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A comment on Bitcoin falls below $5,000. Parent comment
Sure, if the S&P/Dow/Nasdaq fell 75% people would be jumping out the window, but it's also never risen 300% in a few months like crypto did.
Crypto needs to be evaluated against other speculative investments and not against a long term vehicle like a major index.
Try 2000%, not 300%.
High volatility makes people rich -- that's the attraction. It also makes people poor.
Sure, if the S&P/Dow/Nasdaq fell 75% people would be jumping out the window, but it's also never risen 300% in a few months like crypto did.
Crypto needs to be evaluated against other speculative investments and not against a long term vehicle like a major index.