Were only 6 months in to this bear market. The last one last almost 2 years:)
Daily reminder
>People actually believe this
>this time it is different
bro accept our fate there's no comeback
>Mt. GOX hack
>Comparable to anything ever
This is more like the run to just over a thousand dollars, and then back to the hundreds.
We are coming and we are coming in waves.
>then back to the hundreds
deluded, dont bet on this prediction, im bearish but i believe in a 1k 2k bottom
>institution money just waiting on the sidelines
>not realizing they are already shorting their ass off.
last one started with MTGOX though
The problem was the first spike was purely drugs and silk road, the bear was caused by the feds shutting down silk road. Then the Chinese started mining it and that causes another bubble, only to burst. These two spikes are completely unrelated and the bears in which they've created were for different reasons too.