Here are some important events plus notable crashes in Bitcoin history.

This year has been a wonderful year of Bitcoin and cryptocurrency. Many skeptics consistently warned of Bitcoin bubble whenever the price of Bitcoin reaching new highs. The call became so dangerously true in some perspective. Bitcoin bull-bear cycle is too customary since the early days But we could look back at past boom and bust events and view them as reference. So here are the biggest Bitcoin crashes since the early days of Bitcoin from 2009.till September 2017.

 

 

*price shown below vary depends on the exchange’s data. 2008-2013 prices are based on MtGox data. 2014-2017 prices are based on Bitstamp data.

 

2008 – April 2011, Bitcoin Price: $0 → $1.10

November 2008: The Bitcoin white paper, “Bitcoin: A Peer-to-Peer Electronic Cash System,” is published by Satoshi Nakamoto. bitcoin.org.pdf.
November 9, The Bitcoin project is registered on SourceForge.net, a collaborative community for the development and distribution of open source software.
In January 2009, the Bitcoin network came into existence with the release of the first open source Bitcoin client and the issuance of the first Bitcoins, with Satoshi Nakamoto mining the first block of Bitcoins ever (known as the Genesis Block), which had a reward of 50 Bitcoins.
January 9, 2009: Bitcoin v0.1 is released.
January 12, 2009: The very first Bitcoin transaction takes place when Satoshi Nakamoto sends 10 BTC to Hal Finney.
October 5, 2009: New Liberty Standard forms the first USD/BTC exchange rate at $1 = 1,309.03 BTC.
The number of Google Scholar articles published mentioning Bitcoin in 2009: 83
February 2010: The world’s first Bitcoin market is established by the now defunct dwdollar.
May 22, 2010: The price of two pizzas is negotiated at Bitcoin Talk Forum for 10,000 BTC, marking the first Bitcoin transaction.
July 12, Over a five-day period begining on July 12, the exchange value of Bitcoin spikes tenfold from $0.008 to $0.08.
July 17, TheMtGox Bitcoin currency exchange market is established by Jed McCaleb.
6 August 2010, a major vulnerability in the bitcoin protocol was spotted. Transactions weren’t properly verified before they were included in the transaction log or blockchain, which let users bypass Bitcoin’s economic restrictions and create an indefinite number of Bitcoins.
August 2010: The value of the Bitcoin drops through the floor made it almost worthless.
August 15, 2010: A hacker exploits a vulnerability in the Bitcoin-core software and creates 184 billion bitcoins, leading to the first blockchain fork.
October 2010: Bitcoin goes under the spotlight. After the hack in August – and a subsequent discovery of other vulnerabilities in the blockchain in September – an inter-governmental group publishes a report on money laundering using new payment methods. Bitcoin, it suggested could help people finance terrorist groups.
Nakamoto’s active involvement with Bitcoin does not appear to extend past mid-2010.
November 6, 2010: Bitcoin economy surpasses $1 million; the value of a bitcoin reaches $0.50 on the Mt. Gox exchange.
December 8, first mobile Bitcoin transaction occurs using Bitcond.
The number of Google Scholar articles published mentioning Bitcoin in 2010: 136

The Early Days: November 2010 Crash

The very first I actually put down here was on November 07 2010, when the BTC priced plummeted 72% to the peak of $0.50 to $ the lowest $0.14 in four days.

The bull rises percentage: approximately +733% (from $0.06 to $0.50)
Days for the bear found the bottom: 3 days
Days it took to recover back to the previous peak: 85 days
Percentage correction: -72% (%0.50 to $0.14)

The Early Days: November 2010 Crash*Right click to see the full-sized graph.

