Post
Topic
Board Speculation
Re: Historic BITCOIN crash
by
tee-rex
on 04/02/2018, 16:41:20 UTC
This time, bitcoin definitely did not crash as much as 2013 or 2011.

Not yet, but the 2013 crash lasted until 2015 to go down from 1200 all the way to 200.  With bull traps, yes.
In fact, what is remarkable in this crash, was not so much the downward motion.   The truly remarkable aspect was that after the pyramid game collapsed, it took of again.  So there's hope for yet another bubble, but first, we'll have to go really seriously down, and "lose all hope".  When all hope is gone, bitcoin will look like "money" again, people will gain interest, and the next bubble can start.

It seems like you completely discard altcoins which are still present in the picture somewhere. Let's face it, Bitcoin is not quite up to date right now. LN may solve a bunch of problems, but how long will its deployment take? If the whole market goes down, a few alts may eat a solid chunk of Bitcoin's pie. Oh, wait, isn't that what they have already been doing all this time? Anyway, it would be interesting to see how things are going to unfold in this department when "we'll have to go really seriously down and lose all hope". See you there.