Topic: Lesson - History of Bitcoin crashes - page 3. (Read 520 times)

The Nov 2013 - Jan 2015 crash was the most brutal because it went on so long - 14 months in all. Towards the end I started to think it would range trade between $150 to $250 forever.

The short sharp crashes are easier to deal with because the psychological pain only lasts a few months. Lets hope the current crash is one of the short sharp ones.

If you held BTC through all these crashes, you are really lucky now. Well, HODLers benefited most from that.
I really can't understand all these panic sellers. What's the point to sell at much lower price than you bought, it's against the logic. Now it's easy to manipulate markets - just spread some FUD against Bitcoin and you will see the reaction. There are so many people in crypto world without much experience and they reacting to these news too sensible.
Yeah, now it's great opportunity to step into crypto world. Many people thought that they missed chance to invest into BTC when price was ATH. Now they can get BTC cheaply. When Lightning Network will be implemented it will be too late to invest. Maybe now it's last time to get BTC when it's under $10000

''Bitcoin has spectacularly 'died' several times

📉 - 94% June-November 2011 from $32 to $2 because of MtGox hack

📉 - 36% June 2012 from $7 to $4 Linod hack

📉 - 79% April 2013 from $266 to $54. MTGox stopped trading

📉 - 87% from $1166 to $170 November 2013 to January 2015

📉 - 49% Feb 2014 MTGox tanks

📉 - 40% September 2017 from $5000 to $2972 China ban

📉 - 55% January 2018 Bitcoin ban FUD. from $19000 to 8500

I've held through all the crashes. Who's laughing now? Not the panic sellers.

Market is all about moving money from impatient to the patient. You see crash, I see opportunity.

You - OMG Bitcoin is crashing, I gotta sell!

Me - OMG Bitcoin is criminally undervalued, I gotta buy!

N.B. Word to the wise for new investors. What I've learned over 7 years is that whenever it crashes spectacularly, the bounce is twice as impactful and record-setting. I can't predict the bottom but I can assure you that it WILL hit 19k and go further beyond, as hard as it may be for a lot of folks to believe right at this moment if you haven't been through it before.

When Bitcoin was at ATH little over a month ago, people were saying, 'it's too pricey now, I can't buy'.

Well, here's your chance at almost 60% discount!

With growing main net adoption of LN, Bitcoin underlying value is greater than it was when it was valued 19k.''

-xcryptogurux