From 2010 until February of 2014, Mt.Gox’s price was commonly referred to as the price of Bitcoin with only a few exceptions.
2011: Based on Bitcoin’s open source code, other cryptocurrencies started to emerge. The first alternative digital currency or “altcoin”, Litecoin, launched.
January 27, The largest Bitcoin trade to dat occurs when three Zmdollars (Zimbabwe notes that are worth one-hundred trillion dollars each) are traded for 12 BTC.
January 2011: The Electronic Frontier Foundation, a non-profit group, started accepting Bitcoins. At the same time, The Silk Road, an illicit drugs marketplace is established, using Bitcoin as an untraceable way to buy and sell drugs online.
February 9, 2011: Bitcoin reaches parity with the US dollar for the first time at MtGox. The first big milestone for Bitcoin.
February 14, An Australian member of Bitcoin Forum attempts to sell his 1984 Celica Supre for 3000 BTC, and become the first person to offer a vehicle in exchange for Bitcoin.
March 6, Jed McCaleb sells MtGox to Japan’s TIbanne Company. A sharp rise and the drop in the network computation speed led to speculation that a bonet in the network.
In April 2011, Nakamoto communicated with a Bitcoin contributor, saying that he had “moved on to other things”.
April 16: Time publishes an article about Bitcoin. That drives Bitcoin price to new high price at $8.90 in one month.

 

 

The Early Days: Mild Feb-April  2011 Dump

The bull rises percentage: +685% (from $0.14 to $1.10)
Days for the bear found the floor: 52 days
Percentage correction: -48% (from $1.10 to $0.56)
Days it took to recover back to the previous peak: 11 days
The Early Days: Mild Feb-April  2011 Dump
*Right click to see the full-sized graph.

April 2011 – October 2012, Bitcoin Price: $1.10 → $31.91

April 16, 2011: Time publishes an article about Bitcoin. That drives Bitcoin price to new high price at $8.90 in one month.
April 23, Bitcoin is now par value with Euro and Pound Sterling.
May 2011: The largest merchant services provider in Bitcoin history began in the spring of 2011, offering new services like the first smartphone wallet. BitPay signed many of Bitcoin’s largest partnerships, including WordPress, Newegg, and the St. Petersburg College Football Bowl, thus creating “The Bitcoin Bowl”. Of the over 100k merchants who use bitcoin, over 60,000 work with BitPay, worldwide.
June 8: Each Bitcoin is worth $31.91, giving the currency a market cap of $206 million.
June 12, The MtGox exchange rate drops to nearly $10, exact four days after reached at $31.91. This is better know as the Great Bubble of 2011.
June14, Wikipedia starts acceting anonymous Bitcoin donations.
On 19 June, a security breach of the Mt. Gox Bitcoin exchange caused the nominal price of a Bitcoin to fraudulently drop to one cent on the exchange after a hacker used credentials from a Mt. Gox auditor’s compromised computer illegally to transfer a large number of Bitcoins to himself. Bitcoin price fell $3 within minutes to less than $16 after the Mt Gox hacking.
In July 2011, the operator of Bitomat, the third-largest Bitcoin exchange, announced that he had lost access to his wallet.dat file with about 17,000 Bitcoins.
In August 2011, MyBitcoin declared that it was hacked, which caused it to be shut down.
In September 2011, Vitalik Buterin co-founded Bitcoin Magazine.
In November 2011, Wired mag published an article entitled “The Rise and Fall of Bitcoin“.
As 2011 ended, the price of 1 Bitcoin was $4.60 and 2185 people viewed the Wikipedia page.
The number of Google Scholar articles published mentioning Bitcoin in 2011: 218
In January 2012, Bitcoin was featured as the main subject within a fictionalized trial on the CBS legal drama The Good Wife in the third-season episode “Bitcoin for Dummies.” The host of CNBC’s Mad Money, Jim Cramer, played himself in a courtroom scene where he testifies that he doesn’t consider Bitcoin a true currency, saying “There’s no central bank to regulate it; it’s digital and functions completely peer to peer.”
In 2012, the Cryptocurrency Legal Advocacy Group (CLAG) stressed the importance for taxpayers to determine whether taxes are due on a Bitcoin-related transaction based on whether one has experienced a “realization event.”
February 11, Paxum stop accepting Bitcoin.
March 1, 2012: A security breach in web host Linode results in the theft of 50 thousand Bitcoins.
May 9, an April 2012 FBI report is leaked and brough attetion to concerns that Bitcoin payment method could be used for illegal transactions for weapons and narcotics.
June, Coinbase, a bitcoin wallet and platform is started it’s operation in San Francesco, Carlifornia.
In late August 2012, an operation titled Bitcoin Savings and Trust was shut down by the owner, leaving around US$5.6 million in Bitcoin-based debts; this led to allegations that the operation was a Ponzi scheme. During the same period, a Texas man using the alias Pirate at 40 arrested for fraud with Bitcoin scheme.
In September 2012, the Bitcoin Foundation was launched to “accelerate the global growth of bitcoin through standardization, protection, and promotion of the open source protocol.”
In September 2012, Bitfloor, a Bitcoin exchange, reported being hacked, with 24,000 Bitcoins stolen.
Bitcoinica was hacked twice in 2012, which led to allegations that the venue neglected the safety of customers’ money and cheated them out of withdrawal requests.

