If anything, I'd imagine it'd fall deeper than 2011 (in which coins sold at $2 instead of a predicted $4 dollar value), because of the higher absolute values concerned and larger number of bitcoin holders who are probably not enthusiasts, and won't have the same faith it'll rise again, causing more depression.
I think it'll rise again though, I'd put money on it....
I think it'll rise again though, I'd put money on it....
There's a difference.
In 2011, when the bubble popped, there was nothing to compare to.
Was it the end of Bitcoin?
Now (almost) everyone is expecting a crash and a new rise, just like 2011.
Maybe, but for the moment I'm betting it'll be a more visceral (and uninformed) response to the deflation that drives the lows. Bids will go back through fear, greed and over-excitement.