Shit bout to get real

Shut the fuck up retard. I'm obviously smarter than you. I predicted the downtrend correctly and as a result did not lose any money. I really don't need to read your irrelevant deluded moronic comments.

>custodial services
"hey i see you got an asset there that is no trouble or expense to keep first time in history it's completely safe and secure by a secret only you know and it not only stores value but almost every year greatly appreciated."
"..."
"so how about you give it to me and i for a small fee of course keep it for you?"

famous last words

Stfu, pajeet.

If you didn't notice there's a 2-3 year bear trend there where it drops over $100k kek

All of this is bullshit. The real fundamentals is this:

Is there a bunch of neets getting ready to pump their coin in their discord group?

Retarded, I agree, but these services will offer insurance against theft, hack or loss and boomers/old money/institutions will be happy to pay the premium to know that their money can't go poof just because they had a keylogger on their machine or just because their house fire incinerated their paper wallet.

Let's just ignore the bitmain ipo, bakkt and possible multiple etfs. They mean nothing.

Its absolutely fucking retarded that people think we are going to repeate the 2year+ bear. That was caused by Gox dying, a major even that took out the exchange that handled 80% of the fucking market. It was the life or death moment for early BTC. Now everything is coming to a head both in infrastructure, tech fundamentals, and institutional investors setting up tools for big and normie investors alike. There will be no 2 year bear, everything is coming to a head and shits going to blast off within the next 6 months.

>We have 1000x as many people driving improvement
the market cap is also 100x higher so your argument isnt really relevent desu

also kek at believeing in funamentals

youtube.com/watch?v=HSxECJNYPuA

This user gets it. It's almost like (((people))) want to crash it now to accumulate cheaply huh?

Let's get real, we are entering the Rekter phase

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btc is a vengeful and hateful currency... the only sense is that it will JUST bears just as bulls have been JUSTed.

20k by New Year. If you know bitcoin, this is the only realistic thing that can happen as everyone will keep REEing which is the only static variable.

Exactly. Plus the existence of high liquidity USDT pairings leads to extreme liquidity on a potentially accelerated timeline.

Scary to be selling now

You seen reddit or even threads here? People are continually calling it the bottom on their alts even days after a new low. Repeatedly. We're still firmly in denial.

trying to time the bottom is rough, but when we get there accumulate like a mother fucker in good projects that will rise back up and thrive.

"My investments are in great companies! They will come back"

Altcoin denial, yes. BTC is going to 70% dominance minimum in the next several months and people married to their shitcoins are in denial.

BTC, we're at what, a quintuple bottom now at 6k? Support is obviously there, even if we drop into mid-5s it won't stay there for long. BTC is at the end of depression.

nah we're still firmly in complacency
As long as shit stays above $6000, funds are safu. Wait for the next rally!

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This sentiment I can get behind. If ETF goes south then it will be a reinforced steel bear market. But if ETF goes all smooth then we will easily see 80% BTC dominance and several hundreds of alts simply cease to exist in a poof.

Unironically the bull market will not return until at least 95% of Jow Forums has rage quit and given up hope.

Jow Forums can be used as a pretty good measuring stick. Once almost everybody has sold it's going to spike and make everyone FOMO in again.

I don't see a bull market returning this year because people are losing hope way too slowly and not capitulating fast enough.

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no asset can fuck everyone at the same time

>my God Apple/IBM/ebay/severla other stocks went down so hard after the dot.com crash, better sell it now because Apple will never come back!

Yeah, it's why you do research o hedge your bet as much as possible in your favor.

Anons who bought and held say OMG or TRX are fucked.

BAT or other solid projects? Will be sitting pretty.

#HODLGANG

This 100%. Not enough people have totally given up. The numbers just don't make sense, its impossible for this many anons to make it. The weak hands have to be eliminated. Might take another year or two

If you're in alts then it should definitely be in actual coins, not ERC20. The great altpocalypse will be a purge of shit tokens. Most (legit) coins will make it through

I could be wrong but unless some big huge news happens that shock-paddles life into the market, or the capitulation happens soon, I don't see an end to this shit in sight.