Summer 2011 The Bubble burst

The bull rises percentage: +2699% (from $1.14 to $31.91)
Days for the bear found the bottom: 161 days
Days it took to recover back to the previous peak: 630 days
Percentage correction: -94% (from $31.91 to $1.99)

Summer 2011 Jumbo Bubble burst

*Right click to see the full-sized graph.

October 2012 – November 2013, Bitcoin Price: $12 → $266

In October 2012, BitPay reported having over 1,000 merchants accepting Bitcoin under its payment processing service.
In its October 2012 study, Virtual Currency Schemes, the European Central Bank concluded that the growth of virtual currencies will continue, and, given the currencies’ inherent price instability, lack of close regulation, and risk of illegal uses by anonymous users, the Bank warned that periodic examination of developments would be necessary to reassess risks.
In November 2012, WordPress had started accepting Bitcoins.
November 28, 2012: The first “Halving Day” occurs, causing the block reward given to miners to decrease by 50%.
As 2012 ended, the price of 1 Bitcoin was $13.44 and 2809 people viewed the Wikipedia page.
The number of Google Scholar articles published mentioning Bitcoin in 2012: 424
In February 2013, the Bitcoin-based payment processor Coinbase reported selling US$1 million worth of Bitcoins in a single month at over $22 per bitcoin.
March 12, 2013: A previously undiscovered protocol rule results in a hard fork of the 0.8.0 reference client… A Bitcoin miner running version 0.8.0 of the Bitcoin software created a large block that was considered invalid in version 0.7 (due to an undiscovered inconsistency between the two versions). This created a split or “fork” in the blockchain since computers with the recent version of the software accepted the invalid block and continued to build on the diverging chain, whereas older versions of the software rejected it and continued extending the blockchain without the offending block. This split resulted in two separate transaction logs being formed without clear consensus, which allowed for the same funds to be spent differently on each chain.
Until 2013, almost all market with Bitcoins were in USD $.
March, 2013: As Cyprus faces dire conditions for a bailout package, Bitcoin’s price soars.
March 18th, 2013: The US Financial Crimes Enforcement Network (FINCEN) issues some of the world’s first Bitcoin regulation in the form of a guidance report for persons administering, exchanging, or using virtual currency. This marked the beginning of an ongoing debate on how best to regulate bitcoin.
In 2013, the U.S. Treasury extended its anti-money laundering regulations to processors of Bitcoin transactions.
March 28, 2013: Bitcoin market capitilization hits $1 billion.
April, the price of Bitcoin passes $100.
April, 2013: BitInstant facilitated 30,000 Bitcoin transactions.
On 3 April 2013, Instawallet was hacked, resulting in the theft of over 35,000 bitcoins.
A Wired study published April 2013 showed that 45% of Bitcoin exchanges end up closing.
April 2013: DDos attacks on the rise. Over the proceeding months, Bitcoin price steadily rose as interest in the currency increased. However, on April 10, 2013, the currency crashed $60 to just $122 in what was reported to be an apparent distributed denial of service attack.
