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In march 2020 it dipped as low as 4k[0] and nobody batted an eye. I thought if it stayed there for long enough it'd finally burst, but then the prices soared up
by dr_zoidberg 4y ago
In march 2020 it dipped as low as 4k[0] and nobody batted an eye. I thought if it stayed there for long enough it'd finally burst, but then the prices soared up to 70k.
I'm surprised everyone's acting like it hadn't been down below 20k since 2017. Sure, it wasn't for long, but it did happen in 2020.
[0] Before posting I looked it up and what I'm finding is a lowest in 2020 of $4,861.32 for March 12th. I vaguely remember lower numbers, but this is aggregated data, so it might've been lower during the day but that was the closing price or the mean or something. I'm still sticking with the 4k number for quick reference, though you can take it as 5k if you want -- it's still a lot lower than the 20k that's making the news currently.
- Galanwe 4y agoA flash crash (an order book getting dried up) is a form of glitch. It's very different from having the market price BTC at 20k for real.
- dr_zoidberg 4y agoI guess my issue might be with the wording, and there clearly are a few technical reasons why this is surprising. I think what is being told is that "since it rised in price late 2020, Bitcoin has been consistently priced over 20k, the previous ATH, and now has gone below that value", which would be clearer to those of us who aren't daily into this.