Post
Topic
Board Speculation
Re: The BTC Correction/Crash of 2017/18 is a CARBON COPY of 2012/13
by
Yakamoto
on 22/12/2017, 20:48:16 UTC
omg -30 % from top when it take less than a month to double, yeah bear market for 10 year lol. Only holders wins, people don't get that yet, when they will there will be no limit, money can go to 0 yes, even the dollar or euro, so how much will be a bitcoin ?
You'd be seeing Bitcoin got to 0 before you'd see a lot of the national currencies collapsing in on themselves, at least at a point where people won't be able to swap their currencies so that their value is preserved. A lot of the rise was based on hype from people and FOMO, resulting in a dramatically inflated demand for an artificially reduced supply. Bitcoin would not be trading near $14k today if the market behaved normally; that is holders didn't make the market scarce and forced the price higher. This is the result of doing something like that, and it should be a good lesson for everyone as to what happens when there is a bubble of such severe magnitudes.