April 10th, 2013 MtGox – the most popular exchange at the time – saw an all time high trading volume of approximately $30 million. Since the exchange never experienced such high trading activity it’s servers couldn’t keep up causing a major lag in trading. It took over 70 minutes between a user making an order on the exchange and the order actually going through which undeniably attributed to the horrific crash that followed.
May 2, the first Bitcoin ATM in the world debuts in San Diego, California.
May 7, Coinbase receives US$5 million investment led by Union Square Ventures, it is the largest funding of a Bitcoin startup to-date.
On 17 May 2013, it was reported that BitInstant processed approximately 30% of the money going into and out of Bitcoin.
May 14, 2013: Feds seize bitcoin from Mt. Gox for illegally operating as a money transmitter.
In June 2013, Bitcoin Foundation board member Jon Matonis wrote in Forbes that he received a warning letter from the California Department of Financial Institutions accusing the foundation of unlicensed money transmission. Matonis denied that the foundation is engaged in money transmission and said he viewed the case as “an opportunity to educate state regulators.”
June 2013: A major breach of security sees the value of Bitcoin go from $17.51 to $0.01 per Bitcoin.
On 23 June 2013, it was reported that the US Drug Enforcement Administration listed 11.02 Bitcoins as a seized asset. It is the first time a government agency has claimed to have seized Bitcoin.
June 2013: The first major Bitcoin theft takes place. Bitcoin Forum founder reports having 25,000 BTC taken from his digital wallet, which had an equivalent value of $375,000 at the time.
July 2013: The Foreign Exchange Administration and Policy Department in Thailand stated that Bitcoin lacks any legal framework and would therefore be illegal.
In July 2013, the industry group Committee for the Establishment of the Digital Asset Transfer Authority began to form to set best practices and standards, to work with regulators and policymakers to adapt existing currency requirements to digital currency technology and business models and develop risk management standards.
In July 2013, a project began in Kenya linking Bitcoin with M-Pesa, a popular mobile payments system, in an experiment designed to spur innovative payments in Africa.
In August 2013, the German Finance Ministry characterized Bitcoin as a unit of account, usable in multilateral clearing circles and subject to capital gains tax if held less than one year.
On 11 August 2013, the Bitcoin Foundation announced that a bug in a pseudorandom number generator within the Android operating system had been exploited to steal from wallets generated by Android apps.
August 2013: Bloomberg begins testing Bitcoin data on its terminal.
August 2013: Federal Judge Mazzant claims: “It is clear that Bitcoin can be used as money” and “It can be used to purchase goods or services” in a case against Trendon Shavers, the so-called ‘Bernie Madoff of bitcoin’.
In October 2013, Inputs.io, an Australian-based Bitcoin wallet provider, was hacked with a loss of 4100 Bitcoins, worth over A$1 million at time of theft.
October 2, 2013: The Silk Road website is shut down. FBI seizes 3.6 dollars millions worth of bitcoins. The BTC price drops from $139 to $109 within hours.
On 26 October 2013, a Hong-Kong based Bitcoin trading platform owned by Global Bond Limited (GBL) vanished with 30 million yuan (US$5 million) from 500 investors.
In 2013, Chinese internet giant Baidu had allowed clients of website security services to pay with Bitcoins.

