Historic BITCOIN crash | Bitcointalksearch.org

carlisle1

hero member

Activity: 2744

Merit: 541

Campaign Management?"Hhampuz" is the Man

Quote from: zarados on January 30, 2018, 10:55:32 PM

let me remind you of this, that this is not the first time bitcoin has crashed very significantly and its not the worst of all crash. (correct me if i'm wrong) Based on bitcoin history, crashes occur on:

2011 jun- Nov: -97%---> From $ 32 to $ 2
2012 jan - Aug: -36%---> From from $ 7 to $ 4
2013 Mar 6 -11: -25%---> From $ 49 to $ 36
2013 Apr 10: -79%---> From $ 266 to $ 54
2014 Feb 24: -49%---> From $ 867 to $ 439
2017 jun 11-16: -36%---> From $ 3,000 to $ 1.869
2017 Sept 2-15: -40%---> From $ 5,000 to $ 2,972
2018 Jan 17: -48%---> From $ 19,783 to $ 9,496

If viewed from history, crashes often happen every year since 2011 and proved that this year is not the worst year of the year - the year before. What do you think, whether this crash will continue or not?

This is must seen by all of the cryptonians that has been in panicking moments because of bitcoin crashing we must use this thread as preference for our mind setting attitude .as the volatility of cryptocurrency is indeed,and must always consider when deciding to invest here.thanks to oP FOR THIS reminders this is a really big help

dreamax25

full member

Activity: 365

Merit: 103

Here is a sum up of the largest Bitcoin crashes in history!

https://coincodex.com/article/2703/top-5-largest-bitcoin-crashes-in-history/

tee-rex

hero member

Activity: 742

Merit: 526

Quote from: orions.belt19 on March 05, 2018, 12:21:35 PM

Quote from: Qunenin on March 05, 2018, 11:50:19 AM

Quote from: zarados on January 30, 2018, 10:55:32 PM

let me remind you of this, that this is not the first time bitcoin has crashed very significantly and is not the worst of it all. (correct me if i'm wrong) Based on bitcoin history, crashes occur on:

2011 jun- Nov: -97%---> From $ 32 to $ 2
2012 jan - Aug: -36%---> From from $ 7 to $ 4
2013 Mar 6 -11: -25%---> From $ 49 to $ 36
2013 Apr 10: -79%---> From $ 266 to $ 54
2014 Feb 24: -49%---> From $ 867 to $ 439
2017 jun 11-16: -36%---> From $ 3,000 to $ 1.869
2017 Sept 2-15: -40%---> From $ 5,000 to $ 2,972
2018 Jan 17: -48%---> From $ 19,783 to $ 9,496

If viewed from history, crashes often happen every year since 2011 and proved that this year is not the worst year of the year - the year before. What do you think, whether this crash will continue or not?

i viewed it, and these were big crashes, but this bitcoin history give us lesson that every pump give us dump and after big crash it mean the time is coming when we will see bitcoin again rise. Now in this time bitcoin crash from $19783 to $9496. Then the next year we will see bitcoin crash from $25000 to $15000.

What OP was trying to point out is that bitcoin has experienced much worse crashes in the past as compared to the price drop that we are experiencing right after the ath of almost $20K. People have been worrying and saying that bitcoin is about to die just a few months back when in the past, bitcoin has been in much worse conditions. Pumps don't always follow dumps - sometimes the price would rise steadily. It may be seen however that it's but expected for there to be a correction after experiencing a pump.

