Crypto has crashed – can it bounce back?

The growing demand for currency not controlled by the government is undeniable. Only a matter of time. But this time, hopefully less irrational exuberance for alt-coins that serve no purpose besides speculation

I sold my BTC late Jan 2021 for around $30k. Everytime ppl say it has crashed since then, the price is still hovering around 29-30k like the universe is playing some sick joke to me.<p>So no it hasnt crashed yet. Let me see under 10k, then we can talk.

It has <i>&#x27;crashed&#x27;</i> for the 990th time. And?<p>Do you know what? I hope after what happens to Tether, Bitcoin crashes even further below $20K and below $15K and then several years later, it will bounce back &#x27;up&#x27; again.<p>It has to go down first before it goes &#x27;up&#x27;. So I hope it crashes again and this time you do not buy in at $69K. [0][1]<p>[0] <a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=27206314" rel="nofollow">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=27206314</a><p>[1] <a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=31351130" rel="nofollow">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=31351130</a>

A number in a computer has <i>NO INTRINSIC WORTH AT ALL.</i> It&#x27;s merely a <i>promise</i> of money. Its worth depends on the integrity of others. No integrity, no money.<p>If you can&#x27;t hold anything in your hot little hand or touch it, <i>it doesn&#x27;t belong to you.</i> That gold of yours in the Bank&#x27;s safety deposit box? That belongs to the Bank. You want proof? Just try to get it out at midnight when the Bank is closed.

If this is a crash, crypto has already won.