From the very beginning, the story of Bitcoin has been one of white-knuckled investors holding on for dear life as they rode the digital currency from a few pennies in value to tens of thousands of dollars per token. Fortunes have been made, indeed, but they’ve also been lost — often overnight or close to it. More than a decade after it emerged from the shadows of the internet, Bitcoin has still not gotten past its tendency for stratospheric highs and subterranean lows. Here’s a look at the biggest crashes in the bubble-bust-repeat history of Bitcoin.
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Why the Decade-Long Roller Coaster Ride?
When Bitcoin first gained mainstream traction, people put money down based mostly on a feeling, not on a true understanding of things like blockchain technology. Their optimism about getting in on the…