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There was no bitcoin bubble. Bitcoin is currently 50% down from the high mark. That is not a bubble. After actual bubbles, the low mark is may be 90% or more be
by ganitarashid 7y ago
There was no bitcoin bubble. Bitcoin is currently 50% down from the high mark. That is not a bubble. After actual bubbles, the low mark is may be 90% or more below peak.
- Nition 7y agoIs the definition of a "bubble" invalidated if the stock goes back up some time after the crash? It did drop initially from $20K to a low of $3,200, which is 84%.
- ganitarashid 7y agoYes it is. If you had invested in the stock market at the height of the “””bubble””” in 2000 you would be off well now. In hindsight it was not a bubble. You may disagree but sadly you probably didn’t have that perspective at the time.
- chrisco255 7y agoI prefer "boom" and "bust" cycles rather than bubble, to describe these scenarios.