Post
Topic
Board Speculation
Re: Historic BITCOIN crash
by
Febo
on 06/02/2018, 15:48:54 UTC
let me remind you of this, that this is not the first time bitcoin has crashed very significantly and its not the worst of all crash. (correct me if i'm wrong) Based on bitcoin history, crashes occur on:

2011 jun- Nov: -94%---> From $ 32 to $ 2
2012 jan - Aug: -36%---> From from $ 7 to $ 4
2013 Mar 6 -11: -25%---> From $ 49 to $ 36
2013 Apr 10: -79%---> From $ 266 to $ 54
2014 Feb 24: -49%---> From $ 867 to $ 439
2017 jun 11-16: -36%---> From $ 3,000 to $ 1.869
2017 Sept 2-15: -40%---> From $ 5,000 to $ 2,972
2018 Jan 17: -69%---> From $ 19,783 to $ 6,048

If viewed from history, crashes often happen every year since 2011 and proved that this year is not the worst year of the year - the year before. What do you think, whether this crash will continue or not?

-69.43% now.  Still 10% behind the second biggest crash. What sounds little but it is a lot. Bitcoin will need to go to $4000 for that what I think is peaty much close to the bottom we will see in upcoming months.