Re:Bitcoin biggest bubble in history, says economist who pre...
by ve55 on Saturday February 03, 2018 @02:02PM
(#16298970)
All I'm stating is that I do not think the price will reach exactly zero. Of course it's a crash, and of course shorting it is profitable during this, I was short myself in it for a bit.
But the bubble has supposedly popped many times, keep in mind Bitcoin has had crashes far greater than just 50% before (closer to 90% has happened multiple times, see https://en.wikipedia.org/wiki/History_of_bitcoin#Prices_and_...). So if this is 'the' bubble pop, rather than just another large crash, will remain an open question for quite some time.
But the bubble has supposedly popped many times, keep in mind Bitcoin has had crashes far greater than just 50% before (closer to 90% has happened multiple times, see https://en.wikipedia.org/wiki/History_of_bitcoin#Prices_and_...). So if this is 'the' bubble pop, rather than just another large crash, will remain an open question for quite some time.