In 2008, the Dow dropped from 11,000 to 7,000 over the course of several months. What did we call it? A crash. When bitcoin drops from 20k to 10k (now trading around 14k) over the course of one day, optimists call it a "natural market correction"
So you're saying the crash is no big deal because it was a bubble anyway?
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Are you talking about BTC or 2008? Depends what you mean by "a big deal" — both are obviously notable. 2008 was a horrible event in which a lot of people suffered through no fault of their own. Haven't yet heard of any huge negative impact of the BTC "crash".
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And for disclosure, I have BTC I bought in Sept, which are still worth 3x what I paid for them. I have no plans to sell any time soon.
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I'm saying: when a corp is young w/ few shareholders and the stock price swings significantly due to low vol/liquidity, do you call every big drop a crash? How about when an older corp w/ many shareholders & high vol/liquidity sends shareholders running for empirical biz reasons?
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