The trick you used here in the article is how you twisted the definition of 'volatile'.
You are simply using drawdowns which differ to what we actually call volatile - the price swings where it surges (pump) and plunges (dump) within a short period of time with parabolic intensity.
You also exploit the old Amazon -90% crash (during the irrational dot com bubble era where Amazon was hardly much of a book seller) to compare with bitcoin. Even though it's the same name, the business profile now has changed completely.
Indeed Bitcoin and cryptos has the most volatile price movement ever in human history.
Great job, Nick.
The trick you used here in the article is how you twisted the definition of 'volatile'.
You are simply using drawdowns which differ to what we actually call volatile - the price swings where it surges (pump) and plunges (dump) within a short period of time with parabolic intensity.
You also exploit the old Amazon -90% crash (during the irrational dot com bubble era where Amazon was hardly much of a book seller) to compare with bitcoin. Even though it's the same name, the business profile now has changed completely.
Indeed Bitcoin and cryptos has the most volatile price movement ever in human history.
Especially the alt coins.
Why is there only 2 drawdowns of >75% ?
There are at least 3 drawdowns of >80%.
April 2013, December 2013, December 2017.