4 ms·

Crypto has famously gone through several bear markets though and a bunch of 80% corrections.

• alar44 5y ago
  Several?? We haven't had a bear market in 10 years.
  • steelstraw 5y ago
    In crypto, yes. There have been years (2014 - 2016, 2018 - 2020) where the market fell down and hibernated.
• devoutsalsa 5y ago
  Crypto winter is coming.
• endisneigh 5y ago
  A correction isn’t a prolonged bear market. Regardless, the period of 2010 to date has effectively been a prolonged bull run.
• nikanj 5y ago
  Fortunately crypto has no fundamentals, so it can't really fail financially. There's absolutely no business whatsoever, so there is no worry of the business running out of funds and thus forcing crypto into chapter 11. The stock price can drop to 0, and it would be ok. There's no stores to close due to unpaid rents, no workers to furlough, etc. In a weird way it's immortal.
  • ProAm 5y ago
    They would become beanie babies.
  • hervature 5y ago
    It is definitely not immortal. If the price goes to 0, then miners have 0 incentive to keep the blockchain going. More realistically, once the price is sufficiently low and 51% attacks become viable, it has effectively died.