Corrections come and go. They don't stay forever.
It's just like the boom and bust cycles in the economy. Sort of a similar thing. When people into buying bitcoin are optimistic then prices will go up, and when people that are into bitcoin is pessimistic, then they sell. Of course, there are outside influences such as news and government as well.
But still, these corrections don't last forever and usually, bitcoin bounces back higher.
These horrific bitcoin crashes aren't really horrific when you put them into a historical contest. This correction from $20k to $6k is no exception either.
Topic: Vizualizing All Horific Bitcoin crahes (Read 275 times)
that's what i was expecting until it happened. everyone told us that the bigger it would get, the slower and less violent the moves. to me at least i can barely detect any change at all. we can still shed 10-30% in a few hours without blinking. i must say i'm very surprised by this.
anyway is there someone out there willing to put together some stats about bitcoin's sideways and consolidation moves? they usually last for much longer and it might be more informative about the future. alot of the time bitcoin doesn't actually do very much.
Since the crashes are caused by a bigger supply and a lower demand of bitcoin in the system its price in fiat should be irrelevant in the equation, so big players like whales, exchanges and governments can manipulate bitcoin as they please as long as they keep a huge supply of coins or as it is the case with exchanges they control the platform in which the trades take place or in the case of governments they have control of the discourse in the media. anyway is there someone out there willing to put together some stats about bitcoin's sideways and consolidation moves? they usually last for much longer and it might be more informative about the future. alot of the time bitcoin doesn't actually do very much.
from the picture we can prove that every beginning of the year the price will definitely fall sharply and after that start to rise again until it will peak at the end of the year again.
It's hard to compare a crash from 60$ to 20$ to a crash from 18000$ to 6000$.
At 18000$ the network is supposed to be much stronger and the market cap is much higher, at the first case, the market cap is so low that there's no need for a lot of power to impact the market, while at the second case huge manipulation is needed and is probably being drove by really strong people.
I believe that looking at past crashes won't help is to predict what is going to happen with the recent crash, as all the crashes at the past happened when the bitcoin was much smaller, so there's nothing to compare.
At 18000$ the network is supposed to be much stronger and the market cap is much higher, at the first case, the market cap is so low that there's no need for a lot of power to impact the market, while at the second case huge manipulation is needed and is probably being drove by really strong people.
I believe that looking at past crashes won't help is to predict what is going to happen with the recent crash, as all the crashes at the past happened when the bitcoin was much smaller, so there's nothing to compare.
Bitcoin volatility increaes with the price, you will see huge price fluctuations as the price going to rise more and more it is just because of the manipulation on big level, i agree the market cap is huge as compared to the past don't deny the fact that even today a big amount of bitcoins are still in hold of whales which are manipulating the market according to their need. So a big market cap can't do anything if the market is highly manipulated.
It's hard to compare a crash from 60$ to 20$ to a crash from 18000$ to 6000$.
that's what i was expecting until it happened. everyone told us that the bigger it would get, the slower and less violent the moves. to me at least i can barely detect any change at all. we can still shed 10-30% in a few hours without blinking. i must say i'm very surprised by this.
anyway is there someone out there willing to put together some stats about bitcoin's sideways and consolidation moves? they usually last for much longer and it might be more informative about the future. alot of the time bitcoin doesn't actually do very much.
What it would be far more interesting in my opinion would be the volume (and price) recorded during the crashes.
Of course, without Chinese crap.
I think we're still in an age where "investors" or better said get rich in a day types are the most active in the market, one tiny drop triggers an avalanche.I'm not happy to admit but this is proof a lot of users (traders) are interested more in fiat and their faith is BTC is almost non-existent.
It's hard to compare a crash from 60$ to 20$ to a crash from 18000$ to 6000$.
that's what i was expecting until it happened. everyone told us that the bigger it would get, the slower and less violent the moves. to me at least i can barely detect any change at all. we can still shed 10-30% in a few hours without blinking. i must say i'm very surprised by this.
anyway is there someone out there willing to put together some stats about bitcoin's sideways and consolidation moves? they usually last for much longer and it might be more informative about the future. alot of the time bitcoin doesn't actually do very much.
The problem with people is that they don't look at the history of the coin. Instead, they'll just start panicking and complaining, we can't blame them though because the value is big enough than before.
Because they do not care, those that panicked had no intention to be invested in bitcoin for the long term, even one year seems like too much for them, they just wanted to invest their money and hoped that bitcoin magically gave them earnings and of course when people begin to invest with that kind of mentality the opposite happens, the chart is great since it showed me some crashes I did not knew anything about so this gives me even more confidence in the ability of bitcoin to recover. It's hard to compare a crash from 60$ to 20$ to a crash from 18000$ to 6000$.
At 18000$ the network is supposed to be much stronger and the market cap is much higher, at the first case, the market cap is so low that there's no need for a lot of power to impact the market, while at the second case huge manipulation is needed and is probably being drove by really strong people.
