Topic: The Biggest Rises and Falls of Bitcoin - page 2. (Read 740 times)
this is a cycle that is common in bitcoin every year, many see if the price of bitcoin can grow high and fall free, but it is not a problem we can take the opportunity to make a profit
I believe in history repetition, that this ups and downs are just a part of a cycles. The problem that I have is struggling with basic life needs, I still don't have enough funds to invest as much as I would like to and I really hope that I will be able to buy and storage some amount. I wouldn't like to be just a bystander and watch how things are going great and I am not part of it.
of course bitcoin will go to the moon again and to be honest I do not see much sense to continue this topic again. But people have always wanted to know the future and only historical facts of the past can tell us about the future 
I could definitely says that it is true the saying that history repeats itself, most especially here in the cryptp currency community. And as we can see the data analysis of the rises and downfalls of the Bitcoin crypto currency. It just just says exactly as it is.
This excellent analysis had given me the insight of price behavior of bitcoin its often said that 'history repeat itself' meaning that all hope is not lost as a new year is usher in I am quite optimistic of the price of bitcoin bouncing back into reckoning then regaining its volatility.
Different times than those days before imo. Before it is not known to many major internet users. But last year was the only time it was bought by even non-investors and just wanted to ride the FOMO. The game now is for real mass adotion and use cases. Acceptance by the authorities is not the main issue as many big time insti have adopted the technologies in crypto.
bitcoin is still in its early stage and definately bitcoin will run again to new all time high.bitcoin is here to stay and history proved it.
I have a similar opinion to OP, BTC price was always very volatile. After a huge bull market followed a huge bear market of losses up to 95%. It's very likely, that history can repeat itself, but nobody can say for sure if it will happen. I don't see a reason why not. At least 20k is very realistic to reach again as it was possible before. Since 2017 BTC has improved some problems.
And to all people quoting the OP, please don't do this, it's only spam. Everyone can read OP at page 1.
And to all people quoting the OP, please don't do this, it's only spam. Everyone can read OP at page 1.
It seems to me that only those who started to be interested in Bitcoin in the second half of last year and later think about it is the end of Bitcoin. Anyone who has at least a small idea about financial markets knows that a young market such as cryptocurrencies will have for sure more than one ATH.
Bitcoin really experienced more than one fall. And quite likely, it will survive many more falls. But unfortunately, such falls do not add to the attractiveness of Bitcoin as an investment. Bitcoin is still a highly manipulative trading tool. This circumstance holds back many people from investing in Bitcoin. I really hope that Bitcoin will become very stable over time. This will give him many benefits and people will start investing in Bitcoin.
I have a similar opinion to OP, BTC price was always very volatile. After a huge bull market followed a huge bear market of losses up to 95%. It's very likely, that history can repeat itself, but nobody can say for sure if it will happen. I don't see a reason why not. At least 20k is very realistic to reach again as it was possible before. Since 2017 BTC has improved some problems.
And to all people quoting the OP, please don't do this, it's only spam. Everyone can read OP at page 1.
And to all people quoting the OP, please don't do this, it's only spam. Everyone can read OP at page 1.
" Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user-to-user on the peer-to-peer bitcoin network without the need for intermediaries. " - Wikipedia
This post is exciting demonstration of how Bitcoin investors can give someone a run for their money, if they HODL their investment perfectly timed.
source:
https://cointelegraph.com/explained/the-biggest-rises-and-falls-of-bitcoin-explained
"
1.November 2011
A sharp fall in the early days of Bitcoin.
June 2011 had seen Bitcoin’s price hit about $32, falling precipitously to $2 over the course of five months — that’s a 94 percent drop. Many investors, unsure about what to expect in the crypto world, decided to cut their losses and get out of the Bitcoin game altogether — and these same people will now be kicking themselves that they didn’t ride out the correction, as they would have undoubtedly been multimillionaires by now.
2.November 2013
Arguably the most famous decline in Bitcoin’s history.
Toward the end of 2013, the price of a single Bitcoin was about to reach $1,200 — modest by today’s standards but a big deal at the time. In the preceding weeks, a United States Senate hearing had buoyed the market by concluding that Bitcoin held great promise, and even China’s Central Bank had offered cautious approval.
