Is correction a normal thing for Bitcoin?

Home » BITCOIN » Is correction a normal thing for Bitcoin?
Is correction a normal thing for Bitcoin?

Bitcoin has always had its ups and downs. The crypto enthusiasts say that such process is absolutely normal for the cryptocurrency industry. However, when Bitcoin price drops people start talking about the crypto bubble and make estimations on when Bitcoin will burn. It does not make any sense in the modern world. There would not be successful rallies without regular corrections and drops in the price. It is a very complicated process. Let us remind you that Bitcoin already had a number of massive declines and unpleasant times.

Major Bitcoin Drops
???? 94% – June – November 2011 from $ 32 to $ 2

???? 36% – June 2012 from $ 7 to $ 4

???? 79% – April 2013 from $ 266 to $ 54

???? 87% – November 2013 – January 2015 from $ 1166 to $ 170

???? 40% – September 2017 from $ 5000 to $ 2972

???? 60% – January 2018 from $ 19,000 to $ 7,600

There are many arguments whether the countries of the world should legalise Bitcoin as a method of payment. For example, in South Korea the representative of the Yong-Jin Park from the ruling Democratic Party of South Korea announced that in the coming months, changes will be published in the regulatory framework for crypto-terminology, including Bitcoin. South Korea this year is one of the world’s largest buyers of digital currencies, and this the news is an extremely pleasant and timely surprise for the enthusiasts of the detachments. The first step is the revision of the Law on Electronic Financial Transactions

  • bitcoinBitcoin$4,053.43
  • ethereumEthereum$138.81
  • rippleXRP$0.316815
  • tetherTether$1.00
  • eosEOS$3.71
  • stellarStellar$0.110134
  • litecoinLitecoin$59.80
  • cardanoCardano$0.054270
  • tronTRON$0.022750
  • moneroMonero$53.87
  • iotaIOTA$0.297542
  • nemNEM$0.050262
  • dashDash$92.53
  • neoNEO$9.29
What is Bitcoin?
The cryptocurrency industry is becoming more and more popular all around the world. Despite the fact that there are more than 1000 different cryptocurrencies and the number keeps growing, cryptocurrency is often associated with Bitcoin. Bitcoin is the first modern cryptocurrency in the world; it attracts thousands of users and investors from different countries. Millions […]
2019-03-20 0 40
Bitcoin, Ethereum, Ripple, Monero, Dash, Tron: major differences and features
Investors see different names of cryptocurrencies and the movement of their courses, but typically don’t even know why the digital coins are so popular. Most of us have already Googled “How to buy Bitcoin” or “How to sell Ethereum”. Cryptocurencies are becoming more and more popular: Bitcoin price is fluctuating and its value is not […]
2019-03-19 0 40
What is Blockchain?
“Giving users easy access to many different kinds of digital assets on the blockchain and, particularly, tokens that are linked to assets in the real world, is crucial to seeing blockchain adoption reach the next level, and I applaud Digix Global’s initiative in being the first of many such projects to successfully launch” – Vitalik […]
2019-03-06 0 40
Anton Vokrug, the CEO of DataTrading, about the financial markets and cryptocurrencies
The topic of cryptocurrency regulation will be actual for several more years in Ukraine. The Government of Ukraine has already taken steps towards the adoption of relevant cryptocurrency-related laws. In particular, the Ukrainian officials work on the legalization of the project “The Concept of State Policy in the Field of Virtual Assets”. However, what does the regulation really mean […]
2019-02-27 0 142
© 2017–2018