-snip-
hmm if btc gets fully corrupted or should I say adopted by mainstream money people I would think it won’t have:
90 or 80 or 75 or 60% rollbacks anymore.
who knows what games will unfold once the trumpeter starts blowing his horn.
he is making a speech today get your popcorn ready.
I tend to agree with that range of decline based on history. 70% to 80% is the range I think the next bear season will be regardless of how high the price goes this year. Of course it's not so much a certainty that we then describe it as doubt - but the cycle is almost always similar. I don't expect there to be a 90% drop from the ATH in the next bear season - if it does, that's a risk that long-term investors need to consider and they need to be prepared with a backup plan.