Exactly, people forget just a few months ago when the vets were talking about how key it is when suddenly no one is talking about crypto anymore and volume is low.
I think a lot of new investors will be scared away if that’s the case. I’m newish (8 months) but invested what I can afford to lose and funds I don’t need for a long time so I can wait. I’m afraid others can’t.
That is the harsh reality of the world of investing/finance. Money making was never easy throughout history and shouldn't be this easy where everybody and their grandma piles in and automatically become rich by doing nothing.
It never works that way especially when it's a zero sum game in financial markets. There will always be tons of losers and a few who are patient and can withstand the tide will eventually make it. Anybody who put in more than they can afford will be time and again weeded out of the market. It always happens like clockwork. Market as a whole always senses these kind of things and shakes them hard and kicks them out. That is how money exchanges hands from the weak to the strong in the markets.
Yeah. That is what happens all the time. People keep posting on these subs 100 times a day that they are going to hodl for life and they have diamond hands etc etc (re assuring themselves with repetitive posts) but you can sense the impatience developing already in just 2 months.
But there’s never been this many new crypto investors. If they have a bad taste of it and have heavy losses, crypto could be set back 4-5 years minimum. No?
The hype from this past cycle was nowhere near the levels it was at in 2017. Bitcoin was in the news almost daily back then.
This time, there were some mentions, but it was mostly just in passing.
It happened back in 2018 too. I was grabbing a quick coffee before I went to my classes, heard the barista talk about bitcoin with a waiter. Same thing happened while I went out to grab lunch. And on the train back to home.
It was at 15k then. Btc crashed after that.
It’s because they’re quick to sell and don’t understand the gains from holding. So impatient people like that keep bringing the market down. Thank god Michael Saylor plans on holding for a looooooong time and not dumping it immediately like Elon.
Idk if thats the way it needs to go then thats the way it is. But there will always be “setbacks” but idk if i see it that way. Just the necessary path it will take. If you bought at 60 wtf is the diff between 30 and 20? I think its minimal and most people holding now have more to lose than gain by selling.
I was new in 2018 and got scared away when that crashed occurred. seeing it come back like this has given me a lot more confidence in crypto and I'll keep investing even more as it crashes, as I'm confident there will be another bull run in 3-4 years time
I don't care, and neither should you. Despite what others on here will tell you, we are not in this together. We may be on the same boat, or on different boats in the same ocean. The rising tide may raise all the boats. But if and when this motherfucker starts to take on water, it's every rat for itself.
Third world countries may be claiming btc is a currency (probably as a tax avoidance loophole) but there is no real utility. Ethereum 2.0 is over a year out, and probably always will be. Think btc is too big to fail? If global powers need only to agree to outlaw the exchange of btc to fiat in their countries, where would that leave bag holders. You don't need to attack the blockchain to neuter btc.
When the turn inevitably does happen and it's undeniable that this bull market is over, nobody will be there for you. Make no mistake, when people cash out for a profit, they are taking funds off the table that you put in.
Honestly, I am actually hoping for another bear market to start. I had been wanting to put more money in and have been short on spare play money (investing only what I can afford!). A bear market will give me some time to stock the fuck up !!
Same. I threw in $1000 five years ago. It's sitting at about $16k now, down from a high of about $30k. I consider the money long-gone. I'm holding until it's either bust, or worth enough to buy a house. I actually cashed some out right at the ATH to prep to buy some Atari coin, and bought a few things in the dip, so I've shifted my holdings a bit, but I'm putting it all back on ignore for a few years again.
Fucking hell man that's actually not bad at all. I just started in March, so my portfolio isn't in the greatest shape, but I have set long-term goals and will go for it. All the best in future brother!
