Post
Topic
Board Economics
Re: panic selling
by
CoinsCoinsEverywhere
on 27/10/2017, 01:41:36 UTC
The Bitcoin  lost half its value in 2013 because of a panic sell-off.
Actually, it lost a lot more than that.  The spike to around $250 earlier in 2013 ended with a very quick crash to around $50 (80% loss).  The subsequent spike to around $1100 at the end of 2013 was followed by a long, drawn-out fall to around $150 (~85% loss) over the following year.