Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by El duderino_ (5)
444K to 85K would feel so incredibly bad......as usual
If unfortunately this happens, it will be the worst situation I have ever seen, which I never imagined.
It won't be
Percentage-wise it is roughly the same when we went from 20K to 3.2K and from almost 69k to 15.6K.
The absolute numbers would be strikingly different, of course.
btc at 444K is a 9.3 tril "entity". For btc market as a whole to lose 7.5 tril would feel stupendously bad (and very similar in numbers to the Nasdaq plunge from 5K to 1K in 2001-2002).
My "heart" tells me that it won't happen, but my brain tells me that it could.