Post
Topic
Board Economics
Re: Why did bitcoin go down?
by
Impaler
on 12/04/2013, 10:27:34 UTC
Which is much better than having an appallingly scrambled memory, as I only recall there ever being a major crash back in July/June 2011, and of course now April 2013. There was certainly no crash throughout 2012, as I waited through most of the latter part of it for a correction that I felt would come, but never did.

You need only go back and look at Mt.Gox history to see the bubble an crash in Nov 2010, it something like 10 cents up to 50 then back down to 20, it also ran for a shorter timer period, just a week from start to finish.  In absolute terms a small thing but proportionally its was as large as the other more recent bubbles.