04-07-2021, 04:11 AM
The History of Bitcoin Crashes
<!-- SC_OFF --><div class="md"><p>Bitcoin “bubble” has already popped many many times. They buried him so many times, that I believe poor Bitcoin got nonstop hiccups for all the mentions that he is getting.</p> <p>-93% from $32 to $2 June 2011 to November 2011 = MtGox collapsed, article about buying illegal drugs with Bitcoin</p> <p>-56% August 2012 from $15.25 to $7.50 Bitcoin Savings & Trust’s operator, Trendon Shavers, went to jail for his Ponzi scheme activities.</p> <p>-71% April 2013 from $233 to $67 first big brush with the mainstream and because MtGox stopped trading</p> <p>-87% from $1,166 to $170 November 2013 to January 2015</p> <p>-49% from $867 to $439 February 2014 -MTGox tanks</p> <p>-40% September 2017 from $5,000 to $2,972 due to China banning </p> <p>-84% from $19,665 to $3,164 December 2017 to December 2018 - finally no MtGox, the market was likely overdue for a correction considering how frenzied the market was by the end of 2017.</p> <p>-50% from $9.500~ to $4,500 in March 2020. Covid disease outbreak.</p> <p>But this time it’s different right guys? Guys? Where are you??</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/GroundbreakingLack78"> /u/GroundbreakingLack78 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mljllz/the_history_of_bitcoin_crashes/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mljllz/the_history_of_bitcoin_crashes/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Bitcoin “bubble” has already popped many many times. They buried him so many times, that I believe poor Bitcoin got nonstop hiccups for all the mentions that he is getting.</p> <p>-93% from $32 to $2 June 2011 to November 2011 = MtGox collapsed, article about buying illegal drugs with Bitcoin</p> <p>-56% August 2012 from $15.25 to $7.50 Bitcoin Savings & Trust’s operator, Trendon Shavers, went to jail for his Ponzi scheme activities.</p> <p>-71% April 2013 from $233 to $67 first big brush with the mainstream and because MtGox stopped trading</p> <p>-87% from $1,166 to $170 November 2013 to January 2015</p> <p>-49% from $867 to $439 February 2014 -MTGox tanks</p> <p>-40% September 2017 from $5,000 to $2,972 due to China banning </p> <p>-84% from $19,665 to $3,164 December 2017 to December 2018 - finally no MtGox, the market was likely overdue for a correction considering how frenzied the market was by the end of 2017.</p> <p>-50% from $9.500~ to $4,500 in March 2020. Covid disease outbreak.</p> <p>But this time it’s different right guys? Guys? Where are you??</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/GroundbreakingLack78"> /u/GroundbreakingLack78 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mljllz/the_history_of_bitcoin_crashes/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mljllz/the_history_of_bitcoin_crashes/">[comments]</a></span>Kind Regards R