Topic: The Biggest Rises and Falls of Bitcoin - page 3. (Read 740 times)
I've been here since Nov. 2013 but never really bothered investing but just watched on the sidelines until April of 2014. It's quite amusing to think that bitcoin always has its own fill of craziness in ups and downs, and was evidenced by charts from previous cycles. Slowly, I'm convinced that the 'hodl' technique is really a truly great investing technique when it comes to cryptocurrency (while of course, spending bitcoin if you have the chance to is still OK). For now, I'm wondering where this decline would take us, and would we surpass 90% of devaluation from the previous ATH is also another intriguing thing that runs through my mind right now.
its falling since i entered the crypto, i caught only 10k try but it failed and here we are.if bitcoin brake the 10k that day, it might change everything.anyway, its still falling at the moment and all we can do is wait.
That is crypto life. Goes up and down. People get in and cash out and so on. After ATH and now bear market we will need a year or more to come back. Some even say it will never get back to 19k. But as we see from history now investors will buy and wait for bull. I think we should do the same.
It shows that recoveries take time but they always happen. This one will be quicker because more people are using crypto now and there are more exchanges to trade on
I have gone through this type of analysis severally but this is serving as a reminder to me and all cryptocurrency investors that are having high blood pressure just because bitcoin and altcoins price is going down. The market will be good again but I don't know when.
I think the price of Bitcoin according to history is repeating itself again and most individuals who have the long-term understanding on it rise and fall in price are carefully watching to see things happening to their advantage. Hope to see bitcoin price soar higher in the year 2019 or possibly in 2020, history cannot lie.
Bitcoin has surly been through the highs and lows history would have it that the highest amount bitcoin attained was $20k but we can be hopeful it would be surpassed
For now, can it be a reference that bitcoin prices will rise again?Remembering, so many negative news about Bitcoin this year?
Its been a roller-coaster of a ride. Been through them all.
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 think that this big decline with a simple calculation will take 1 year and 7 months and then the price will rise to 200K. These are the averages I've just received from old prices and timelines. Of course, the probability of misconduct is high. I think I just want to believe this can happen.
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.
" 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!!:)
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