>we haven't bottomed out after a 90% loss
Imagine the state of bears shorting this shit right now.
We haven't bottomed out after a 90% loss
Yeah this crypto game is elastic jumps long slow drops
Time for a bounce
Remember most of this board = some veterans/good traders but mostly new ones FOMOing in trying their last shot at "making it" in life. Those are the ones making the majority of the 1k bitcoin FUD/shitcoin shilling
If biz has taught me anything, is that what the majority of anons and normies catches up to, it is the time to go otherwise.
20k to 6k
>every1 hodl!!!1! it's going to recover
>iron hands
>longed at 8k!
>this is a correction
After it has gone 90% down to 3k
>it's time to short!
>gonna fill my bags at 1.8k
>can't wait for eth at $40!
>bear market is barely starting
Fucking sheeps.
Exactly, the only smart thing I've seen people post about recently is DCA investing during the bear market/treating your bitcoin wallet as your savings account.
At least when bitcoin goes up again there are plenty of alts we can sell off, I have only been trading crypto since 2013.
Yeah, I have my bags ready to go and more fiat waiting if something weird happen and this goes down again.
>trading since 2013
doing it wrong
ur just supposed to x10 or x100 your initial investment and get out of it not "trade" it
There's a simple reason I'm still bearish. Look at Bitcoin SV, it has a BILLION dollar marketcap but has no product, just heaps of promises, patents and other bullshit. No company with no product would have a billion dollar valuation. Too many coins are floating along with Billion+ market caps and nothing substantial behind them.
>After it has gone 90% down to 3k
>>it's time to short!
>>gonna fill my bags at 1.8k
>>can't wait for eth at $40!
>>bear market is barely starting
Go on twitter search, and search "bitcoin bottom".
Lets see how true your statement is (hint: most people think we ARE at the bottom)
one scam project among 1000s weve seen already doesnt make much of a difference
I've been a NEET for 12 years and have been a whale since 2011
Futures/margin trading are stupid, more money less stress from putting 10k on binance and just playing with bitcoin and tether.
That doesn't worry me. There will always be shitcoins no matter what point in time. Actually more, as this grows, since everyone will want a piece of the cake.
Also stop believing so much in crypto market cap. It is just price*supply. Volume and demand are far more important.
ITT: bulls trying to convince themselves they aren't dumb money
Oh and lul stop being a degenerate gambler and you won't need to 100x your order just to have 1/10th of my 2-5x order
>dumb money
>already 12x since we hit bottom in december
How are these shorts doing?
Realistically, how low can it go? Everybody would buy up the order book from 2k-3k. It can drop to these levels but anything beyond is just retarded. And who gives a fuck about a -50% on top of a -80% already. Best thing to do is just DCAing. Worst case is you lose another 50%. Best case is you win unlimited % with redacted coin
>brings up imaginary shitcoin gains in a discussion about btc bottom
not a bearfag but I guess we will see at least one more legdown to 3600-3800.
Remember: we touched 4k every month since November
buy into the rally then, idiot
Fair enough. I really don't care too much about BTC, only that it still drives the market sentiment overall. Have fun shorting still.
Yeah a sideways market is expected. Though after a while we will slowly crawl up until around the date of the halvening. This is post-mtgox all over again.
You can also trade shitcoins you know. Many have done 3-10x since december.
I felt like this when we were at 6K. I seriously expect this to touch 2500$ even if it's for a brief moment. Wouldn't be buying just yet.