Bitcoin and Crypto Market Crash, or just a healthy correction? Some perspective and analysis.

February 6th, 2015 - February 6th, 2016

February 6th, 2016: $377
Low: $250
High:$460
Low to High: 1.84x
Low to End of Year Price: 1.5x
January - February drop? Yes, 460$ to $377 - 22% reduction, quick recovery.
Note: Bitcoin maintained a solid support line at $250 for three quarters of the year and then saw mild growth.

February 6th, 2016 - February 6th, 2017

February 6th, 2017: $1,050
Low: $377
High:$1,150
Low to High: 3.05x
Low to End of Year Price: 2.78x
January - February drop? Yes, but a quick recovery. $1,150 to $800 - 30% reduction.
Note: Maintained a support line for 4 months, steady growth until January, 30% reduction and a quick recovery.

February 6th, 2017 - February 6th, 2018

February 6th, 2018: $6,548
Low: $1,020
High:$19,783
Low to High: 19.4x
Low to Current Price: 6.41x
January - February drop? Yes, from $19,783 to $6,548 - 67% reduction, no recovery as of yet.
Note: Fairly steady growth for 10 months, big unhealthy bull run with a 67% drop and no sign yet of a reversal.

February 6th, 2015 - February 6th, 2018

Current Price: $6,548
Low: $250
High: $19,783
Low to High: 79x
Low to Current Price: 2,600% increase (26x)
High to Current Price: 67% reduction.

How does this compare to stock market activity?

The stock market just experienced it's largest one day reduction ever.
Quote regarding the stock market: "There have been 123 market corrections from 1900-2013, resulting in at least one correction per year, on average."

Average Stock Market Correction Percentage: 10-40% down from the 52 week high.

Conclusion?

The data speaks for it's self; this market activity isn't quite typical based on the last 3 years, and it more resembles a market crash than a correction if we are going strictly by stock market standards, but with that said, this isn't the stock market, and look at the chart immediately above that shows the entirety of Bitcoin's market fluctuation history. Bitcoin is still up over 6,500% from it's inception. Also, remember, cryptocurrencies weren't designed for the purpose of making you rich overnight. Do yourself a favor during times like these and revisit the original Bitcoin whitepaper. Cryptocurrencies are doing their job, which is disrupting the state and the oppressive banking industry. Hold on tight, because I suspect we'll be seeing some wild swings for awhile due to the state trying to shake out the fresh and weak hands to save their soon to be crumbling and obsolete empire. The emperor wears no clothes, and if you assess the value of your cryptocurrency in fiat, then you're going to have some bad times.