At 18000$ the network is supposed to be much stronger and the market cap is much higher, at the first case, the market cap is so low that there's no need for a lot of power to impact the market, while at the second case huge manipulation is needed and is probably being drove by really strong people.
That's not necessarily true. The faster the price rises, the weaker the support and the more likely that an "Eiffel tower" will occur. All that's required for the price to rise (whether at double-digits or 5-figures) is a lack of sellers. In the reverse direction, all that is required is a lack of buyers. This is a very illiquid market, which is why it's so volatile.
Hopefully there are no more > 80% crashes anytime soon!
I feel the opposite!
The longer I'm involved with Bitcoin, the more excited I am by dips. There's nothing like a good crash. Great buying opportunities, and such fun!
I kind of feel the same but those 80% crashes can sometimes be draining especially for those looking at a short term investment. That's why it's still best that you have a different means of earning money other than trading so you can maximize such opportunities
It's hard to compare a crash from 60$ to 20$ to a crash from 18000$ to 6000$.
At 18000$ the network is supposed to be much stronger and the market cap is much higher, at the first case, the market cap is so low that there's no need for a lot of power to impact the market, while at the second case huge manipulation is needed and is probably being drove by really strong people.
I believe that looking at past crashes won't help is to predict what is going to happen with the recent crash, as all the crashes at the past happened when the bitcoin was much smaller, so there's nothing to compare.
At 18000$ the network is supposed to be much stronger and the market cap is much higher, at the first case, the market cap is so low that there's no need for a lot of power to impact the market, while at the second case huge manipulation is needed and is probably being drove by really strong people.
I believe that looking at past crashes won't help is to predict what is going to happen with the recent crash, as all the crashes at the past happened when the bitcoin was much smaller, so there's nothing to compare.
That's exactly what people said about the crash of 2013 as well.
It's all about perspective. If you've got price at $1300 and it suddenly goes down to $200 within a few months time, you'll probably panic as well. It's not like just because price is low, people don't panic as a result. So I do think that the OP's point still stands. Historical evidence is one of the strongest and history most of the time will repeat itself, sooner or later.
Right now, we're still working out when the recovery will actually happen, and whether or not this dump is over yet. Sure it could go down lower but I think this is a good entry point for the long term, below $10k. Obviously make your own informed decision, just my opinion.
from the existing charts we can know that bitcoin after a sharp fall will rise again and set a new record high price that will be reached at the end of this year so we can only be patient.
It's hard to compare a crash from 60$ to 20$ to a crash from 18000$ to 6000$.
At 18000$ the network is supposed to be much stronger and the market cap is much higher, at the first case, the market cap is so low that there's no need for a lot of power to impact the market, while at the second case huge manipulation is needed and is probably being drove by really strong people.
At 18000$ the network is supposed to be much stronger and the market cap is much higher, at the first case, the market cap is so low that there's no need for a lot of power to impact the market, while at the second case huge manipulation is needed and is probably being drove by really strong people.
That's not necessarily true. The faster the price rises, the weaker the support and the more likely that an "Eiffel tower" will occur. All that's required for the price to rise (whether at double-digits or 5-figures) is a lack of sellers. In the reverse direction, all that is required is a lack of buyers. This is a very illiquid market, which is why it's so volatile.
Hopefully there are no more > 80% crashes anytime soon!
I feel the opposite!
The longer I'm involved with Bitcoin, the more excited I am by dips. There's nothing like a good crash. Great buying opportunities, and such fun!
It's hard to compare a crash from 60$ to 20$ to a crash from 18000$ to 6000$.
At 18000$ the network is supposed to be much stronger and the market cap is much higher, at the first case, the market cap is so low that there's no need for a lot of power to impact the market, while at the second case huge manipulation is needed and is probably being drove by really strong people.
I believe that looking at past crashes won't help is to predict what is going to happen with the recent crash, as all the crashes at the past happened when the bitcoin was much smaller, so there's nothing to compare.
At 18000$ the network is supposed to be much stronger and the market cap is much higher, at the first case, the market cap is so low that there's no need for a lot of power to impact the market, while at the second case huge manipulation is needed and is probably being drove by really strong people.
I believe that looking at past crashes won't help is to predict what is going to happen with the recent crash, as all the crashes at the past happened when the bitcoin was much smaller, so there's nothing to compare.
I find this chart interesting to debunk people who are recently saying the Bitcoin golden age is over...
As I said before, the current situation we see these past days is not the first one and maybe not the last one...
https://pbs.twimg.com/media/DVnfBQgUMAEYEbo.jpg
While it can surprising for people who are not used to see this, in the chart we can see this situation happened several times before, (up to 90%). Notice it happened as short as 2-3 days and 1-month max about
The definition (for me) of a crash is when then the value lost at least 20%. But a crash doesn't mean the end. Maybe it will take more time to come back to what it was 1 -2 month(s) ago but this is fine to me.
