Hacker News Reader

30% is not a small correction. Per definition, anything that is down more than 20% is in a bear market.

Maybe in normal markets. In the cracked out world of cryptocurrency it's just another day of trading.

Over a two-month period, usually. If the price shoots up from here (and that would be pretty normal for btc, etc), then it was just a correction. It could also drop another 50% from here. cryptocurrency markets are nuts.

Yes, they're nuts. And that's so because they're so small, relative to fiat markets. So it doesn't take much to push relatively large amounts into them, or drive them out.

But whatever. I just use Bitcoin because I can easily make it as anonymous as I like. Price spikes are sweet when they happen, and crashes can be an inconvenience. But that's just what's so.

Reply on news.ycombinator.com