But it wasn’t to last. China then concluded that Bitcoin was not a currency and began to impose restrictions. The bear market certainly wasn’t helped by the devastating implosion of Mt. Gox back in 2014, which saw roughly seven percent of all Bitcoin in circulation vanish. At the time, they would have been worth an eye-watering $473 million. Other distributed denial of service (DDoS) attacks added to the crisis of confidence.
The warning signs first flashed on Nov. 19, 2013, when prices halved in a single day — tumbling from $755 to $378. Although they rallied soon afterward, the end of the month signaled the start of a slump that wouldn’t end for more than a year.
Toward the end of the correction, in January 2015, prices slumped to a paltry $150 — and the ramifications have lingered for years. Overall, prices tumbled by 87 percent over the 411-day ordeal.
3.April 2013
Percentage-wise, one of the biggest falls in Bitcoin’s value.
With dizzying speed, the cryptocurrency managed to swell to a price of $260 in a bullish market, as exchanges blossomed and trader numbers boomed. But as Nelly Furtado once said, all good things must come to an end. The price tumbled down to $45 in the space of two days — a decline of 83 percent. Even roller coaster rides aren’t that brutal.
4.December 2017
Bitcoin has had startling highs as well as lows.
Over the course of 2017, Bitcoin grew by a dazzling 1,950 percent — going from $974 to $20,000 in the space of a year.
Back then, as this article from Cointelegraph at the end of last year shows, there were warnings from certain commentators that a bubble was looming. Perhaps it would have been prescient to remember the wisdom of Nelly Furtado at the time. That said, crypto advocates continue to maintain that the volatility of Bitcoin can be as much of a help as a hindrance — and believe that, one day soon, it will perform in line with the glory days of 2017.
5.November 2018
What is it about Novembers?
Over the course of 2018, Bitcoin has had an annus horribilis — with prices tumbling by more than 83 percent when compared to the all-time high of $19,783.
This is worse than the Nasdaq’s plunge when the dot-com bubble burst in the U.S. — and it has also delivered catastrophic consequences for many other digital currencies, which have now been rendered worthless. This is because the fate of many coins, and indeed other cryptocurrencies, is tied to blockchain in some way or another. Just take a look at Ethereum as a case in point, which has tumbled from $1,400 toward the start of 2018 to about $110 at the time of writing.
To get an idea of the enormity of this drop, Bitcoin hadn’t dipped below $4,000 since September 2017 before November’s bloodbath began. In the space of a week, Bitcoin Cash plummeted more than 56 percent — and was even overtaken by EOS briefly from a market capitalization perspective, leaving it relegated to the fifth-largest coin in the marketplace.
Following the ups and downs of the crypto market doesn’t need to be a daunting experience. Keeping an eye on the news can help ensure that you stay one step ahead — and get an idea of when major events are going to have an impact on prices. Sites such as Coin360 have also been making the market easier to navigate — offering a visual representation of cryptocurrencies and coins in real time. The size of each graphic reflects the cryptocurrency’s market capitalization — with prices and percentage changes illustrated in red and green so enthusiasts can see where the industry is heading at a glance.
Just like what they said " HISTORY REPEAT ITSELF "
I am not encouraging everyone to Invest or any kind of course its all up to you! but you can always learn something by learning little history about bitcoin.
Think ahead about the future of your investment.
Are you ready to keep it ? or are you targeting something else.?
GOOODLUCK MATE!!:)
This will teach us and give us realizations in life , bitcoin are facing so many problems before and it is currently happening right now. What I mean is that bitcoin survive all of the challenges before so why not now? Bitcoin will rise again maybe not now but soon. I cant wait to see the future of bitcoin because I know it will be definitely more successful. Thankyou for this , it adds knowledge to me. This post is exciting demonstration of how Bitcoin investors can give someone a run for their money, if they HODL their investment perfectly timed.
source:
https://cointelegraph.com/explained/the-biggest-rises-and-falls-of-bitcoin-explained
"
1.November 2011
A sharp fall in the early days of Bitcoin.