I emphatically beg to differ. The crashes you refer to may have been worse in percentages but, first, how many people did they affect all in all, and, second, how seriously were these people financially affected back in the day? During the times before Gox, most bitcoins were still mined, not bought, so the loss shouldn't have been very worrying or dramatic anyway. Apart from that, 4-5 years ago people were more aware of the potential drawbacks and dangers of investing in crypto compared to what we see today.

nightfury

full member

Activity: 392

Merit: 100

Hopefully that this OP will somehow shed light to those new comers and doubters of bitcoin that crash is inevitable and it is already part of bitcoin's growth since it was launched last 2009. Whenever there will be a crash, just HODL because better days are yet to come.

orions.belt19

full member

Activity: 700

Merit: 148

Quote from: Qunenin on March 05, 2018, 11:50:19 AM

Quote from: zarados on January 30, 2018, 10:55:32 PM

let me remind you of this, that this is not the first time bitcoin has crashed very significantly and is not the worst of it all. (correct me if i'm wrong) Based on bitcoin history, crashes occur on:

2011 jun- Nov: -97%---> From $ 32 to $ 2
2012 jan - Aug: -36%---> From from $ 7 to $ 4
2013 Mar 6 -11: -25%---> From $ 49 to $ 36
2013 Apr 10: -79%---> From $ 266 to $ 54
2014 Feb 24: -49%---> From $ 867 to $ 439
2017 jun 11-16: -36%---> From $ 3,000 to $ 1.869
2017 Sept 2-15: -40%---> From $ 5,000 to $ 2,972
2018 Jan 17: -48%---> From $ 19,783 to $ 9,496

If viewed from history, crashes often happen every year since 2011 and proved that this year is not the worst year of the year - the year before. What do you think, whether this crash will continue or not?

i viewed it, and these were big crashes, but this bitcoin history give us lesson that every pump give us dump and after big crash it mean the time is coming when we will see bitcoin again rise. Now in this time bitcoin crash from $19783 to $9496. Then the next year we will see bitcoin crash from $25000 to $15000.

What OP was trying to point out is that bitcoin has experienced much worse crashes in the past as compared to the price drop that we are experiencing right after the ath of almost $20K. People have been worrying and saying that bitcoin is about to die just a few months back when in the past, bitcoin has been in much worse conditions. Pumps don't always follow dumps - sometimes the price would rise steadily. It may be seen however that it's but expected for there to be a correction after experiencing a pump.

TravelMug

hero member

Activity: 2632

Merit: 833

Quote from: Qunenin on March 05, 2018, 11:50:19 AM

Quote from: zarados on January 30, 2018, 10:55:32 PM

let me remind you of this, that this is not the first time bitcoin has crashed very significantly and is not the worst of it all. (correct me if i'm wrong) Based on bitcoin history, crashes occur on:

2011 jun- Nov: -97%---> From $ 32 to $ 2
2012 jan - Aug: -36%---> From from $ 7 to $ 4
2013 Mar 6 -11: -25%---> From $ 49 to $ 36
2013 Apr 10: -79%---> From $ 266 to $ 54
2014 Feb 24: -49%---> From $ 867 to $ 439
2017 jun 11-16: -36%---> From $ 3,000 to $ 1.869
2017 Sept 2-15: -40%---> From $ 5,000 to $ 2,972
2018 Jan 17: -48%---> From $ 19,783 to $ 9,496

If viewed from history, crashes often happen every year since 2011 and proved that this year is not the worst year of the year - the year before. What do you think, whether this crash will continue or not?

i viewed it, and these were big crashes, but this bitcoin history give us lesson that every pump give us dump and after big crash it mean the time is coming when we will see bitcoin again rise. Now in this time bitcoin crash from $19783 to $9496. Then the next year we will see bitcoin crash from $25000 to $15000.

Of course that's how the price really moves, Its like we need to make 1 step backs before making 2 steps forward. The last bottom we witness is around $9800 if I'm not mistaken, and previous to that around $6K. So the next target price is in the range of $12k-$20K. Right now we are in the $12K range. So it we touch in this month then I speculate that we can go even further after that and may hit new ATH around June perhaps.

