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    Author Topic: Bitcoin's historical low and the lessons it teaches us  (Read 1677 times)

    • sagittarius1
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    August 27, 2018, 11:13:04 AM
     #21
    It will be correct that those fall for bitcoin may be by any means authentic in light in the historical backdrop on bitcoin this sort of fall struck them for those initial period However it also provides for us a great lessing that crypto showcase is by any means flighty anything Might be happen here.

  • FruitSprite
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    August 27, 2018, 12:13:02 PM
     #22
    Now people might come up and say that was just introduction stage, it is very natural but honestly I have seen Bitcoin rising from 3,000$ to 19,000$ and then again seen it dropped to 5,000$ in recent times. That doesn't really bother me to be honest as long as I know that I have faith on Bitcoin.

  • biskitop
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    August 27, 2018, 12:17:33 PM
     #23
    Quote from: pooya87 on August 16, 2018, 02:55:39 AM
    i don't know why coinmarketcap has become popular for people as a go to when they want to check the price! it is the worst place you can check the price from. it gives you the average, the charts aren't accurate,...

    Quote from: oriontab on August 16, 2018, 01:29:32 AM
    but the actual lowest price of bitcoin recoded ~

    there you go: https://bitcoincharts.com/charts/mtgoxUSD#czsg2010-06-01zeg2010-08-17ztgSzm1g10zm2g25
    $0.05 on July 2010.
    since you love (the meaningless) market cap so much by July 2010 supply of bitcoin was
    19 months * ~30 days * 144 blocks/day * 50 BTC/block = 4,104,000
    market cap of bitcoin = 4,104,000 * 0.05 = ~$205,200

    the bitcoin sites on the internet are different. they have their own graphics. but the local wallet site, always accurate to see the price of bitcoin and its exchange rate to local currency.

  • CuteSeal
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    August 27, 2018, 01:07:44 PM
     #24
    No need to go that far, there are better examples in the present time and in my opinion people should learn from it. So far, I have understood that Bitcoin will never fail to amaze me when I am least expecting. So, I still have hopes regarding it and it will definitely prevail once the market becomes stable.

  • Mia Wallace
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    August 27, 2018, 01:40:12 PM
     #25
    Bitcoins price at present is 6.5K  USD ,which is not the historical low price and it is an average good base price at the bearish market.whenever the market is turning to bullish its price can move up at any level.Bitcoin is a new form of economy with strong net work systems connected with the modern technology.Block chain technology is an integral part of the bitcoin which strengthen its security systems.Bitcoins features are very attractive which enables to increase its popularity world wide The current price of the bitcoin is good for the investment.

  • cryptogalaxy789
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    August 27, 2018, 05:52:09 PM
     #26
    Your post is very inspiring for the people who are losing their interest in bitcoin. Bitcoin has faced many times worse situation than this and survived them. Now it is in better condition than 2013. So, it is not the time to lose hope. Rather we should have faith in the market. Bitcoin will rise again soon, at least the history says it.

  • larkscrypto
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    August 27, 2018, 06:02:26 PM
     #27
    Bitcoin has survived worse situation than this. So, I think it is not the time to panic. According to history, after a drop, bitcoin rises again. This is the nature of cryptocurrency, it always fluctuates, never stays the same. And by the way, thanks for your motivational post. It will motivate many people to stay in the crypto market.

  • IndependentWild87
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    August 27, 2018, 06:05:56 PM
     #28
    Everything that happens around us must teach us something and this kind of downfall teach us many thing such as the timing, when we need to hold and also the most important keep patient.

  • bellamente
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    August 27, 2018, 06:11:17 PM
     #29
    I noticed that when the volume of daily trading in bitcoin starts to grow, the bitcoin rate is also growing.

    Now the trading volume is $ 3 574 817 402 USD

    This is a very low level and I think the growth will soon begin

  • DimHorse
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    August 28, 2018, 09:57:29 AM
     #30
    I understand your indecting about the falling prices but I will suggest you to not to get panic or worried because bad time doesn't last for long soon the market will be back to its track again but until then we have to be patience

  • TomJ.Lawson
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    August 28, 2018, 10:29:17 AM
     #31
    it's amazing to me because bitcoin now won big capital. if you compare with early age of bitcoin it will be clear to you. bitcoin are now more secure and potential. it will do something in future. it's also continue grow up.

