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If a security dropped 28% on a 1-month basis, it wouldn't still be up 60% on a 2-month basis. Apples and oranges. IMO, this is an obvious correction from the mo
by elif 9y ago
If a security dropped 28% on a 1-month basis, it wouldn't still be up 60% on a 2-month basis. Apples and oranges. IMO, this is an obvious correction from the most intense bull run bitcoin has seen.
- rothbardrand 9y agoIronically, this is not the most intense bull run bitcoin has seen. It is a strong bull run for recent years, however, but Bitcoin is getting less volatile over time.
- elif 9y agoAgreed, if you are looking at growth as a percentage it's had some crazy fast doublings in the past. I was talking more in terms of overall volume of fiat-denominated trade, or in terms of dollar value increase over time. The faster percentage growth periods did not see $600+ swing days.