The April Mt Gox Server Crash

The bull rises percentage: +2116% (from $12 to $226)
Days for the bear found the bottom: 5 days
Days it took to recover back to the previous peak: 203 days
Percentage correction: -81% (from $266 to $50.01)


*Right click to see the full-sized graph.

 

November 2013 – February 2014, Bitcoin Price: $205 → $1242

During November 2013, the China-based Bitcoin exchange BTC China overtook the Japan-based Mt. Gox and the Europe-based Bitstamp to become the largest Bitcoin trading exchange by trade volume.
Two companies, Robocoin and Bitcoiniacs launched the world’s first Bitcoin ATM on 29 October 2013 in Vancouver, BC, Canada.
In November 2013, the University of Nicosia announced that it would be accepting Bitcoin as payment for tuition fees, with the university’s chief financial officer calling it the “gold of tomorrow.
Mt. Gox. Market capitalization value goes from US$1.5 Billion to US$13.5 Billion from October 1 to November 30, 2013, according to coinmarketcap.com”
November 18, 2013: Bitcoin price climbs to $700 as the US Senate holds its first hearings on the digital currency. The Federal Reserve chairman at the time, Ben Bernanke, gives his blessing to bitcoin. In his letter to the Senate homeland security and government affairs committee, Bernanke states that Bitcoin “may hold long-term promise, particularly if the innovations promote a faster, more secure and more efficient payment system.”
November 19, Bitcoin daily transactions volume supasses Western Union.
November 21, the University of Nicosia in Cyrus becomes first university to accept Bitcoin for tuition fee.
November 22, Virginia Galatic begins accepting Bitcoin for space travel.
November 27, 2013: The Bitcoin price tops $1000, bringing total market capitalization to over $10 Billion. Shopify integrates bitcoin payment for its 70,000 merchants.
November 29, the first ever annual Black Friday events which feature deals that involving bitcoin as the main payment.
December 2, a thief move stolen funds worth of 96,000 BTC from Sheep Marketplace, an online drug site.
December 4, 2013: China’s central bank announces that financial institutions are prohibited from exchanging Bitcoin, causing the price to dip below $1000.
December 18, 2013: BTC China says it can no longer accept deposits, causing the price to plunge 38% in a day.
2013 saw hundreds of these new altcoins launch. Many turned out to be scams, but many are also still traded today.
2013: Mt. Gox, the Japan-based Bitcoin exchange, handled 70% of all worldwide bitcoin traffic.
2013 was one of the most tumultuous years for Bitcoin.
As 2013 ended, the price of 1 Bitcoin was $764 and 26354 people viewed the Wikipedia page.
The number of Google Scholar articles published mentioning Bitcoin in 2013: 1,390
January 2014: Bitcoin custodians Elliptic launch the world’s first insured Bitcoin storage service for institutional clients.
January 9, 2014: Overstock.com becomes the first major online retailer to embrace Bitcoin.
January 2014: TigerDirect started accepting bitcoin.
January 2014: The Bitcoin network rate exceeded 10 petahash/sec.
January 2014: The D Las Vegas Casino Hotel and Golden Gate Hotel & Casino properties in downtown Las Vegas announced they would begin accepting Bitcoin.
In January 2014, Zynga announced it was testing Bitcoin for purchasing in-game assets in seven of its games.
January 26, 2014: Charlie Shrem, CEO of Bitinstant, is arrested for money laundering in connection with Silk Road.
February 2014: HMRC classifies Bitcoin as assets or private money, meaning that no VAT will be charged on the mining or exchange of Bitcoin. This is important as it is the world’s first and most progressive treatment of Bitcoin, positioning the UK government as the most forward thinking and comprehensive with regard to Bitcoin taxation.
February 7, MtGOX suspended withdrawals citing technical issues.

February 10,, flash crash occurs on the BTC-e exchange
February 28,: Mt. Gox files for bankruptcy protection after losing $450 million (774,000 bitcoins) worth of Bitcoin. The CEO was eventually arrested and charged with embezzlement.

Mt. Gox Closure Caused Market Sell-Offs

The Mt Gox collapse caused a huge catastrophic effect on Bitcoin prices. The Bitcoin went on more than one-year of bear trend before reached the lowest price before any real substantial bullish uptrend. The price didn’t recover to the level last seen on November-December 2014 before March of 2017.
The bull rises percentage: 505% (from $205 to $1242)
Days for the bear found the bottom: 410 days
Days it took to recover back to the previous peak: 1188 days
Percentage correction: -92% (from $1242 to $91.50)
Mt. Gox Closure Caused Market Sell-Offs
*Right click to see the full-sized graph.

 


*Right click to see the full-sized graph.

 

 

