RE: Current Bitcoin Drawdown Resembles that of the Nasdaq in 2000

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Current Bitcoin Drawdown Resembles that of the Nasdaq in 2000

in bitcoin •  7 years ago 

Looking to history, especially the NASDAQ, isn't worth very much when we're talking about bitcoin right now. I do coincidentally believe that crypto is going lower, and we might see a huge rally when banks start to collapse or high/hyperinflation sets in in countries with larger economies.

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Why isn't looking at NASDAQ worth much? Just curious. :-)

Historical data might fit nicely a lot of the time but it's what happens after the convenient fit that's important.