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Dark_Sky

The biggest falls of Bitcoin.

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June 2011 - November 2011 

Between the month of this year bitcoin price goes down up to 32$ and 2$!

Many investors are not sure about this and doubting that bitcoin will fall while some take the risk to buy some and now they are multimillionaire. 

If you can go back in this time and you see this scenario what will you do? 

You will take the risk or you will doubt it? 

 

Source:

https://www.google.com/amp/s/cointelegraph.com/explained/the-biggest-rises-and-falls-of-bitcoin-explained/amp

 

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If I go back to that time and when I see this scenario I will definitely discard the bitcoin because already the price has decreased so much and everyone wants profit immediately. I think I won't take any risk.

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I did not even know about Bitcoin at that time. I am regretting now,if I was able to know about Bitcoin at that time, I would buy as much as possible to sell them when the price of Bitcoin reach the highest level once again. 

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To be dramatic, if i could go back in time, i would have been the richest person alive on this planet. Not only bitcoin, there are many opportunities that could have made us a fortune but we missed it. If we look in to the past we will find that we miss such events every year like Amazon stocks, google stocks, Tesla, Netflix and so many more. So there is no point in looking back, just look ahead so that you wont miss another one.

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People were calling Bitcoin a bubble at $10!!! They were tweeting about selling as it was going to collapse. It is always amazing reading all these comments and news from the past.

 

Seriously though, I was in the torrent scene, I was in many tech forums and websites and I was reading financial news from many sources online. I didn't ever read or heard the word Bitcoin until 2013 when price reached $1000. This was the first time I've ever heard of Bitcoin. I had tech-friends which were involved with everything and they only heard of Bitcoin at that time.

 

I remember reading the news about Wikileaks accounts getting frozen by Visa, Mastercard and getting blocked by all payment methods, but in the stupid news I was reading there was no mention on them accepting Bitcoin. The word Bitcoin was muted deliberately by all mainstream media. It was basically word of mouth that spread it and a few articles on tech websites which were mostly used by silicon valley tech-junkies.

Edited by BTC Future
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I never blame these people because if I get back in time, I will definitely do the same without hesitation because at that time the bitcoin currency was unreliable and its price fell a lot.

Edited by Nezar

 

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In 2011 means it's the starting phase of Bitcoin. The price of Bitcoin was very less. According to the source the price topped in the month of June i.e 32$ and went as low as 2 $ in the month of December. At this point many of the peoples may doubted its existence. Many have made millions by keeping the BTC they have.

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in my opinion the biggest fall in bitcoin in value was from $ 22,000 at the end of 2017 to around $ 3,500 in mid-2018 so it was truly an impressive collapse,many people have lost a lot of money...

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19 hours ago, Dark_Sky said:

June 2011 - November 2011 

Between the month of this year bitcoin price goes down up to 32$ and 2$!

Many investors are not sure about this and doubting that bitcoin will fall while some take the risk to buy some and now they are multimillionaire. 

If you can go back in this time and you see this scenario what will you do? 

You will take the risk or you will doubt it? 

 

Source:

https://www.google.com/amp/s/cointelegraph.com/explained/the-biggest-rises-and-falls-of-bitcoin-explained/amp

 

That's was really biggest fall at that time, but for the experienced traders when they see such drop of price like this, they cannot hope that if the coin will still dropping, so they take it as the opportunity to buy the coin. 

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On 6/20/2020 at 8:23 AM, Dark_Sky said:

If you can go back in this time and you see this scenario what will you do? 

Well, i will buy some plenty bitcoins because it has a small amount of value and i will keep it in w long period of time until the price of it increased, i think for those people who are keeping their bitcoin in that time are now millionaire's or billionaire's.

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If the time comes back to fear, I would keep bitcoin because in practical life we are used to taking risks and fear is not a good way if we want to achieve many profits, as fear leads to losing good opportunities and thus keeping bitcoin and risk is the best step

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I didn't know anything about the market then but if I knew now I would buy lots of bitcoins and keep them until prices slowly rise again Luck

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@Dark_Sky Hi dude the crypto market is not much stable it can fall to price less than the previous years back just as it rises to unexpected price. Now is still an opportunity to buy and hold and trade a little from it against the next dump of the market take place.

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Well if i have to say then i would probably buying huge amount of btc and i would be collecting it. But talking about real scene i was so small at that time and for investment in new things like Crypto at that time is almost impossible at least for me. But if i could really go back now, i would buying and taking risk and would be one of the millionaire.

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NOTHING I SAY IS FINANCIAL ADVICE. YOU SHOULD USE YOUR MIND ,FOR YOUR MONEY,

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 There is a lot of coins wich fall down at first then it was raise up again like 

Bitcoin and Litcoin and other coins my friend 

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On 6/20/2020 at 10:10 AM, Fritz1013 said:

I thought the biggest value of the bitcoin so far is about $19000 way back 2017, anyway, thanks for that information, if I am in the situation on that time, maybe I would keep my money even the bitcoin is falling for about 94% because bitcoin is still new on that time and there are still so many things that could happen.

You're right about that. 

Bitcoin reached up to $19000 way back 2017 and that's the biggest value of bitcoin so far. 

In addition there's some expert prediction that says it possible for bitcoin to reach up to 20000$ this year and I'm hoping for this prediction to happen. 

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I do not think that bitcoin could fall to this price, but if that happens, I will buy more bitcoin and will not sell my coins.

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1 hour ago, Omar Ommeish said:

I do not think that bitcoin could fall to this price, but if that happens, I will buy more bitcoin and will not sell my coins.

We don't have to wait for it fall but to maintain the opportunity of buying a little since the price may either rise and fall unexpectedly.

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I don't no the 2011 scenario why bitcoin prices fall down 32$ to 2$ but iam the witness of 2020, when bitcoin prices fall down 10000$ to 4000$ and its good opportunity to buy bitcoin in half prices, I think 2011 most of peoples not believe in bitcoin so i don't think anyone take risk to buy bitcoin including me.

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I believe in taking risks and i believe in bitcoin price. Its normal for bitcoin to go up and later can go down, its price its like a circle. I would take the risk and buy many coins as i could.

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Time is the ultimate weapon!

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It is definitely difficult. We cannot verify our actions at that time, but I think I will not take risks and I will run with the herd. Nobody knows the future and no one knows what will happen.

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On 6/21/2020 at 4:31 AM, guatazoo said:

That's was really biggest fall at that time, but for the experienced traders when they see such drop of price like this, they cannot hope that if the coin will still dropping, so they take it as the opportunity to buy the coin. 

That's a wise thing to do, buy bitcoin when the price is very low then wait for the right moment for it to rise again in the market so you will earn big profits from it. 

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Yes, the bitcoin has started from 0 price and it's hard believe anything with out result and if I even knew the bitcoin at that time I won't invest because who would like to invest in the coin whose price is low.


 

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On 6/20/2020 at 4:48 PM, Nezar said:

I never blame these people because if I get back in time, I will definitely do the same without hesitation because at that time the bitcoin currency was unreliable and its price fell a lot.

For me when that thing happens and if I'm already know that possible for it to hit the current price now I'm sure I will buy many bitcoins so I can earn too much profit from it.

If we are smart enough that time about cryptocurrencies maybe we are multimillionaire now. 


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I don't think there is any benefit in going back in time because this will not happen, but as for your question if I can return to a time when the price of bitcoin was very low I will definitely buy the largest amount of bitcoin and wait for the price to rise to sell it

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