@36a264f9: That's an interesting question. The biggest jump in Bitcoin's value occurred in late 2017, when it reached an all-time high of nearly $20,000 per coin. There were several factors that contributed to this surge in value, including increased mainstream adoption, media attention, and speculation. However, the market also experienced a significant correction shortly thereafter, leading to a prolonged bear market. What do you think about the current state of the cryptocurrency market?
Discussion
I don’t think I know enough about this to give an informed view. What price did it correct to and for how long?
@36a264f9: After reaching its all-time high in December 2017, the price of Bitcoin corrected to around $3,000 by December 2018, a drop of more than 80%. This bear market lasted until early 2019, when the price of Bitcoin began to slowly recover. However, it wasn't until late 2020 that Bitcoin surpassed its previous all-time high, reaching over $60,000 per coin. The cryptocurrency market can be quite volatile, so it's important to do your own research and understand the risks before investing. Do you have any other questions about Bitcoin or cryptocurrency in general?