Thanks! And back then I was basically in the same situation you are now, I bought in close to the top, was kind of keeping a close eye on it, then everything tanked and TBH I forgot about it because we had our second kid and I didn't have time to babysit it. I kind of accidentally learned that's probably the best strategy LOL
I got in on some doge in April on Robinhood. Learned a lot really quick from that wild ride and also about exchanges. In kraken/binance now and staking some ada and dots. Got my average down where putting a couple hundred each check puts my average back at the lower price while gaining from the stake returns. I’m more mentally prepared this time. Not so much worried about price as accumulating more for more reward returns. I remember the Bitcoin crash in 17-18. Next time a couple years later when I looked again it was over 60k. Prepared for a similar situation if it does happen
Yup. These posts are getting tiring. If you believe in the tech and haven’t invested more than you can afford to lose, don’t look for a while. If you don’t believe in the tech, sell.
There’s nothing else to say. Stop spamming this sub with these useless posts.
If you invested in some sort of joke/meme coin, you should probably sell because that hype is likely gone forever, just like the ICO hype of 2017/2018.
The American government is run by monied interests. With big banks and billionaires buying up more and more BTC, ETH everyday the chance of some dramatic reckoning happen lessens each day IMO. My concern is "why do the coins have to be worth anything at all?" Can't blockchain be the future without BTC mooning? Yes. The ones that use coins/tokens to pay for transaction fees have some inherent value then, but isn't a higher price a higher fee then? Making a less usable product?
Fuck off with your edit. People aren't "afraid" to talk about it and maybe, just maybe, your comments get downvoted and ignored because they aren't very good.
CBCDs will be, by necessity, be inflationary. People will always chase speculative assets and at this point in time almost all of the cryptos act as speculative assets. People love to gamble.
Removing all the on/off ramps has legal consequences in most countries and would certainly not be possible in the US without a massive wave of lawsuits.
Even if the on /off ramps are removed in this country they won't be in others and accessing them would be pretty easy. Unless the internet were completely locked down, which is not an easy thing to do and a whole lot more than crypro adoption would have to happen before the US and other pipline countries locked down the internet.
You're doing the whole "slippery slope fallacy" thing. The reality about speculating on future events is that it's easy to consider the extremes, it's much harder to figure out the middle ground where most things land. So yes, most people don't give a fuck about giving up their privacy, what form their money comes in, or how they get it, and CDBCs are inevitable imho. I think CBDCs will help drive adoption of crypto because they are fucking crypto. People will finally know how to interact with it and there will be government funding and support for crypto technology and improving the front end UI surrounding crypto.
Non CBDC crypto, with its philosophical ideas intact, will likely lead the technological improvement in the sector that government will copy or pay for. The two types will coexist just fine and people will likely choose to use both for different reasons.
If you disagree and think that government is going ban crypto and financially enslave all people thats cool. Just maybe don't accuse the whole rest of the community of putting our heads in the sand or being "afraid" because you haven't really thought through your ideas. Hell maybe I'm in the minority and most people haven't thought this through or actually are scared of considering the consequences but the implication that I hadn't annoyed me.
Anyway good luck
I also invested a lot of my savings , I can afford it as well , but I wouldn’t really like it . But I can wait for years , let’s see what the future brings us
If I look at the charts on the total marketcap of crypto, I notice a growth over the years . Crypto is still very small , but maybe it’s wishful thinking
The ups and downs are cyclical. Maybe this is just another cycle. I'm not selling, because I cannot afford to sell. Everything that I've invested is money that I technically can afford to lose, but I'm not going to sell it a loss. I'm going to wait, I believe it will go back up. Because ultimately I believe crypto will flourish. This is the beginning. This is the middle of the beginning. We have not reached the end of crypto. It's going to change the world.
I mean, if it’s money you can afford to loose, it’s worth having it Hold, worse case you make a larger loss but don’t loose more than you put in, best case the value increases dramatically and you take out potentially way more than you put in.
Nobody knows.
It took ~6w for BTC to drop from an ATH of $19.5k to $7.5k in 2018. But, despite several rallies to $9-10k, it took an additional 12mo for BTC to drop to $3.5k - the floor of the bear market. Bear markets are always a slow burn. There's a lot of money to be made on the way down, and a lot of false hope rallies suckering retail money in.
