Don’t be scared of BITCOIN crash

in #cryptocurrency7 years ago (edited)

Let me remind you of this, that this is not the first time bitcoin has crashed very significantly and is not the worst of it all. Based on bitcoin history, crashes occur on:

2011 jun- Nov: -97%---> From $ 32 to $ 2
2012 jan - Aug: -36%---> From from $ 7 to $ 4
2013 Mar 6 -11: -25%---> From $ 49 to $ 36
2013 Apr 10: -79%---> From $ 266 to $ 54
2014 Feb 24: -49%---> From $ 867 to $ 439
2017 jun 11-16: -36%---> From $ 3,000 to $ 1.869
2017 Sept 2-15: -40%---> From $ 5,000 to $ 2,972
2018 Jan 17: -48%---> From $ 19,783 to $ 9,496

If viewed from history, crashes often happen every year since 2011 and proved that this year is not the worst year of the year - the year before. It's all a part of the price discovery cycle, as the price still seems to be pretty much based off news/speculation. We're still ending way higher then where we started every time we crashed.
3115AE94-29FE-428B-99B6-937155192D60.jpeg

Sort:  

while bitcoin is typically in a huge bull market, there could be some pullbacks, check my channel for more! upvoted and followed