3 ms·
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
by 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 agoDisagree. 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 agoCrashes 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