Be honest...

Be honest, how many of you who are down on your initial investment just want to get back to break even and get out of crypto forever? Literally all my normie friends who bought crypto are just looking for an opportunity to get out (if they didn’t sell already). None of them seem to believe in crypto long term. I hate to say, but I can’t imagine how another major bull run can happen with so much sell pressure on the way up.

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just ask yourself who would buy btc at 100k?

We haven't capitulated till $2000

I bought chainlink at 10c and sold for $1
laughing gorrila man.tiff
youtube.com/watch?v=fdpEAyrKwvU

i was a dumbass that bought at the last run - went in with what i saw as a lower risk undervalued xlm mid-december. Bought at $0.14 so still comfy

Seen this FUD multiple times. Try again shill fag

Who would even buy at 15k?

we don't need your dumb friends to have a bull run, all we need is a few ultra rich people. but they aren't going to do it when it's convenient for you, they have patience. tell your friends to sell ASAP btw if they don't believe in (understand) crypto. We need people like that to get out at current prices.

That's what they said about like 99% of all alt coins last year that ended up breaking their previous ATH. That's what they said in 2014 as well (no one has any reason to believe I am an oldfag but i advise you to dig through the archives and see for yourselves). This break-even-bagholders is fucking stupid in actuality. And even if it were true, after the bagholders dump the hypothetical pump would continue. You think whales don't factor in bagholders when they are accumulating the consolidation zones?

O please user tell me how many BTC did you friends buy?!
Was there even one whole BTC that any one of them bought?!.

Your friends with 100-500$ BTC holds are irrelevant.

I only need a 3x on my low cap coin to be ahead again.

Just wait till greed kicks in

I'm down on my initial investment but absolutely will not sell without a significant profit. This was never about making some pocket change, that's what the stock market is for. This was a high risk move to try to make an insane amount of money. I'll ride it until that point or into the ground.

chill, this thres is a meme, everyone that's still on Jow Forums knows btc will bottom out above 100k$ after the next cycle

Most of my friends are upper middle class/upper class. A lot of them bought 10k-50k worth. These are the kind of people that fueled the last bull run.
The main difference is that a lot of the December buyers were completely clueless normies. In 2014 most people didn’t know about crypto currencies, most people do now (to some extent) and think it’s a scam/ponzi/bubble.

im still up about 100x from my initial investment of 150 buckeroos last year when btc and all the other shitcoins had their rallies and i sold everything i had back in january when btc was at 14k
now im basically just waiting for btc and the other shitcoins to find their bottom and to buy back in
feelsgoodman

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feelsgood? i'd probably kms. i'm only at 10x and still have a hundred thousand more than you, you could have been a millionaire at this point

pretty much this desu. in 2014 bull no one was talking about crypto really. but the 2017 one it was literally on every major news station, facebook instagram snapchat, buzzfeed all over reddit, coinbase #1 app on the appstore etc. etc.

desu i didnt really have more at the time and considering i was 17 and i made that much im proud of myself
>you could have been a millionaire at this point
true but now its just a waitings game and the next cycle will start eventually (or not i guess everything is possible at this point)

im down 50% from initial but I dont think ill cash out once its break even

but it does depress me that I have to 6x my coins just to break even, while other people are buying in right now and will be up 600% while I barely recoup my losses

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This guy gets it.

How is BTC overvalued? How could you objectively determine that as true.

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I am not because I got in on BTC at $1000. Sold it for Link and XRP at 0.17 and 0.28. I am in the green by a large margin.

Bitcoin died when China took over. The Western world will make sure China and normies are left holding the BTC bags while (((endorsing))) other cryptos that will x5-x10.

Bitcoin is dead anybody who got in after Sept 2017 are the laggards and the bagholders. Anybody who still defends Bitcoin is emotionally invested to the point where they are drunk on hope.

Bitcoin came and went and most people missed the opportunity to make a shit ton of money. The normiest of normie people I know bought Bitcoin in fucking January 2018.

>Muh not 1% of people own bitcoin!

That assumes every single person will eventually want Bitcoin that is pure fucking hopeful delusion.

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What is BTCs use and how well is it doing at it?

You can't easily use it
It's expensive
You can't store anything on it
Mining is 80% centralized so it isn't decentralized
Lead devs are selling other chains to companies because BTC is so useless by their design
Store of value meme is failing

I could go on

Fomo'd npcs

Objective symbol representing energy and value, finite digital information.
It is doing fantastic, people are paying over $6,000 for a single one, and Bitcoin's hashrate is higher than ever, meaning Bitcoin is more secure than ever.

You should read more about market cycles user and Wyckoff in particular. Basically the whales sell on the way up, by the time BTC hit 20k many whales had taken huge profits. The crash is normies selling, the reason your hypothetical scenario won’t happen is because by the next bullrun there won’t BE any bagholders left since whales are reaccumulating on the way down, then they pull their btc from the sell orders and BTC moons because the supply is lower and they pump it with some of their profits from right now, then normie a finally FOMO when it hits ATH, and then the dump repeats. It’s all rather banal desu

>just ask yourself who would buy btc at 1k?

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>all we need is rich people to pump the price of this shitcoin

the absolute state

It doesnt need to be 6K to use it. If anything that's worse because of higher fees. Same thing with coins that will be adopted. Some of them may never even moon because they wont need to.

initial: 1 btc
ATH 9 btc
lowest: 1.7 btc
current 5.6 btc

I wish it would hit 6k and stay stable +/- ×% / month so it could actually be used as money. I'll never accept it in my business until it's a real store of value.

its time to be honest with ourselves. we are NEVER going to get our money back or break even, and theres NEVER going to be another bull run. it was a one time thing. theres no reason for any of this shit to ever go back up.

I bought in only this month because it finally looked stable. I haven't lost any more than with my traditional ETFs so whatever.

It would be nice if it did turn in to party hats years later but I'm not in any hurry.

After going 100x last year I'm now down to my Initial investment

Can't help but to laugh hysterically sometimes thinking of the poor souls who got justed on this magnitude I would unironcially kms

>he didn't buy LINK at ICO price
Heh. Too bad.

I'd settle for permanent dollar parity, or anything really. $1million per coin, whatever. Just anything but moving from $100 (the last time I posted on biz) to $19k and down to $6k (now that I post on biz again).

It's un-fucking-usable like this and will forever be pretend money until the shit gets somewhere and stays there.

7x initial, bought first time in sept 2017.

I don't think there will be another bull run until these shitcoins actually start having real world adoption and are actually in demand due to real world use rather than pure speculation, or at least some more credible speculation that they will no shit actually be getting used sooner rather than later.

This will be the last bullrun where sizeable gains are made. Then everything will have much less volatile prices as their real world values are more or less figured out.

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When will Jow Forums learn this simple lesson ?

?

fuck off retard

Then your friends are idiots. But I guess once it rises they get greedy again

>when will Jow Forums learn that a few autists have more purchasing power than whales with 90% of the money

whenever it stops being a fantasy

They are normies and will fomo in again, when cryptos reach next ath.

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I was going to buy in January but never did and still haven't. I keep procrastinating because this kyc bullshit on markets puts me off

that's because crypto in general is not an investment, it's speculation.