Cryptocurrency Crashes And Corrections Comparison: 2014, 2016 And 2018 Bear Markets


At the moment,  the cryptocurrency market in its entirety, is in the middle of one of a trio of corrections that is causing a significant amount of panic for advocates and investors alike,  but is also deeply unsettling for the long-time cryptocurrency die-hards.

So, with this correction underway, the question arises: is this one of, or the worst cryptocurrency crash we've experienced so far?

The Crypto Crash

The cryptocurrency crash that we are constantly being reminded of started all the way back on the first week of January 2018 and has been causing the crypto market to fall into decline ever since. As of today, the total crypto market hit a year long low, sliding below $200 billion for the first time in a while. With the last time being when the market slumped during early November 2017.

Since then, there have been a number of bearish corrections that have hit the crypto market since February, and has effectively carried over to April and May, while the majority of the market's movement this year being predominantly downward. In total, the cryptocurrency has been in a continual state of decline, losing over $600 billion in market value.

Corrections – Resistance

One cryptocurrency investor and analyst had a number of things to talk about when it comes to the downtrodden crypto market, and its comparison with previous bearish trends that the market has endured in the past.

https://twitter.com/iamjosephyoung/status/1037734895357812738?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1037734895357812738%7Ctwgr%5E373939313b636f6e74726f6c&ref_url=https%3A%2F%2Fcryptocurrencynews.com%2Fcrypto-crash-market-correction%2F

While @iamjosephyoung gave his direct diagnosis of the cryptocurrency market, another user, going by the name of Gregor Zupanc, responded with an accompanying graph from the previous years.

Zupanc, through the graph, illustrated the point that Joseph was making, and added additional data in order to back Joseph's stance.

In the past corrections highlighted in 2014 and 2016, these were far in a way, more brutal than the 2018 cryptocurrency correction we are currently witnessing.

On average, the two year corrections were suffered, with no real positive development for investors to track and serve as a counterbalance to the bearish trend.

In 2018:

1. crypto jobs up 50% in Asia
2. Bakkt
3. Better crypto custody for institutions
According to Joseph.

https://twitter.com/bestbestman/status/1037735611480731648?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1037735611480731648%7Ctwgr%5E373939313b636f6e74726f6c&ref_url=https%3A%2F%2Fcryptocurrencynews.com%2Fcrypto-crash-market-correction%2F

The difference when it comes to this correction is that there is far more money being sunk due to this series of corrections, and the figures from the graph show the actual percentages of losses. Overall, this downward movement could continue, and has the potential to be the worst correction in cryptocurrency history. And unfortunately, with 2014 & 2016, we have the power of retrospect to see how bad it can get, 2018, on the other hand? We just have to wait and see.

What's To Blame For This Ongoing Crypto Crash?

The cryptocurrency world hit the mainstream media back in mid-2017, and many individuals who were otherwise unskilled and uneducated in the field threw themselves into the market wholesale. And most of those that entered the market in late-2017 had little to no investing experience and hadn't seen a market correction before.

When the cryptocurrency market started to undergo its corrections in January, these same uneducated investors began to panic sell, subsequently spreading to the entire population like wildfire, causing the market to plummet by over $500 million in a single month.

Bitcoin whales also enacted their contingency plans to sell off their cryptocurrency, as they successfully got into the investment game relatively early, making an insane amount of money in the process.

At the same time, governments were trying to obtain a higher level of control over the cryptocurrency market within their own countries, by trying to instigate some level of regulation on the market, with some doing so successfully, shattering the confidence of new investors.

So another question is this: When will this proverbial bloodbath of cryptocurrencies this year end? We sincerely hope that this will be sooner rather than later.

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