Bitcoin price history shows this crash isn't the worst ...

The year is 2100

The year is 2100. Michael had crypto lessons and asks Grandpa if he were there at the beginning. Grandpa remembers well. He tells Michael that Bitcoin was fucked twice by the same shit. First time was back in 2012/2013, when Mt.Gox got hacked, bankrupt and BTC crashed quite good and sent everything into a bear market. The fault here was that 80% traded there, therefore giving the exchanges too much power. Second time they had moved onto more exchanges like Kucoin, Binance, Bitrex etc, people have learned that giving one exchange so much power was not good. However in 2018, the after effects of Mt.Gox showed again and crashed BTC again. However, it recoupled this time in only 5 months. From this, people learned they shouldn't keep much money on centralized exchanges, so around 50% of volume went to decentralized exchanges like IDEX, Forkdelta, and the numerous others that popped up in the following years.
After Mt.Gox fucked up BTC twice, there was not much left stopping BTC, which is why it reached it ATH in 2020 without major corrections until then, and then passing the #1 Spot to it's succesor. It lived well, but it never reached it's ATH again. Nowadays, in 2100 not many people own BTC, first because it has no utility anymore, and 2nd because it's still expensive, it became more like a collectible for the future, which is also why Bitconnect Coins rose to 100$ again.
submitted by valoon4 to CryptoCurrency [link] [comments]

#314 Bitcoin Flash Crash, Binance Hack & Mt Gox News, Coinbase Indexfonds & TrueUSD Bitcoin Crash  Binance Hack and SEC The Strange Binance Hack, Mt Gox Crashing BTC, And Twitter Spam MT. GOX TO CRASH BITCOIN AGAIN! - A HISTORY OF MT. GOX SCANDAL STORY Crypto Market Tumbles With Bad News - Binance Hack, Bittrex Country Ban, Mt Gox Sell Off & SEC Mt. Gox Bitcoin Delay, Ripple + Justin Bieber, Monero Futures & Bitcoin Price Bounce Bitcoin crash on mtgox exchange ( timelapse ) April 10 ...

However, the April 2013 crash would act as a precursor for one of the most devastating events in the history of Bitcoin. After the hack of Mt. Gox crypto exchange, BTC started a 411-day tumble that saw it crash 85 percent. The slump was from an all-time high of $1,151 to $177. This happened between November 30, 2013, to January 14, 2015. In February 2014 Mt Gox suspended trading and closed its website. On top of this, they filed for bankruptcy and began liquidation proceedings in April 2014. To date, the Mt. Gox crash is Bitcoins worst crash. From $1,163 to $152 in roughly 400 days, this was one of the longest downtrends Bitcoin has ever experienced. This is one crash where ... New report shows Mt. Gox leaked Bitcoin for years before collapse in 2014. Mt. Gox started leaking BTC in 2011 and was “practically depleted of Bitcoins by 2013”, says a new report released by WizSec, a Japanese group that has been investigating the exchange’s downfall. According to the Tokyo-based group, the company’s collapse – a string of problems that led to the disappearance of ... The largest catalyst for this crash was the hacking of Mt.Gox, by far the biggest Bitcoin exchange at the time. The exchange was compromised by a hacker who gained access to customer accounts and artificially pushed the price of Bitcoin on the exchange to $0.01. Even though the crash to 1 cent was artificial, the hack resulted in a substantial hit to confidence in Bitcoin and played a major ... November 2013 – Januar 2015: Im Schatten von Mt.Gox. Bitcoins erster großer Bärenmarkt dauerte etwas über ein Jahr an, genauer gesagt 411 Tage. Zwischen dem 30. November 2013 und dem 14. Januar 2015 sackte der Bitcoin Kurs erheblich ab. Von ansehnlichen 1.1163 USD führte der Absturz zu einem Kurs von 152 USD. Das bedeutete einen Wertverlust von 87 %. Grund für diese Talfahrt dürfte der ... Die Geschichte der Bitcoin-Börse Mt.Gox hat in der Krypto-Welt einen Erdrutsch ausgelöst. Innerhalb kürzester Zeit ist die Plattform zur weltweit größten Krypto-Börse aufgestiegen – dann kam der Crash. Die Bilanz: verprellte Kunden, verschwundene Bitcoin, Insolvenzverfahren und viele offene Fragen. Wir zeichnen die unrühmliche Geschichte der Börse nach und fragen nach dem aktuellen ... A report– titled, The Willy Report— that was published online on May 25, 2014 is raising heavy suspicions of fraud on the already highly publicized crash of the Mt. Gox Bitcoin exchange in late 2013. This report analyzes the data from the Mt. Gox records that were made public after its crash and at the start of its dramatic legal battle. In spite of the June 2011 hack, by 2013 Mt. Gox had established itself as the largest bitcoin exchange in the world, in part as a result of increased interest in bitcoin as the price of the coins increased rapidly (jumping from $13 dollars in January 2013 to a peak of more than $1,200).. However, behind the scenes all was not well.

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#314 Bitcoin Flash Crash, Binance Hack & Mt Gox News, Coinbase Indexfonds & TrueUSD

talking about an unusual form of hacking on binance today. as well as an additional recently unnoticed reasoning of the december - february crypto price dip. and the twitter spam problem. Sign up ... Bitcoin Investors: I would like President Obama to bail out Bitcoin investors. The crypto market went tumbling downwards today as a load of bad news came along- Binance hack rumor, Mt Gox Trustee Sells off all Bitcoin, SEC wants to regulate all crypto exchanges, and Bittrex ... Hope you enjoyed the video. If you liked and learnt from it please like this video and share it with your friend and family on Facebook, Twitter, Word of Mouth etc. DONATIONS ♥ BTC ... Bitcoin Crash Binance Hack and SEC On March 7 2018 Bitcoin crashed from almost $11,000 down to under $9,600. This crash happened in a matter of minutes, and many are wondering why the Bitcoin ... Willkommen zur Bitcoin-Informant Show Nr. 314. Heute geht's um folgende Themen: Bitcoin Flash Crash, Binance Hack & Mt.Gox News, Coinbase Indexfonds & Bittrex listet TrueUSD als Gegenstück zum ... My Second Channel: ----- Supp...