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's mostly true. The fact is that over the long run there will be corrections and bear markets that will bring the price per bitcoin down. Bitcoin is traded on the open market so these things are really expected, and is what is happening at the moment.
Right now, people are too concerned about the bitcoin price tanking and not focusing on the big picture.
I think that for me, bitcoin's got a long way to go. If the price crashes, it's going to be temporary and obviously isn't going to last forever. It's a matter of time before bitcoin's bull season comes again. Plus, this current recession we are experiencing of the entire crypto economy may just be temporary. Nobody knows for sure that the bull season is indeed over.