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7 pointsjanandonly7 comments

This is complete bollox. My [small] crypto portfolio has lost about a third of its value since the beginning of the summer and, outside of the normal daily fluctuations, has shown no signs of recovery at all, since the € and £ tanked.

It has been interesting how stable crypto has been through this entire period of market turmoil. I thought it would be the first thing to go when rates rose, but I've been proven wrong.

The evidence that Bitcoin is not a bubble is becoming so overwhelming that soon nobody will even admit to thinking that it was.

Dropping from $66K to $20K within a year is overwhelming evidence of not a bubble? Bitcoin just deflated first. It could deflate again as the Fed offloads its balance sheet. Meanwhile stocks like TSLA are still meme-overbought.

Bitcoin does that sort of thing all the time. It is hardly evidence of a bubble, just normal variance.

Really? It hits $66K all of the time?

Drops by 66% pretty regularly. Nothing there is outside what could be anticipated based on decade-old data.

But above, you cited BTC not dropping as evidence that it wasn't a bubble. So, it's not a bubble because, while it drops all the time, it doesn't drop exactly when you predicted it would?

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