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‘Doomsday Scenario’—Bitcoin Suddenly Drops Under $100,000 As Crypto Price Crash Fears Hit Ethereum And XRP (www.forbes.com)

submitted 4 days ago by [email protected] to c/[email protected]

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[–] [email protected] 62 points 4 days ago (12 children)

Doomsday scenario seems a little dramatic.

[–] [email protected] 13 points 4 days ago (5 children)

For cryptocurrency if it isn't dropping by 15% or more in one day I don't think you can really even call it a crash.

[–] [email protected] 10 points 4 days ago (1 children)

Bitcoin's dropped way more

[–] [email protected] 2 points 4 days ago (3 children)

Past trading trends are no indication of future performance. Drawing pretty hopeful pictures on graphs is not an indicator.

[–] [email protected] 1 points 2 days ago

Past trading trends are no indication of future performance.

100%. But that doesn't mean you don't take that data into your own personal risk evaluation.

Drawing pretty hopeful pictures on graphs is not an indicator.

As you're side-stepping the argument, I'll just point out BTC is back up to 107k and I fully expect it to drop below 100k at some point in the future. Anyone who has been tracking it long enough is not concerned.

[–] [email protected] 3 points 3 days ago

It's not a guarantee but is an indication. In general, the more times something happened in the past, the more likely it is to happen in the future.

[–] [email protected] 4 points 4 days ago

It's a reality check

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