From March 2014 – December 2014: The Slump, Bitcoin Price: $1242 → $321

On 3 March 2014, Flexcoin announced it was closing its doors because of a hack attack that took place the day before.
March 6, 2014: Newsweek publishes an article claiming to have identified Bitcoin’s creator.
In March of 2014, David Cohen — the undersecretary for terrorism and financial intelligence at the United States Department of the Treasury — stated that virtual currencies are not leading to widespread criminal use.
In 2014, the U.S. Securities and Exchange Commission filed an administrative action against Erik T. Voorhees, for violating Securities Act Section 5 for publicly offering unregistered interests in two Bitcoin websites in exchange for Bitcoins.
The IRS classified Bitcoin as property in most contexts in March of 2014.
May 8, 2014: The FEC rules that Bitcoin contributions to political committees are legal, provided the amount is less than $100.
Bitcoin prices fell to around $400 in April 2014.
On May 15, 2014, the signature of the Stoned virus was inserted into the bitcoin blockchain.
On 18 June 2014, it was announced that Bitcoin payment service provider BitPay would become the new sponsor of the St. Petersburg Bowl game under a two-year deal, renamed the Bitcoin St. Petersburg Bowl.
July 2014: Dell started accepting Bitcoin.
In July 2014, Newegg started accepting Bitcoin.
July 17, 2014: The New York State Department of Financial Services issues a BitLicense proposal.
June 27, 2014: The US Marshals auction Bitcoin seized during the Silk Road raid.
2014: The European Banking Authority publishes its opinion on ‘virtual currencies’. Their analytical report recommends that EU legislators consider declaring virtual currency exchanges as ‘obliged entities’ must comply with anti-money laundering (AML) and counter-terrorist financing requirements.
August, 2014: The Chancellor of the Exchequer, George Osborne, demonstrates his and HM Treasury’s positive outlook on Bitcoin when he purchases £20 worth of Bitcoin and announces HM Treasury’s Call for Information on digital currencies, offering digital currency businesses the chance to comment on the risks and benefits and potentially influence future government policy.
In September 2014, TeraExchange, LLC, received approval from the U.S.Commodity Futures Trading Commission “CFTC” to begin listing an over-the-counter swap product based on the price of a Bitcoin. The CFTC swap product approval marks the first time a U.S. regulatory agency approved a Bitcoin financial product.
The Consumer Financial Protection Bureau issued guidance against the risks of Bitcoin in August of 2014.
September 23, 2014: PayPal allows its merchants to accept Bitcoin payments.
October 2014: TeraExchange announces that the first Bitcoin derivative transaction was executed on a regulated exchange, adding a new hedging instrument to Bitcoin and instilling credibility and institutional confidence in the entire Bitcoin community.
December 11, 2014: Microsoft began to accept Bitcoin for Xbox games and Windows apps.
As 2014 ended, the price of 1 Bitcoin was $314 and 6162 people viewed the Wikipedia page.

The Year Long Slide

The bull rises percentage: +36% (from $732 to $995)
Days for the bear found the bottom: 373 days
Days it took to recover back to the previous peak: 1091 days
Percentage correction: -66% (from 995 to 275)

The Year Long Slide

*Right click to see the full-sized graph.

 

 

2015 – Base Building And Trend Reversal, Bitcoin Price: $321 → $430

In January 2015, Coinbase raised 75 million USD as part of a Series C funding round, smashing the previous record for a Bitcoin company.
January 2015: The New York Stock Exchange is a minority investor in Coinbase’s $75M funding round. The NYSE aims to tap into the new asset class by bringing transparency, security, and confidence to Bitcoin.
In 2015, Barclays announced that they would become the first UK high street bank to start accepting Bitcoin.
January 4, 2015: Bitstamp goes offline after $5 million worth of Bitcoin are stolen. The exchange is operational five days later.
Chinese cryptocurrency exchange Bter lost $2.1 million in BTC in February 2015.
Bitcoin prices declined to not much more than $200 in early 2015.
March 2015: The results of the UK Treasury’s call for information on digital currency are announced.
In March 2015, 21 LLC announced it had raised 116 million USD in venture funding, the largest amount for any digital currency-related companies.
April 2015: Bitcoin gained greater recognition when services such as OkCupid and Foodler began accepting it for payment.
In April 2015, payment processors BitInstant and Mt. Gox experienced processing delays due to insufficient capacity, resulting in the Bitcoin exchange rate dropping from $266 to $76 before returning to $160 within six hours.
October 8, Gemini, the digital currency exchange started by the Winklevoss twins, begins trading.
As of August 2015, it was estimated that 160,000 merchants accept Bitcoin payments.
Scalability question: The currency continues to rise and fall over the next year and on August 19, 2015, Bitcoin price declines by $45 to $214 after the release of new client software XT Fork, in a bid to resolve the scalability question.
December 2015, Investigations by Wired and Gizmodo identify 45-year old Australian Craig Wright as the real Satoshi Nakamoto. But the pieces of evidence presented are far away from conclusive.
As 2015 ended, the price of 1 Bitcoin was $426 and 4730 people viewed the Wikipedia page.
The number of Google Scholar articles published mentioning Bitcoin in 2015: 3,670

2015 Corrections

January Sharp Drop

The bull rises percentage: +103%
Days for the bear found the bottom: 12 days
Days it took to recover back to the previous peak: 288 days
Percentage correction: -52%

November Slide

The bull rises percentage: +151%
Days for the bear found the bottom: 6 days
Days it took to recover back to the previous peak: 205 days
Percentage correction: -42%

2015 - Base Building And Trend Reversal
*Right click to see the full-sized graph.

