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Comment by Sentino | Hacker News Reader

I'm not sure why you read the numbers different than I do but your provided link shows a loss of 2/3.

And is that really a lot of money in a global sense?

it depends how you read it? do you look at the global picture. the last "crash" happened after the market reached a peak of 700B value. today the market is worth more than that even after crashing. my point is that the crypto market shows crash-resilience unlike anything else that has actually crashed

For those who bought Bitcoin at around $60K - $40K it is indeed a giant crash from its previous high which it has lost 60% of its value. It is possible that if can crash another 60% to $10K, taking the whole crypto market with it. But we'll see.

> > my point is that the crypto market shows crash-resilience unlike anything else that has actually crashed

Yes. Crypto has had many 'crashes' but it seems that it isn't going to completely go away as wrongly predicted in 2011, 2013, 2015, 2017, 2018, 2019, 2021 and now 2022.

But again, as the commenters still fail to notice, the whole market (including crypto) has crashed.

if you bought into the predominant sentiment on HN (imminent crypto collapse) in 2018 and sold you would have had some serious losses. if you held your position you would have made some serious gains

> It is possible that if can crash another 60% to $10K, taking the whole crypto market with it. But we'll see.

judging by the past week, it doesnt look like it

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