I'm not buying anymore until I see this board become a fucking morgue

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*sips*
just the poison kicking in

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Do you realize how fucking difficult it is to pick an Apple out of all of the millions of shitcoins there are? It might not even exist at the present moment. And then you'd have to hold it for 30 years with confidence. Get fucking real. And I was just quoting the chart to show you're in denial because that's literally what it says beneath it. You have demonstrated without a doubt we are not in panic or depression. We are full blown 100% denial still. Nobody is selling and they're still putting numbers into a calculator to see how much they need to recoup. And even bigger morons are putting the numbers in to see how long til they're a millionaire. You guys are the reason there will not be a bull market for a long time.

>at the same time
no, btc takes turns, and soon its turn for bears to get fucked

>I'm not buying anymore until I see this board become a fucking morgue
That's a good strategy, personally I'm not buying anymore until my last buys are in the green. Running on 100% profits, but the 90% JUSTing is getting old. I just remind myself of what my port value is at ATH; call it denial - I call it I don't give a fuck

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There's also the issue of all the normies who got fucked in the ass when they FOMO'd in at the top. Lots of them actually took out loans and fucked over their family members. They became whale food and that money isn't capable of coming back into the market for a long time.

On the other hand, if more institutions start pumping money into the market, it could float it for a while.

My bias is that the market will return but not until more pain happens.

same is doubly true for btc. if you trade you lose.

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biz is already dead and that's with 50% of the threads being about link.

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You can tell a newfriend by all the

>muh two year cycles

Chart tards are the absolute worst of the retard tier. Actual events drove those markets, same as they are now. We're up about 6x in a year on LN, futures markets. Next year will be even better fundamentally than last. Anyone thinking we won't be 50k+ next summer is insane.

I went from doing ~0% of my business in BTC to doing ~40% in the last year. I'm probably 3-4 years ahead of the broader market, but they'll catch up and it implies a price of $1M

If you actually use BTC, you know it is better for a variety of reasons. Markets abhor inefficiencies. The rest will come where I have gone because it pays to do so. End of story.

not everyone is selling drugs online

This sentiment does not work for something as volatile as the crypto market. You can lose everything in an instant since there aren't any circuit breakers, bailouts, buyouts, etc. You can be stubborn and just continue to bleed out in both crypto and the stock market. You need to be patient with correct analysis. Sick of this quote being applied to every shitty decision. Imagine if you bought HMNY and told yourself this every day when it went from $2000 to 7 cents in a year.

The thing that worries me the most is that the dumb money / overleveraged money that FOMO'd in at the top got completely destroyed when the bear market happened, so much so that it's going to take most of those retards years to recover what they lost if they are able to at all.

Dumb money usually doesn't just disappear, but that crash was so devastating that I worry all those people who took out second mortgages and shit to buy BTC at 18k will never be able to climb back into the market.

The only hope we have are institutional investors to replace those retards, and all we have at best are rumors about it.

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no it's not about individual decisions. it's about trading frequency.

Nah, anyone who held will be up within the year. A few folks who went all in on scams, well, too bad. But if you bought bitcoin at 15k you are gonna be loving life as long as you keep it a bit longer.

btc will go up!

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I agree, but "within a year" would be extremely optimistic imo. I hope I'm wrong.

I don't think normies will forget about what happened when they bought BTC the first time, most people still see it as a giant scam. It's going to take a while for the market sentiment to reset and for people to forget and let by-gones be by-gones.

what happens after disbelief? does the world end?

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No. One year more of bear. Fall 2019 bull market will appear. The end of 2020 will be glorious.

Don't recall the entire banking industry FUDing HMNY then quietly setting up internal depts to deal with it while multiple ETF proposals were being made... but great analogy.

Unironically this

>not selling
>you're why we're not in a bull market

Do you even supply and demand?

True bottoms start when it becomes cheap enough for the demand to be there. Since this is happening incredibly slowly because a bunch of mouth breathers misinterpreting Buffett quotes it will take a long while.

Don't bother. He's a total brainlet.
>muh it's impossible to pick the apple of crypto. Well, it's bitcoin, fucking retard.

This is actually one the most retarded things I've ever read. Congratulations. That's like calling the Nasdaq Apple.

bitcoin adoption is dying on every possible metric.
Blocks have lots of empty space now.

kekked
this but we're in for a huge 2-year dip desu

difficulty adjustment

turns out, 99% of people couldn't give less of a shit about "be your own bank!"

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To be fair he didn't say "impossible" he just said "fucking difficult" and "might not even exist at the present moment". And I agree. I'm acutely aware I may have pissed my $ away but I didn't pick my cryptos out of a hat or based on reddit shit so I will find out.

