Which crash was worse: 2011 or 2014's? - page 2.

Febo

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Quote from: jehst on June 01, 2015, 01:23:22 PM

I used to think it was 2011's because 30 -> $2 is a 95% crash. And people thought bitcoin was truly dead. But bitcoin bottomed 5 months after the crash.

1200 -> $152 was "only" an 88% crash, but 18 months later, it's not clear that there's even a bottom.

Which crash do you think was worse?

It took way more time now. So even if BTC will go to $60 will still 2011 crash be bigger. IF it will go under $30 then that is different story

NorrisK

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Quote from: Amph on June 01, 2015, 02:19:46 PM

Quote from: NorrisK on June 01, 2015, 02:13:46 PM

Quote from: Amph on June 01, 2015, 02:12:39 PM

it is far easy to overcome a 95%, when you talk about a mere numbers like $30 and $2, not so easy to do the same thing with 1200--->200 or if in the future it will happen again(for sure) with even bigger number(let's say 10k-->1200)

the more we rise, the hardest will be to return to the previous price, every time there is a bad fall

You should not forget that the number of people involved and the services that were build were also much lower. The higher price is atleast partially offset by a greater number of people/services/cash involved.

this is true, but many people can move the price from 2-to 30, because the market was a joke back then, no so much with a bigger market and a price with 4-5 zeroes

at that point only many hands or very rich guys can move it

You are right. Anybody with a decent amount of fiat could buy a couple of hundred to thousand btc back then. Coupled with lower volumes the impact was probably bigger. Didn't think of that.

Amph

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Quote from: NorrisK on June 01, 2015, 02:13:46 PM

Quote from: Amph on June 01, 2015, 02:12:39 PM

it is far easy to overcome a 95%, when you talk about a mere numbers like $30 and $2, not so easy to do the same thing with 1200--->200 or if in the future it will happen again(for sure) with even bigger number(let's say 10k-->1200)

the more we rise, the hardest will be to return to the previous price, every time there is a bad fall

You should not forget that the number of people involved and the services that were build were also much lower. The higher price is atleast partially offset by a greater number of people/services/cash involved.

this is true, but many people can move the price from 2-to 30, because the market was a joke back then, not so much with a bigger market and a price with 4-5 zeroes

at that point only many hands or very rich guys can move it

NorrisK

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Quote from: Amph on June 01, 2015, 02:12:39 PM

it is far easy to overcome a 95%, when you talk about a mere numbers like $30 and $2, not so easy to do the same thing with 1200--->200 or if in the future it will happen again(for sure) with even bigger number(let's say 10k-->1200)

the more we rise, the hardest will be to return to the previous price, every time there is a bad fall

You should not forget that the number of people involved and the services that were build were also much lower. The higher price is atleast partially offset by a greater number of people/services/cash involved.

Amph

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Activity: 3248

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it is far easy to overcome a 95%, when you talk about a mere numbers like $30 and $2, not so easy to do the same thing with 1200--->200 or if in the future it will happen again(for sure) with even bigger number(let's say 10k-->1200)

the more we rise, the hardest will be to return to the previous price, every time there is a bad fall

LFC_Bitcoin

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I don't really care about 2011 because I wasn't involved in bitcoin then.
2014 has been a blood bath though & tbh I'm bleeding from the jugular.
I've HODL'D strong the whole way through but it's been awful, really awful.
I pray this never ending bear market can be halted & we begin to rise.
It's all a bit depressing atm, something needs to happen.

Wandererfromthenorth

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Quote from: fonzie on June 01, 2015, 01:43:47 PM

Quote from: jehst on June 01, 2015, 01:23:22 PM

I used to think it was 2011's because 30 -> $2 is a 95% crash. And people thought bitcoin was truly dead. But bitcoin bottomed 5 months after the crash.

1200 -> $152 was "only" an 88% crash, but 18 months later, it's not clear that there's even a bottom.

Which crash do you think was worse?

The good news is that we probably won´t crash more than 100%

nwfella

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Well hello there!

Quote from: fonzie on June 01, 2015, 01:43:47 PM

Quote from: jehst on June 01, 2015, 01:23:22 PM

I used to think it was 2011's because 30 -> $2 is a 95% crash. And people thought bitcoin was truly dead. But bitcoin bottomed 5 months after the crash.

1200 -> $152 was "only" an 88% crash, but 18 months later, it's not clear that there's even a bottom.

Which crash do you think was worse?

I sadly have to agree, the worst is yet to come! Sad

The good news is that we probably won´t crash more than 100%

lmao...true enough I guess :/

fonzie

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Quote from: jehst on June 01, 2015, 01:23:22 PM

I used to think it was 2011's because 30 -> $2 is a 95% crash. And people thought bitcoin was truly dead. But bitcoin bottomed 5 months after the crash.

1200 -> $152 was "only" an 88% crash, but 18 months later, it's not clear that there's even a bottom.

Which crash do you think was worse?

I sadly have to agree, the worst is yet to come! Sad

The good news is that we probably won´t crash more than 100%

inca

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I didn't arrive until 2013. But I would probably say 2011 based upon the forum posts from that time. People really thought bitcoin was dead. This bear market may have been longer but we know that it is just moving coins from weak hands to strong hands before the ride starts again.

jehst

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21 million. I want them all.

I used to think it was 2011's because 30 -> $2 is a 95% crash. And people thought bitcoin was truly dead. But bitcoin bottomed 5 months after the crash.

1200 -> $152 was "only" an 88% crash, but 18 months later, it's not clear that there's even a bottom.

Which crash do you think was worse?

Topic: Which crash was worse: 2011 or 2014's? - page 2. (Read 1937 times)