Bitcoin/crypto is down over 70%? Historically has this been a good buying opportunity? I checked Bitcoin using the Robinhood app and saw a scary looking chart. This made me want to see what Bitcoin has done historically after a 70% drop or more.
It is interesting to note that the worst drawdown over this period was 84.86%. Currently Bitcoin is down 75.12%. This means for Bitcoin to match or exceed its worst drawdown previously it would still need to drop 39.1% or more from its current price. I think this is important to note. Should it drop more this still wouldn’t be unusual. It would be wise to be mentally prepared for something of that nature.
Patience to Invest 