Re:Flaws in Bitcoin make a lasting revival unlikely
by Lerc on Wednesday March 27, 2019 @05:18PM
(#19506146)
The percentage loss from the peak of a bubble is not a terribly useful measurement. The peak is very short lived.
The BTC price early November 2017 was around the same as early Feb 2018(then it bounced up again for another two months). Losing 80% is quite significant, but to get those losses you have to buy in during the height of the bubble. People do so, in bubbles of all kinds, not just crypto, and that is a fact that I don't rightly understand.
I'm not sure what a good measurement would be. possibly some amalgam of 1 week, 1 month and 3 month averages.
The BTC price early November 2017 was around the same as early Feb 2018(then it bounced up again for another two months). Losing 80% is quite significant, but to get those losses you have to buy in during the height of the bubble. People do so, in bubbles of all kinds, not just crypto, and that is a fact that I don't rightly understand.
I'm not sure what a good measurement would be. possibly some amalgam of 1 week, 1 month and 3 month averages.