Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

WO, please help! I'm trying to understand why Bitcoin has performed better in it's 2022 bear market with high inflation than 2011, 2014 or 2018 without it.

This is as far as I got trying to get an answer. Apparently every -2.2% correction Bitcoin experiences at current prices is worse than the 2014 bear market Shocked

Remember, it's not about how a -2.2% correction over a -86% correction affects your investment, it's all total market cap. Obviously.

Quote from: dragonvslinux on Today at 08:56:26 PM

Quote from: stompix on Today at 05:34:17 PM

And to combine this with your other question.
That 86% drop erased $10 billion of value, the current one erased $800 billion!
So... Cheesy

Did it really perform better? Mark Twain might have something to say about those statistics and percentages.

So, by your own argument and logic, every 2.2% correction or downtrend that Bitcoin has (at current prices) is worst than the -86% drop that happened in 2014/2015?

I rest my case. Still waiting for a relevant argument as to why high inflation is bad for Bitcoin Cheesy

Answers in this thread or quoted thread accepted. I'm getting pretty desperate now to be honest, have been asking the same question for months and getting nowhere...

Quote from: dragonvslinux on March 10, 2023, 02:43:06 PM

Maybe you can help to unravel the followings data then, as so far nobody has been able to explain the following:

2014-2015 bear market (no high inflation): Bitcoin drops -83% from ATH after approx one year
2018-2019 bear market (no high inflation): Bitcoin drops -83% from ATH after approx one year
2022-2023 bear market (with high inflation): Bitcoin drops -77% from ATH after approx one year

Thanks in advance. Troll welcome.