Post
Topic
Board Bitcoin Discussion
Re: Can Bitcoin Crash?
by
jaresmerel001
on 10/02/2021, 10:50:40 UTC
Volatility is decreasing and the bitcoin ship is growing bigger, better and more secure, let's see how and why-

2010 crash 1# : Bitcoin somehow rose from 0.008 to $30 in 2010 and crashed to 25% in 2010.

From then until 2014, there must have been many ups and downs, but it grew slowly from there to reach $1000.

2014 crash 2# : From $1000 to $230, which was the next biggest crash, but not close to the first. 334% drop.

Given the two enormous drops above, there must have been many ups and downs then and 2017.

Crash 3# in June 2017 : Decline of 67% from $3000 to $1800

Crash 4# in September 2017 : 61% drop from $5000 to $3100

Crash5# in November 2017 : 37% drop from $7800 to $5700

Then again (13000 to 10000 drop of 30% in February 2018 to March 2018.

The steady decrease in volatility, even though it looks huge, but one common thing in all cases was an instant pullback.

The bitcoin bull has been running loose since it gained momentum in 2017 on the very first day. We saw it climb from $10k to nearly $20k in a couple of weeks. Only in the crypto currency world can this form of unprecedented growth be seen.