Comparison of historic Bitcoin bubbles

2017 was the year, when everybody from your grandma, neighbor, doctor, to used-car dealers, to your kids friends at school have bought cryptocurrencies, and in particular ripple/tron/bcash/bcc/etc because it’s “cheap” compared to Bitcoin, or it was recommended by a 17 year old on youtube.
Most of those selling now had been buying cryptocurrencies and tokens based on next to no good information.

All the new money has given us a bigger $/knowledge ratio than at end of 2016.
$ : knowledge = emotional (movements) : rational (movements)
The larger the $/knowledge ratio, the more likely a large downturn. Here we are now.
When the bear comes to kick their teeth in, people will go back and learn the basics, learn from their mistakes, price recovery starts, life moves on.

As comparison, this current drop (~70%) was not even the biggest in BTC history, see chart below:

^{Click on the image to view full screen!}

chart By Kurzycz http://www.kurzy.cz/ (Own work, http://www.kurzy.cz/zpravy/440516) [CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0)], via Wikimedia Commons

or in txt :
📉 - 94% 2011 $32 to $2
📉 - 36% June 2012 $7 to $4
📉 - 79% April 2013 $266 to $54
📉 - 87% January 2015 $1166 to $170
📉 - 40% September 2017 from $5000 to $2972

Good information on Bitcoin can be found here : https://lopp.net/bitcoin.html

Not good information can be found on bitcoin.com, thanks to bitcoin judas : Roger Ver and other big blockers or bcash fans, who are obsessed, that increasing the block size is THE solution.