Good thing I only invested $ that losing 100% of won't really affect me.

Didn't someone once say "Be fearful when others are greedy & be greedy when others are fearful.'?

This graphic spells Trough wrong.

i dont know of a single person who is panicking. everyone i know is scrambling to get loans and more credit cards, to buy as many cheap coins as humanly possible before we go tot he moon again

You know some irresponsible people.

>This time it's different!

Brainlet.jpg

Since shitcoins like iota or vechain are still top 50 i would say we are entering denial for altcoins.my altcoins are with good companies, but ppl are slowly waking up.

The only good project is bitcoin you deluded altfag

bitcoin had a shot at adoption but core killed it.
LN blah blah. It had _one_ shot and that was in Nov-Dec. 8MB blocks wouldn't have killed anyone and bitcoin would be able to handle the onslaught of new users.
Instead more adventurous normies were met with >$100 fees at the peak. Absolute disaster.
Bitcoin use is newer coming back. Every crypto-related project either uses eth (possibly with layer 2 scaling like loom) or uses another platform. Nobody is building anything on btc.

good think there's still ~8 years of good block subsidies 12.5 6.25 3.125 for adoption to start gaining

So, time to buy?

More than all stocks in the world combined xxxddd

eth is dying right now and the blocksize debate is being proven right more and more everyday

Lmao. Keep spouting your random bullshit, retard.
I bet you think you're a financial expert.

I don't know about people being that zealous, but there are definitely too many "buy the dip" fags still on Jow Forums for me to say we're firmly in panic.

I think we need a good flash crash of 20% or so in a single day for people to really start shitting their pants.

and how do you know how many people are still on biz? because its slow as fuck. like 100x slower than it was in december.

December was so fun. Someone would throw out the name of some shitcoin and you'd buy it and make 20% gains in day.

>I think we need a good flash crash of 20%

if you are in alts like still over 50% of all crypto holders that is every day for you

>dying
eth is actually mildly congested. Total daily fees are 6.36x bitcoin's. That's like the opposite of dying. There's constant unrelenting economical demand to use it - the _only_ crypto platform with that property.

sync a node and then we'll talk

>comparing productive enterprises that actually generate growing cash flows based on innovative consumer products to abject shitcoins that produce nothing of tangible value and entitle you to no legal claim on the cash flows should they actually produce any

Holy shit kill yourself

>the _only_ crypto platform with that property.
Delusional

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>he thinks Apple popped into existence as a 1T company.

t. brainlet

You can't build anything on blockchains other than currency. Ethereum is a scam for late adopters to get more BTC.

I'm not so sure. I'm feeling pretty depressed.

fucked if true

How often do you people even browse Jow Forums? All I see is scams being shilled and pink wojack threads. The discords I am in are fucking dead. This same discord had hundreds of messages by different posters every day. Now it's like 10-15 of us shitposting and saying how we lost everything in this giant suckers ponzi.

"We" = the people who got lucky last summer. The "We" who didn't get lucky are way down on their initial. Anyone here from December is long past wrecked. People are going to parade this fucking chart around until "We" are the people who got in in 2016. It's ridiculous.

Or are we just capitulating when we hit pre-tether values?

I have a fully synced node. All problems are propaganda. It's true that you need a ssd though.
Free transactions are worthless. Would you pay to post an upvote on steemit? No. Therefore it's worthless.
Last time I checked almost all eos transactions were even worse intentional spam with 'ddos' memo.

>platforms that normies can actually use are worthless
the absolute state of ethereum bag holders

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Explain how do you profit from holding steem if steemit.com gets more popular.
You don't. There's no connection.

EOS is a _little_ better because dapps actually have to pay in some form for use, but it behaves purely like a paas (eg. heroku) in that regard, a market in which it can't compete.

You said the platforms are worthless, not the tokens. Steem tokens are valued based on the simple supply and demand. EOS tokens are valued based on the computational resources that they're tied to, as well as vote competition from block producers.

The economics behind the EOS token is actually pretty ingenious, especially now that they're implementing resource renting which decouples the value of the token from network resource prices.

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The value of the platform is market cap of the tokens,as both steemit and eos require tokens to have value to work. They can't be separated.
That's not ingenious, that's admitting to failure. They are instituting fees.
Once that happens it's going to be possible to see the value of all these transactions.