Bitcoin historical crashes:
2011: Bitcoin fell 94%
2013: Bitcoin fell 87%
2014: Bitcoin fell 83%
2018: Bitcoin fell ~70%
It wasn't a bubble. It was normal volatility. Everyone breathe. You can't kill an idea.
This is a point I’ve made many times. A bubble, by definition, can only pop once - not 4 times! In this case; we’ve had a series of parabolas with subsequent drawdowns, and we’ll likely have many more of both as it works its way to intrinsic value.
You sure it’s done? Don’t start counting your chickens quite yet we’re in no mans land between the last huge falling wedge and the macro downtrend line. Another bounce off that line could send BTC into the gutter á la Barney Gumble.
it won't matter if it is over or not. doesn't change the historical trend. True. It’s more likely that it’ll come back stronger than ever than it is to go to zero. Just pointing out that the downtrend is far from confirmed to be over atm.
