Topic: Major Dumps in Bitcoin History and What to learn from there? - page 2. (Read 605 times)

I like the list, and I particularly like the reasons for dumps which are outlined there because, while linking to particular events, there's also an understanding that what matters isn't only the event but also the reaction of people to it. Moreover, I think we should remind ourselves about the dumps and how much value was lost in them, so that we can also remember how nicely Bitcoin recovered and exceeded its previous heights after what seemed like a huge defeat. It's an inspiring story. Maybe once there will the final dump, but IMO there must be a very good reason for it. Regulations, speculations, exchange exit scams aren't good enough for that.

Holdings should not be on the centralized exchanges as this not at all safe. For trading you can say on some instinct you can temporarily hold Funds on the centralized exchanges rest is upto the holder from which intensions he is holding. Funds in custody are much more secure.

I have some BTC on Kucoin.

Each new cycle is another chance for those who left the game too early last time. The cycles have already been repeated so many times that it seems to me that everyone should understand how it works and this time more holders will be able to become successful. But probably again there will be those who will sell too early, there will be those who will sell if the market goes even lower, the market will knock out the weak as it always does.

Weak hands are less likely to succeed and improve their living but remain low. And whatever we wanted to help them, we just encounter misunderstandings and rejections.
If we all are just willing to change and correct our mistakes, I could imagine that many people have improved their lives. I learn that with all the difficulties we face day by day, there is really a great reward waiting for us. Those who take the risk of holding while others are busy selling their Bitcoin have made bigger rewards in the end. I'd see this not in myself, but I'd see this because the market show to us.

Agreed Holding is the best way to secure your Future. On the side of the Choosing the asset dear do you really find any other asset rather than Bitcoin, thats strange. Rest of the things are pick a side to invest in the bear line and also pick your own Strategy as for me recommended is DCA.

There have been different analysis to the market price movement and in one thread I posted on earlier today, there were these scenarios shown of different little pumps in the market price even during the bear market, and we could be seeing that with what has happened to BTCitcoin price since like Oct. 22 to now or are we really on a breakout like what the BTC Macro RSI chart is pointing at below?

I saw this BTC Macro RSI chart in one of the telegram group (Bitcoin News) I am following which states that, we might be seeing a  "bullish breakout of its trendline since January 2021 top" and this pattern has occurred in previous years before the big rally upward. Can we see the same thing happening again going forward for Bitcoin price?
However, in all situation, I believe that investing in Bitcoin during this time would be a wise choice by anyone.

But only few people can able to handle such huge stress since the normal scenario is people start to dump when market collapse. Especially when more negative news hitting up so people first reaction is to save their selves from touching hell.

If many are just calm towards certain situations most provably we can see the bearish market condition goes short time only.

Attempting to find reasons for such corrections is not accurate, even the percentages of increase and correction, which have proven to be completely backward according to the factors of each cycle, but the constant is the upward growth.
So what you will learn from these patterns is not something of value as much as it shows the effect of increased demand and limited supply on the price.

Yes holding is the best way not to lose on cryptocurrency investment. But you should pick good coin like bitcoin. Dying is not an option for bitcoin, hence hacker could literally need a bigger consensus to turn it down. If you bought your bitcoin earlier then nothing to fear if even you didnt sell on last ATH cause you are still have chance to see more than what it did in thebcoming futures and history repeat itself.

I guess we just don't need to complicate things, its based on this 2 cycles: bull and bear.

In bear market, we will obviously see huge dump incoming, just like what we have seen already, from $69k to $17,500. So that is a huge decline already and to think that the bear market is just the beginning. We still have a full long year next year. So we should expect that maybe there could be more % to fall, And most likely we will see another lowest lows, in my opinion.

Even though Bitcoin suffer multiple time of major dumps, but Bitcoin always survive and make new ATH for every consecutive 4 years. This mean we should hold our Bitcoin at least 4 years to enjoy the huge return and don't become a weak hand who sell the coins at bear season. Bitcoin will never die and there's no chance for any hacker can hack Bitcoin, this make me very comfortable and secure to hold Bitcoin for long time.

I want to remind you to always have a strong hand in holding bitcoin, especially if the market conditions are not as good as they are now. But the current market conditions are better because the price could return to $20k and we can expect it to break through $21k and the next high. Right now is still a good time to buy more bitcoins because if the price has started to increase, we can miss buying at a low price. But that's just a suggestion and the rest is up to you.

The Bitcoin Crash of 2021 Compared to Past Sell-Offs


If you love history of Bitcoin corrections, the above visual graphics can help you to explore it with comparisons amongst past corrections.

In general, the common and biggest lesson from past corrections is, if you survive through crashes, you will see a good growth of your portfolio. Another lesson is you must protect your capital well enough, keep your orders and positions safely because if you let crashes kill you, you will regret later when see Bitcoin climbing to higher highs or making new all time highs.

There are really some points about regulation and it will allow more financial institutions to join this bitcoin revolution and community that we're part of. Because they have no choice but to adopt it and be with what the current technology offers to the masses. But at the same time, we know the foundation of bitcoin and it being decentralized, that's really one of the counterparts of it for which somehow contradicts its main purpose from the beginning of its creation.

Many of my dear friends are talking above about the potential = the regulation. Agreed and not agreed as Regulation is good it will be the booster doze for the BTC but it can be dengrous too, As in future this regulation is going to cause more and more manuplation in the markwt which can not be a good move as for the weak hands especially. 

Just like success, the price growth of Bitcoin isn't linear. You can't expect it to be so. How fool are we to expect the price to make a straight line from $0.01 to $100,000? It isn't sustainable that way, either.

Those who invest in Bitcoin and expect that the journey and path is easy-breezy should brace themselves for a certain disappointment. This is the reason why the get-rich-quick perception of Bitcoin only ends up with newbies panic selling with a loss.

I thought after the introduction of leverage trading in crypto lesser percentage of the dump would begin for there will be a higher risk to bet on trends, it turns out more people are willing to risks. Just recently bears betting for the price to go deeper crash were burned for it, I think more than a Billion.

I entered into crypto in 2016, quite a profit after holding altcoins I've got. But learned also that holding them is not worth it after the bull market.

The effect of post Covid-19 economic challenges and the Russian invasion of Ukraine has really affected the global economic stage negatively. Inflation and employment has risen to the extent that people are now more concerned about thier basic needs than investment. These challenges have greatly affected the Bitcoin space because very few people are thinking of buying Bitcoin, while others are selling to raise funds to meet their daily needs. Hence the Bitcoin market have become so unpredictable and even when predictions are made it is always negative. But the recent increase in the price of Bitcoin is a clear indicator of its maturity and growing strength in the global financial industry. Therefore, there are also chances that we have entered the Bitcoin bullish era.


The rate of acceptance and support Bitcoin have received in recent times even at this bearish market is real magical. In this season we have seen increase in the use of Bitcoin in most developing nation who perceive the currency as a hedge against inflation and escape route for high bank charges. Also more nation's are recognising Bitcoin as a means of exchange, while a nation currently adopted it as a legal tender. I think Bitcoin have even accomplished more recently even in the face of attacks and drop in price.

Most likely but it wont be a guaranteed thing because we dont know on what the future holds specially with Bitcoin but speaking about potential then we could really say that it is likely that we would be

seeing on the same behavior.History does repeat itself? No one knows since regulation and laws becomes even more strict specially on the platforms and services tied up with crypto but it wont really be

a total blockage if we do speak about adoption.Recognition is on the move as always and this is what we do need.Its hard and it might takes time but its not over
for this market and we would be continuing on the future years to come.