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Comment by TekMol | Hacker News Reader

    crypto bros are finally getting a punch to the mouth

Finally? Bitcoin has been losing 50% of its value 4 times during the last 10 years. It even lost 80% of its value multiple times.

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You failed to mention that despite those falls, it is still up 100s of times its initial value. This comment is worse than the media trying to portray a specific story by presenting data partially.

> You failed to mention that despite those falls, it is still up 100s of times its initial value

Should we also benchmark stock prices against IPO prices? That information is only useful (and applicable) to those who go in at the beginning,and that is a small (and shrinking) proportion of overall traders. Apple being down 15% YoY is useful to more people than knowing it's up 25000% since it's IPO decades ago.

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