4 ms·

Evidence of history? It took COVID to get Bitcoin back up. That's it Not history, just a rare event. No one cares about Bitcoin anymore.

BlueTemplar 4y ago
You seem to have forgotten the other... IIRC 3 (?) times it has gotten back up ? (But feel free to short bitcoin of course - not the kind of risk I would take.)
- NicoJuicy 4y ago
  Other 3 times? Error. 1 long streak before COVID and a large decline then too. And 2 times jumping around during COVID-19 = over a very short period.
  - BlueTemplar 4y ago
    The previous times the bubble popped : around $30, $300, and $3000 per BTC. The ~$300 one immortalized in this parody music video : "Blame it on MT.GOX" : https://youtu.be/K2ku1A5Ox8U https://youtu.be/K2ku1A5Ox8U (Note that this one was NOT about MT.GOX going bankrupt...)
    - NicoJuicy 4y ago
      And one of the biggest jumps in Crypto ( the one outside of Covid) was when banks jumped on it ( end of 2017 i think). Now you are seeing the opposite: Eg. https://www.barrons.com/articles/banks-fleeing-crypto-bitcoin-worried-51673278376 https://www.barrons.com/articles/banks-fleeing-crypto-bitcoi... I'm not replying here again fyi. I don't care about crypto anymore ( went out at 2018 before the crash), I do care about others losing money :). If you think it will rise again, fine. Go for it.
mancerayder 4y ago
Almost every speculative asset was up then, capital was desperate to go anywhere as borrowing was cheap and savings rates were high.
- NicoJuicy 4y ago
  Explain why Bitcoin went down before COVID then. As you say, borrowing was cheap. There was no reason for it to decline after 2018 till 2020... Reminder: other speculative assets didn't decline then :) As I said before, Covid, with boredom and free money. No one used Bitcoin as investment and not many would borrow money for buying crypto. Still: no one cares about Bitcoin anymore except some select people that live in the past.

BlueTemplar 4y ago

You seem to have forgotten the other... IIRC 3 (?) times it has gotten back up ? (But feel free to short bitcoin of course - not the kind of risk I would take.)

NicoJuicy 4y ago
Other 3 times? Error. 1 long streak before COVID and a large decline then too. And 2 times jumping around during COVID-19 = over a very short period.
- BlueTemplar 4y ago
  The previous times the bubble popped : around $30, $300, and $3000 per BTC. The ~$300 one immortalized in this parody music video : "Blame it on MT.GOX" : https://youtu.be/K2ku1A5Ox8U https://youtu.be/K2ku1A5Ox8U (Note that this one was NOT about MT.GOX going bankrupt...)
  - NicoJuicy 4y ago
    And one of the biggest jumps in Crypto ( the one outside of Covid) was when banks jumped on it ( end of 2017 i think). Now you are seeing the opposite: Eg. https://www.barrons.com/articles/banks-fleeing-crypto-bitcoin-worried-51673278376 https://www.barrons.com/articles/banks-fleeing-crypto-bitcoi... I'm not replying here again fyi. I don't care about crypto anymore ( went out at 2018 before the crash), I do care about others losing money :). If you think it will rise again, fine. Go for it.

mancerayder 4y ago

Almost every speculative asset was up then, capital was desperate to go anywhere as borrowing was cheap and savings rates were high.

NicoJuicy 4y ago
Explain why Bitcoin went down before COVID then. As you say, borrowing was cheap. There was no reason for it to decline after 2018 till 2020... Reminder: other speculative assets didn't decline then :) As I said before, Covid, with boredom and free money. No one used Bitcoin as investment and not many would borrow money for buying crypto. Still: no one cares about Bitcoin anymore except some select people that live in the past.