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A crash had been expected for a while. It was going up way too fast too quickly. However in the big picture, this crash from $19k to $9k is just a blip on the r
by mrb 9y ago
A crash had been expected for a while. It was going up way too fast too quickly. However in the big picture, this crash from $19k to $9k is just a blip on the radar. Even if it crashed further down to $6k we would still be at the all-time-high of 2½ months ago: http://bitcoin.zorinaq.com/price/ http://bitcoin.zorinaq.com/price/
- donkeyd 9y agoDon't forget the big picture that lots of people lost lots of money in the last couple of weeks. People blow this off by saying that people shouldn't have invested money they couldn't miss, but those are the same people who kept telling everybody to 'hodl' and that it'll go to 100k. It may still, buy the people who need it the most can't wait for it to crawl back to 20k.
- lunchables 9y agoIf anyone "needs" it to crawl back to 20k in a period of a couple months, they've made some terrible investment decisions.
- twiceaday 9y agoIt seems to me like the reason for your comment was to signal confidence in the future of Bitcoin, even though what you explicitly said can be summarized as "Bitcoin is worth more than $0 so some buyers are still up." What you said explicitly is rather obvious but your implication is a much more interesting discussion.