Bitcoin’s Biggest Wins and Greatest Losses

RealMalatesta

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Quote from: Willitivity on October 08, 2019, 01:40:23 PM

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.

It amazes me how so many people have easily forgotten the achievements of bitcoin, judging from its background and where it is coming from. If bitcoin was a government introduced currency, I doubt if the value would even have passed $1000 till date, because government would even do everything possible to control it and majority of us who has benefited in bitcoin would not be able to do so right now as we have.

I know that bitcoin has had some losses, but I am really looking beyond the losses and looking at its achievement so far which to me, bitcoin achievement has been more than its losses and I think that over time, bitcoin achievement will be more recorded. I am also certain that within the next 5 years, the level of bitcoin development would have reason and surpasses all the progress it has had in the past.

Slow death

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We are all focusing on price, the news channels constantly publish technical analysis and talk about price forecasts. I also like when the price goes up a lot, but we also need to start talking about how many places in the world are accepting bitcoin as a means of payment? How many countries in the world have legalized bitcoin? how many new people are joining bitcoin daily? how much fresh money is entering the crypto world daily? which country buys the most bitcoin?

Casdinyard

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Indeed a roller coaster ride, it sounds cliche but this word suits best for the movement of bitcoin.

Though, bubble really burst out last year of and even by now there is no sign of bull run and more likely to be on a stable manner. While some says that the movement is more organic growth but personally this is what made some people distant their investment, all they want is quick bucks in their pocket.

Mike Mayor

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Quote from: JessicaVL on October 15, 2019, 09:34:47 AM

Quote from: AniviaBtc on October 07, 2019, 07:41:38 AM

Quote from: JessicaVL on October 04, 2019, 11:10:21 AM

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.

For sure! It seems like we're heading towards a bull run, so Bitcoin could very well reach the same prices of 2017 or even beat them in the near future. Historically we've seen Bitcoin prices skyrocket shortly after a halvening (with the next one happening in May 2020), so we could see Bitcoin reach new peaks following that event. .

Maybe, it does make sense for the price to be driven up by a halving since it essentially makes the remaining bitcoins 2x as valuable. However, you must also remember that there are existing bitcoins too so it will bring that number down a bit. When all the bitcoins are mined we will see some huge price rises. We still in early adoption and I believe most people with a bitcoin or more are already rich if they just hodl a few years.

Darker45

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This goes to show that Bitcoin has gone through lots of ups and downs, best and worst days, death and resurrection even, in its 10 years of existence. A good reminder to all that whatever it is that is happening to Bitcoin today, whichever direction the price line is headed to, or however it is being portrayed by the media or accepted by the governments, it will continue to breathe.

And whether Bitcoin is winning or losing in its price value, there are always people who are happy and sad. The largest nosedive that happened in the history of Bitcoin price did not necessarily make everyone cry just as the highest soaring it has achieved did not make everyone happy.

Kakmakr

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MtGox was most certainly one of the worst things that happened in Bitcoin's history and the price spike in 2017 was a highlight for me. Strange how these two events are both linked to something that had a major impact on the Bitcoin price. Roll Eyes

The day when Microsoft started to accept bitcoins on it's online gaming platform was also groundbreaking at the time and we flooded the Reddit sections with bitcoin tips. Grin

The total journey are full of action and life changing. Wink

henmark

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Quote from: JessicaVL on October 15, 2019, 09:43:02 AM

Quote from: deadsilent on October 07, 2019, 08:19:39 AM

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.

Bitcoin is still the largest coin by market cap, and has the highest number of active users. Yes there are many coins, but the diversifaction of the market is not a bad thing! The volatility of the crypto asset markets has been considered in both a positve and negative light by many analysts, so you definitely have a point!

Yes, I am not totally going to go against diversification, it is good to diversify our investment but at least all these coins that has no future should stop choking the market and really getting people confused on their investment choice, like he said, people are really divided and that is the truth, they are divided in the sense that the time and energy that they would have used in promoting bitcoin , they are there promoting other coin because they at one point promises to give them the heaven and earth that they will never get.

If those investors did not get a diverted attention, I am sure that by now, bitcoin would have being at its total peak, but every energy that is meant to be channeled in bitcoin is actually channeled on this coins which is really making the dominance of bitcoin not to even have reached 100%

JessicaVL

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Quote from: deadsilent on October 07, 2019, 08:19:39 AM

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.

Bitcoin is still the largest coin by market cap, and has the highest number of active users. Yes there are many coins, but the diversifaction of the market is not a bad thing! The volatility of the crypto asset markets has been considered in both a positve and negative light by many analysts, so you definitely have a point!

JessicaVL

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Quote from: Wexnident on October 07, 2019, 08:09:44 AM

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.

Government interest in Bitcoin and in the crypto asset industry could definitely help boost the price of Bitcoin (or at the very least, the demand). We are techically still in the early adoption phase, so we must expect Bitcoin's growth to increase tremendously. .

JessicaVL

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Quote from: yazher on October 07, 2019, 07:43:53 AM

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.

You have a point - positive reinforcement from government can help boost the crypto asset industry. Bitcoin has dominance over the crypto asset industry, so it makes sense that when it's price rises, the prices of altcoins do too. We could very well see Bitcoin reach new peaks in prices in the next year, as we're expecting a bull run in the not too distant future.

JessicaVL

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Quote from: AniviaBtc on October 07, 2019, 07:41:38 AM

Quote from: JessicaVL on October 04, 2019, 11:10:21 AM

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.

For sure! It seems like we're heading towards a bull run, so Bitcoin could very well reach the same prices of 2017 or even beat them in the near future. Historically we've seen Bitcoin prices skyrocket shortly after a halvening (with the next one happening in May 2020), so we could see Bitcoin reach new peaks following that event. .

JessicaVL

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Quote from: CLS63 on October 07, 2019, 07:22:56 AM

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.

Willitivity

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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.

Bitcoininvestment

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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.

Astvile

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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.

Herbert2020

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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!

Eugenar

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Quote from: deadsilent on October 07, 2019, 08:19:39 AM

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.

Tonteus

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Quote from: sureshverma on October 07, 2019, 09:43:42 AM

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

Naida_BR

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Quote from: JessicaVL on October 04, 2019, 11:10:21 AM

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.

dothebeats

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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.

Topic: Bitcoin’s Biggest Wins and Greatest Losses (Read 304 times)