Poll: comparing to current bull market: what caused 2013's March and November bitcoin price booms to be so steep and fast?
I'm writing a new retrospective article on the potential impact the so called MtGox hidden trading bot had on historical price movements. Most importantly I seek to contrast the current, very progressive and stable, bull market to that/those of 2013 - which were sharp and fast. My argument here would suggest that MtGox's secret bot may well be behind this difference. As there is much uncertainty about the events & activities leading up to MtGox's demise, it's only best to gauge the community insight. Please answer the Twitter poll on the potential root-causes / differences between the 2013 and our current bull market. Alternative arguments are more than welcome in the comments.
I bookmarked this video explaining what bitcoin is in April 2013. I only bought in just before the first big crash in November that year (and HODL'd to this day). Check your bookmarks once in a while kids!
The price of Bitcoin just hit an all-time high - "currently trading at around $1,186 — which is about $20 more than its previous all-time high of ~$1,165, which it hit in November 2013, at the height of Bitcoin-mania."
If You Bought $100 of Bitcoin Every Month Since November 2013 - Bitcoin's Price Peak...
During the Bitcoin Bull Market Peak of November 2013 — Coinbase, a trusted digital asset exchange company located in San Francisco, listed this selling price for 1 Bitcoin (XBT) at: $1108.80. People sang “to the moon!” But within 19 days the price dropped by 53.5%. People lost money. Media outlets brushed off the technology. Investors and financial analysts gave it the inaugural "thumbs down" that happens when a stock, commodity, or currency drops. Market optimism was crushed. And by January 2015, the market hit its next all time low. What if there was a way to invest safely without losing the original value of our money? Continue reading at: https://steemit.com/bitcoin/@briandriscoll/if-you-invested-usd100-every-month-in-bitcoin-since-november-2013 Note: Hey everyone, I bought in during this time and created this thought experiment. Using a common strategy by investors today "set it and forget it", we look at Bitcoins potential as in investment. A good article for those thinking about trading or investing in Bitcoin.
Why is it when I do a Google search for 'bitcoin price', the result *still* includes an article from November of 2013?? You know the one it's "12 questions about Bitcoin you were too embarrassed to ask". What the hell, Google?
01-31 22:33 - 'Unlikely. Look at the [bear market from December 2013 to January 2015]. Bitcoin fell from $1242 to $201, an 83.8% drop. Similarly, between June 9, 2011 and November 20, 2011, bitcoin fell from $29.58 to $2.23, a 92.5% drop. The...' by /u/n0t_5hure removed from /r/Bitcoin within 0-8min
''' Unlikely. Look at the [bear market from December 2013 to January 2015]1 . Bitcoin fell from $1242 to $201, an 83.8% drop. Similarly, between June 9, 2011 and November 20, 2011, bitcoin fell from $29.58 to $2.23, a 92.5% drop. There have been other, similar, bear markets. Moreover, when you look at the most recent price run up and fall, it looks remarkably similar to the ones mentioned above. A similar drop of 80-90% would put bitcoin in the $2-4K range. Edit: Remindme! One Year ''' Context Link Go1dfish undelete link unreddit undelete link Author: n0t_5hure 1: https://99bitcoins.com/price-chart-history/
May 2019 has been an incredible month for bitcoin price. And just a tiny extra push could see it being the best month since November 2013. Warum hat Bitcoin am 5. November 2013 sein Allzeithoch geknackt? Dies war eine von Hype und Gier getriebene Welle. Die Leute hatten das ganze Jahr 2013 hindurch von Bitcoin gehört, jedoch nie gehandelt. Beim zweiten Anlauf wagten schließlich viele Menschen den Sprung und begannen, sich für Bitcoin zu interessieren. Warum hat Bitcoin am 20. Februar 2013 sein Allzeithoch geknackt? Viele ... In November 2013, Patrick Murck, general counsel of the Bitcoin Foundation, testified before a United States Senate committee convened to assess digital currencies, at which the reception of bitcoin by lawmakers was generally positive. In July 2014, Bitcoin Foundation retained Lobbying Group to take the Cryptocurrency to Washington. Bitcoin in November 2013 vs. May 2019. The news of bitcoin looking to set its highest monthly gain in six years brings up some critical points of comparison between BTC in the present and circa 2013. Six years ago, BTC arguably began to make its first imprint on the mainstream finance market as it grew by more than 10,200 percent during the year. Back in 2013, the BTC market was exclusively ... Month: November 2013. November 30, 2013 November 30, 2013. Consolidation around $1200. Wasn’t sure wether to mention that momentum divergence or not in my last post in case I attached too much significance to it. Sometimes in bitcoins the corrections are flat instead of down as I’ve noted before. Rather than dipping it looks like price wants to consolidate around $1200 for a while similar ...
US Senate Committee on Banking, Housing, and Urban Affairs hearing on virtual currencies Witnesses testified on virtual currencies such as Bitcoin. Specifically testimony and committee members ... What does bitcoin mean? Where will bitcoin go? Today (28 Nov 2013) we are in the most recent mania phase for bitcoin as the currency becomes an asset class among financial types. In the future ... Is Bitcoin The New Euro? Disrupt Europe 2013 - Duration: 23:21. TechCrunch Recommended for you. 23:21. The booming Bitcoin business Made in Germany - Duration: 4:11. DW News Recommended for ... I missed the first few minutes. Banking, Housing, and Urban Affairs Subcommittee SD-538 Panel 1 Ms. Jennifer Shasky Calvery Director, Financial Crimes Enforc... Vitalik Buterin explains what quantum computers are, what they can and cannot do, and the implications they may have to the future of Bitcoin. The lecture took place on November 3rd 2013. Slides ...