Topic: History of bitcoin crashes (Read 325 times)

I had a simialr infographic but I think this one contains more crashes. It's clear that we are not going to get any worse compared to the MtGox crash. Nothing can ever re-create the very special fundamentals in which basically all of the liquidity was being held by a centralized party, a ticking nuclear timebomb that cannot happen again due tons of different exchanges existing now, even decentralized ones being developed.

We survived that one and we went from $1300 to $155 to $20,000. This is why I always find ridiculous when noobs think "Bitcoin is dead". Bitcoin just can't die, if it didn't in 2013, it just can't anymore, it's not possibly, which is why every dip is free coins, by definition.

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What's On Crypto will consider creating that too as What's On Crypto is planning more infographics to support crypto and cryptofans.

The original post includes too many micro crashes. I think there are actually only 4 mid to long term crashes that are notable for bitcoin. With this recent $19,666 to ~5900 being most current. Good info nonetheless.

Till date crashes have taken place more than ten times. Particularly those were big in terms percentage calculation. To My understanding what we experience now is the biggest crash, because the price fall is massive compared to the past days of price drops. Till now every time the price drops have got recovered. Hope the same to take place this time as well.

This is really informative but I have never heard of whatsoncrypto group, gonna have a look at them.
Another interesting infograph could be history of bitcoin pumps   To stay positive about the crypto market and motivate new investors.

Just keep one thing in mind. This is framed so that 411-day correction looks like the "worst case scenario." In truth, the current correction could be far worse in both time and volatility.

(Hopefully not, but I just want to point out the inherent bias of the infographic)


As long as the long-term uptrend doesn't break down. But by the time we could confirm that, price would be far lower than now. That's why it's always prudent to take some profit during bubbles. Most people don't because they get greedy.

Atlast i do see some interesting image which do shows of the actual price decrease or corrections of bitcoins price but i would like for you to exclude those 1-5 days correction yet it cant really be considered those things to be a correction but rather just a usual price decrease. When we do talk correction it always involves big percentage loss came from a high price and stays on accumulation period for a matter of time.
Basing into those number of days where price is stagnant it do shows how unpredictable market this would be.

This is a very clear picture for others who always pay attention to the current market situation as well as panic, because the market has a good time and there is time for bad, fluctuation is a movement that can happen in seconds or minutes, thank you for sharing with us it makes me believe that in the future will be very good and repeat again, this market conditions will certainly happen in the future, so do not worry too much.

very good channel for crypto news! We are know every year due to various reasons bitcoin all crypto currency is reduced! The chart history shows that many times before market has become much big dwon, one of the main reasons has been the fake news about bitcoin, due to all this fake news many panic sellers sell bitcoin due to which the market dwon starts  to become much big The investor someone who sells bitcoin also  the market more dwon! Especially this year, due to a false news, the market has become very cheap, and the marker has become more dwon because of the different exchanger hacke!

Very neat infographic! Thanks for sharing it

Thanks for this. This is really a big help to all of us. You shared an infographic trades from it's previous price. I'll make sure that this year could be different. Price will surge end of this year compared to the price before.Maybe 50k-60k
end of this year? what do you think guys?

In the case of cryptocurrency, increased regulation is the reason for the crash. And if many bad news talks about bitcoin,which i think the people behind of this that trying to manipulate the bitcoin in purpose so that if the price will crashed they will buy a lot of bitcoin and sell it when the price is high so they will earned a lot of money from it,

Great channel, I wonder on how you are doing it very well and detailed. +1. Though, I've never experienced that there is a longer bitcoin dump from 30/11/13 until 14/01/15 after the dump from 20k$ until the current price. Just HODL bitcoin people, you don't wanna suffer in this dump right?

These historical charts tell us that the price of BTC will only get higher and higher, but it takes time to witness these things, so keep your BTC for a long time.

I've seen this a lot and bitcoin is always like this. It is really volatile. Volatile means the price is really changing overtime. Really means that it is constantly changing and sometimes, it is fast in changing its price.

On 18 August 2008, the domain name bitcoin.org was registered.[11] Later that year on 31 October, a link to a paper authored by Satoshi Nakamoto titled Bitcoin: A Peer-to-Peer Electronic Cash System[12] was posted to a cryptography mailing list.[11] This paper detailed methods of using a peer-to-peer network to generate what was described as "a system for electronic transactions without relying on trust".[13][14][15] On 3 January 2009, the bitcoin network came into existence with Satoshi Nakamoto mining the genesis block of bitcoin (block number 0), which had a reward of 50 bitcoins.[13][16] Embedded in the coinbase of this block was the text:

The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.[17]

The text refers to a headline in The Times published on 3 January 2009.[18] This note has been interpreted as both a timestamp of the genesis date and a derisive comment on the instability caused by fractional-reserve banking.[19]:18

The first open source bitcoin client was released on 9 January 2009.[20][21]

One of the first supporters, adopters, contributor to bitcoin and receiver of the first bitcoin transaction was programmer Hal Finney. Finney downloaded the bitcoin software the day it was released, and received 10 bitcoins from Nakamoto in the world's first bitcoin transaction on 12 January 2009.[22][23] Other early supporters were Wei Dai, creator of bitcoin predecessor b-money, and Nick Szabo, creator of bitcoin predecessor bit gold.[13]

In the early days, Nakamoto is estimated to have mined 1 million bitcoins.[24] Before disappearing from any involvement in bitcoin, Nakamoto in a sense handed over the reins to developer Gavin Andresen, who then became the bitcoin lead developer at the Bitcoin Foundation, the 'anarchic' bitcoin community's closest thing to an official public face.[25]

The value of the first bitcoin transactions were negotiated by individuals on the bitcoin forum with one notable transaction of 10,000 BTC used to indirectly purchase two pizzas delivered by Papa John's.[13]

On 6 August 2010, a major vulnerability in the bitcoin protocol was spotted. Transactions weren't properly verified before they were included in the transaction log or blockchain, which let users bypass bitcoin's economic restrictions and create an indefinite number of bitcoins.[26][27] On 15 August, the vulnerability was exploited; over 184 billion bitcoins were generated in a transaction, and sent to two addresses on the network. Within hours, the transaction was spotted and erased from the transaction log after the bug was fixed and the network forked to an updated version of the bitcoin protocol.[28] This was the only major security flaw found and exploited in bitcoin's history.[26][27]

What goes down, must come up 😊 this is the future, those who don’t want to admit it, are free to stick with the fiat and die poor

So Bitcoin was launched in year 2001 ??

Excellent infographics showing how bitcoin is recovering after any falls. This post should definitely be seen by everyone who is shouting that the crypto currency is a bubble.

[UPDATE V1.1] Visualizing the History of Bitcoin Crashes updated version and plus 0.05 BTC GIVE AWAY for What's On Crypto Telegram members only. https://t.me/whatsoncrypto

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