4 upvotes, 0 direct replies (showing 0)
View submission: Don't invest recklessly
People tend to get this weird idea that 10%+ increases per day are totally sustainable and that, worst case, it will probably only drop 20-50% in the case of a crash. People need to understand that a 90% drop is not only possible, but extremely likely based on previous bubbles.
Earlier today I saw someone say that you should buy now because if we get to $25k, it will only crash to $20k! No. If we get to $25k and it then crashes, expect to see a drop to ~$6-8k followed by a bounce back up a bit, then a very slow drop to $2.5k. This scenario has happened before. It might even be worse this time, who knows. Either way, you better be prepared for that to happen.
There's nothing here!