Does anybody noticed this? The bitcoin lost regular 85% of its value as a result of the market correction from $19,800 to $2,900 within the period of 12 months. Just like 2014 - where bitcoin went from $1,200 to $150, losing 85%. This happened to bitcoin before, does anyone here recalls 2013/2014 bitcoin correction?
Yes, I remember that in 2013/2014 almost the same as what we saw right now but I don't know what was happen before 2013/2014 because I don't know about crypto before. I only remember that in that year, bitcoin price is on the low price and as my friend said, it's because Mt.Gox tragedy and people don't trust with the crypto. But after 2015, bitcoin raise and reach the higher price, and it triggers all coins do the same thing as bitcoin. I think this year have similarity as 2013/2014 so we still waiting for what will happen in the next year.