Statistic Friday - The History of Bitcoin Crashes

in bitcoin •  7 years ago  (edited)

Yeah, yeah, all those crashes everybody's afraid of.

With every bitcoin crash, investors believe that the end is near. Especially the newer investors. It is easy to overlook the fact that the levels at which the crashes started were higher every time. The recent correction of the Bitcoin price is nothing unusual. The past shows that Bitcoin has suffered faster losses in a much shorter time without frightening the long-term investors.

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Very interesting...

just invest if you like the tech, otherwise keep your hands away.
fire can burn you regardless of the chart behavior we've seen in the past.

i do not think that the entire cryptomarket is a bubble but atm the market behave like one. the bubble can burst like hundred times and recover every time to new highs until the day it is over completely.
I think we will see similar things to happen like in the dot.com bubble. A few cryptos will stay and will go up even further in price but sometime in the future and I don't know when a whole lot of the shit out there will go away like instantly. Just look at things like verge, completely useless don't functioning coin with a billion marketcap... the market is just ridiculous.

Crash, crash, crash, ....
The crashes show: Bitcoin is a success story.

Thank you for the great overview.