Bitcoin "Crashes" (significant corrections) throughout the years
There have been several major corrections on Bitcoin throughout the years, which many people call "Crashes" and declare Bitcoin dead, but it always recovers. I marked here the most of these huge dips up to today.
The biggest by far has been the 2014 crash of -86.62% which was almost repeated in 2018 (we came close: -84%) - in fact, Bitcoin has done this 3 times in its history - dip by more than 80% - in 2013, 2014 and 2018 during the latest bear market.
But there have been some major corrections even throughout the bull market, like in 2017 for instance, when we had at least 4 dips of over -30%, one was in fact -40% - from the then $7k level to $5k level - something that can still make many people rather uneasy.
This year (2019) we have only seen one correction of more than 20% but none yet come close to 30% or more, so the bull cycle is in full force, let's see where it takes us. (my projection is $40k in a year from now)
The biggest by far has been the 2014 crash of -86.62% which was almost repeated in 2018 (we came close: -84%) - in fact, Bitcoin has done this 3 times in its history - dip by more than 80% - in 2013, 2014 and 2018 during the latest bear market.
But there have been some major corrections even throughout the bull market, like in 2017 for instance, when we had at least 4 dips of over -30%, one was in fact -40% - from the then $7k level to $5k level - something that can still make many people rather uneasy.
This year (2019) we have only seen one correction of more than 20% but none yet come close to 30% or more, so the bull cycle is in full force, let's see where it takes us. (my projection is $40k in a year from now)
