4 ms·
> 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 cras
by 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 agoIt'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 agoThe 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.