Of course, I know, "this time it's different". And to a degree you would be right to say that, I don't think that what happened last time will necessarily repeat itself. But some people still try to pretend that this is normal market volatility and there were dozens of dips like that in the past - looking at the data, this is really not true. The biggest dips for Bitcoin were (all values in USD):
- 3,014 to 1,927 (36%) in June/ July 2017
- 4,863 to 3,100 (36%) in September 2017
- 7,462 to 5,867 (21%) in November 2017
- 18,491 to 15,266 (17%) in December 2017
Then BTC reached its top at 19,665 and you know the rest, drop to 3,000.
Currently we have dipped from 64,805 to 39,314 - 40% (edit: a few hours later, it's 31,000, so we're at more than 52%!). I'm not saying this necessarily is the big crash, but don't pretend it's just a regular dip. It's a huge one, and it might be the next big crash.
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
π° Install these recommended apps:
π² SocialGood - 100% Crypto Back on Everyday Shopping
π² xPortal - The DeFi For The Next Billion
π² CryptoTab Browser - Lightweight, fast, and ready to mine!
π° Register on these recommended exchanges:
π‘ Binanceπ‘ Bitfinexπ‘ Bitmartπ‘ Bittrexπ‘ Bitget
π‘ CoinExπ‘ Crypto.comπ‘ Gate.ioπ‘ Huobiπ‘ Kucoin.
Comments