The year saw few mini-rallies throughout 2015. The boom and bust occurred in usual sequence but all slumps recovered in record time. The big spike in January and November with the excess jump of 103% and 151% The biggest jumps also followed by larger corrections happened right after record levels. The downtrend bottomed out at $352 on January 16 2016.

 

2016 – The Rise Of Bitcoin, Bitcoin Price: $430 → $966

In January 2016, the Bitcoin network rate exceeded 1 exahash/sec.
The US-based exchange Cryptsy declared bankruptcy in January 2016, ostensibly because of a 2014 hacking incident; the court-appointed receiver later alleged that Cryptsy’s CEO had stolen $3.3 million. After Mike Hearn terms Bitcoin a ‘failure’ on Jan. 14, 2016, the Bitcoin price records a $40 decline.
In 2016, Bidorbuy, the largest South African online marketplace, launched Bitcoin payments for both buyers and sellers.
In March 2016, the Cabinet of Japan recognized virtual currencies like Bitcoin as having a function similar to real money.
In April 2016, Steam started accepting Bitcoin as payment for video games and other online media.
In May 2016, Gatecoin closed temporarily after a breach had caused a loss of about $2 million in cryptocurrency.
In June 2016, the London Review of Books published a piece by Andrew O’Hagan about Nakamoto.
July 2016: Uber switched to Bitcoin in Argentina after the government blocked credit card companies from dealing with Uber.
In July 2016, researchers published a paper showing that by November 2013, Bitcoin commerce was no longer driven by “sin” activities but instead by legitimate enterprises.
In August 2016, a major Bitcoin exchange, Bitfinex, was hacked and nearly 120,000 BTC was stolen.
In September 2016, the number of Bitcoin ATMs reached 771 worldwide.
In November 2016, the Swiss Railway operator SBB (CFF) upgraded all their automated ticket machines so that Bitcoin could be bought from them using the scanner on the ticket machine to scan the Bitcoin address on a phone app.

November 17, The Internal Revenue Service sends a request to Coinbase asking for the records of all customers.

Dec 2016: Bitcoin is the world’s top performing currency for 2nd straight year, Check out The Money project report in 2015 and 2016.

Summer 2016 Crash

The bull rises percentage: +118%
Days for the bear found the bottom: 45 days
Days it took to recover back to the previous peak: 166 days
Percentage correction: -40%


*Right click to see the full-sized graph.

In 2016, Bitcoin prices rose more than double and becoming the best-performing investment asset for the year after reached the bottomed at $352. It only suffers a big crash lasted for 90 days. This followed by a major rally that drove the price to close the year on the high. The closing price for 2016 at $966, represents a sharp +126% growth.

 

2017 – The Gazillion Bull Run, Bitcoin Price: $966 → $4980

In the first half of 2017, 1 Bitcoin surpassed the spot price of an ounce of gold for the first time and subsequently broke its all-time high.
January 5, Bitcoin plunges 31% to $889 as Chinese officials announced restriction of Bitcoin transactions.
January 10, Bitcoin falls 10% as China plans to investigate exchanges.
In January 2017, NHK reported the number of online stores accepting bitcoin in Japan had increased 4.6 times over the past year.
BitPay CEO Stephen Pair declared the company’s transaction rate grew 3× from January 2016 to February 2017 and explained the usage of Bitcoin is growing in B2B supply chain payments.
February 9, Chinese bitcoin exchanges have disabled withdrawals of the cryptocurrency after meeting with the People’s Bank of China, indicating the central bank has stepped up its efforts to regulate the market.
In March 2017, the number of GitHub projects related to Bitcoin passed 10,000.
1 Bitcoin reached US $1,402.03 on May 1st, 2017.
March 10, The United States Securities and Exchange Commission rejects the Winklevoss twins’ application for an exchange-traded fund tied to the price of Bitcoin.
1 BTC reached over US $1,800 on May 11th, 2017.
Between January and May 2017, Poloniex saw an increase of more than 600% active Bitcoin traders online.
For the 6-month period ending March 2017, Mexican exchange Bitso saw trading volume increase 1500%.

