Bitcoin's value had fallen by around 70% from its peak in late 2017 as of October 2018.
Resolved true The record shows it happened or was so.
Factual: Statements about the present or the past, checked against the record: did they hold up?
What would count as true or false
Compare Bitcoin's price around 15 Oct 2018 with its late-2017 peak (about $19,000–20,000 in mid-December 2017). True: the decline was about 65–75%. Mostly true: the decline was 60–65% or 75–80%. Mostly false: the decline was 50–60% or more than 80%. False: the decline was under 50%, or the peak was not in late 2017.
Set before the research began.
Evidence (4)
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E1 Bitcoin Price October 15 2018 | StatMuse Money StatMuse · 14 October 2018
“The closing price for Bitcoin (BTC) on October 15, 2018 was $6,596.54. It was up 4.8% for the day.”
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E2 History of bitcoin - Wikipedia Wikipedia
“17 December 2017 | $19,783 | Price rose 5% in 24 hours, with its value being up 1,824% since 1 January 2017, to reach a new all-time high of $19,783.06.”
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E3 Bitcoin hits new all time high close to $20k, driven by institutional buying Yahoo Finance · 17 December 2020
“Bloomberg, using terminal data, pegs it at $19,511; CoinDesk, the bitcoin news site, lists it at $19,783; CoinMarketCap, the data partner Yahoo Finance uses for our cryptocurrency charts, says $20,089, while the crypto exchange BitMEX says $20,093”
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E4 Bitcoin is close to bottoming, cryptocurrency expert says CNBC · 5 October 2018
“We're down about 70 percent from our highs, so I think that bitcoin is close to bottoming and so is the rest of the market,”
Reasoning
E1 gives Bitcoin's closing price on 15 October 2018 as $6,596.54. E2 and E3 put the all-time high in mid-December 2017 at about $19,500–20,100, depending on the data source. Measured against those figures, the drop was about 66–67%, which falls inside the criteria's 65–75% band for a true verdict. E4, from early October 2018, separately describes the market as "down about 70 percent from our highs."
Cite this claim
Nouriel Roubini, “Bitcoin's value had fallen by around 70% from its peak in late 2017 as of October 2018.” (said 15 October 2018). Verdict: resolved true. Reliability API, claim c_18e85852f41a, method 0.1.0+c876030c, dataset release v1.1.2. https://epistacklabs.com/claims/c_18e85852f41a
This claim is in dataset release v1.1.2, with the same verdict.
Reply to this claim
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Verdicts are made automatically; how verdicts are made.