Am i the only one who thinks the crypto market looks like shit? At any moment the bottom could drop out and we lose another 40%.
Am i the only one who thinks the crypto market looks like shit...
Owen Barnes
Eli Davis
By them same standards, it could also pump by 80%
Christian Rogers
Certainly feels like it could go to sub 1000
Holding now feels like delusion
Mason Lee
Looks a bit like Ether's chart.
Jace Richardson
Blake Moore
>buying high selling low
I thought newton was smart? Why would he exit on such an obvious bull market?
Luis Thomas
the key difference being that crypto isn't a bunch of scurvy infested retards in boats
Jacob Lee
>I failed history
David Harris
>history is relevant
Jonathan Brown
Yeah but that's okay. The south sea bubble was an actual scam in a time where it was easy to fake any type of data. You have to look at the fundamentals, something with strong fundamentals can do a 90% nosedive and recover.
BTC is S&P500 in the 1930s
Landon Hughes
yes but that chart goes up
Wyatt Baker
So does this one
Liam Smith
Every volatile market is shit. When Tech burst in the 2000s a decades worth of growth when down the toilet in a month. It happened again in 08, and is going to happen again soon. There is no such thing as a perfectly "safe" trade.
Connor Young
>No one must associate Bitcoin with a Ponzi scheme!
Aaron Clark
being smart and good at something doesnt mean you're smart with everything.. this is basic
Cooper Kelly
>newton's friends get rich
Fucking clickbait labels strike again
Justin Wood
thing about crypto is right now there's no real confidence in it.
its more likely to go even lower then go higher.
and any highs you do see are just pump and dumps or market manipulation.
Ryder Edwards
That's how you know you enter depression
Colton Carter
It cant.
Nathaniel James
whaddya gonna do though? just ignore crypto and then one day hear how everyone getting rich again?
Isaac Martin
>whaddya gonna do though? just ignore crypto and then one day hear how the shit is fucking super dead and bottom in is confirmed?
Pretty much.
Eli Johnson
I always think at the bright side.
It goes lower? Great I can acumulate more
It goes higher? Great I have made money
Nolan Sullivan
I don't think so personally. We're still getting short-term 500% gains in some alts, and BTC has pretty static sideways movement with $8 billion volume. Also BTC is still up x3 compared to March during the year of the golden bull run, meaning year-on-year gains are still miles better than 99% of other assets.
People might say we haven't capitulated yet, but since the ATH we've had 6 major shake outs:
>> $20k to $13k
>> $16k to $13k
>> $17k to $6k
>> $11k to $6k
>> $10k to $5k
>> $6k to $3k
Almost everyone who bought near the top are out the game now or have given up. The rest are steely hands, new entrants or poorfags who don't care what happens to their few hundred bucks.
I think the bottom was November. There was huge pessimism late last year for months after the ATH dump and then another near 50% drop in the space of four weeks. Anyone who wasn't shaken out by that is unlikely to be shaken out by much else.
Cameron Torres
>tfw you are one of the steely hands who bought in 2016 or prior and have road the whole hype phase through to completion
Brayden Anderson
Newton is also an incel virgin.
Zachary Richardson
He bought?
Joshua Morris
*cel virgin
Colton Turner
It can.
Eli Jones
This isn't an argument. You could've made the exact same argument in November and more convincingly but replace 6 major shakeouts with 5 major shakeouts.
Ryan Roberts
Why does this look like every crypto chart ???