Topic: Major Dumps in Bitcoin History and What to learn from there? (Read 605 times)

Checking a long time after my OP monetization and look what I got yes there are some users who actually read and obtain results, Thanks dear. Yes the motivation is clear from the OP as never gets dishearted, when you lose the courage thats the point to rise. So cycle should be always in mindset that with which speed its falling the rise is going to be double of that seed.

Should be always thinking or bare up in mind that there's always a cycle that we called because a market could'nt really have a single path to take or movement which means that if there's dumping state then

there's a pumping state but no one could ever assure on when it would happen and this is where differences of decisions and engagement can really be seen by people who are engaging on this market.

Dumps is always lurking ahead and this is why as an investor or trader then you should always mind off on having those price selling points or goals which it would be always sensible
on doing so.

One major lesson I think is there to learn from OP with regards to the subject of the thread as well is that,
There is always a rebirth. It's all that matters to this, the possibility of a continuity and being hopeful that all isn't lost with the dump as the care often is for altcoins. Another thing is the periodic nature of bitcoin investments. As much as we are unaware of the exact moment a trend begins, we are aware of the trends that exists and can identify it when it starts playing out.

With that, we can say we've entered some ranging market where bitcoin wil continue to dance around for some time before the bulls steps in and push price to or above the ATH. It's history and it will repeat.

Cryptocurrency market capitalization is still very small compared to other financial markets, even the total market capitalization is lower than the total capitalization of a corporation like apple which is more than 2 trillion while the capitalization of crypto is 1 trillion. Although the market operates according to supply and demand, manipulation is inevitable. Do you remember Elon? he can easily manipulate the market with just a few tweets. Fuds are also considered to be the most frequent and visible manipulation tools available today.

you forgot the dump you had in 2018 when the price dropped from 19000$ to 3100$, this was the worst dump, this dump from 6000 to 17500$ is something natural because it has to do with the crisis that every market is suffering with the war in ukraine, but the dumps of the past were really thanks to the fact that many people were buying because they imitated other people and it was enough to have profits they started selling a lot and the price dropped a lot it was pure pump and dump


these events teach us that you shouldn't buy at the top thinking that the price will keep going up, this mistake has happened to many people, you shouldn't think that the price will go to the moon, it will be 100,000$ just because it's at 60,000$ so you have to buy because you heard that the price will be 100,000$, you shouldn't do that, and we are here today with a price of 20,000 and not 100,000

I'd learn that OP with all of these dumps happening, pumps will come next. These market events, somehow teach us that we need to be patient and adapt to the nature of the market otherwise, losses are what we got. It is quite often that it was been turn to negative when seeing this situation but I learn that not all dumps are negative, yet I consider this as an opportunity as well, as an Investor, it is me a chance to buy potential in a cheaper price and make a huge profit when I sell them during the bull season.

Why not, it's always possible if you have good financial strength or maybe when you have thousands of bitcoins in your wallet that you send to exchanges. At least these two steps can change the market conditions to go up or down because people will always monitor the big movement all the time.

It is true that many people are getting educated about the market and how they behave. However, not everyone is able to control their psychology, especially when the funds they use are not completely free from other interests such as needs. It is a fact and rality that the process of decline and increase does not occur instantly, increases and corrections will create patterns that will support the analysis of where the price is moving.

Nothing much to learn, but only one thing to learn Bitcoin history repeats. Whenever a bear comes then we have seen a massive bull later which has been breaking each ATH most of the time. Currently, we are in bear if you compare it with the ATH. And it would start to recover at any time. But like always we become panic during a bear market. History shows us always holder become gainers.

If you are very interested in the history of Bitcoin then you may be ready to always continue in that interest. We all can see that crypto-currency is very volatile and this is unending. All my existence of knowing about Bitcoin I have read up history of its pump and dump. But when ever you realize that Bitcoin isn't on the same altitude as other crypto-currency you only see the dump as yet another normal period.

I think all this stories of the dump should be for historical purposes but this might not because some newbies can be scared away if they aren't properly guided. My advice is don't only see bitcoin as a prized investment opportunity but as a solid financial system alternative.

Your post make me satisfy,
Reason:
As after reading all of the above dumps even when there was huge strom of unawareness. Adoption was not that streamline as of today. Number of famous people, authorities and governments are increasing in numbers to adopt BTC mainly. Why don't they adopt or talk of any other token? You should write on this too. Well back to reason. Environment for BTC back than was bad but now it seems far better. And stats and numbers showing more growth in it. As we are moving forward not back. Forward means, to the digitalization. METAVERSE, WEB3.0, NFTs, Gaming, etc have started to leverage the blockchain technology. I must say blockchain is the main core of crypto. Is there any new technology present bteer than blockchain. If not? Than we are seeing BTC, bullish in the long run

