Topic: Bitcoin’s Biggest Wins and Greatest Losses - page 2. (Read 304 times)

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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.
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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/