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To the people still calling this a "discount" or a "dip for ants" - comparing it to the last bull run, it really isn't, there wasn't a single dip like this before things crashed

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by COINS NEWS 176 Views

Of course, I know, "this time it's different". And to a degree you would be right to say that, I don't think that what happened last time will necessarily repeat itself. But some people still try to pretend that this is normal market volatility and there were dozens of dips like that in the past - looking at the data, this is really not true. The biggest dips for Bitcoin were (all values in USD):

  • 3,014 to 1,927 (36%) in June/ July 2017
  • 4,863 to 3,100 (36%) in September 2017
  • 7,462 to 5,867 (21%) in November 2017
  • 18,491 to 15,266 (17%) in December 2017

Then BTC reached its top at 19,665 and you know the rest, drop to 3,000.

Currently we have dipped from 64,805 to 39,314 - 40% (edit: a few hours later, it's 31,000, so we're at more than 52%!). I'm not saying this necessarily is the big crash, but don't pretend it's just a regular dip. It's a huge one, and it might be the next big crash.

submitted by /u/_martinshkreli_
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