Yes, the period 2017-1018 was really a bad experience for a lot of people, I was also a victim of it. This is my first time having a market crash, I was panicking when bitcoin dropped from 20k$ to 3k$ and I thought that was the end for bitcoin and the market. I cut loss my whole portfolio and I remember my loss was 90% and the amount got back was almost very small compared to the amount invested in it. But thanks to such an expensive experience I am now very confident with bitcoin and the market I dont even expect bitcoin to rise again any time soon, I still want to fill my bitcoin pocket at this price because I believe and for sure bitcoin will rise again and hit the $100k.

i don't think btc market can be manipulated these days. there are so many stakeholders that are already in this market. in my opinion, no one can solely influence the movement of the market as it would take a lot of money to at least make a dent in the trading market. this has grown so big already where no single entity can dictate the path of btc. this market has evolved many times over, and yet, we are still here continuously supporting this market despite the huge fall from its ATH. the hope is still there because more and more people are joining in this market. only newcomers or who lost big will think that btc is a ponzi market. if you educate yourself, you can learn more or better yet, gain something out of this market.

That's the fact market can be manipulated but this manipulation cant last long as the market is based on volume, sentiments, and emotions as mentioned above if you want to make permanent changes what you need is control over the facts as emotions, volume, and decentralization of market pairs. If you are able to capture the emotions and volume then that's it. The point is market mutilations are short-term emotional damage and this can be done by some panic news as always.

If we consider Bitcoin as a Ponzi scheme then we can also say that the all the market is a huge Ponzi scheme.  The bitcoin market is driven by demand, emotion, and supply meaning, it follows a natural course of trading though there might be some manipulation, this manipulation doesn't last long, it always is corrected by the market itself.


We don't need to get out of the mindset, we just need the right mindset about Bitcoin.  The right information and proper education and research is needed to not be swayed by people who pretends to be knowledgeable but yet have hollow understanding of Bitcoin.


I agree, weak hands always end up losing but there is always another opportunity to reenter the market.  As shown in the first post, the Bitcoin market always open its windows for a new entry point to invest and reinvest in Bitcoin Industry.

---

Most of the dumps are within the 4-year cycle, after the Bitcoin halving hype, following Bitcoin FOMO where the price of Bitcoin records a new series of ATH. Then after the ATH, a series of dumps happen that give way to a bear market.

What I learned from the market flow of Bitcoin is that, profit is inevitable if we timed out investment during the bear market and losses is unavoidable if we get FOMOed and buy during the peak(that is if we intend to sell after a year or two).  In order to get profit during the ATH buy, we need to either cost average during the major dump which is expected to happen after ATH and wait for the next FOMO which happens after the Bitcoin halving.



 

Getting profit in investing requires patience as well. If you choose to hold your Bitcoin rather than making unnecessary and wrong decisions, you will definitely lose your money.

Weak hands really will lose money because investing in cryptocurrency isn't for those who people who are panicking easily. Investing in crypto is for those who can endure the pain of having an impermanent loss with their portfolio.

What to learn? I guess to hold especially if you trust the project but at the same time, know when to sell if it's really needed. I mean there are certain coins like Bitcoin and Ethereum who went down massively in the bear market but after that, a gradual upwards movement until the bull run starts and it went up. On the other hand, there are some coins or projects especially those altcoins that you chose to hold but, in the end, it didn't go the way you wanted, and you lose your money after deciding to hold it for years. Just always have a strategy and not more than 1 plan.

If that really happens, the bullish breakout could happen again at the end of the year or early next year because the trend line may look almost the same as the previous year. But we must also keep in mind that the current situation of bitcoin is different from previous years so we need to make another analysis if that is not going to happen. And we can also adapt to situations and conditions in the market to take advantage of the market.

Investing in bitcoin is a wise choice that anyone can make, but they should analyze before investing to get the right position to start buying. Don't just follow other people's advice because it doesn't guarantee you will get the benefits you think you will. Hopefully, the history will repeat itself

The only lesson that I have learned from what the OP summed up is that the market is only 2 things up and down, everything is always intertwined. After a bull market there will be a bear market and everything will turn around like that. Our job is very simple, buy when the market bears and hold patiently until the bull market, we will have a worthy reward. The market doesn't puzzle us, we don't need to make things more complicated.

Exactly sir as you mentioned such a dumps can be sole motivation for us Bitcoin even at its early stages when the idea was not popular survived the 99% of the Dump and today you and me better know how powerful scope of BTC is..


Noted as this is a Major fact that the popularity of BTC in the civilians was after the 2017 ATH actually everyone jumped into it for the profit booking but after 2017 people found that its not the profit booking hype gem its a real store of value and essential for fulfilling the financial needs.

Since many people started to join bitcoin market after the rise of bitcoin price back in 2017 mostly people seen the dump on 2018 and how the price recovered was really long but amazing for the people how were waiting for this time but  recently we had another price dump and from what we saw in the past we can be sure about recovering the price after some time that's what history tough us.

There is only one thing to learn from such dumps. That it is an opportunity for all retail investors. Anytime in future, if you are seeing such dumps happening and market is moving to red, buy and hold. That's what I personally do.

Pump and dump are all part of the gameplan and you can not escape that. So instead of getting depressed why the price is moving down, turn it to your favor and score more bitcoins at lower price. That's the best way to beat the blues!