3 ms·
Dropping from $66K to $20K within a year is overwhelming evidence of not a bubble? Bitcoin just deflated first. It could deflate again as the Fed offloads its b
by 7e 4y ago
Dropping from $66K to $20K within a year is overwhelming evidence of not a bubble? Bitcoin just deflated first. It could deflate again as the Fed offloads its balance sheet. Meanwhile stocks like TSLA are still meme-overbought.
- roenxi 4y agoBitcoin does that sort of thing all the time. It is hardly evidence of a bubble, just normal variance.
- 7e 4y agoReally? It hits $66K all of the time?
- roenxi 4y agoDrops by 66% pretty regularly. Nothing there is outside what could be anticipated based on decade-old data.
- 7e 4y agoBut above, you cited BTC not dropping as evidence that it wasn't a bubble. So, it's not a bubble because, while it drops all the time, it doesn't drop exactly when you predicted it would?