Bitcoin down 60%, page-2

How is the below a collapse
Early Feb 2017 $955.00
Early Feb 2018 $9266.00

  about 970% gain


Early October 2017 $5243.00
Early Feb 2018 $9266.00

about 56% gain



Early November 2017 $6527.00
Early Feb 2018 $9266.00

about 70 % gain

During the above period it has crashed and risen  several times . I use early November because the FOMO  buying was obviously   cranking up at that time . I think it had been occuring since  early October

Early October 2017  $5243.00
Early Feb 2018   $9266.00

about 56% gain

Early December 2017  $9650.00
Early Feb 2018 $9266.00

about 4 % loss

Early January 2018   $15,162.00
Early Feb 2018 $9266.00

about   63%  loss

This only raises the question what happened between October 2017 and Feb 2018. It is actually a period  widely acknowledged by both friends and and foes of Bitcoin as  a time when Dumb money raced into Bitcoin and crypto in general. It is seen as dumb money on three levels
1. It was money that had no understanding of what it was buying
2. it was buying because of FOMO
3. It did not have the intestinal fortitude  or even basic precautions to handle the high volatility that is the normal of cryptocurrencies


While I do not know if the dumb money has left  I suspect that it could go as low as $6K as this roughly lines up with the price when the dumb money started accelerating the price to a ridiculous speed . It is also  where TA practioners tell us there is a line of support
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