Qunenin

hero member

Activity: 966

Merit: 506

Quote from: zarados on January 30, 2018, 10:55:32 PM

let me remind you of this, that this is not the first time bitcoin has crashed very significantly and is not the worst of it all. (correct me if i'm wrong) Based on bitcoin history, crashes occur on:

2011 jun- Nov: -97%---> From $ 32 to $ 2
2012 jan - Aug: -36%---> From from $ 7 to $ 4
2013 Mar 6 -11: -25%---> From $ 49 to $ 36
2013 Apr 10: -79%---> From $ 266 to $ 54
2014 Feb 24: -49%---> From $ 867 to $ 439
2017 jun 11-16: -36%---> From $ 3,000 to $ 1.869
2017 Sept 2-15: -40%---> From $ 5,000 to $ 2,972
2018 Jan 17: -48%---> From $ 19,783 to $ 9,496

If viewed from history, crashes often happen every year since 2011 and proved that this year is not the worst year of the year - the year before. What do you think, whether this crash will continue or not?

i viewed it, and these were big crashes, but this bitcoin history give us lesson that every pump give us dump and after big crash it mean the time is coming when we will see bitcoin again rise. Now in this time bitcoin crash from $19783 to $9496. Then the next year we will see bitcoin crash from $25000 to $15000.

trickyriky

sr. member

Activity: 882

Merit: 251

Quote from: Sir Cross on February 06, 2018, 10:51:49 AM

Quote from: magneto on February 01, 2018, 03:58:34 AM

Quote from: zarados on January 30, 2018, 10:55:32 PM

let me remind you of this, that this is not the first time bitcoin has crashed very significantly and its not the worst of all crash. (correct me if i'm wrong) Based on bitcoin history, crashes occur on:

2011 jun- Nov: -97%---> From $ 32 to $ 2
2012 jan - Aug: -36%---> From from $ 7 to $ 4
2013 Mar 6 -11: -25%---> From $ 49 to $ 36
2013 Apr 10: -79%---> From $ 266 to $ 54
2014 Feb 24: -49%---> From $ 867 to $ 439
2017 jun 11-16: -36%---> From $ 3,000 to $ 1.869
2017 Sept 2-15: -40%---> From $ 5,000 to $ 2,972
2018 Jan 17: -48%---> From $ 19,783 to $ 9,496

If viewed from history, crashes often happen every year since 2011 and proved that this year is not the worst year of the year - the year before. What do you think, whether this crash will continue or not?

Crashes are going to be expected as long as cryptocurrencies exist. I think that there is no doubt about that. You simply cannot expect bitcoin to continue rising without any sort of crashes, that is just going to be 100% impossible.

This time, bitcoin definitely did not crash as much as 2013 or 2011.

In fact, it is around the same size as the crashes that we experienced last year.

I am still quite optimistic that the price will go up despite of this, and settle above $10k. Right now, an all time high will be quite hard to achieve but I think the major support level will be strengthened at $10k.

As compared to the past year, the price of bitcoin is still very high. People have overreacted to the price drop because they were overwhelmed by the near $20K marker last 2017. Especially for people who are just new in the cryptoworld and bitcoin scene, they are very much affected by this price drop having experienced the rapid price climb last December. By assessing the price chart, you can tell that the price is still in good shape despite that the trend for now is going down.

Yes, you are right. Sure, everything is relative. We were all excited when Bitcoin reached almost 20 thousand, but we were not so surprised like now, when it is down.

tlustoprd

newbie

Activity: 82

Merit: 0

Too much fuss about nothing. I just sold bitcoins worth a billion USD after a successful pump and everyone's complaining. I can't see the reason. Just wait for another pump and dump.

tee-rex

hero member

Activity: 742

Merit: 526

Quote from: Sir Cross on February 06, 2018, 10:51:49 AM

Quote from: magneto on February 01, 2018, 03:58:34 AM

Quote from: zarados on January 30, 2018, 10:55:32 PM

let me remind you of this, that this is not the first time bitcoin has crashed very significantly and its not the worst of all crash. (correct me if i'm wrong) Based on bitcoin history, crashes occur on:

2011 jun- Nov: -97%---> From $ 32 to $ 2
2012 jan - Aug: -36%---> From from $ 7 to $ 4
2013 Mar 6 -11: -25%---> From $ 49 to $ 36
2013 Apr 10: -79%---> From $ 266 to $ 54
2014 Feb 24: -49%---> From $ 867 to $ 439
2017 jun 11-16: -36%---> From $ 3,000 to $ 1.869
2017 Sept 2-15: -40%---> From $ 5,000 to $ 2,972
2018 Jan 17: -48%---> From $ 19,783 to $ 9,496

If viewed from history, crashes often happen every year since 2011 and proved that this year is not the worst year of the year - the year before. What do you think, whether this crash will continue or not?

Crashes are going to be expected as long as cryptocurrencies exist. I think that there is no doubt about that. You simply cannot expect bitcoin to continue rising without any sort of crashes, that is just going to be 100% impossible.

This time, bitcoin definitely did not crash as much as 2013 or 2011.

In fact, it is around the same size as the crashes that we experienced last year.

I am still quite optimistic that the price will go up despite of this, and settle above $10k. Right now, an all time high will be quite hard to achieve but I think the major support level will be strengthened at $10k.

As compared to the past year, the price of bitcoin is still very high. People have overreacted to the price drop because they were overwhelmed by the near $20K marker last 2017. Especially for people who are just new in the cryptoworld and bitcoin scene, they are very much affected by this price drop having experienced the rapid price climb last December. By assessing the price chart, you can tell that the price is still in good shape despite that the trend for now is going down.

If you bought a few bitcoins near the top, you would indeed overreact when the price crashed over 3 times within so short a time span. Jesus, you would actually freak out when you realized that your deposit had been halved and then halved again. Even experienced and seasoned traders would be out of their element if they experienced such a setback.

Sanu Simon

member

Activity: 215

Merit: 11

Several bitcoin crashes has happened in the past in the similar manner. Among them one time it has took time more than an year to recover the price from which it fell low. This time I expect things to take place in the short, because same as that issues arise we're getting more adopters to compensate the place leading to growth.

Clement Kaliyar

hero member

Activity: 1302

Merit: 532

Quote from: zarados on January 30, 2018, 10:55:32 PM

If viewed from history, crashes often happen every year since 2011 and proved that this year is not the worst year of the year - the year before. What do you think, whether this crash will continue or not?

I liked the historic dates and there are many more crashes in history from what you have mentioned,but what ever may be the case the price of bitcoin will recover and that is going to be what is going to happen in the future,now we have the world's attention and when every country comes up with their regulation,the market will start rising again.

Sir Cross

full member

Activity: 336

Merit: 106

Quote from: magneto on February 01, 2018, 03:58:34 AM

Quote from: zarados on January 30, 2018, 10:55:32 PM

let me remind you of this, that this is not the first time bitcoin has crashed very significantly and its not the worst of all crash. (correct me if i'm wrong) Based on bitcoin history, crashes occur on:

2011 jun- Nov: -97%---> From $ 32 to $ 2
2012 jan - Aug: -36%---> From from $ 7 to $ 4
2013 Mar 6 -11: -25%---> From $ 49 to $ 36
2013 Apr 10: -79%---> From $ 266 to $ 54
2014 Feb 24: -49%---> From $ 867 to $ 439
2017 jun 11-16: -36%---> From $ 3,000 to $ 1.869
2017 Sept 2-15: -40%---> From $ 5,000 to $ 2,972
2018 Jan 17: -48%---> From $ 19,783 to $ 9,496

If viewed from history, crashes often happen every year since 2011 and proved that this year is not the worst year of the year - the year before. What do you think, whether this crash will continue or not?

Crashes are going to be expected as long as cryptocurrencies exist. I think that there is no doubt about that. You simply cannot expect bitcoin to continue rising without any sort of crashes, that is just going to be 100% impossible.