June 2011 had seen Bitcoin’s price hit about $32, falling precipitously to $2 over the course of five months — that’s a 94 percent drop. Many investors, unsure about what to expect in the crypto world, decided to cut their losses and get out of the Bitcoin game altogether — and these same people will now be kicking themselves that they didn’t ride out the correction, as they would have undoubtedly been multimillionaires by now.
2.November 2013
Arguably the most famous decline in Bitcoin’s history.
Toward the end of 2013, the price of a single Bitcoin was about to reach $1,200 — modest by today’s standards but a big deal at the time. In the preceding weeks, a United States Senate hearing had buoyed the market by concluding that Bitcoin held great promise, and even China’s Central Bank had offered cautious approval.
But it wasn’t to last. China then concluded that Bitcoin was not a currency and began to impose restrictions. The bear market certainly wasn’t helped by the devastating implosion of Mt. Gox back in 2014, which saw roughly seven percent of all Bitcoin in circulation vanish. At the time, they would have been worth an eye-watering $473 million. Other distributed denial of service (DDoS) attacks added to the crisis of confidence.
The warning signs first flashed on Nov. 19, 2013, when prices halved in a single day — tumbling from $755 to $378. Although they rallied soon afterward, the end of the month signaled the start of a slump that wouldn’t end for more than a year.
Toward the end of the correction, in January 2015, prices slumped to a paltry $150 — and the ramifications have lingered for years. Overall, prices tumbled by 87 percent over the 411-day ordeal.
3.April 2013
Percentage-wise, one of the biggest falls in Bitcoin’s value.
With dizzying speed, the cryptocurrency managed to swell to a price of $260 in a bullish market, as exchanges blossomed and trader numbers boomed. But as Nelly Furtado once said, all good things must come to an end. The price tumbled down to $45 in the space of two days — a decline of 83 percent. Even roller coaster rides aren’t that brutal.
4.December 2017
Bitcoin has had startling highs as well as lows.
Over the course of 2017, Bitcoin grew by a dazzling 1,950 percent — going from $974 to $20,000 in the space of a year.
Back then, as this article from Cointelegraph at the end of last year shows, there were warnings from certain commentators that a bubble was looming. Perhaps it would have been prescient to remember the wisdom of Nelly Furtado at the time. That said, crypto advocates continue to maintain that the volatility of Bitcoin can be as much of a help as a hindrance — and believe that, one day soon, it will perform in line with the glory days of 2017.
5.November 2018
What is it about Novembers?
Over the course of 2018, Bitcoin has had an annus horribilis — with prices tumbling by more than 83 percent when compared to the all-time high of $19,783.
This is worse than the Nasdaq’s plunge when the dot-com bubble burst in the U.S. — and it has also delivered catastrophic consequences for many other digital currencies, which have now been rendered worthless. This is because the fate of many coins, and indeed other cryptocurrencies, is tied to blockchain in some way or another. Just take a look at Ethereum as a case in point, which has tumbled from $1,400 toward the start of 2018 to about $110 at the time of writing.
To get an idea of the enormity of this drop, Bitcoin hadn’t dipped below $4,000 since September 2017 before November’s bloodbath began. In the space of a week, Bitcoin Cash plummeted more than 56 percent — and was even overtaken by EOS briefly from a market capitalization perspective, leaving it relegated to the fifth-largest coin in the marketplace.
Following the ups and downs of the crypto market doesn’t need to be a daunting experience. Keeping an eye on the news can help ensure that you stay one step ahead — and get an idea of when major events are going to have an impact on prices. Sites such as Coin360 have also been making the market easier to navigate — offering a visual representation of cryptocurrencies and coins in real time. The size of each graphic reflects the cryptocurrency’s market capitalization — with prices and percentage changes illustrated in red and green so enthusiasts can see where the industry is heading at a glance.
Just like what they said " HISTORY REPEAT ITSELF "
I am not encouraging everyone to Invest or any kind of course its all up to you! but you can always learn something by learning little history about bitcoin.
Think ahead about the future of your investment.
Are you ready to keep it ? or are you targeting something else.?