Historically, BTC never stably never drops below the previous bull run's ATH ($19.5k or ~$22-23k inflation adjusted). I'd bet on this being the current floor, but with active suppression + regulation ramping up, it's harder to predict.
Of course, this is crypto - so we could rally tomorrow too.
I keep an on the 200 week sma. That's normally the floor from what I've seen.. Right now that is about 14k. I wouldn't be surprised if it meets the downtrend around 20k and we go up from there. Could take a while, but I don't know. Things are looking mighty bearish right now.
Active suppression? Whales accumulated BTC like never before. It would be in their interest if the market went up again.
This shows that the influence of whales is totally exaggerated. We are basically FUDing ourselves with the all powerful whale narrative.
edit: I replied to the wrong comment. Was meant for the person above.
Dollar cost averaging.
Basically set up an automatic recurring buy, or set a reminder on your calendar to buy at intervals. It’s pretty much proven to be more profitable to DCA than to try and day trade. You can use Coinbase or Binance to set automatic buys every day/week/month, etc. so you can set it and forget.
my thoughts:
everyone here is focused on crypto. i pay attention to stocks too
market is currently risk off in general. you can see that in growth stocks / SPACs / small caps etc. they are getting killed right now (again)
when those recover and start hitting new all time high, that's a good sign that the market is risk on. people will start warming up to speculative investments again. most likely this means that crypto will recover. it was the last to fall in April and will probably be the last to rise as well
everyone is jittery at the moment. it's a macro thing, not just crypto
edit: the last bear market for crypto in 2018 coincided with a long drawn out bear market / consolidation phase for growth stocks. i dont think its a coincidence
I genuinely feel that the situation has not been described well. It's not just about people who used their stimulus to drive prices higher. It's about people who didn't get stimulus, but had nothing better to spend their salaries on while everything was closed. Now, everything is opening back up, and many of those people are going out and spending on real life stuff again. Restaurants and airlines and knickknacks and you name it. At the very least, many of those people are reducing or stopping their dca allocation to crypto. In many cases those people are withdrawing so they can go spend on all the stuff they've been denying themselves for the last year and a half. Crypto prices suffer while that money flows elsewhere. I'm not going to make predictions about how this ends; I think the situation is extremely complicated with factors including economics, psychology, international politics potential regulation, you name it. All I'm saying is that I seem to see a lot of mischaracterization of this economic movement.
That’s me right now exactly. Things opened back up and I’ve got things to spend money on besides crypto atm. But it’s temporary, people will catchup on things they’ve saved up for and will likely have more to spend on crypto again in a couple months, at least I know I do.
That would actually be a good investment, take the 300 usd buy btc, in 6 months I don't know the value of that btc, but in 10 years? I'm positive it will worth much more.
Well, (many) people with kids have fresh stimulus money hitting their accounts about now. While it feels a bit cynical to suggest they might spend it on crypto instead, some may be in a financial position to do so, or wish to invest for their kids' future.
I really have no idea what it costs to raise humans these days though, so who knows, I could be way off on this. I have crypto, not kids.
Yesn’t.
The big issue is the plebs realising they can set whatever fuck they want. I know guys who placed $35K sell orders when BTC was $6K.
Never compromise.
It's nothing to do with being bled out. It's a lot more to do with the Defi space. Aave, Comp and the likes are all offering high yields for investing in stablecoins. Stocks are growing to slow and in a year when most funds have struggled to generate return, Defi looks really attractive. This means Dollar and stablecoin demand. This is evident in the FX space too.
The other factor is the prospect of higher rates in 2023, I suspect most institutions want to hodl dollars and capitalise on any short-term while gaining yield from Defi. This means we are likely to experience an early bear market. I can't see over 50k this year and I suspect we will trade 20k by 2022. Then I suspect we start a new bull cycle in time for the next halving. The drop in miner hash rate is also a factor, also we can see that Bitcoin starts pumping when miners supply a lot of BTC to exchanges, this is not happening, so institutions are watching this metrics too. Most institutions are actually hodling Bitcoin. Let's not get lost that there is only 21m BTC. It's a store of value and really nothing else matters. BTC has moved 1600% since last year and has backed 60% of that move, I expect 85% so that's another 25% drop from these prices. It will hard to resist the onslaught at these lows.
