I’m not saying this to be a dick but we are far from the bottom. Bitcoin has historically lost 70-80% of its value every 4 years so this should come as no surprise to anyone who’s been around for more than 1 cycle.
Discussion
I’ve been around for three of these cycles and frankly I’m tired of it.
ICO mania, FTX/celsius/blockfi and now Wall Street paper bitcoin shenanigans?
Especially considering that we didn’t even get a real bull run this time around. Your out here calling for an 80% drawdown like this is a typical cycle when we never actually got a parabolic run
It’s all so tiresome and I will continue to bitch until the degenerate traders get blown the fuck up
80% drawdown is highly unlikely I agree 50-70% seems reasonable though.