GOOODLUCK MATE!!:)
This is kind of informative about the history of Bitcoin. To be honest, I've only been here for almost 1 and a half year and I am glad that I've joined the train. Although it's kind of sad to see the dip of Bitcoin, it was a great experience for me to become wiser for the next years to come.
" Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user-to-user on the peer-to-peer bitcoin network without the need for intermediaries. " - Wikipedia
This post is exciting demonstration of how Bitcoin investors can give someone a run for their money, if they HODL their investment perfectly timed.
source:
https://cointelegraph.com/explained/the-biggest-rises-and-falls-of-bitcoin-explained
"
1.November 2011
A sharp fall in the early days of Bitcoin.
June 2011 had seen Bitcoin’s price hit about $32, falling precipitously to $2 over the course of five months — that’s a 94 percent drop. Many investors, unsure about what to expect in the crypto world, decided to cut their losses and get out of the Bitcoin game altogether — and these same people will now be kicking themselves that they didn’t ride out the correction, as they would have undoubtedly been multimillionaires by now.
2.November 2013
Arguably the most famous decline in Bitcoin’s history.
Toward the end of 2013, the price of a single Bitcoin was about to reach $1,200 — modest by today’s standards but a big deal at the time. In the preceding weeks, a United States Senate hearing had buoyed the market by concluding that Bitcoin held great promise, and even China’s Central Bank had offered cautious approval.
But it wasn’t to last. China then concluded that Bitcoin was not a currency and began to impose restrictions. The bear market certainly wasn’t helped by the devastating implosion of Mt. Gox back in 2014, which saw roughly seven percent of all Bitcoin in circulation vanish. At the time, they would have been worth an eye-watering $473 million. Other distributed denial of service (DDoS) attacks added to the crisis of confidence.
The warning signs first flashed on Nov. 19, 2013, when prices halved in a single day — tumbling from $755 to $378. Although they rallied soon afterward, the end of the month signaled the start of a slump that wouldn’t end for more than a year.
Toward the end of the correction, in January 2015, prices slumped to a paltry $150 — and the ramifications have lingered for years. Overall, prices tumbled by 87 percent over the 411-day ordeal.
3.April 2013
Percentage-wise, one of the biggest falls in Bitcoin’s value.
With dizzying speed, the cryptocurrency managed to swell to a price of $260 in a bullish market, as exchanges blossomed and trader numbers boomed. But as Nelly Furtado once said, all good things must come to an end. The price tumbled down to $45 in the space of two days — a decline of 83 percent. Even roller coaster rides aren’t that brutal.
4.December 2017
Bitcoin has had startling highs as well as lows.
Over the course of 2017, Bitcoin grew by a dazzling 1,950 percent — going from $974 to $20,000 in the space of a year.
Back then, as this article from Cointelegraph at the end of last year shows, there were warnings from certain commentators that a bubble was looming. Perhaps it would have been prescient to remember the wisdom of Nelly Furtado at the time. That said, crypto advocates continue to maintain that the volatility of Bitcoin can be as much of a help as a hindrance — and believe that, one day soon, it will perform in line with the glory days of 2017.
5.November 2018
What is it about Novembers?
Over the course of 2018, Bitcoin has had an annus horribilis — with prices tumbling by more than 83 percent when compared to the all-time high of $19,783.
This is worse than the Nasdaq’s plunge when the dot-com bubble burst in the U.S. — and it has also delivered catastrophic consequences for many other digital currencies, which have now been rendered worthless. This is because the fate of many coins, and indeed other cryptocurrencies, is tied to blockchain in some way or another. Just take a look at Ethereum as a case in point, which has tumbled from $1,400 toward the start of 2018 to about $110 at the time of writing.
To get an idea of the enormity of this drop, Bitcoin hadn’t dipped below $4,000 since September 2017 before November’s bloodbath began. In the space of a week, Bitcoin Cash plummeted more than 56 percent — and was even overtaken by EOS briefly from a market capitalization perspective, leaving it relegated to the fifth-largest coin in the marketplace.
