4 ms·

The bubble has popped, but these graphs show that we are still at January-February levels of bubble. I am not sure if the market has fully collapsed (Unfortuna

• instance 5y ago
  Yea, for all we know it could be a temporary correction, just to shoot up further next month. I think it's too early to speak of a 'collapse'.
• csomar 5y ago
  One thing I learned trading and navigating crypto markets, is that a $0 price type of collapse is not possible with a scarce token. If Bitcoin goes to 0, then anyone can buy all the possibly available bitcoins and then decide what the price will be later on. This makes it impossible for the price to reach 0 unless the protocol is hacked. A 90-95% decline from the height could safely be considered a total collapse. Some people who got in early will still remain in the green after a total collapse.
  • antupis 5y ago
    If bitcoin price goes 0 then there is no mining rewards and doofus with laptop can do 51% attack so coin is basically worthless.
  • Grustaf 5y ago
    > then decide what the price will be later on The price is not something anyone can just "decide". If the price goes to 0 it's because nobody wants bitcoins. When that is the case, you can't just buy up bitcoins and "decide" that they cost 1 m. Well you could, but nobody would suddenly pay that much.