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RE: Bitcoin (BTC) Evening Update: Short Term Target $10,254

in #bitcoin7 years ago (edited)

I couldn’t agree more, but a 98% drop isn’t a correction! It’s the end :) A 20 - 30% pullback seems more than reasonable though given the hysteria. I’d be a buyer again at those prices. Would love to pick some up at $200 too! ;)

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Exactly. A 98% drop is not a correction. I don’t see how any asset can recover from a crash such as that. 20-30% seems reasonable, even 50%. Bitcoin has had similar before.