3 ms·

> just as crypto crashed Did crypto crash? Last I looked BTC was at 20K USD a pop ... strange definition of a crash for something that used to trade below a d

> just as crypto crashed Did crypto crash? Last I looked BTC was at 20K USD a pop ... strange definition of a crash for something that used to trade below a dollar.

smcl 4y ago
Crypto boomed, had billions sunk into it and has had multiple high profile implosions. Yes it has absolutely crashed.
- arthurcolle 4y ago
  Crypto market cap is still around ~1T USD
  - smcl 4y ago
    If you want to be part of it do not let me stop you.
- ur-whale 4y ago
  > Crypto boomed, had billions sunk into it and has had multiple high profile implosions Same thing it's been doing every year since 2011. Yet BTC is still trading at 20k USD ... I'm not sure we have the same definition of the word "crash". But whatever floats your boat, man.
  - smcl 4y ago
    May your investment go To The Moon
manquer 4y ago
Crashes don’t mean terminal. If the dollar (or any other currency)lost 70% of its value in less than a year then we would certainly say it crashed
- ur-whale 4y ago
  Disagree. At this point, BTC is very much known for its extremely high volatility (source: look at the price history since inception). There hasn't been a single year since it launched where it hasn't displayed outrageously wild swings: at this point, it's pretty clear that the wild volatility is an intrinsic attribute of this particular asset class. Therefore: not a crash, just Bitcoin's business as usual.
  - manquer 4y ago
    Crashes don’t have to be rare either- frequency does not negate them from being crashes you can start by seeing some of the the accepted definitions here [1] While you may have expected crashes in bitcoin to be that hard (good for you) most investors, dozens of high profile funds/exchanges/crypto businesses did not expect bitcoin to fall to 20k USD and have failed. [1] https://en.m.wikipedia.org/wiki/Stock_market_crash https://en.m.wikipedia.org/wiki/Stock_market_crash

> just as crypto crashed Did crypto crash? Last I looked BTC was at 20K USD a pop ... strange definition of a crash for something that used to trade below a dollar.

smcl 4y ago

Crypto boomed, had billions sunk into it and has had multiple high profile implosions. Yes it has absolutely crashed.

arthurcolle 4y ago
Crypto market cap is still around ~1T USD
- smcl 4y ago
  If you want to be part of it do not let me stop you.
ur-whale 4y ago
> Crypto boomed, had billions sunk into it and has had multiple high profile implosions Same thing it's been doing every year since 2011. Yet BTC is still trading at 20k USD ... I'm not sure we have the same definition of the word "crash". But whatever floats your boat, man.
- smcl 4y ago
  May your investment go To The Moon

manquer 4y ago

Crashes don’t mean terminal. If the dollar (or any other currency)lost 70% of its value in less than a year then we would certainly say it crashed

ur-whale 4y ago
Disagree. At this point, BTC is very much known for its extremely high volatility (source: look at the price history since inception). There hasn't been a single year since it launched where it hasn't displayed outrageously wild swings: at this point, it's pretty clear that the wild volatility is an intrinsic attribute of this particular asset class. Therefore: not a crash, just Bitcoin's business as usual.
- manquer 4y ago
  Crashes don’t have to be rare either- frequency does not negate them from being crashes you can start by seeing some of the the accepted definitions here [1] While you may have expected crashes in bitcoin to be that hard (good for you) most investors, dozens of high profile funds/exchanges/crypto businesses did not expect bitcoin to fall to 20k USD and have failed. [1] https://en.m.wikipedia.org/wiki/Stock_market_crash https://en.m.wikipedia.org/wiki/Stock_market_crash