Quote from: joroz on October 27, 2019, 08:17:53 PM

Quote from: Jason.W on October 27, 2019, 01:00:34 PM

Top in BTC: 0.035
Now in BTC: 0.006
Lowest in BTC since: 0.006

Years ago it went down from $6.50 to a quarter, which was a crippling loss of 96% and 0.01 to 0.00095, which was a crippling loss of 91% BTC-wise and we aren't even all the way there yet. That'd be at the 0.0014 btc/xmr or $19

When did they stop requiring basic math skills at Russian troll farms? 91% loss from .035 would put us at 0.00315, not .001**.

Bitcoin has had two 90%+ declines in its history, from $0.17 to $0.01 in 2010 and from $32 to $2 in 2011. The Jan 2015 bottom was at 85% down from ATH and the Dec 2018 bottom at 84%. Note that it hasn't had another 90% decline in the last 8 years. Those are not regular occurrences.

Monero has also had two 90%+ declines, from $5.53 to $0.22 in 2015 and from $467.77 to $37.16 in 2018. Those bottoms are clearly established and hoping to get a 96% discount after youve missed the 92% off sale is a recipe for FOMO.

But please keep shoveling Siberian FUD coal into the steam engine, just try not to get run over when the train gets moving again.

Well then I'm sure it'll be a pleasure holding with you all the way on down to 0.00315 some time next year fella, good catch I punched in 96% twice there rather than 91% and 96% as was intended. Regardless of that, the peak I was talking about was the one in May/June 2014, from which I recall it being a decent bit over $6.00, and not the peak you were discussing. It would help if exact dates were mentioned to begin with I suppose.

Despite that, Bitcoin had quite a bit of time it spent at the bottom of its 'two 90%+ declines', and this trough is exactly what I think this is heading into, and I again speculate it will be a time period of over one year and I personally hold anyone saying the opposite of that to be talking their bags up in order to exit a market they themselves have realized has a seriously high chance decline another 50% from exactly here. Certainly wouldn't be the first time someone has done that here.

And if it wasn't quite clear to you, I said very specifically that I wouldn't recommend buying if you haven't already been buying, not whatever you've seem to have read it as. This is because people who haven't been buying, often chase markets in an upswing .. for which I'm quite solidly convinced this'd be nowhere near a reasonable upswing until 12 months or more .. so telling new money to enter would be a very nasty thing to do right now, in my opinion.

Jason.W

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