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Communications of the ACM

ACM Opinion

Crashing Crypto: Is This Time Different?

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Black and white photo of a smartphone being used to trade Bitcoin.

Those who bought cryptocurrencies relatively recently are probably badly positioned to handle the losses they've taken over the past few months.

Credit: Solar Seven/Getty Images

Though cryptocurrencies are currently way down, boosters will reassure you that this has happened before. Bitcoin, in particular, has always bounced back from previous dips, and investors who HODLed (held on for dear life to their coins, despite falling prices) have ended up with huge capital gains.

But there are reasons to believe that this time may be different.

From The New York Times
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