There is a warship for the owners of September Bitcoin: Digital currency lost almost $ 40,000 before the top of $ 5000 in a major accident before about 40% of its value. Now, as a recovery, on Monday morning Victino Pope has earned more than $ 4,000.
To keep this in context, Fortune presented this month's accident more closely And four other big bang shocks - as well as a possible explanation for everyone. Together, this account can provide some information about why bitcoin is so volatile, and whether it can survive for a long time.
Meltdown of April 2013
What happened: In the spring of 2013, the cost of Bitcoin fell from $ 233 to $ 67, a terrible fall throughout the night! It is 71% down, it will take seven months to cure.
Why this happened: In April 2013, the accident came after the mainstream with the mainstream after the first major brush. The currency was not crossed $ 15 before 2013, but the flood of media coverage helped it improve over $ 200, the mishap following two small shocks in March shows the improvement in the scope of the betting details. Buy some specialty for the MT on the most popular (at that time) Buy bitcoin
2013 bubbles goes to the pope
What happened: Bitcoin spent about $ 120 in 2013, then the prices went tenfold: by the end of November, the Beat Coin increased by $ 1,150 and then suddenly the party was over, and by mid-December the prices came down from $ 500. It will take more than a year to reach $ 1,000 for the bitcoin
Why this happened: By the end of 2013, the dangerous value has become a classic bubble because the amateur investors have for the first time sent for bitcoin. A more positive attitude on consonant victory helped the poor (in the early years, most people were considered as criminals - if they had heard about it) and American exchanges such as coinbase, which the average people had bought was easy Makes to When the Bitcoin was full of bubbles, the prices would be recovered steadily, but what happened after that
Matte 2014's Gym Uyllit
What happened: In February, when the price of bucket pop dropped from $ 207 to $ 439 (49% reduced), the price of Bitcoin was making huge profits after the 2013 Bubble Pop. By the end of 2016, it started a horrific period for bitcoin
Why this happened: The February accident happened after the Mount operator. For long-term bitcoin owners, Gox-long-term business location was announced that exchange was disconnected. On February 7, the exchange was barred from withdrawing the exchange and later the thieves left 850,000 bitcoins (which would be worth 3.5 billion dollars). The bitcoin security incident and current suspicion of liquidity of the current currency, which for many years damages the value of money.
Summer selloff in 2017
What happened: For the fastest days of 2017, in the early days of January, Bitcoin went crazy for the first time in a year and went crazy like $ 1,000. By June, the exchange rate was $ 3,000 - but later it fell 36% to $ 1,869 in mid-July.
Why this happened: Since bitcoin were new, there was a lot of concern with code under the hood, especially, bitcoin was slower than other crystals like Bitcoin and Ethereum, and its main developer did not compromise with the way to update the software Could It has increased the likelihood of "thorn" (which will prepare two versions of bitcoin's canonical blockchain) and future dispute, in turn, insult and price of the market It is surprising to see a big fall, in August, H-teak was completed in August as opposed to the bitcoin cash, but due to this, there was no problem in bitcoin.
Great China Chill
What happened: After the fear of the fork, bitcoin shouted another crazy: At the beginning of September, it reached $ 5,000 in the beginning of September, which was reduced by 37 percent compared to September 15, in the process, bitcoin The total shipping market was more than $ 30 billion in capital. A recovery has already started, however, after three days the prices climbed above $ 4000.
Why this happened: The assessment of bitcoin can be considered unsafe, while the main reason for the latest accident can be defined in one word: After announcing China its so-called "introductory coin offer" and after disturbing, communist rule Has screamed extensively that trade waste on the trade was completely closed.