A brief history of #BTC crashes. As a #BTC HODLer, I've been mockingly asked the ques of - how is your portfolio doing several times in the past during BTC crashes. What is happening this month is no diff 4m several other instances in the past. 🧵 on 2 such past events: 1/n
#BTC went from sub $100 to making a top at $1163 in Oct'13. Over the next 14 months it retraced and fell around 87% to make a bottom at $152.4 in Jan'15. I did not have any long term exposure during this period. BTC at $250-350 was considered "EXPENSIVE" for a long period. 2/n 
Over the next 3 years it went to a high of $19666 in Dec'17. A 129x increase in price from the bottom and 17x from previous top. Previous "Crash" was a blip on chart and $250-$350 entrants were considered lucky now. 3/n
From the Dec'17 top of 19666, BTC corrected to $3122 by Dec'18 - A fall of 84% over a period of 12 months. BTC at $8000 was considered "EXPENSIVE" for a long period since then.
From Dec'18 low of $3122 to recent high of $64895 in Apr'21 has been a 20x increase from the bottom price and a little over 3x from the previous top. The current drop is roughly at 50% of recent top and I wouldn't be surprised if it falls another 20-30% from here. 5/n
While the mockers have made fun of the asset class, #BTC adoption by institutions has only grown steadily over the years. Never invest anything that you can't afford to lose in this. Embrace the volatility if you intend to Hold this. -- END
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