If you still haven't bought back in

are shorting the market or considering selling you are a complete idiot to not be able to clearly see this market has reached its depression phase. it's only a small matter of time before the recovery kicks into overdrive except this time we have 4-5x the amount of market partipants

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But I'm still accumulating

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I think it's closer to the anger phase, I see lots of angry bagholders looking to find someone responsible for their loss.

yeah, we're at anger

reddit grouphugs about people who got loans to buy at $19k, lawsuits being launched, etc.

we have a few more months of sideways until bakkt/etf/LN/next round of upgrades, then we're going to start mooning in anticipation of adoption as world currency

2018 will be the year where all the smart money finally knows 100% that bitcoin is inevitable

Yup moon is always juuuuust around the corner, pls buy my bags (please I'm desperate)

yes true. hold most bitcoin. it still the King. this time is about learning the market and great projects around. if you track the price everyday, you'll end up selling lower

Bump

no. look at reddit. its the ultimate normie indicator. we are around panic or capitulation. the top posts on r/cc now are people talking about their loans that they took out and how much money they owe.

He's right about the bottom. He's not right about the recovery. There won't be much more than some wiggles in the next 6-12 months

I think we are here somewhere.

rock bottom from now on will be somewhere from 4 to 6k. Somewhere at the EOY we will ride the eternal bull through rainbows into the sun.

We re all gonna make it. Our age will be remembered as the 4 digit price age.

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exactly
however we can dip lower (sub 4k) if tether / binance scam / other event of this scale will occur which is unlikely

Can't wait to unload my December bags.

you will hodl like the greedy goblin you are. this is your only way of making it. it will go far past 20k.

>then we're going to start mooning in anticipation of adoption as world currency
delusional

you can use it already as a world currency. you can exchange into any major fiat.

very useful if you make it and travel the world

What exactly makes that less likely than some event that causes the market to "kick back in"?

because therefore the have to be money invested in crypto.
nobody is doing that. literally nobody. everybode is sitting on their bags and as soon as it rises again for like 20% all the bags are going to be sold.
crypto will never be great again and if somebody thinks that btc will be 10k+ again he is just stupid.

I wish. But I am more sceptic than you guys.
We are likely still in denial phase.

you certainly are

i think that's wrong btc always did double peaks before this is just the first summit, before the long slumber we make a second summit between $50k and $200k.

next summit when?

eoy or 2019 and there will be a short ramp up then the mania hits again. if it starts to move up slightly each month for 3 months that's your signal to buy.i expect to bleed in september and then after it starts. could be wrong about september tho.

>

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This. I have a feeling that we're due for one final crash, below that 5800ish triple bottom support level that everyone keeps talking about that. Once we break that, the final panic will set in, we will probably crash to about 5k before the slow slow run up begins

I'm with her

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I think we will be going sideways for a few months between 8000-5500 range.

Why do you keep forgetting there are still huge % gains since 2016? That chart is terribly wrong for that reason alone.

We’ve barely hit panic m8

Mom I called someone delusional again!

How long do you panic irl? Some months with no end or what? Panic is a short timed part of the cycle and I guess a drop of 70% within days may indicate panic, no?