Subject: Re: Bitcoin
Historically BTC has risen in price a lot if you wait for an 80% drawdown from all time high. Just a spectator sport for me.


Its only down 50% now ($120K to $60K), a full 80% drawdown would suggest a $24K entry price). I wonder if that bar (80%) is still relevant given that the market adoption of the "asset" is much more broad than during past drawdowns... and the drawdowns seem to be getting less extreme.

Drawdown : $20K -> $4K : (80%)
Drawdown : $60K -> $30K : (50%)
Drawdown : $65K -> $16K : (75%)
Drawdown : $100K -> $83K : (17%)
Drawdown : $120k -> $60K : (50%)

tecmo
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