  • qwirtiii
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    August 28, 2018, 10:32:23 AM
     #32
    Quote from: oriontab on August 16, 2018, 01:29:32 AM
    This post is not about the price of the famous 'bitcoin pizza' that saw Laszlo Hanyecz buying two Papa Pizza in 2010 with 10,000 bitcoins (yes, for those who didn't know,it happened) but the actual lowest price of bitcoin recoded formally by coinmarket.com, Here are the details below:
    Bitcoin lowest price was 66.62 $ per bitcoin
    Date was July 07, 2013
    Market cap. for that day was a mere 782,352,000$

    To put that in perspective , current bitcoin's market cap. is 108,199,097,492$ (three extra zeros) and price is approximately 100x, You see, we have really come a long , it is not yet time to give up hope, they is a bigger picture than the current market sentiments.


    source: https://coinmarketcap.com/currencies/bitcoin/historical-data/?start=20130428&end=20180816
                https://www.investopedia.com/news/bitcoin-pizza-day-celebrating-20-million-pizza-order/

    I understanding what you wanted us to think.Yes , we do'nt need to panic and sell our bitcoin in that current lowest price,Bitcoin will need time to recover it's value.Think positive , remember the bitcoin is not yet done and the battle of it is not yet over.

  • Ahimoth
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    August 28, 2018, 10:38:18 AM
     #33
    Quote from: sagittarius1 on August 27, 2018, 11:13:04 AM
    It will be correct that those fall for bitcoin may be by any means authentic in light in the historical backdrop on bitcoin this sort of fall struck them for those initial period However it also provides for us a great lessing that crypto showcase is by any means flighty anything Might be happen here.

    I really believe that the bad moment experience by bitcoin was a blessing in disguise. Well it teaches us a lot of lessons and it really gave us new knowledge. We gain a lot from that experience and I'm so thankful about that. It's really a big help for us and I hope that it will serve as a good lesson. This might happen again and we already know what to do.

  • AliMan
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    August 28, 2018, 10:41:07 AM
     #34
    Quote from: sagittarius1 on August 27, 2018, 11:13:04 AM
    It will be correct that those fall for bitcoin may be by any means authentic in light in the historical backdrop on bitcoin this sort of fall struck them for those initial period However it also provides for us a great lessing that crypto showcase is by any means flighty anything Might be happen here.

    Basically that experience gave us a lot of lessons which we really need. I don't treat that bad experience as a failure of bitcoin rather it's a blessing in disguise. Well what I'm saying is the help we got from it because that taught us what we have to do once it happens again. I hope that the moment it happen again we can already deal properly.

  • CanyonsBull
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    August 28, 2018, 11:08:09 AM
     #35
    yes it is very good sign for bitcoin because if you compare with bitcoin in first stage with this present stage here huge difference. it is now more wealthy and big market for investor. it will consist of continue grow up. it is now more popular in the world.

  • BumblingBee
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    August 28, 2018, 11:52:04 AM
     #36
    you are right when bitcoin are start in crypto market it is smale and if you now see this it is more big market. it is also popular and well known by people. it is more potential and promising. it will do good in future. because it is made by advance blockchain technology.

  • Ava Duvall
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    August 28, 2018, 12:13:51 PM
     #37
    Quote from: Levin23 on August 16, 2018, 03:25:14 AM
    I understand the meaning of your writing, we should not panic with this down-market situation because there was once a worse decline than this and now more can be expected than before.
    i agree, we have been through much worse, so its important not to panic now, and wait it out

  • GhostKnight
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    August 28, 2018, 12:23:42 PM
     #38
    I understand your concept. So we should not concern when market is down. Only few people believe this because most of the people have not proper knowledge about this market. But I belive future people will learn deeply.

  • Ronaldcoin2017
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    August 28, 2018, 12:36:24 PM
     #39
    Quote from: AliMan on August 28, 2018, 10:41:07 AM
    Quote from: sagittarius1 on August 27, 2018, 11:13:04 AM
    It will be correct that those fall for bitcoin may be by any means authentic in light in the historical backdrop on bitcoin this sort of fall struck them for those initial period However it also provides for us a great lessing that crypto showcase is by any means flighty anything Might be happen here.

    Basically that experience gave us a lot of lessons which we really need. I don't treat that bad experience as a failure of bitcoin rather it's a blessing in disguise. Well what I'm saying is the help we got from it because that taught us what we have to do once it happens again. I hope that the moment it happen again we can already deal properly.
    Yes i agree on thaatvi believe that huge dip is really a blessing it is a big opportunity to buy more and gain in the next month or maybe a year. We only need to make sense of it and we must learn from our mistakes to become more profitable in the near future.

  • MarshMagpie
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    August 28, 2018, 12:58:46 PM
     #40
    i want to suggest you please don't panic when the price of bitcoin getting low. market will recover soon. keep your faith on bitcoin.
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