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It was at 30k earlier this year. It needs to go below 10k for me to consider it crashing.

• rualca 5y ago
  > It was at 30k earlier this year. It needs to go below 10k for me to consider it crashing. Bitcoin's price was over $60k a couple of months ago. After it crashed, it tanked to around $30k. So to you a market valuation tanking 50% is not a crash, and it would need to tank over 80% to qualify as one?
  • MrYellowP 5y ago
    It's cryptos. 50% isn't uncommon and not really anything a seasoned crypto trader/hodler would care about.
    • rualca 5y ago
      > It's cryptos. That means nothing. > 50% isn't uncommon So crashes are common on speculative bubbles. Does that mean these crashes are less of a crash?
      • deleted 5y ago
        [deleted]
      • mthoms 5y ago
        The parent only said that 50% reduction for BTC was not cause for alarm for them because of how often such big drawdowns occur in crypto. Nothing more. Stop trying to pick a fight.