No FUD, no SHILL, let’s be real and have a grown up , intelligent debate about what is really happening in the crypto markets .
What is REALLY going on
Jayden Murphy
Brody Stewart
fart
Colton Evans
normies left. thats what happened
Benjamin Butler
>internet coins are actually not worth $20k
Angel Fisher
People made their money now Bitcoin will return to its intrinsic value of 0
Andrew Williams
Novelty wore off. We need real applications/innovations.
Adam Wood
Who would have guessed
Alexander Scott
The first big run was due to manipulation voxeu.org
Odds are it's still as manipulated as ever, so trying to predict it is a bit pointless. Unless whales decide they had enough and stop fucking with it, they'll raise everything up again at some point, it's just a waiting game until then.
Josiah Ramirez
1.Market manipulation by powerful players created an unstable price point
2.The tech was not ready for the normie invasion. The infrastructure wasn't yet mature enough to handle the huge interest spike so things started to collapse and scared everyone.
Robert Williams
Pretty much. The market crashed. Normies sold at terrible losses thinking, "what did I even buy?" Hype died down, and people realized they were just playing a losing magic internet Monopoly money ponzi game, so there is no interest anymore.
You think $5,900 was the bottom. Is this shit really worth $5,900? Bitcoin doesn't even work. Ethereum couldn't run a cat game without breaking. We're going back to the $800 range, then much lower.
Nathaniel Stewart
Goggle and Facebox have been telling the Normans that crypto is bad and being bad means someone will shoot up your movie theater so please be good and go watch black panther to boost our failing movie revenue
Eli Morris
>Bitcoin doesn't even work. Ethereum couldn't run a cat game without breaking.
Thanks for providing your credentials along with your predictions, very considerate.
Oliver Watson
people have realized that it is no longer likely that they will make money speculating on cryptocurrency and now the price is correcting... I think that part of the reason why there is so little corporate interest in cryptocurrency is that it's primary use has been as a way to provide a layer of identity obfuscation in illicit online sales (a story by cnn about the new visa product being used to trade in child pornography would probably result in billions lost revenue, etc). If the ideas behind cryptocurrency are ever adopted mainstream, it will probably be in a government project.
Carter Torres
Long term trend is still intact. A drop to $4-5k would be perfectly reasonable. A large move down and consolidation should be expected after a parabolic move up
Jackson Cruz
Exactly the same what happened the years before? It's not like this is new and hasn't happened 4 times already. Understanding the hype cycle is 101 crypto knowledge.
Easton Johnson
Good thread so far , just reading opinions . Wish there was more intelligent discussion like this on biz. Makes me miss the old biz .
Joseph Smith
$800... yeah right as one large hedge fund would buy the lot... do you even believe what you're writing? .......
Jacob Richardson
Boomer says we broke it
And he's been in this game for 40 years
This was... in JAN
RIP, not trying to FUD btw
Gavin Barnes
Found the (((anonymous))) FUDder
Fuck off with your faggotry, you think VISA works better than ETH? suck my cock
Parker Price
People always forget to zoom out.
It's certainly possible crypto is done for, but unlikely. There is too many jobs, inferstructure, and public knowledge about it right now.
As an oldfag, I tune out the hysteria. Its easy if you don't try to day trade during a sideways or bear market. Bull market day trading makes a lot more sense - alts pump and djmp daily, get in and get out.
BTC and ETH are at a very low price right now. I put some of my ETH money that I cashed out at $1400CAD back in today. 50/50 on BTC and ETH. Most of my holdings are in ALTs (mostly TRX I got at .002 cents, sold off about half during different periods).
Despite what this board says, you can never call the bottom or the top, you can just do your best. Do cost averaging, put in a percent of your fiat daily, and just relax.
Sebastian Anderson
Normies are gone. That money is never coming back. They got burned.
Isaiah Wright
People losing hope humans emotions are cyclical, jesus would come to earth tomorrow and after a few months of hype nobody would give a shit anymore unless it involves them directly and bitcoin is not really directly involving anyone unless they want to and no more new people wants or is trying to get involved btc is losing followers day by day
Ethan Sanchez
He doesn't exactly need credentials for what he posted. Did you see what happened to BTC's fees and delays when the number of transactions started rising from November to January? Did you see what happened to ETH's network during Cryptokitties? It's simple facts, none of these things are fixed yet, they're only less visible now since trafic is down again. Not saying they can't be fixed, but nothing has yet. A lot of these things are not ready for the prime time.
Eli Garcia
Adam Moore
bitcoin still on the mean, no reason to worry.
Jaxson Ramirez
Satoshi lied.
People died.
The end.
Jayden Taylor
i mean i think the thing about cryptokitties breaking ethereum is like common knowledge you don't need a phd to see that low levels of use cause network congestion that makes crypto systems in their current form unusable
Carter Roberts
Like I said, a move to 4k is perfectly fine. We just need some time to cool off and clear out the normies. When everyone is crying that btc is dead, that's the time to buy
Isaiah Reyes
Come on Trump. We want crypto ETF's. This is the next big thing. It just needs some love and support. He talked earlier about America not being the innovative country we used to be. Even said we're just about a third world country. What's best for business is crypto.
Cooper Garcia
>people lose interest after the bear market in January
>continious bleeding until June when whales wants to launch another bullrun
>FOMO kicks in and we’re back at 20k after Summer
Ethan Russell
fuck bitcoin I hope it never recovers it belongs in the dumpster after they killed it with segwit and lightning network
Noah James
Collectively, we're trying to find the absolute bottom (intrinsic value) of a BTC, and everything else is going along for the ride.
Josiah Fisher
I am years into Cryptos. They also said the exact same bullshit way back in 2014. Normies will come back and then get rekt again.
Ayden James
Bubble is collapsing. No one accepts bitcoin anymore so the true value disappeared. People only bought it to sell it off later on.
HOWEVER. True value adding companies are being set up now like Request Network that actually use the blockchain to destabilize old financial services such as accounting and that will most likely kickstart a new bullrun.
Matthew Gutierrez
I smell burning
James Fisher
You all shut the fuck up, nobody knows shit about this fucking market controled by aliens
David Jackson
MAYDAY MAYDAY
Aaron Davis
>that low levels of use cause network congestion that makes crypto systems in their current form unusable
Sure, but that's like the most trivial problem imaginable. It's like if the internet of 2002 had to deal with the volume from 2007 for a month. Just a case of upgrading the infrastructure. Which is happening at furious pace.
Sebastian Nelson
I just cashed out, but I'm going to keep a close eye on the market, I think it will very reasonably go way lower and begin its rise
Jeremiah Gray
You fucking tards are funny! There has never been anything like crypto and nobody knows what the price will be a year from now....so if you listen to any off these fucks you are an idiot...btc is only worth what it is good for....transfer of money user like.....so in my opinion it is definitely over priced ATM...but where the bottom is who the fuck knows
Connor Taylor
It was the chinks/jews/banks/ver/spammers/vitalik/miners, everyone except BTC.
Nathaniel Morris
You bitched about and made fun of normies who fueled the rally. Now you reap what you sow.