Following the ups and downs of the crypto market doesn’t need to be a daunting experience. Keeping an eye on the news can help ensure that you stay one step ahead — and get an idea of when major events are going to have an impact on prices. Sites such as Coin360 have also been making the market easier to navigate — offering a visual representation of cryptocurrencies and coins in real time. The size of each graphic reflects the cryptocurrency’s market capitalization — with prices and percentage changes illustrated in red and green so enthusiasts can see where the industry is heading at a glance.
Just like what they said " HISTORY REPEAT ITSELF "
I am not encouraging everyone to Invest or any kind of course its all up to you! but you can always learn something by learning little history about bitcoin.
Think ahead about the future of your investment.
Are you ready to keep it ? or are you targeting something else.?
GOOODLUCK MATE!!:)
This post is exciting demonstration of how Bitcoin investors can give someone a run for their money, if they HODL their investment perfectly timed.
source:
https://cointelegraph.com/explained/the-biggest-rises-and-falls-of-bitcoin-explained
"
1.November 2011
A sharp fall in the early days of Bitcoin.
June 2011 had seen Bitcoin’s price hit about $32, falling precipitously to $2 over the course of five months — that’s a 94 percent drop. Many investors, unsure about what to expect in the crypto world, decided to cut their losses and get out of the Bitcoin game altogether — and these same people will now be kicking themselves that they didn’t ride out the correction, as they would have undoubtedly been multimillionaires by now.
2.November 2013
Arguably the most famous decline in Bitcoin’s history.
Toward the end of 2013, the price of a single Bitcoin was about to reach $1,200 — modest by today’s standards but a big deal at the time. In the preceding weeks, a United States Senate hearing had buoyed the market by concluding that Bitcoin held great promise, and even China’s Central Bank had offered cautious approval.
But it wasn’t to last. China then concluded that Bitcoin was not a currency and began to impose restrictions. The bear market certainly wasn’t helped by the devastating implosion of Mt. Gox back in 2014, which saw roughly seven percent of all Bitcoin in circulation vanish. At the time, they would have been worth an eye-watering $473 million. Other distributed denial of service (DDoS) attacks added to the crisis of confidence.
The warning signs first flashed on Nov. 19, 2013, when prices halved in a single day — tumbling from $755 to $378. Although they rallied soon afterward, the end of the month signaled the start of a slump that wouldn’t end for more than a year.
Toward the end of the correction, in January 2015, prices slumped to a paltry $150 — and the ramifications have lingered for years. Overall, prices tumbled by 87 percent over the 411-day ordeal.
3.April 2013
Percentage-wise, one of the biggest falls in Bitcoin’s value.
With dizzying speed, the cryptocurrency managed to swell to a price of $260 in a bullish market, as exchanges blossomed and trader numbers boomed. But as Nelly Furtado once said, all good things must come to an end. The price tumbled down to $45 in the space of two days — a decline of 83 percent. Even roller coaster rides aren’t that brutal.
4.December 2017
Bitcoin has had startling highs as well as lows.
Over the course of 2017, Bitcoin grew by a dazzling 1,950 percent — going from $974 to $20,000 in the space of a year.
Back then, as this article from Cointelegraph at the end of last year shows, there were warnings from certain commentators that a bubble was looming. Perhaps it would have been prescient to remember the wisdom of Nelly Furtado at the time. That said, crypto advocates continue to maintain that the volatility of Bitcoin can be as much of a help as a hindrance — and believe that, one day soon, it will perform in line with the glory days of 2017.
5.November 2018
What is it about Novembers?
Over the course of 2018, Bitcoin has had an annus horribilis — with prices tumbling by more than 83 percent when compared to the all-time high of $19,783.
This is worse than the Nasdaq’s plunge when the dot-com bubble burst in the U.S. — and it has also delivered catastrophic consequences for many other digital currencies, which have now been rendered worthless. This is because the fate of many coins, and indeed other cryptocurrencies, is tied to blockchain in some way or another. Just take a look at Ethereum as a case in point, which has tumbled from $1,400 toward the start of 2018 to about $110 at the time of writing.
