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by bcg1
3106 days ago
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Fair enough, maybe it depends on your definition of "full bust". But consider this... if the price were to go back to where it was just a year ago before the current mania (which is a common thing to happen when a financial bubble pops, after overcompensating to the downside) then it would be a 95% retracement from the highs (where, almost self-evidently, many people were buyers). And BTW a 95% retracement requires 20,000% gains to break even. If you gave me a $1000 and I gave you $50 back, I think most people would say that I took all their money, even though technically they could still buy a couple pizzas or something. So, again, it just depends on your definition of "full bust" |
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