what everyone keeps talking about these days (which is during crash) is how big crashes used to be and how big it will get now,...
example:
Historic BITCOIN crashbut something is neglected in my opinion and that is the recovery that always comes after these "crashes". so lets assume this is a crash and i don't care how low it may or may not go. lets talk about the recovery, whenever that might be:
here are some examples based on bitstamp prices:
2012 recovery, August: $2.25 to $16.41 =>
629%2013 recovery, April: $7.1 to $259.34 =>
3552%2013 recovery, December, also a fake pump: $45 to $1163 =>
2484%2016 recovery, June: from $152.4 to 778.85 =>
411%2017 recovery, December: from $465.28 to $19666 =>
4126%where will it go to in the future after the recovery? 5000%? to $400,000?
It is evident that there is a pattern through the years,but I'm not sure that will be repeated again in such percentages.When you say maybe 5000% in price increase it is 50x on current price,and 500k$ is perhaps something John McAfee expected in the short term.
I think it's crucial question when when the price will stabilize and when people will start to believe more in
BTC again then in some other coins.In a long term I belive
BTC can reach six-digit numbers,but maybe in slow growth of 50% or maybe 100% per year.Maybe I am wrong and we can see again some crazy growth of 1000% or something like that this year,but after that the correction would probably be drastic.