4 ms·

Intreasting, I don't really understand crypto but i've been a little interested in it as I've started to invest in index funds. But damn that is a huge drop, g

• djbusby 4y ago
  Good time to load up on more low-fee index funds.
• tgtweak 4y ago
  If you've been around bitcoin during all the other rallies and corresponding "crashes" and "bubble bursts" one thing rings true: It usually crashes to just below previous all-time-high to some extent, usually 15% below (ie: previous ATH $4000, ATH $22,000 in 2019, then retracted back to $3500 before climbing to latest ATH of $64,000. Some call it "crypto winter", it usually lasts for a good amount of time before gaining traction again and climbing past - usually after everyone has sold out and declared it dead, and media and the general public largely forget about it and stop talking about it for a year or two until it comes back into the news cycle as it picks up. I would say it's not guaranteed to repeat exactly - but for reference $18,600 would be that point. It could go lower, due to other market factors (recession, defi time bombs, stablecoin insolvency, etc) but it seems to follow this path.
  • Macha 4y ago
    The comments prior to it falling under $20,000 was that $20,000 was that point. Why is $18,600 different to $20,000?
    • sphynxie 4y ago
      They are proposing that the new floor will be (aka "historically has been") 15% less than the previous all time high, which would be roughly $18,600