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Author Topic: Is there any reference in terms of an asset recovering current's Bitcoin fall %?  (Read 934 times)
AtheistAKASaneBrain
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September 23, 2014, 05:10:27 PM
 #1

We hit an ATH of about 1.1K USD, now we are marinating on the 400-380's. That's a big % of price decrease.

My question is: Has something ever recovered from such a loss? and has something ever doubled, tripled, cuadrupled a similar ATH? Show me the graphs, because I can't think of any past events. This is the true test for Bitcoin. It has to surpass the ATH to demonstrate it's trully unprecedented.
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noob2001
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September 23, 2014, 05:15:44 PM
 #2

We hit an ATH of about 1.1K USD, now we are marinating on the 400-380's. That's a big % of price decrease.

My question is: Has something ever recovered from such a loss? and has something ever doubled, tripled, cuadrupled a similar ATH? Show me the graphs, because I can't think of any past events. This is the true test for Bitcoin. It has to surpass the ATH to demonstrate it's trully unprecedented.

Bitcoin got pumped up by speculators, and the price became unsustainable and the market corrected. This is not unusual, and 75% to 80% corrections are normal and healthy for markets.
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September 23, 2014, 05:25:52 PM
 #3

Type "nasdaq chart" into Google and you will see these data points:

Mar 10, 2000: 5000
Sept 27, 2002: 1200
Currently: 4500

It took 2.5 years for the index to fall to 1200 and 12 years to get where it is today.

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BitDreams
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September 23, 2014, 09:16:23 PM
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As long as you understand that bitcoin technology has the ability to speed up activity, such as represented on a chart...

Yep, let's step back and look at the bigger picture from my blog.

http://ponziunit.blogspot.com/2010/09/spx-big-fractal.html?q=spx



The assumption that bitcoin should be valued by an arbitrary currency is not really the point though, the point is does the technology get used and to that I say Bitcoin gets used everywhere.
odolvlobo
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September 24, 2014, 12:15:10 AM
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We hit an ATH of about 1.1K USD, now we are marinating on the 400-380's. That's a big % of price decrease.

My question is: Has something ever recovered from such a loss? and has something ever doubled, tripled, cuadrupled a similar ATH? Show me the graphs, because I can't think of any past events. This is the true test for Bitcoin. It has to surpass the ATH to demonstrate it's trully unprecedented.

The bitcoin crash in June 2011 dwarfs this recent one in relative terms, dropping from an all time high of about $30 to about $2.5 over 6 months. That's a 90% drop. And now we are at $400.

http://bitcoincharts.com/charts/mtgoxUSD#rg60zczsg2011-04-01zeg2011-12-01ztgSzm1g10zm2g25zv


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OrientA
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September 24, 2014, 09:12:03 AM
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As the market capital of BTC get larger, it becomes more stable. The general trend is up.
thejaytiesto
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September 24, 2014, 04:49:45 PM
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Type "nasdaq chart" into Google and you will see these data points:

Mar 10, 2000: 5000
Sept 27, 2002: 1200
Currently: 4500

It took 2.5 years for the index to fall to 1200 and 12 years to get where it is today.

OP asked for ATH being breaked twice. Did nasdaq ever go above 5000? And the question is, will BTC take a similar long time to reach 900? I hope not as this would mean adoption way slower than expected.
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September 24, 2014, 10:05:07 PM
 #8

We hit an ATH of about 1.1K USD, now we are marinating on the 400-380's. That's a big % of price decrease.

My question is: Has something ever recovered from such a loss? and has something ever doubled, tripled, cuadrupled a similar ATH? Show me the graphs, because I can't think of any past events. This is the true test for Bitcoin. It has to surpass the ATH to demonstrate it's trully unprecedented.

bitcoin itself has seen worse than this and recovered.

the past of bitcoin is probably the best to compare it to.


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