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We’re on what, the 4th major crash now (depending on how you count them). I’m always surprised that people are still surprised by it. Bitcoin crashes, it will
by zarzavat 4y ago
We’re on what, the 4th major crash now (depending on how you count them). I’m always surprised that people are still surprised by it.
Bitcoin crashes, it will linger around some low price level for a while, then at some point there will be another bubble and the cycle begins afresh. Many of the alts and other random crypto assets are toast though.
- endisneigh 4y agoBitcoin has never been in a bear market.
- justapassenger 4y agoPeoples greed, and others readiness to exploit that never changes.
- IvyMike 4y agoIn the past, there have always been people new to bitcoin joining in. But my god, this year we had a crypto superbowl; it's hard to imagine that there is a large untapped population remaining.
- ephbit 4y agoMost people might have heard about Bitcoin by now. But how many people have actually bought Bitcoin? Maybe several million .. 50-100 worldwide? IMO it all depends upon how inflation of the major currencies develops. If we see sustained high inflation at the current level then there might be hundreds of millions of people around the world, who could become interested in Bitcoin.
- kevingadd 4y agoIs it a safe assumption that we'll see a 5th and a 6th crash? Isn't it always possible the current one will be the last?
- Gigachad 4y agoPast performance is not an indication of future performance. If we knew this was the last peak the value would be nothing. If we knew it wasn’t, the value never would have crashed. It’s all priced in. Ultimately bitcoin has close to zero in fundamentals so it could crash all the way to zero and that’s it.