The collapse of Bitcoin: what one should expect for? The answer is in the history of price changes.

Hello, dear traders! In this article, we will try to figure out whether the collapse of bitcoin, the most popular crypto currency in the world, which initiated the development of the current market for crypto currency, is unavoidable.

All those who are interested in the market of crypto-currency Exchange and Bitcoin in particular, starting from the second half of December 2017 to the present day, stumble on the Internet on a lot of articles that the market of crypto currency will soon fall to zero and cease to exist. In the market there is an open question: “is the actual collapse of Bitcoin unavoidable?”. We will get the answer to it from the history of the price change of the crypto currency since its launch.

The biggest falls of Bitcoin

The price of bitcoin, since 2009, has repeatedly shown growth records and then dropped significantly in price, but at the same time after 9 years of its existence the total capitalization of the bitcoin is about 144 billion, which is a very impressive indicator for a given period of time.

2011

The very first and largest collapse of Bitcoin’s price occurred in 2011, when the price of crypto currency fell by 94% in 5 months, from $ 32 to $ 2 per coin, which occurred against the background of the hacking of the site MtGox.com, which in 2014 finally ceased to exist.

2013

The second serious trial Bitcoin survived between 2013 and 2014. In late 2013, the maximum cost of Bitcoin reached $ 1,200.00 per coin. After in December in China it was forbidden to carry out transactions in the crypto currency to all official financial organizations, Bitcoin’s price went down and in the second half of 2014 reached $ 100.00, losing about 83% of the cost.

2017-2018 

At the end of 2017, Bitcoin’s price went down against the background of increased fears of tougher measures to regulate trade in crypto-currencies. As a result of the flight of some investors from risks, in February 2018 the price of Bitcoin fell by about 70%, reaching $ 5,795.00 per coin, versus the high of 2017 at $ 19,628.00.

Conclusion

Throughout the history of the change in Bitcoin’s price, all the cases listed above were not the only ones. The price of Bitcoin could easily be reduced by about 30% -40%, but the growth was several times higher than the decrease and the stronger it was, the more significant heights were reached by the price of the crypto currency.

Alexander Sivtsov