Topic: Bitcoin's historical low and the lessons it teaches us (Read 1628 times)
That wasn't even the lowest price ever recorded. That was just the lowest only when it was been famous and hadmany holders and have enough volume. Its lowest price is when it started and only used by hundreds of people as it is only being popularized and tested.
If you invested in the Bitcoin, you should Hodl it, there is nothing you can do more for me. Actually i believe that everyone should have bitcoin as much as they can have and save it. Because i am waiting the big raise like $50.000. If you don't want to feel the regret do it, buy it..
This can happen again and we already know what to do. Price fluctuations will also be witnessed in the future. It is all due to the greed of everyone. The lesson to teach is never to panic; buy while it is suffering like present; Sell in the rising period.
Bitcoin's historical low taught us the lesson that anything can take place in bitcoin and in crypto world. So one should always be prepare for the worst. In this bitcoin zone patience is must needed. There is no need of selling bitcoin in panic if the price value decreases because one day or other there will be rise also. So bitcoin's historical low teaches us to be have patience have go with the flow.
The moral of this down fall according to me is anything could be happen in this crypto world so, we should always be prepare for every thing and no matter what happen we always keep patient.
by looking at the history, we can conclude that recovery is certain, the problem at this time (this year) is that bitcoin has been overhyped at the beginning of the year so the possibility that it will happen will not replicate patterns like last year, which is the hype every year still relatively ordinary
Bitcoin has proved that it is no longer experimental. Nobody will ever wipe out the bitcoin again.
The volume of the market, its mobility, makes it clear to us.
We want it to fulfill its goal, it not can substitute for physical money.
But in the future, alt-coins can take the place of physical money.
The volume of the market, its mobility, makes it clear to us.
We want it to fulfill its goal, it not can substitute for physical money.
But in the future, alt-coins can take the place of physical money.
i don't know why coinmarketcap has become popular for people as a go to when they want to check the price! it is the worst place you can check the price from. it gives you the average, the charts aren't accurate,...
there you go: https://bitcoincharts.com/charts/mtgoxUSD#czsg2010-06-01zeg2010-08-17ztgSzm1g10zm2g25
$0.05 on July 2010.
since you love (the meaningless) market cap so much by July 2010 supply of bitcoin was
19 months * ~30 days * 144 blocks/day * 50 BTC/block = 4,104,000
market cap of bitcoin = 4,104,000 * 0.05 = ~$205,200
but the actual lowest price of bitcoin recoded ~
there you go: https://bitcoincharts.com/charts/mtgoxUSD#czsg2010-06-01zeg2010-08-17ztgSzm1g10zm2g25
$0.05 on July 2010.
since you love (the meaningless) market cap so much by July 2010 supply of bitcoin was
19 months * ~30 days * 144 blocks/day * 50 BTC/block = 4,104,000
market cap of bitcoin = 4,104,000 * 0.05 = ~$205,200
That is a nice website for stats
But the question why CMC has won the race of popularity about such charting sites is an interesting one.
Yes it is right that the bear market teaches us many thing such as patient, timing, and also it remain us that the bitcoin market is totally unpredictable.
That is a pleasant examination and actually, I didn't know anything about bitcoin since that first day. Entirely considered it since that wasn't a fundamental one.
Be that as it may, when I run over such data then it lets us know in irregularity how quick and far we have come since those days. Can envision effortlessly how superb it owl have been back in the time when the reward was around 50 BTC per square. I mean effectively one can play out the activity with PC process control and have those much BTC.
All things considered, no doubt the coin market is a somewhat excessively essential form that we see today and that is the reason a large portion of the general population like it. Maybe not every one of them is being to geek.
Be that as it may, when I run over such data then it lets us know in irregularity how quick and far we have come since those days. Can envision effortlessly how superb it owl have been back in the time when the reward was around 50 BTC per square. I mean effectively one can play out the activity with PC process control and have those much BTC.
All things considered, no doubt the coin market is a somewhat excessively essential form that we see today and that is the reason a large portion of the general population like it. Maybe not every one of them is being to geek.
Yes there is no reason to worry and I am not worried as an Bitcoin investor. Because the Bitcoin prices will increase after the price decreases. Previously there was a lot worse situation than we were at this stage. It is sure to go to a better stage in the future.
It is definitely possible that the current price of Bitcoin will be much higher than the previous price and the price will increase further in the future. But I'm not sure how much it will increase. And the question is not to leave, if possible, I'll invest more.
I think history will be repeating itself. Price fluctuation will be witnessed in future too. It is not the fault of the bitcoin that it goes so high and then dips to unbelievable lows. It is just all due to the greed of people. Some People want to be rich overnight that is why certain secret games are played by speculators.
Lesson to teach is never panic; buy while it is bear phase as it is now; sell in bull phase.
Lesson to teach is never panic; buy while it is bear phase as it is now; sell in bull phase.
To imagine how much bitcoin capitalization has increased, you need to understand: 1,000,000 seconds are 11 days and 1,000,000,000 seconds are 31 years. The bitcoin enters the turbulence zone 
i want to suggest you please don't panic when the price of bitcoin getting low. market will recover soon. keep your faith on bitcoin.
It will be correct that those fall for bitcoin may be by any means authentic in light in the historical backdrop on bitcoin this sort of fall struck them for those initial period However it also provides for us a great lessing that crypto showcase is by any means flighty anything Might be happen here.
Basically that experience gave us a lot of lessons which we really need. I don't treat that bad experience as a failure of bitcoin rather it's a blessing in disguise. Well what I'm saying is the help we got from it because that taught us what we have to do once it happens again. I hope that the moment it happen again we can already deal properly.
I understand your concept. So we should not concern when market is down. Only few people believe this because most of the people have not proper knowledge about this market. But I belive future people will learn deeply.
I understand the meaning of your writing, we should not panic with this down-market situation because there was once a worse decline than this and now more can be expected than before.
i agree, we have been through much worse, so its important not to panic now, and wait it out
you are right when bitcoin are start in crypto market it is smale and if you now see this it is more big market. it is also popular and well known by people. it is more potential and promising. it will do good in future. because it is made by advance blockchain technology.
yes it is very good sign for bitcoin because if you compare with bitcoin in first stage with this present stage here huge difference. it is now more wealthy and big market for investor. it will consist of continue grow up. it is now more popular in the world.
Jump to: