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 definitely could go that high. It's bitcoin and it's already exceeded so many people's expectations since the beginning. And we're not even close to having bitcoin mass adopted by users, as in there is a ton of potential to be found still here.
I think that after this dump, and potentially an upcoming bear season, the pump that we'll experience won't be on par with the 2016-2017 pumps. We may go from $6k to $60k, a 1000% jump, but I just don't feel like 40-50x is going to happen again.
But again, who expected this current pump to happen in the first place? Absolutely no one. Even the most optimistic bulls didn't expect BTC To go to nearly $20k.