Will Bitcoin crash in 2018 can it bounce back ? Read some fact about Bitcoin
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Find some Crash in Bitcoin price in Recent years-
Crash #1
In 2013, Bitcoin had dropped from $250 to $60 in less than 2 weeks.
Back then, to many it was a proper crash.
Bitcoin was dead, there was no going back from that.
Crash #2
Fast forward 8 months.
We’re still in 2013 and Bitcoin had, somehow magically, bounced back and rallied to $1,145 just to decline to $500 in the next 2 weeks.
That was it.
A massive crash and Bitcoin was dead.
Again.
Crash #3
January 2017.
Bitcoin had gone up to $1,150 again.
Since it took nearly 4 years to pull back to the highs of the previous crash, the market participants were nervous and rather skeptical.
But still intrigued.
Fuck.
It happened again, the price went down to $700 in a few days.
It’s over.
This must be the death of Bitcoin.
Crash #4
June 2017.
How in the world did Bitcoin manage to go as high as $3,000?
It’s bound to crash any time now.
That price just can’t be sustained since Bitcoin has no intrinsic value.
Boom!
There is, I told you.
I knew it would drop down to $1,700.
It will only go lower from now on, just you watch.
Crash #5
September 2017.
Okay, maybe I was wrong.
Bitcoin currently sits at $5,000 but it’s probably going to crash any time now.
Hah, see that?
It dropped to $3,000 in 2 weeks.
But most crash-oriented people didn’t believe themselves what they were saying.
They were already hooked on it. And intrigued to the point that it could actually go to the moon.
That’s when the proper crypto craze had started.
Crash #6
December 2017.
$20,000 all-time high caused by the crypto craze.
All the prior “crash talks” were fading out and most people didn’t know what the ceiling on this Bitcoin business actually was.
So, some of them remortgaged their homes to borrow money. Just so they could buy more Bitcoins.
Some rinsed their credit cards and some went to other extreme lengths to generate additional cash flow to buy more coins.
And sure, Bitcoin crashed again.
It went down from $20,000 to $6,000 in just over a month.
Or 37 days to be exact.
During that time though, a lot of people were involved with their own money.
And nobody was shouting about that stupid crash at the time!
That hurts.
$20k was high enough for large market operators to initiate a distribution cycle and they’ve started the global sell-off.
Once the price wasn’t rallying any more, the sell-off had transferred onto the retail investors.
That’s exactly what’s currently pushing the price down and that’s the exact moment when the market sentiment had shifted to the bearish one.
And it will continue to be bearish for a while.
At least until Bitcoin finds its rock bottom.
Will Bitcoin crash in 2018?
Sure.
It already has.
And when it finds a bottom below the $6k mark, it will bounce back.
Perhaps even higher than $20k.
And then, it will crash again.
But this time, you’re equipped with knowledge to determine for yourself whether it’s an actual crash or just a temporary correction.
Because it all depends on how you view it and how well you understand Bitcoin’s overall and long-term potential.