Bitcoin comes at you fast
These articles in CNN are 3 days apart
You buy bitcoin, then before you know it, you're in a bear market.
Fast forward 3 days, and you are out of the bear market getting ready to push back towards new all time highs.
Bitcoin sure comes at you fast!
These two articles were 3 days apart from CNN:
(Source: https://twitter.com/DocumentBitcoin/status/1349818948078989312)
Perhaps CNN should be a little more thoughtful before they publish anything from here on out.
Technically dropping by 20% puts something in a bear market, but that is a traditional market, like the stock market.
Bitcoin has shown us that it is not a traditional market.
Maybe a 40% drop should be the definition of bitcoin being a bear market.
After all it has crashed more than 80% on several occasions and live to tell about it.
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