Bitcoin drawdowns

Discussion in 'Crypto Assets' started by Ed48, Jun 18, 2022.

  1. Ed48

    Ed48

    I wonder where the current one (#6) will end up in this table?

    Bitcoin drawdowns.png
     
    VicBee likes this.
  2. usd 400 120 days
     
  3. lwlee

    lwlee

    Lol, $32,933? Talk about outdated. It just hit $19k.

    @19k, it's down 72% for 5th place.
     
    Last edited: Jun 18, 2022
  4. VicBee

    VicBee

    Thanks for the perspective
     
  5. Q.E.D.

    Q.E.D.

    To add insight, please also chart the Holland Tulip Bubble, as well as prices of Pokemon cards and Beanie Babies. May take time, but likely the latter two will be ultimately worth far more than all the current approx 18,500 different cryptos -- combined! I can't wait for the movie.
     
  6. nitrene

    nitrene

    Seems like only top 3 are real drawdowns. The rest seem like corrections. Seems like the 2013 was a good year for trading BTC. Was that the year of the Mt. Gox collapse?

    More adoption seems to reduce the drawdown which makes sense since it would add liquidity to the instrument. I bet the drawdown this time will be less than 2018 so call it about 81-82% which means about $12.4-13.1K/BTC.
     
  7. deaddog

    deaddog

    Every one who invested in bitcoin in the last year and a half is now underwater.
     
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  8. virtusa

    virtusa



    #Bitcoin[​IMG] just hit the realized price, average PnL for all blockchain wallets is in loss now.
     
  9. virtusa

    virtusa

    Going up from number three to one we see each time a bigger drawdown and also a longer period. Number of days to new highs is increasing too, for as far as the numbers are available.

    Crypto fans posted all the time that those who did not buy would miss the biggest wealth creation in human history. I think that those who did not buy the last 1.5 year are very happy with their decision. Those who did buy might experience maybe one of the biggest wealth destructions in human history.
    worstdd.jpg
     
    KCalhoun likes this.
  10. KCalhoun

    KCalhoun

    I've been calling it monopoly money, never bought it. I like the play money in GTA5 better.

    Looking for a bounce someday, will likely go long COIN MARA RIOT when price action is there.
     
    #10     Jun 18, 2022
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