[zeestephen]

Bitcoin has crashed 20% in the last two days.

Trading at $48,500 as I write this.

[aMorePerfectUnion]

Yes, it is undergoing a correction.

It has also tripled every year for 11 years, intermixed with corrections.

Crypto has regular corrections, like all assets.

Oil was slaughtered for years.

But the returns on crypto are huge.

As an example...

Shiba was up 62 million (!) percent last year.

[aMorePerfectUnion]

Value of $1,000 invested 5 years ago: Ethereum: $273,716 Bitcoin: $148,194 Shopify: $41,662 AMD: $28,639 Etsy: $26,388 Nvidia: $17,071 Tesla: $14,975 PayPal: $7,101 Amazon: $5,530 Netflix: $5,050 Apple: $4,799 Microsoft: $4,670 Salesforce: $3,055 Google: $3,016 Facebook: $2,803 — Jon Erlichman (@JonErlichman) April 13, 2021

[delta7]

Bitcoin has crashed 20% in the last two days.
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Two points: with the US, China, Russia, Canada, England, and other countries currently developing cashless, ( digital money), doesn’t anyone think they will NOT allow competition to their currencies? They will not. Secondly, the bloated markets in the US keep expanding, a tree does not grow forever. What happens when the unit ( USD) of exchange declines? When your unit of measurement ( the USD) crashes 10, 20-50 percent, the market keeps rising, but just look at Argentina, Venezuela, a currency crisis eventually wipes out ALL gains. Taxation, inflation, and the USD index ( purchasing power) are invisible and unknown enemies to most investors.