Topic: Historic BITCOIN crash - page 3. (Read 1083 times)

Even if it continues, i don't think that many people would mind anymore. The weak hands have been washed out most likely and what we have are holders and believers of btc who are well aware of these drops and are making a good opportunity out of it.

This is a historical evidence,Bitcoin has proven remarkably successful in organizing technological activities,despite the fact that bitcoin has no link with any other 'real' economy its the most tradable technological invention today,individual consumers,business firms and other agencies participate in the crypto market because they have trust,Bitcoin price is equal to people's trust and this trust is rising,and this is a statistic,only number because,I personally  know that inflation in this situation is just an experience,inflation is phenomenon which is characterized for all the demanded products.

"Down down", "major major"?
In reality, companies/industries grow depending on the demand, legal or illegal. Bitcoin is supposed to be a means of exchange, money alternative, etc. Just like FoRex, it sounds ridiculous to buy japanese yen or pound or etc. but some people do, forecasting the value to increase, then converting back if it does. The purpose of money is for exchange supposedly"(Joey-Supposably, LOL), e.g. buy this, buy that, pay for this, etc. but then someone thought, "Ooooh, I can make money out of that other kind'a money". They have extra, they buy that other money but still they use money for buy this and that, hence, exchange. That purpose of bitcoinis its main purpose, so, it can only grow, in the long run.

SO it looks normal, and it is. Very informative regarding the price history and all, so thanks. The price would really dip if there is a low demand but btc is convenient exchange alternative and is tax-proof, so it will not really go down down since it is very useful.

I believe this is what we called volatility, since price of bitcoin depends on the speculative market and can be easily affected by rumors, FUD, hype and news of different country's reaction toward it.  Aside from that, it has been observed that mostly these crash is either schemed by the whales to get more Bitcoin and more seldom due to the market demand.  Anyway, this historic event of bitcoin crash should be known by every investors so that they will know that everytime Bitcoin crash, it always comes back and breaking its ATH setting new price record.

Maybe this last crash or correction is not the largest ever in %,but in lost fiat value is the largest so far and certainly can not be measured in that terms with 2011 or 2013.How price grows corrections will probably be more pronounced in %,but also in fiat value of BTC,so we can expect more than 50% or 10 000$.Though some say that with time volatility of BTC will be much less than today,I think that time it's still pretty far away.


If you want to check more in detail about historical price events I find something interesting for you,all events that impact BTC price from 2010-2017.

https://99bitcoins.com/price-chart-history/

well in my opinion if its true we should buy bitcoin it is the perfect time and make some strategic trading for further income goodluck to the crypto world

From your point of view, it is true that there has been a massive sale since bitcoin reaches nearly $ 20k, then supported by the issue of south Korea that will ban trading, steam decisions not to use BTC because the fee is too high, the issue of the hacked Nicehash , and lastly about hacked one of the exchange in Japan who lost about $ 400k. It all exerts its influence slowly, and without anyone realizing the price is back to the $ 10k point.

Definitely,this could not be termed as a crash because the price has just risen within a month from $5,000 to $20,000.So,this fall is much expected earlier.Earlier this price hike was mainly due to wallstreet fat boys like CME,CBOE launching bitcoin futures and not any other solid reason.

But the critics and big whales would enjoy this price fall and zoom it much bigger to create panic among new investors and harvest once again cheap bitcoins.

I would say that bitcoin price is just getting stable.

Okay this one makes sense but could have been better if you would have added the source to check the numbers in detail. Its actually pretty good effort that you made, its just giving lot of efforts after looking at these numbers!

Well, what I saw the very first time is which year is having the most downfall, and guess what its not year 2018, thats a big relief, lolz! 

So the mega downfall was in the year of and so you see we still got very big window and can easily go through this bad phase we are going through. Loved your work man. :-)

crashes are coming often in Bitcoin and this why I am not afraid now. it always have crashes and it always start to go back up.
I believe he will stay here and also i think it will have in the future more crashes.

its really good statistic data but this time bitcoin price really over priced now its getting corrected the fair price should be around 10000$ to 12000$ . Now fudster taking advantage on each news . Its just normal panic crash but price will stable around 10K to 12K.

As per your statement it's seems some people are trying to make other people get bankrupt with that way , I don't think the market run as easy as like that. It's okay that's your theory. Fundamentals nowadays has big impact to the Bitcoin market, look at how the price of bitcoin soaring once korean exchange announced they would operate soon ,  back at the end of 2017. But this time I'm not sure the crash happened due some people create a panic atmosphere just like your general theory , it could be due the real huge selling occurred right?

Seeing the comparative analysis showed the one happening at this time is the one that is massive because the past have been overcome already we only need to face the future which is why I am focusing on that. But it will be wrong to assume that the fall happened this year because right from last year, the price has been dropping real hard. In all I am not perturbed and even dumping all at this moment wont be the right choice what matter is what are we going to do about it? With all forces coming against it, this year is going to be a long walk to victory.

You are looking at relatively high frequencies (that is: the order of days or weeks).  You can say that bitcoin has a potentially high volatility on the order of days or weeks.  Volatility is to be seen as a frequency spectrum.

What is more interesting, I think, are much longer-range movements.  I can see 2 similar movements in the past, when you look over a range of the order of a year or longer, where we see retractions of the order of an order of magnitude.  Bitcoin has known essentially these long-range movements:

1) an upwards movement from $0.1 in 2010 to an ATH in summer of 2011 ($30), followed by a crash of a factor of 10 in the year that followed ($3).

2) an upwards movement from that low $3 up to an ATH in December of 2013 ($1100) followed by a crash of a factor of 6 in the two years that follow ($200) in 2015.

3) an upwards movement from that low $200 up to an ATH in December of 2017 ($20000) followed by ...

It is true that the upwards movement in (2) from $3 all the way up to $1200 has been seen a pause after a high of $150 in April 2013 by a correction back down  to $76 in July 2013 before the final uprun to near $1200 in December 2013.  Note that the correction was of the order of 50%.

So are we now in such a similar correction, before a next up run before the real crash, or is the next crash down by an order of magnitude already in motion, hard to say.

It seems reasonable to assume that the crash set in, because of the size of the up run.  The first up run was x300.  The second up run was x400.  The "correction" in Summer 2013 was after an up run of about x50.  It was followed by another up - run of x8 before crashing for good.

We have seen the last up run being a factor of x100.  Is that small enough to allow for a correction and next smaller up run, or is that big enough for a genuine crash ?

We've seen, on a shorter time scale, that the crash periods are long, and punctuated by a lot of bull traps.  

I think it's a normal adjustment.
Bitcoin does not die from such adjustments.
It will soon return to normal.

You are right about fud and misinformation. Also the people who believes the news without understanding and learning about bitcoin. We all need to learn and understand what we are doing in btc. The people spreading those news are taking advantage of gullable investors who believes everything.

There is a big drop every January to February.
I'm used to it, and by the end of February, bitcoin and the entire cryptocurrency market will be green again, not to worry.

Thanks for reminding for crypto society, that it is normal situation.

It's just like being a drama, the story of the price movements almost resembles the price developments in the past, but of course there are still other new factors that will affect it, we can't be really sure.. it will happening again like the past. We just can take the utilized in any conditions to makes profits.