KrakenFounded 2011
Kraken
United States
A United States based cryptocurrency exchange and bank. Best known for their support team, with a reputation for excellent customer service.
Founded 2011
Based United States
Bitcoin, calmly
Prices fluctuate. Don’t panic.
Bitcoin has fallen 50% or more seven times since 2011, and it recovered after each of them. People have been declaring it dead for just as long. Here’s the live price, today’s move in context, and the record itself.
BTC / USD
Live
$65,065
Fetched 12:01 UTC, cached for five minutes.
- 24 hours
- +0.9%
- 30 days
- +7.9%
- 1 year
- -45.0%
Price data from CoinGecko, fetched by this server and cached. No third-party widget and no tracking script. It’s an indication, not a quote you can trade on.
01 Panic meter
CalmPanic
24h +0.9% · 30d +7.9%
Almost nothing happened
Less than a percent either way. If you came here because of a headline, the headline was ahead of the price.
The meter reads the last 24 hours and the last 30 days against the crash record on this site. It describes what has already happened. It isn’t a prediction, and nothing here is financial advice.
02 The record
Seven times it fell 50% or more
Cryptocurrency is volatile, with a track record of boom and bust cycles. The movements in the price are based purely on speculation about how people think it will perform.
-
June 2011
-99%
From $32 to $0.01
-
August 2012
-56%
-
April 2013
-83%
From nearly $260 to $50
-
December 2013
-50%
-
December 2018
-84%
-
March 2020
-50%
-
May 2021
-53%
Bitcoin recovered after every one of those falls. That’s the record of what happened before, not a forecast of what happens next.
Read the full breakdown03 Declared dead
When Bitcoin was declared dead
Three published calls, and the Bitcoin price on the day each one ran. The links go to the original pieces so you can read them yourself.
-
Bitcoin was
$397
Source: realmoney.thestreet.com
-
Bitcoin was
$1,185
Source: businessinsider.com
-
Bitcoin was
$9,096
Time to sell your Bitcoins: Cryptocurrencies success a bubble, Central bankers around the world warn
Sources: financialexpress.com, 99bitcoins.com
As this page loaded, Bitcoin was $65,065.
04 If you’re buying
Exchanges and platforms
Three places people buy Bitcoin, described plainly. Some of the links below are referral links. That’s how this site pays for itself.
BinanceFounded 2017
Binance
Cayman Islands
The largest cryptocurrency exchange in the world by daily trading volume. Founded in 2017 and registered in the Cayman Islands.
Founded 2017
Registered Cayman Islands
CoinbaseTrading since 2012
Coinbase
Trading since 2012
Probably the best known exchange, trading since 2012, and one of the easiest platforms to buy and sell on.
Founded 20 June 2012
Headquarters None
Employees 1,249 (2020)
05 Spread the risk
Diversify, hedge, reduce risk
Bitcoin doesn’t have to be the only thing you hold. Two of the older answers to the same problem.
Invest in gold
BullionVault lets private investors around the world access the professional bullion markets, with low costs for buying, selling and storing gold and silver.
Invest in stocks
Trading 212 is regulated by the FCA.
eToro is an Israeli social trading platform.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
06 Reading
Rather understand it than watch it
Understanding Bitcoin’s volatility
Why the price moves the way it does, and the strategies people use to manage that risk.
Navigating crypto: risk management essentials
Goals, risk tolerance, diversification, orders, security, and having a plan before the downturn arrives.
Why time in the market beats timing the market
The pitfalls of trying to call the top and the bottom, and what staying invested actually does.
Prices fluctuate. Don’t panic.
That’s the whole message. Everything else on this site is just the evidence for it.
Nothing on this site is financial advice. Bitcoin Panic is published for information only. We’re not authorised to advise anyone, we don’t know your circumstances, and nothing here is a recommendation to buy, sell or hold anything. If you need advice, get it from someone regulated to give it.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Affiliate links. Some links on this site are referral links to exchanges and brokers, and this site may earn a commission if you open an account through one. It doesn’t change what we say about them: the descriptions are the plain facts about each platform.
About the price. The Bitcoin price shown here comes from CoinGecko, is fetched by this server and cached for five minutes. Treat it as an indication rather than a tradeable quote. Past price movements say nothing about future ones.