To get an idea of the enormity of this drop, Bitcoin hadn’t dipped below $4,000 since September 2017 before November’s bloodbath began. In the space of a week, Bitcoin Cash plummeted more than 56 percent — and was even overtaken by EOS briefly from a market capitalization perspective, leaving it relegated to the fifth-largest coin in the marketplace.
Following the ups and downs of the crypto market doesn’t need to be a daunting experience. Keeping an eye on the news can help ensure that you stay one step ahead — and get an idea of when major events are going to have an impact on prices. Sites such as Coin360 have also been making the market easier to navigate — offering a visual representation of cryptocurrencies and coins in real time. The size of each graphic reflects the cryptocurrency’s market capitalization — with prices and percentage changes illustrated in red and green so enthusiasts can see where the industry is heading at a glance.
Just like what they said " HISTORY REPEAT ITSELF "
I am not encouraging everyone to Invest or any kind of course its all up to you! but you can always learn something by learning little history about bitcoin.
Think ahead about the future of your investment.
Are you ready to keep it ? or are you targeting something else.?
GOOODLUCK MATE!!:)
It depends on the law of demand always. The geater the demand , the greater the price of the commodity or the so called bitcoin. So as of now , that’s all we are witnessing , the price is low and the. demand is not really good. Just a lot of cryptocurrencies coming out now that people find much cheaper and easier to get more profits .Those are people who want a short term investment. The can buy coins cheaper and sell them anytime to gain more profits. However , bitcoin is trying to reach down for eveybody so can afford it. As if going deeper . But be patient, sooner the price of botcoin will rise.
But past history says that bitcoin always end the year with a bang, but it looks this year is very different. So I guess its really hard to look at its past history because the market is still in its infancy and sample that we can deduce from is also small. Although we all now that the price can't go on parabolic rise and we can also say that the price won't go on a long bearish trend. Sooner or later we will see a good bounce, that's for sure.
" Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user-to-user on the peer-to-peer bitcoin network without the need for intermediaries. " - Wikipedia
This post is exciting demonstration of how Bitcoin investors can give someone a run for their money, if they HODL their investment perfectly timed.
source:
https://cointelegraph.com/explained/the-biggest-rises-and-falls-of-bitcoin-explained
"
1.November 2011
A sharp fall in the early days of Bitcoin.
June 2011 had seen Bitcoin’s price hit about $32, falling precipitously to $2 over the course of five months — that’s a 94 percent drop. Many investors, unsure about what to expect in the crypto world, decided to cut their losses and get out of the Bitcoin game altogether — and these same people will now be kicking themselves that they didn’t ride out the correction, as they would have undoubtedly been multimillionaires by now.
2.November 2013
Arguably the most famous decline in Bitcoin’s history.
Toward the end of 2013, the price of a single Bitcoin was about to reach $1,200 — modest by today’s standards but a big deal at the time. In the preceding weeks, a United States Senate hearing had buoyed the market by concluding that Bitcoin held great promise, and even China’s Central Bank had offered cautious approval.
But it wasn’t to last. China then concluded that Bitcoin was not a currency and began to impose restrictions. The bear market certainly wasn’t helped by the devastating implosion of Mt. Gox back in 2014, which saw roughly seven percent of all Bitcoin in circulation vanish. At the time, they would have been worth an eye-watering $473 million. Other distributed denial of service (DDoS) attacks added to the crisis of confidence.
The warning signs first flashed on Nov. 19, 2013, when prices halved in a single day — tumbling from $755 to $378. Although they rallied soon afterward, the end of the month signaled the start of a slump that wouldn’t end for more than a year.
Toward the end of the correction, in January 2015, prices slumped to a paltry $150 — and the ramifications have lingered for years. Overall, prices tumbled by 87 percent over the 411-day ordeal.
3.April 2013
Percentage-wise, one of the biggest falls in Bitcoin’s value.
With dizzying speed, the cryptocurrency managed to swell to a price of $260 in a bullish market, as exchanges blossomed and trader numbers boomed. But as Nelly Furtado once said, all good things must come to an end. The price tumbled down to $45 in the space of two days — a decline of 83 percent. Even roller coaster rides aren’t that brutal.
4.December 2017
Bitcoin has had startling highs as well as lows.
