alt Hacker NewsNot really, no.
A decade ago it was under $1000 and has never been that low since. It's peak price is only about 2x the current price.
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thisisit • yesterday at 3:30 PM
There is some misunderstanding of what a crash really is. It doesn't necessarily mean that things get written down to 0 or some arbitrary level because everything has a price at which someone will buy.
Even companies have some value after a crash and you could make a case that at some arbitrary point it was worth $x and since the crash didn't cause the company to crater to below $x it has not "crashed". Even companies filing for bankruptcy have some residual value above what they might have been founded on - it doesn't mean the company hasn't gone bankrupt.
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Isn’t a 50% reduction pretty bad?
And being higher over 10 years has little to do with it if acts counter cyclical to stocks and other assets.