History of Bitcoin Crashes

in #bitcoin โ€ข 7 years ago

#Bitcoin has notably 'died' several times
๐Ÿ“‰ - 94% in Jun-Nov 2011 from $32 to $2 because of #MtGox hack
๐Ÿ“‰ - 36% Jun 2012 from $7 to $4 because of Linod hack
๐Ÿ“‰ - 79% April 2013 from $266 to $54 because of MTGox stopped #trading
๐Ÿ“‰ - 87% from $1166 to $170 Nov 2013 to Jan 2015
๐Ÿ“‰ - 49% Feb 2014 because of MTGox tanks
๐Ÿ“‰ - 40% Sep 2017 from $5000 to $2972 China ban
๐Ÿ“‰ - 55% Jan 2018 Bitcoin ban FUD. from $20000 to 8500
I've held through all the crashes. Who's laughing now? Not the panic sellers.
Itโ€™s a money game Market is all about moving money from impatient to the patient. You see crash, I see opportunity.
You - OMG Bitcoin is crashing, I gotta sell!
Me - OMG Bitcoin is criminally undervalued, I gotta buy!
Thatโ€™s strategy that I applied on cryptocurrency