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Compared to some of the panics during the early days of bitcoin, the pioneering cryptocurrency's 60%+ slide since the beginning of the year hardly register at all.
In the nine-year history of the cryptocurrency, which introduced the "revolutionary" blockchain technology to the world, osses have been as minimal as 30% and as severe as 87% during these Bitcoin panics. And compared with some of its previous dips - like the Mt. Gox-induced selloff in February 2014 that effectively ended the firs speculative bubble in the cryptocurrency after it officially went mainstream.
Correction - Place - Dec17 - Feb - Days
The latest correction took place between Dec.17 and Feb. 6, or 48 days, in which 70% of Bitcoin value was lost. However, if you look at the period between April 10, 2013 and April 12, 2013, Bitcoin lost an astounding 83% of its value over a three-day period. Talk about a panic! The...
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