Bitcoin is now officially 50% down from its all time high 2 months ago. If you’re still calling this a dip, I don’t know what else to tell you
1 min read
As I’m writing this, Bitcoin is sitting at around $34,500 – down exactly 50% from it’s ATH of 69,000 it reached on November 10th – only 73 days ago. That’s a pretty rough crash.
Crashes like that don’t happen often. No you haven’t seen crashes that are much worse many times – and if you say stuff like that, I assume you are pretty new and want to seem like you’ve been around for a while.
The last time this happened half a year ago, when BTC crashed to below 30k, after going above 60k for the first time ever in April. It recovered after a few months and went to a new ATH – so I’m not saying this is definitely the start of a year-long bear market. But don’t pretend this is just a nice little dip, a buying opportunity. This could very well go down much further and not go up for a while. It’s a crash.
submitted by /u/mic_droo
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