pumps will come next. These market events, somehow teach us that we need to be patient and adapt to the nature of the market otherwise, losses are what we got. It is quite often that it was been turn to negative when seeing this situation but I learn that not all dumps are negative, yet I consider this as an opportunity as well, as an Investor, it is me a chance to buy potential in a cheaper price and make a huge profit when I sell them during the bull season.

these events teach us that you shouldn't buy at the top thinking that the price will keep going up, this mistake has happened to many people, you shouldn't think that the price will go to the moon, it will be 100,000$ just because it's at 60,000$ so you have to buy because you heard that the price will be 100,000$, you shouldn't do that, and we are here today with a price of 20,000 and not 100,000

[Minecache]

i don't think btc market can be manipulated these days.

Why not, it's always possible if you have good financial strength or maybe when you have thousands of bitcoins in your wallet that you send to exchanges. At least these two steps can change the market conditions to go up or down because people will always monitor the big movement all the time.

Cryptocurrency market capitalization is still very small compared to other financial markets, even the total market capitalization is lower than the total capitalization of a corporation like apple which is more than 2 trillion while the capitalization of crypto is 1 trillion. Although the market operates according to supply and demand, manipulation is inevitable. Do you remember Elon? he can easily manipulate the market with just a few tweets. Fuds are also considered to be the most frequent and visible manipulation tools available today.