The History of Bitcoin Crashes

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.

-93% from $32 to $2 June 2011 to November 2011 = MtGox collapsed, article about buying illegal drugs with Bitcoin

-56% August 2012 from $15.25 to $7.50 Bitcoin Savings & Trust’s operator, Trendon Shavers, went to jail for his Ponzi scheme activities.

-71% April 2013 from $233 to $67 first big brush with the mainstream and because MtGox stopped trading

-87% from $1,166 to $170 November 2013 to January 2015

-49% from $867 to $439 February 2014 -MTGox tanks

-40% September 2017 from $5,000 to $2,972 due to China banning

-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.

-50% from $9.500~ to $4,500 in March 2020. Covid disease outbreak.

But this time it’s different right guys? Guys? Where are you??