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1  Economy / Speculation / Re: Historic BITCOIN crash on: January 31, 2018, 08:57:35 AM
I understand corrections happen and I fully expect the market to recover from this, but I always see the expectation for recovery no matter what. Many people think it is very cyclical and predictable. That is never the case. Why do I always see 'bitcoin will bounce back' posts but never 'this is what will have to happen for bitcoin to never recover'. I understand the chances that Bitcoin crashes forever are slim to none, but we must calculate all possibilities. At what point does Bitcoin have to reach before the sentiment is that we will not recover? Or better yet, that it will not recover to previous highs. I keep seeing Bullish statements and positivism is a good virtue to have, but for once I'd like to see an argument in the other direction. Does it have to drop down 98% before we would have bearish thoughts? Does it have to lose so much in a certain period of time? Like I said, I am positive it's a simple correction and that we will atleast hit $50k Bitcoin in 3 months, my opinion, but I would just like to see counter arguments.
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