April 1, A Japanese law that brings bitcoin exchanges under anti-money laundering and know your customer rules as well as recognizing bitcoin as a form of prepaid payment instrument comes into effect.
May,  Japan taking leads on legitimizing Bitcoin amid blossoming merchant adoption.
Bitcoin is #5 in the Top Google Searches in the US & Barry Silbert’s Bitcoin scaling agreement is publicly posted & Blockstream launches its ‘Liquid’ Sidechain in Beta at Consensus 2017
On May 20th, 2017, the price of one Bitcoin passed US$2,000 for the first time.
In the second quarter of 2017, Bitcoin prices skyrocketed from $1200 to over $2000.
June, Chinese exchanges ends withdrawal freeze and resumed trading.
July, Sheba Jafari, analyst of Goldman Sachs, has predicted that the price of Bitcoin may reach a new high over $3,600 soon.
Bitcoin will be recognized as a proper currency in Australia.
July 20th 2017, Bitcoin Improvement Proposal 91, to trigger Segregated Witness (SegWit) activation, is locked in.
July 26, BTC-e closed down for ‘technical maintenance’ before seized by FBI a week later following the arrest of a Russian citizen alleged involving thief and money laundering charges.
August 1, hard fork of bitcoin known as Bitcoin Cash.
On 12 August 2017, the price of one BTC passed US$4,000 for the first time.
August 20, Sheba Jafari predicted BTC would barely touch $5,000 but would correct about 38% after that which turn out not too far off.
September 2, Bitcoin price almost touch the magical $5,000 mark before retreating.
September 2, Chinese issue stop order on all Initial Coin Offering in mainland China. Previous completed ICO has to issue the refund to all investors. Additionally, all Chinese citizen is prohibited from participating in any ICO activities.
September 13, rumors started to emerge that cryptocurrency exchanges also maybe get the chop next. Jamie Dimon, JP Morgan Chase openly lambasted Bitcoin as fraud and possibly worse than a bubble. But he ackonwledge the potential of blockchain technology.
September15, BTC China, Yunbi and ViaBTC issued statement any crypto trading operation to cease by the end of the month.
The Bitcoin price drops about 40% since the Chinese crackdown on ICO and crypto trading.

 

2017 – The Mega Bull Rush

March Dip On Chinese Scrutiny

The bull rises percentage: +75%
Days for the bear found the bottom: 14 days
Days it took to recover back to the previous peak:35 days
Percentage correction: -34%

June Correction

The bull rises percentage: +231%
Days for the bear found the bottom: 34 day
Days it took to recover back to the previous peak: 19 days
Percentage correction: -39%

September Dive on Chinese FUDS

The bull rises percentage: +172%
Days for the bear found the bottom: ?
Days it took to recover back to the previous peak: ?
Percentage correction: -41% so far

*Right click to see the full-sized graph.

The current August-September bull run was stopped by Chinese government hard-line measures on ICO and crypto trading exchanges.

 

 

 

 

references,
http://historyofbitcoin.org/
https://timelines.issarice.com/wiki/Timeline_of_Bitcoin
https://en.bitcoin.it/wiki/Controlled_supply
https://blockchain.info/charts/total-bitcoins?timespan=all
http://historyofbitcoin.org/
https://en.wikipedia.org/wiki/History_of_bitcoin
https://99bitcoins.com/price-chart-history/
https://thenextweb.com/insider/2015/03/29/a-brief-history-of-bitcoin-and-where-its-going-next/#.tnw_aR98jhzr
http://blog.zorinaq.com/major-attack-on-the-worlds-largest-bitcoin-exchange/
https://cointelegraph.com/news/top-13-major-bitcoin-price-crashes-endurance-of-an-idea
futurism.com/images/the-entire-history-of-bitcoin-in-a-single-infographic/
https://btcyon.blogspot.my/2017/05/history-of-bitcoin.html
https://en.wikipedia.org/wiki/History_of_bitcoin
https://knoema.com/nmyfsf/bitcoin-price-index-2009-to-2017



Please do your own due diligence before making any investment decision. This article should not serve as investment advice. This post is mainly as reference and tutorial for trading on possible cryptocurrency breakout.