This isnt just a bear market. BTC shit the bed and everyone saw it's a joke and how fucked it is. LN won't save it and normies aren't coming bsck
Massive BTC bullrun setup
Sebastian Ramirez
Mason Lopez
This flatness in price is worrying. This slow upward creep may not have the power to break through some important price levels.
Juan Phillips
This. Crypto is still just a small fraction of what tech stocks were in the 1990s-2000s. So it moves a lot faster and it's more volatile. Bitcoin and Ethereum already retraced 70%+, which is what you should expect when bubbles burst. This is the bottom,
Back in February-March, people were buying and immediately placing sell orders at 1-5% profit. I saw this happe all the time on GDAX and Bitfinex. All of a sudden, over the past two weeks people stopped placing sell orders after buying. Whales are buying and holding -- some are transferring funds to private wallets. As a consequence, shorting has ceased to be profitable. A lot of shorts are going to start closing their positions soon. This is the time to hold or add more to your positions.
Jackson Morris
>LN won't save it
proof?
Daniel Richardson
I hope so, I think we still need major Bitcoin news to kick start the bull run. I have no idea what that would be, but it would have to be huge.
Colton Watson
Etf in july
Caleb Reyes
4 month bear market is right in line with previous bearish periods for crypto. It's important to keep in mind the context when you think about what is and isn't a normal timeline. Crypto doesn't move like blue chip stocks. It has some similarities to penny stocks and forex but also it's own unique patterns in addition.
Gavin Hill
>missed the altcoin run from May-June 2017 wecause i was all in to shitcoins on novaexchange and yobit
>missed the ico 100xers in summer
>missed the bitcoin run form 5k to 20k as i was on in to shitcoins in poloniex and bittrex
>missed the december altcoin run as i was too scared to fomo at the top
>missed the opportunity to short bitcoin on bitmex
>now a already missing a head start to alt season again as im already all in a underwater short at 6666
I FUCKING HATE MY FUCKING LIFE. i ONLY MANAGED TO TURNED $500 TO $7800 AT ATL AND BARELY HAVE $3500. FUCK.
Nolan Clark
FUCK meant to start a thread reeeing but instead im in this fag thread
Jonathan Nelson
1. A functional lightning network
2. Increasing merchant adoption (e.g. Amazon)
3. More institutional investors buying in as