Over the course of 2017, Bitcoin grew by a dazzling 1,950 percent — going from $974 to $20,000 in the space of a year.
Back then, as this article from Cointelegraph at the end of last year shows, there were warnings from certain commentators that a bubble was looming. Perhaps it would have been prescient to remember the wisdom of Nelly Furtado at the time. That said, crypto advocates continue to maintain that the volatility of Bitcoin can be as much of a help as a hindrance — and believe that, one day soon, it will perform in line with the glory days of 2017.
5.November 2018
What is it about Novembers?
Over the course of 2018, Bitcoin has had an annus horribilis — with prices tumbling by more than 83 percent when compared to the all-time high of $19,783.
This is worse than the Nasdaq’s plunge when the dot-com bubble burst in the U.S. — and it has also delivered catastrophic consequences for many other digital currencies, which have now been rendered worthless. This is because the fate of many coins, and indeed other cryptocurrencies, is tied to blockchain in some way or another. Just take a look at Ethereum as a case in point, which has tumbled from $1,400 toward the start of 2018 to about $110 at the time of writing.
To get an idea of the enormity of this drop, Bitcoin hadn’t dipped below $4,000 since September 2017 before November’s bloodbath began. In the space of a week, Bitcoin Cash plummeted more than 56 percent — and was even overtaken by EOS briefly from a market capitalization perspective, leaving it relegated to the fifth-largest coin in the marketplace.
Following the ups and downs of the crypto market doesn’t need to be a daunting experience. Keeping an eye on the news can help ensure that you stay one step ahead — and get an idea of when major events are going to have an impact on prices. Sites such as Coin360 have also been making the market easier to navigate — offering a visual representation of cryptocurrencies and coins in real time. The size of each graphic reflects the cryptocurrency’s market capitalization — with prices and percentage changes illustrated in red and green so enthusiasts can see where the industry is heading at a glance.
Just like what they said " HISTORY REPEAT ITSELF "
I am not encouraging everyone to Invest or any kind of course its all up to you! but you can always learn something by learning little history about bitcoin.
Think ahead about the future of your investment.
Are you ready to keep it ? or are you targeting something else.?
GOOODLUCK MATE!!:)
This post is exciting demonstration of how Bitcoin investors can give someone a run for their money, if they HODL their investment perfectly timed.
source:
https://cointelegraph.com/explained/the-biggest-rises-and-falls-of-bitcoin-explained
"
1.November 2011
A sharp fall in the early days of Bitcoin.
June 2011 had seen Bitcoin’s price hit about $32, falling precipitously to $2 over the course of five months — that’s a 94 percent drop. Many investors, unsure about what to expect in the crypto world, decided to cut their losses and get out of the Bitcoin game altogether — and these same people will now be kicking themselves that they didn’t ride out the correction, as they would have undoubtedly been multimillionaires by now.
2.November 2013
Arguably the most famous decline in Bitcoin’s history.
Toward the end of 2013, the price of a single Bitcoin was about to reach $1,200 — modest by today’s standards but a big deal at the time. In the preceding weeks, a United States Senate hearing had buoyed the market by concluding that Bitcoin held great promise, and even China’s Central Bank had offered cautious approval.
But it wasn’t to last. China then concluded that Bitcoin was not a currency and began to impose restrictions. The bear market certainly wasn’t helped by the devastating implosion of Mt. Gox back in 2014, which saw roughly seven percent of all Bitcoin in circulation vanish. At the time, they would have been worth an eye-watering $473 million. Other distributed denial of service (DDoS) attacks added to the crisis of confidence.
The warning signs first flashed on Nov. 19, 2013, when prices halved in a single day — tumbling from $755 to $378. Although they rallied soon afterward, the end of the month signaled the start of a slump that wouldn’t end for more than a year.
Toward the end of the correction, in January 2015, prices slumped to a paltry $150 — and the ramifications have lingered for years. Overall, prices tumbled by 87 percent over the 411-day ordeal.
3.April 2013
Percentage-wise, one of the biggest falls in Bitcoin’s value.