This time, bitcoin definitely did not crash as much as 2013 or 2011.

In fact, it is around the same size as the crashes that we experienced last year.

I am still quite optimistic that the price will go up despite of this, and settle above $10k. Right now, an all time high will be quite hard to achieve but I think the major support level will be strengthened at $10k.

As compared to the past year, the price of bitcoin is still very high. People have overreacted to the price drop because they were overwhelmed by the near $20K marker last 2017. Especially for people who are just new in the cryptoworld and bitcoin scene, they are very much affected by this price drop having experienced the rapid price climb last December. By assessing the price chart, you can tell that the price is still in good shape despite that the trend for now is going down.

Febo

legendary

Activity: 2744

Merit: 1288

Quote from: zarados on January 30, 2018, 10:55:32 PM

let me remind you of this, that this is not the first time bitcoin has crashed very significantly and its not the worst of all crash. (correct me if i'm wrong) Based on bitcoin history, crashes occur on:

2011 jun- Nov: -94%---> From $ 32 to $ 2
2012 jan - Aug: -36%---> From from $ 7 to $ 4
2013 Mar 6 -11: -25%---> From $ 49 to $ 36
2013 Apr 10: -79%---> From $ 266 to $ 54
2014 Feb 24: -49%---> From $ 867 to $ 439
2017 jun 11-16: -36%---> From $ 3,000 to $ 1.869
2017 Sept 2-15: -40%---> From $ 5,000 to $ 2,972
2018 Jan 17: -69%---> From $ 19,783 to $ 6,048

If viewed from history, crashes often happen every year since 2011 and proved that this year is not the worst year of the year - the year before. What do you think, whether this crash will continue or not?

-69.43% now. Still 10% behind the second biggest crash. What sounds little but it is a lot. Bitcoin will need to go to $4000 for that what I think is peaty much close to the bottom we will see in upcoming months.

Izarok

full member

Activity: 237

Merit: 100

Quote from: John (John K.) on January 30, 2018, 10:59:59 PM

It's all a part of the price discovery cycle, as the price still seems to be pretty much based off news/speculation still. We're still ending way higher then where we started every time we crashed.

I also notice this trend. In every Q1 of the year there will be certain points where pricing will plummets real hard and then slightly comeback stronger in Q3 to Q4. There are a lot of FUD and clamping of trading all overall the world since most of the government wants a piece of it. I believe we will recover and we always will.

Febo

legendary

Activity: 2744

Merit: 1288

Quote from: jertsy on February 05, 2018, 02:49:56 PM

Quote from: Febo on February 05, 2018, 02:44:40 PM

Quote from: zarados on January 30, 2018, 10:55:32 PM

let me remind you of this, that this is not the first time bitcoin has crashed very significantly and its not the worst of all crash. (correct me if i'm wrong) Based on bitcoin history, crashes occur on:

2011 jun- Nov: -97%---> From $ 32 to $ 2
2012 jan - Aug: -36%---> From from $ 7 to $ 4
2013 Mar 6 -11: -25%---> From $ 49 to $ 36
2013 Apr 10: -79%---> From $ 266 to $ 54
2014 Feb 24: -49%---> From $ 867 to $ 439
2017 jun 11-16: -36%---> From $ 3,000 to $ 1.869
2017 Sept 2-15: -40%---> From $ 5,000 to $ 2,972
2018 Jan 17: -66%---> From $ 19,783 to $ 6,789

If viewed from history, crashes often happen every year since 2011 and proved that this year is not the worst year of the year - the year before. What do you think, whether this crash will continue or not?

I edited your data a bit to most recent. It seems we were part of quite a big crash that took so far 6 weeks. Only two was bigger and both were because of some exchanges malfunction. We are definitely writing the history right now. But on other hand this was expected from the unstoppable and unbelievable growth at last 3 months of 2017.

It's still worth more than three times what it was in December. Imagine what the 2011 crash felt like when it ended being worth sixteen times less than the ATH. That was the main historic crash. Compared to that this is a correction.

