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8360080 No.8360080 [Reply] [Original]

Any oldfags want to detail why each of these crashes happened?

Background, etc etc

In rememberance of our shitcoin in limbo right now

>> No.8360113

>pls spoonfeed

>> No.8360146

>>8360080
Corrections
Government regluations and bans
Mt. Gox hack and takedown

>> No.8360191

Not every crash needs to have an external cause. Most of these crashes boil down to market cycles combined with human psychology.

>> No.8360423

>>8360146
Would you say the situation today is significantly different from the past?

Bitcoin truly has the attention of governemnts lately

>> No.8360858

>>8360080
Been in crypto since 2014.

This crash feels different... It feels like every person who wanted to invest already did it and now there's no new money coming in. Everyone has realized crypto is not an actual substitute for fiat as well.

>> No.8360920

>>8360858
yeah back in the days there were still many tech evangelist advocating that crypto will abolish the fiat monopoly of the state.

I remember pics of how people traveled hundreds of kilometers to a burger king where they could buy their burger with bitcoin. All adoption posts and bitcoin atms.

>> No.8360985

>>8360080
>leaving out the 2011 crashes

>> No.8361008

There are more people that didnt pull the trigger during this years run wishing they would have, that will FOMO harder than ever with more money than ever during this years BullRun. Not many people besides brokefags got in this year.