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> BTC is also currently down from its peak… At any given time almost every asset is "down from its peak". It's impossible to be "up from the peak". The best-ca

> BTC is also currently down from its peak… At any given time almost every asset is "down from its peak". It's impossible to be "up from the peak". The best-case scenario is to be at the peak, but that doesn't last. If you bought in at the peak, when it was trading at double the all-time high as of just a month or two prior, then you lost of bunch of money when the price returned to normal. That's a fairly predictable outcome. But before it started shooting up in December of 2020 it had never been above $30k for more than a day or so (if ever), and since then it hasn't gone below $30k, and for the most part has remained above $38k or so despite some rather chaotic market conditions. Over the last two years it's up over 320%. (The S&P 500 is up about 80% over roughly the same time period, measured from its lowest point in March 2020.) IMHO the recent volatility is mostly due to political factors rather than the market. Regulators can't seem to collectively decide whether they want to adopt it themselves, ban it outright, take the hands-off approach, or just impose one unreasonable regulation after another with the goal of forcing it into the mold of the broken systems it was designed to replace. You'd see the same in any other asset class subjected to a similar political environment.

hiq 4y ago
I was just questioning the "trending up" comment that was given without much of a justification. You can add "by 33% (20kUSD) to the "down from its peak" if you prefer. > IMHO the recent volatility is mostly due to political factors rather than the market. If that's accurate, that would indicate that this volatility is not bound to disappear anytime soon. Still, given the incentives to manipulate the market for a profit and the presence of actors such as Tether, I wouldn't discount manipulation as a big part of this volatility.

hiq 4y ago

I was just questioning the "trending up" comment that was given without much of a justification. You can add "by 33% (20kUSD) to the "down from its peak" if you prefer. > IMHO the recent volatility is mostly due to political factors rather than the market. If that's accurate, that would indicate that this volatility is not bound to disappear anytime soon. Still, given the incentives to manipulate the market for a profit and the presence of actors such as Tether, I wouldn't discount manipulation as a big part of this volatility.