With dizzying speed, the cryptocurrency managed to swell to a price of $260 in a bullish market, as exchanges blossomed and trader numbers boomed. But as Nelly Furtado once said, all good things must come to an end. The price tumbled down to $45 in the space of two days — a decline of 83 percent. Even roller coaster rides aren’t that brutal.
4.December 2017
Bitcoin has had startling highs as well as lows.
Over the course of 2017, Bitcoin grew by a dazzling 1,950 percent — going from $974 to $20,000 in the space of a year.
Back then, as this article from Cointelegraph at the end of last year shows, there were warnings from certain commentators that a bubble was looming. Perhaps it would have been prescient to remember the wisdom of Nelly Furtado at the time. That said, crypto advocates continue to maintain that the volatility of Bitcoin can be as much of a help as a hindrance — and believe that, one day soon, it will perform in line with the glory days of 2017.
5.November 2018
What is it about Novembers?
Over the course of 2018, Bitcoin has had an annus horribilis — with prices tumbling by more than 83 percent when compared to the all-time high of $19,783.
This is worse than the Nasdaq’s plunge when the dot-com bubble burst in the U.S. — and it has also delivered catastrophic consequences for many other digital currencies, which have now been rendered worthless. This is because the fate of many coins, and indeed other cryptocurrencies, is tied to blockchain in some way or another. Just take a look at Ethereum as a case in point, which has tumbled from $1,400 toward the start of 2018 to about $110 at the time of writing.
To get an idea of the enormity of this drop, Bitcoin hadn’t dipped below $4,000 since September 2017 before November’s bloodbath began. In the space of a week, Bitcoin Cash plummeted more than 56 percent — and was even overtaken by EOS briefly from a market capitalization perspective, leaving it relegated to the fifth-largest coin in the marketplace.
Following the ups and downs of the crypto market doesn’t need to be a daunting experience. Keeping an eye on the news can help ensure that you stay one step ahead — and get an idea of when major events are going to have an impact on prices. Sites such as Coin360 have also been making the market easier to navigate — offering a visual representation of cryptocurrencies and coins in real time. The size of each graphic reflects the cryptocurrency’s market capitalization — with prices and percentage changes illustrated in red and green so enthusiasts can see where the industry is heading at a glance.
Just like what they said " HISTORY REPEAT ITSELF "
I am not encouraging everyone to Invest or any kind of course its all up to you! but you can always learn something by learning little history about bitcoin.
Think ahead about the future of your investment.
Are you ready to keep it ? or are you targeting something else.?
GOOODLUCK MATE!!:)
No matter where it goes all people only want it to go upwards and when the prices go down a lot of people will be crying. Obviously they don't fit to be an investor.
Thank you, you have written a short BTC trip, until today, I still believe in BTC, I still have BTC assets, and I will hold BTC until BTC reaches a value of $ 50000.
My target is simple, I want to be a person who is successful with BTC.
My target is simple, I want to be a person who is successful with BTC.
The biggest rise - this is what will be soon. All the facts speak about it. I can even bet that in the spring Bitcoin will soar upwards.
I think that overall we shouldn't look to history for too many answers but one thing it can tell us is how bitcoin has been through these catastrophic periods before and come out the other end stronger. That suggests that the potential upside for anyone investing now should far outweigh the downside. If you were 50/50 to bitcoin going to zero or recovering it would be wise to invest as much as sensibly possible.
I agre with you mate that's the reason government want bitcoin to regulate
Because of high volatility fluctuations people should knows about full history of how bitcoin moves inthe market
So this current downfall people knows how to control their greedy emotions
I don't think that the governments of the world really care too much about bitcoin volatility and people losing out to price swings. I believe that want to regulate bitcoin so that they can control it and the flow of money through it, it's a threat to sovereign currencies as well as being seen for a vehicle for illegitimate activities.
At the end of the day, Bitcoin is a game of accumulation. Strong hands will always outperform weak ones...
Yes the history repeats itself, that is true. But can we say the same thing for the bitcoin? From start to date the bitcoin price have rises and falls thats is also true. But what if this time it doesn't repeat? Do you have this scenery? Every thing can happen with the bitcoin nowadays, in bad and the good ways. But i am not sure anything anymore.
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