Doing some chart hacking with The Dow Jones Industrial Average from 1900 to present and Bitcoin. The idea was to correlate the run up from the 1920's and the down turn in the 1930's and compare that with Bitcoin.
Didn't come out very well. On a percentage basis (give or take) there would still be a 50% hit to Bitcoin from current levels to equal the hit the Dow took from 1929 to 1933.
It's kind of an unwritten rule that whatever asset takes a 90 to 95% hit......... it's a buy, no matter what. Of course you sell it eventually and you don't go all in, of course............you know, 1 or 2 or 3 % of your total net worth. There's always the chance the asset goes to -0- too.
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So in ending........ Use critical thinking and think for yourself.
