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kevingadd on June 19, 2022 | parent | context | favorite | on: Bitcoin’s nosedive through the $20k mark is a Mins...

Is it a safe assumption that we'll see a 5th and a 6th crash? Isn't it always possible the current one will be the last?

Gigachad on June 19, 2022 [–]

Past performance is not an indication of future performance. If we knew this was the last peak the value would be nothing. If we knew it wasn’t, the value never would have crashed. It’s all priced in.

Ultimately bitcoin has close to zero in fundamentals so it could crash all the way to zero and that’s it.

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