Viewing a response to: @zer0hedge/visualizing-the-worst-crashes-in-bitcoin-history
I will have to look at a chart but it would be interesting to see what the rebound percentage was and how long it took for each of these draw downs. My gut tells me that these "crashes" result in even more powerful reversals. As for the nature of the article, it is safe to say this move was no big deal in the crypto world. It took close to two months to go down 70%. Higher levels and in a much quicker period of time were experienced throughout Bitcoin's history. I am confident we see a big bounce in BTC along with alt coins. The pullback cleared out some of the "iffy" people. I do not know the stats, but I imagine there are a number of short positions out there which could lead to big moves up as the shorts have to cover. It is always a wild ride.
author | taskmaster4450 |
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