4. When the market loses patience After 2024111120230, the crypto market didn't "die immediately." But it entered a prolonged period of weakness. Throughout 2014, the price of Bitcoin continued to decline as money flowed out, participants lost patience, and confidence failed to recover. By early 2015, Bitcoin had touched below $200 for the first time. From its peak of over $1,000 in late 2013 to Dip in early 2015, the decline was approximately 80–85%. It's possible that Mt.Gox acted as a catalyst, but the sharp crash was the result of a long period of market distrust, not an immediate reaction. And for many, this is the moment they leave crypto completely, thinking, "This is truly over."