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50% or greater is not particularly unusual... even for Bitcoin. Going off some highs and immediate lows from the top Google result: * June 2011: -99% ($32 to $
by jimmydorry 4y ago
50% or greater is not particularly unusual... even for Bitcoin. Going off some highs and immediate lows from the top Google result:
* June 2011: -99% ($32 to $0.01)
* August 2012: -56%
* April 2013: -83% ($260 to $50)
* December 2013: -50%
* December 2017-December 2018: -84% ($20,000 to $4,000)
* March 2020: -50% ($10,000 to $4,000)
* May 2021: -53% ($64,000 to $31,000)
- medo-bear 4y agoalso noteworthy is the fact that if you bought BTC in 2018 just before the crash at 20K and held you would have made some serious money even at today's "crashed" prices. however if you bought into the predominant sentiment on HN (imminent crypto collapse) and sold you would have had some serious losses
- BaseballPhysics 4y agoAll you've proven is that Bitcoin crashes a lot. This is not a surprise to anyone.