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Cryptocurrency has been through -80% draw downs multiple times in it's history. The question is, is the entire history a story of a pump and dump or are you say
by X6S1x6Okd1st 5y ago
Cryptocurrency has been through -80% draw downs multiple times in it's history. The question is, is the entire history a story of a pump and dump or are you saying we are currently in a smaller bubble & bitcoin should be ~5k instead of ~40k?
Why has it been able to withstand a draw down of 50% 4 times in 13 years?
- dehrmann 5y agoI was referring more to NFTs than cryptocurrencies. They went from nothing to huge too quickly. NTFs are closer to Beanie Babies, Bitcoin to baseball cards. The big gotcha with NTFs, and why they're worse than Beanies, is they're incredibly hard to price because they're non-fungible, and unlike art (also non-fungible), it's not clear which tokens are desirable or why.