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by Asdfbla 3105 days ago
Is there really much there is to expect though? Bitcoin's value has no real basis one way or another, since all the purported practical uses have fizzled out once the network became incapable of actual commerce due to various factors like transaction fees, price instability, processing delays, etc.

So I guess by now, Bitcoin crashing by 50% is as surprising or unsurprising as Bitcoin growing by 50% instead. So I'm not sure if you could really expect the crash, since that expectation requires understanding the unknown speculation mechanism that currently drives it. Though in the future some analysis in hindsight might tell us how to explain what market psychology is currently influencing the price.