In absolute term, size of biggest correction so far is about $17k
london red 07:54:46 GMT - 02/23/2021
before bitcoin broke 20k, corrections were 50-75% then new high.
fwiw what is the diff between bitcoin and bitcoin cash?
nothing except 3 things. bitcoin cash transacts 8x faster and transaction charges are far far smaller. so in theory its better? yes it is. so shouldnt it trade like 8x the price of bitcoin? or maybe bitcoin should be 1/8 of the value of bitcoin cash (roughly $550 now). and why is it not there? simply because more people are buying it. and what happens when they stop? it goes to the value of 1/8 of the price of bitcoin cash, since that one is technologically superior.
so be v fking careful with bitcoin.
Macau Steven 03:44:14 GMT - 02/23/2021
Use 30-35% correction, if any
hk ab 03:17:14 GMT - 02/23/2021
Steven//presume you are the bitcoin expert here, where would you add your bitcoin in this correction?
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