Post
Topic
Board Bitcoin Discussion
Re: This why you shouldn't be worried
by
HabBear
on 22/11/2018, 05:20:11 UTC
Yeah, yeah, "we've been here before"...got it. I suppose it's reassuring to see the stats. The fact that we're down almost 80% from the last high is NOT the deepest pull back we've seen (although it's close). The challenge is two fold: (1) with each new high, the same incremental percent downward we go involves a significantly greater nominal value (i.e., amount in euros, dollars, etc.) decline we have to endure, and (2) the adage "past performance is not indicative of future results" basically states that charts like these have little to know impact on what could happen going forward.

We're free falling and it's a tough time to be in.