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If you think this crash is a bear market, oh what kind of show awaits you when the bear market really comes. Lets see some of the crashes in previous years

All Cryptocurrencies

by COINS NEWS 237 Views

Nobody likes the crash, not even those folks who waited for prices to go lower so they can buy more. They can’t know how much the prices will go down and allocate their money accordingly.

If you are scared now then boy what kind of show is waiting for you when it really happens.

I think if you are in crypto for some time you probably know that when BTC goes down everything else is going down sonner or later.

Let's see some real fears and crashes during the previous years when it comes to the price of BTC.

BTC in June 2011: -99%

Yep you read it right -99%. Reason for that was the crash of Mt. Gox - the largest Bitcoin exchange in the world when hackers stole over hundreds of millions of dollars from hundreds of accounts.

April 2013: -83%

It is Mt. Gox again that got into an unprecedented total shutdown, sending prices from nearly $260 to $50 because trading was so intense that Mt. Gox couldn’t handle the volume and it crashed.

Isn't it kinda funny that we read how the prices dropped from $260 to $50? It feels like small change now, something you would pull out from your pocket compared to $69k ATH.

December 2017 - December 2018- 84%

May 2021: -53%.

It was a good crash, I holded it, in a couple of months we returned to new ATH. Now we are down again, for now.

No one can know what the future holds, people said $120k before EOY, as you can see it seems very far now.

This is a high volatile market, it is falling fast, but it also knows how to grow fast. It is definitely something that can keep us awake for a long time.

Just remember that you own your money and you invested in crypto. You knew what could happen, winner or loser. Enjoy the crypto world.

submitted by /u/UnexperiencedIT
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