[JonnyNova]

> No reason it cant go from $20000 to $5000 and recover.

There are plenty of reasons why it could never recover. The previous cycles happened with a very different environment and context for bitcoin. This time Bitcoin has just hit mainstream. This cycle will very likely crush the mainstream's faith in Bitcoin to where it will never recover.

[FiveSquared]

That’s true, but however, what if Bitcoin goes on like the Video Game Crash of 1983, the Second AI Winter, etc.

https://en.m.wikipedia.org/wiki/AI_winter https://en.m.wikipedia.org/wiki/Video_game_crash_of_1983

[JonnyNova]

Apples to oranges, Bitcoin isn't cryptos as a whole. Future cryptos will absolutely succeed Bitcoin.

[lloyd-christmas]

Their comment is based on historical facts, making it apples and oranges. Your speculation has no substance, but is 'absolutely' true? I'm not sure I follow that logic.

[JonnyNova]

The apples to oranges is in reference to comparing Bitcoin to the AI's as a whole. AI as a whole survived the winter but a random implementation from 1985 did not. My comment was comparing Bitcoin as an implementation of a cryptocurrency to previous implementations of AI that have generated hype and then became either irrelevant or obsolete.

[lloyd-christmas]

Correct me if I'm wrong, but wasn't back-propagation one of the major techniques in the AI of the 80s? It's 90% of mainstream AI today. Activision was one of the major publishers prior to the video game crash. Today it has the largest share of the market. Just because some things fall out of favor doesn't mean all of them do, especially the most popular ones.

[astrodust]

If the only reason it's stratospheric right now is manipulation then it could be manipulated in the future to "recover".

[JonnyNova]

That wrongfully assumes the whoever is (if it is being) manipulating Bitcoin now will have an incentive to run another scheme again in the future.