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0 pointsmanquer3y ago0 comments

Crashes don’t mean terminal.

If the dollar (or any other currency)lost 70% of its value in less than a year then we would certainly say it crashed

0 comments

Disagree.

At this point, BTC is very much known for its extremely high volatility (source: look at the price history since inception).

There hasn't been a single year since it launched where it hasn't displayed outrageously wild swings: at this point, it's pretty clear that the wild volatility is an intrinsic attribute of this particular asset class.

Therefore: not a crash, just Bitcoin's business as usual.

manquerOP3y ago

Crashes don’t have to be rare either- frequency does not negate them from being crashes

you can start by seeing some of the the accepted definitions here [1]

While you may have expected crashes in bitcoin to be that hard (good for you) most investors, dozens of high profile funds/exchanges/crypto businesses did not expect bitcoin to fall to 20k USD and have failed.

[1] https://en.m.wikipedia.org/wiki/Stock_market_crash

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