As I said before, the current situation we see these past days is not the first one and maybe not the last one...
https://pbs.twimg.com/media/DVnfBQgUMAEYEbo.jpg
While it can surprising for people who are not used to see this, in the chart we can see this situation happened several times before, (up to 90%). Notice it happened as short as 2-3 days and 1-month max about
The definition (for me) of a crash is when then the value lost at least 20%. But a crash doesn't mean the end. Maybe it will take more time to come back to what it was 1 -2 month(s) ago but this is fine to me.
This is a good historical chart of when the major periods of volatility have occurred
Hopefully there are no more > 80% crashes anytime soon!
The problem with people is that they don't look at the history of the coin. Instead, they'll just start panicking and complaining, we can't blame them though because the value is big enough than before.
I find this chart interesting to debunk people who are recently saying the Bitcoin golden age is over...
As I said before, the current situation we see these past days is not the first one and maybe not the last one...
https://pbs.twimg.com/media/DVnfBQgUMAEYEbo.jpg
While it can surprising for people who are not used to see this, in the chart we can see this situation happened several times before, (up to 90%). Notice it happened as short as 2-3 days and 1-month max about
The definition (for me) of a crash is when then the value lost at least 20%. But a crash doesn't mean the end. Maybe it will take more time to come back to what it was 1 -2 month(s) ago but this is fine to me.
The recover has started and we need to hold what we have now instead of sell below the price we bought. Many of us buy bitcoin above $15,000 with the hope that the bullish trends is going to continue but we were most disappointed base on what is currently happening but one thing that is very sure is that bitcoin and altcoins are going to recover again. As I said before, the current situation we see these past days is not the first one and maybe not the last one...
https://pbs.twimg.com/media/DVnfBQgUMAEYEbo.jpg
While it can surprising for people who are not used to see this, in the chart we can see this situation happened several times before, (up to 90%). Notice it happened as short as 2-3 days and 1-month max about
The definition (for me) of a crash is when then the value lost at least 20%. But a crash doesn't mean the end. Maybe it will take more time to come back to what it was 1 -2 month(s) ago but this is fine to me.
I find this chart interesting to debunk people who are recently saying the Bitcoin golden age is over...
As I said before, the current situation we see these past days is not the first one and maybe not the last one...
https://pbs.twimg.com/media/DVnfBQgUMAEYEbo.jpg
While it can surprising for people who are not used to see this, in the chart we can see this situation happened several times before, (up to 90%). Notice it happened as short as 2-3 days and 1-month max about
The definition (for me) of a crash is when then the value lost at least 20%. But a crash doesn't mean the end. Maybe it will take more time to come back to what it was 1 -2 month(s) ago but this is fine to me.
As I said before, the current situation we see these past days is not the first one and maybe not the last one...
https://pbs.twimg.com/media/DVnfBQgUMAEYEbo.jpg
While it can surprising for people who are not used to see this, in the chart we can see this situation happened several times before, (up to 90%). Notice it happened as short as 2-3 days and 1-month max about
The definition (for me) of a crash is when then the value lost at least 20%. But a crash doesn't mean the end. Maybe it will take more time to come back to what it was 1 -2 month(s) ago but this is fine to me.
Yep... It's interesting to see all of this.
Seems like bitcoin usually adjusts around 40-60% after a rally, and then make its way up again after a few months/years of consolidation. History indeed repeats itself. And FUDsters will always remain FUDsters at the end of the day, their job is to be a troll and spread FUD.
I've seen so many people say that there is no chance that the all time high will be broken again, after the crash. Oh wait... And then you realize that people said the exact same thing when the crash of 2013 happened...
History repeats
Nice chart but it's missing the first great "bubble" of 2011.
https://bitcoinmagazine.com/articles/anniversary-of-the-great-bubble-of-2011-1339139269/
https://www.wired.com/2011/11/mf_bitcoin/all/1/
I think that's one of the first bitcoin "deaths" in history and it did go beyond a 90% drop.
https://bitcoinmagazine.com/articles/anniversary-of-the-great-bubble-of-2011-1339139269/
https://www.wired.com/2011/11/mf_bitcoin/all/1/
I think that's one of the first bitcoin "deaths" in history and it did go beyond a 90% drop.
You forgot to mention the famous line "the bitcoin bubble has been popped" by FUDsters and permabears. Everytime bitcoin loses 5-10% of its value, numerous topics will spawn with almost the same title when it clearly is the norm of bitcoin's market movements. Also, aren't the charts enough to prove these people that it's normal for something to lose value and regain it back once more? Silly people. While they are busy crying "bitcoin is dead", smart money buys their 'bags' and silently climb towards their riches.
Also, the pic is cropped on the lower part.
Also, the pic is cropped on the lower part.
Jump to: