A look back at five crashes in Bitcoin history:

Look back at the last nine years and there have been five major price jumps in the cryptocurrency space.


In 2011,

From 2010 to 2011, the price of bitcoin kept rising (after all, the price base was small, and more and more people joined it), until February 2011, when bitcoin officially reached parity with the DOLLAR. In less than a year, bitcoin rose from $0.30 to $31.50, a price increase of about 333 times.

In March 2011 to April 2011, the development history of COINS once again a major turning point – the currency and sterling, Brazil, Poland coin online trading platform, then The Times, Forbes and mainstream media have been published in the United States, the currency related articles, investors from more countries influx notes, On June 8, 2011, bitcoin hit a record high of $31.9 per coin, up about 16,600 times from its initial price.

Soon after, a bitcoin owner was hacked and his bitcoin worth about $500,000 was stolen. Investors questioned the security of the digital currency, and bitcoin prices continued to fall, falling sharply.

Bitcoin has fallen 85% from $31.50 to $4.77 in just a month and a half. Throughout the decline, there were seven days when bitcoin suffered a one-day drop of more than 20%. The decline lasted three months before it really hit bottom.

In 2013,

It wasn’t until March 2013, when the global value of bitcoin issued exceeded $1 billion at exchange rates and bitcoin’s rise began to take off, that investors generally realized just how revolutionary bitcoin’s “decentralization” and “full regulation” were.

In January 2013, due to the Debt crisis in Cyprus, many people began to abandon the traditional financial industry regulated by banks, and digital currency became popular. The price of a single coin soared to 266 DOLLARS, and bitcoin rose more than 100 times.

Soon after, investors came to their senses and bitcoin prices began to fall.

In April of that year, bitcoin fell 77.4 percent from $266 to $54.25 in just a few days. After a few months of correction, bitcoin regained ground and hit a new high.

At the end of 2013

Since November 2013, the price of bitcoin has suddenly soared to a high of $1,156. By mid-December, however, it had plummeted to $467, a drop of more than 55%. It began to rise on October 31 and reached its peak on December 5 for 36 days. It then plummeted and reached its lowest point on December 18 for 13 days.

In 2014,

In 2014, bitcoin was still recovering from a steep fall at the end of 2013. But Mt. Gox, the world’s largest bitcoin exchange at the time, was hacked and 850,000 bitcoins were stolen. The price of bitcoin fell directly from $949 to $358, a drop of nearly 60%. It took three months. Bitcoin then entered a bear market for several years.


2014 chart:

Trends for 2015:

2016 chart:


In 2017,

The price of bitcoin began to recover in January 2017, once again breaking the $1,000 mark, and then soared.

By June, bitcoin was trading as high as $3,000. In mid-July, however, the Chinese government suspended cryptocurrency trading, and bitcoin fell 35% to $1,900.


Conclusion:

Throughout the history of bitcoin over the past few years, bitcoin has become more and more influential in the world, but less and less produced. From the initial price of $0.003 to the “unprecedented” grand record of $18,674, and now the average performance of more than $4,600, the development history of Bitcoin in recent years can be described as “the rise and fall of a happy family”.









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