Slow down. One crash at a time. First we need to break the April 2013 crash to start dreaming of the big 2011 crash. No need to jump crashes ahead.

jertsy

sr. member

Activity: 341

Merit: 250

Quote from: topper26 on February 05, 2018, 02:51:52 PM

many folk predicted this, one even said bitcoin will trade at both 6k and 60k this year. well we are at 6.8 now! lol

shit this sucks no doubt about it but i am buying and holding, not even thinking about selling, i'll go down with this ship but then rejoice when this rocket blasts off

It's better to buy now than when it was an the ATH. Keep buying each time it goes down and hodl. Don't think about selling until it goes back up to a new ATH.

topper26

full member

Activity: 165

Merit: 101

many folk predicted this, one even said bitcoin will trade at both 6k and 60k this year. well we are at 6.8 now! lol

shit this sucks no doubt about it but i am buying and holding, not even thinking about selling, i'll go down with this ship but then rejoice when this rocket blasts off

jertsy

sr. member

Activity: 341

Merit: 250

Quote from: Febo on February 05, 2018, 02:44:40 PM

Quote from: zarados on January 30, 2018, 10:55:32 PM

let me remind you of this, that this is not the first time bitcoin has crashed very significantly and its not the worst of all crash. (correct me if i'm wrong) Based on bitcoin history, crashes occur on:

2011 jun- Nov: -97%---> From $ 32 to $ 2
2012 jan - Aug: -36%---> From from $ 7 to $ 4
2013 Mar 6 -11: -25%---> From $ 49 to $ 36
2013 Apr 10: -79%---> From $ 266 to $ 54
2014 Feb 24: -49%---> From $ 867 to $ 439
2017 jun 11-16: -36%---> From $ 3,000 to $ 1.869
2017 Sept 2-15: -40%---> From $ 5,000 to $ 2,972
2018 Jan 17: -63%---> From $ 19,783 to $ 7,324

If viewed from history, crashes often happen every year since 2011 and proved that this year is not the worst year of the year - the year before. What do you think, whether this crash will continue or not?

I edited your data a bit to most recent. It seems we were part of quite a big crash that took so far 6 weeks. Only two was bigger and both were because of some exchanges malfunction. We are definitely writing the history right now. But on other hand this was expected from the unstoppable and unbelievable growth at last 3 months of 2017.

It's still worth more than three times what it was in December. Imagine what the 2011 crash felt like when it ended being worth sixteen times less than the ATH. That was the main historic crash. Compared to that this is a correction.

Febo

legendary

Activity: 2744

Merit: 1288

Quote from: zarados on January 30, 2018, 10:55:32 PM

let me remind you of this, that this is not the first time bitcoin has crashed very significantly and its not the worst of all crash. (correct me if i'm wrong) Based on bitcoin history, crashes occur on:

2011 jun- Nov: -97%---> From $ 32 to $ 2
2012 jan - Aug: -36%---> From from $ 7 to $ 4
2013 Mar 6 -11: -25%---> From $ 49 to $ 36
2013 Apr 10: -79%---> From $ 266 to $ 54
2014 Feb 24: -49%---> From $ 867 to $ 439
2017 jun 11-16: -36%---> From $ 3,000 to $ 1.869
2017 Sept 2-15: -40%---> From $ 5,000 to $ 2,972
2018 Jan 17: -66%---> From $ 19,783 to $ 6,789

If viewed from history, crashes often happen every year since 2011 and proved that this year is not the worst year of the year - the year before. What do you think, whether this crash will continue or not?

I edited your data a bit to most recent. It seems we were part of quite a big crash that took so far 6 weeks. Only two was bigger and both were because of some exchanges malfunction. We are definitely writing the history right now. But on other hand this was expected from the unstoppable and unbelievable growth at last 3 months of 2017.

Topic: Historic BITCOIN crash (Read 1117 times)