Bitcoin crashes history. Looking at the above chart bitcoins worst crash lasted 411 days ending in january of 2015. Since january 2012 there have been thirteen major corrections or crashes in bitcoin including this latest rout. History of bitcoin crashes the a z of history of bitcoin crashes does history of bitcoin crashes sometimes make you scared about getting involved in the crypto space.
As of today the price is down 645 in just the last 51 days. However it may well be comforting to hear that bitcoin has suffered many such price crashes in its short history. The most recent crash in bitcoin history occurred after fears surrounding the impending fork had evaporated.
As early as january 2012 when it was still in its relative infancy and trading at a mere 738 per coin bitcoin suffered its first major crash dropping in value to 380 or almost 50 over the course of just over a fortnight. Unlike traditional currencies such as dollars bitcoins are issued and managed without any central authority whatsoever. The nose dive sent bitcoins price plummeting 87.
Its possible that todays crash will inaugurate a bear market like the one that occurred in late 2011. Despite the steep 70 losses during the latest cryptocurrency sell off this is not an unusual event for bitcoin. The history of bitcoin has been a litany of steep rises followed by sharp drops and a defined period of correction.
September has been a wild ride for bitcoin owners. There is no government company or bank in charge of bitcoin. If you bought bitcoin in december 2017 before the latest price crash you may be suffering from fear uncertainty and doubt fud.
The digital currency began the month nudging an all time high of 5000 before losing nearly 40 of its value in a spectacular crash. Reaching nearly 5000 in value by the start of september 2017 bitcoin had reached a new record high which was suddenly terminated by a 37 drop by the middle of the month. A distributed worldwide decentralized digital money.
Bitcoin is the currency of the internet. A history of major bitcoin crashes.