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Bitcoin did end up dropping about 80% from its late-2017 high. It took about 10 months, but it bottomed out in the 3000s, down from $17K in Dec 2017. Wouldn't
by nostrademons 6y ago
Bitcoin did end up dropping about 80% from its late-2017 high. It took about 10 months, but it bottomed out in the 3000s, down from $17K in Dec 2017.
Wouldn't surprise me if GME does the same thing - just the sheer number of shorts will blunt the price declines a bit, as they cover.
- Judgmentality 6y agoYah, but dropping 80% when you've inexplicably climbed 10,000,000% (depending on the timeline) sorta shows that you're anchoring the reality to something that is already incredibly, ridiculously distorted.