Bitcoin Suffers 8th 50%+ Crash in Its History – Guess What Happened Each Time After That?
An opportunity to understand that patience has always been and will remain, the key with Bitcoin.
The price of Bitcoin is around $35K at the time of writing. This means that the price of Bitcoin is down about 50% from its ATH of $69K reached on November 10, 2021. When a correction in the price of Bitcoin reaches 50%, we can start talking about a crash.
Newcomers to the world of Bitcoin who hear the word crash logically start to panic. These investors are not used to the way a free market works anymore. The manipulated stock market has accustomed them to having circuit-breakers as soon as the volatility becomes too great in the eyes of the regulators.
With Bitcoin, you don't have circuit breakers. Volatility is part of the game. Bitcoin market participants are free to find the equilibrium price all the time: 24 hours a day, 365 days a year. The freedom Bitcoin gives you is expressed at every level. Freedom to determine the value of Bitcoin.
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