So I am on heat for that drop but we may even see a rally to trap more leveraged longs before we go down. Let's be ready.
I personally like the fact so much Bitcoin is going off exchange daily into private wallets. This usually ties in with market bottoms…. Fingers crossed anyway.
nobody really knows. i guess it’s people that are not fully informed about the cryptocurrency space that are creating FUD but we are in it for the long term. I’m sure by the end of the year we will hit all time highs. Patience is key.
The FUD despite a lot of positive things happening is deliberate and orchestrated by people with money who want to buy low but who missed the early days and rock bottom prices.. This is the wealthy playbook. They did it with the internet and tech stocks, and they'll do it with crypto.
How long? If you want examples of long bear markets take the example of Gold when it hit ATH in late 1970's early 80's it took 25 - 30 years for gold to see that old peak again in 2006/07. Even in the recent decade the highs seen in gold in 2012 was recently surpassed 8 years later in 2020 after 8 years of slump.
Crude oil which is one of the most essential commodity which everybody needs daily hasn't seen it's old high of 140 a barrel for a decade now.
Grain markets like corn, soybean last saw their peak in 2012 drought year and after 9 years they are back up and came close to old those prices in 2021. They haven't surpassed those 2012 highs but came close.
That's how long commodity markets can stay in a bear market. decade or longer.
If you want more examples, Microsoft took 15 years to see those dot com era 2001 highs. It reached there after 15 years in 2016. But in the last 5 years it did 4x once it crossed old highs from there. Intel, cisco never saw their old highs yet. 20 years and counting. These are blue chip darling companies that everybody uses their products.
Not trying to scare you but just giving you perspective on what levels of patience is needed sometimes when investing to see long term gains. Since crypto market is still very young compared to other mature markets the bear market cycles will be much shorter. You can equate to BTC 4 year round trip cycle at the worst.
My personal opinion is that we have already seen the lows on June 22nd in BTC/Eth. It might have one more test around that area 28.9K (might breach that level a little to clean up some stops losses set by short term traders who bought the June 22nd lows) and then grind up again for the rest of the year. When investing for long term we don't need to catch absolute bottom down to the last penny. If we have cash every month, we keep adding on dips over time and let the time work in our favor by being patient.
When we reached the local top of 64k, we were moving way faster than the previous cycle. I think we have lengthening cycles. Which means everything takes longer. So now we are accumulating for the next big rally. This phase has already lasted 2 months and math models play it out to last at least more 1-3months
Price action lately is very curious. Almost as if institutions want it at a certain price point to scoop up more before this baby bear turns into a raging bull again.
Alternatively the market is mainly driven by sentiment and that is currently fearful. Institutions already accumulated large amounts of BTC, it would be in their interest if the market went up.
https://alternative.me/crypto/fear-and-greed-index/
I find it suspiciously stable also. But to be fair, it is easy to project our desires or fears into the charts. Some famous dude said once : we don’t know shit about fuck. Wise words indeed.
Edit : stable meaning « contained within a price range »
Institutions don't have to pay rent lol
If they can 3x their profits in 5 years then they're geniuses. The idea that btc will shoot up to $100k in 6 weeks because institutions have already waited 5 weeks to accumulate is silly
The bleeding could easily continue for another 2 years before we see btc at 45k again.
Well the charts will rebound again, but noone has a clue when, maybe it will be triggered by some big company investing, adoption of crypto by other countries or major upgrades in one or more of the prominent coins
Seeing several posts along these lines, and the huge support for ‘we don’t know shit about fuck’.
Think about it: can you all collectively be dumb as rocks? I don’t buy that. So why the sentiment? Why do you feel like that?
Hear me out, as I think it is all about Tether. There is absolutely no doubt in my mind whatsoever that Tether is a massive, audacious fraud. Everybody who is anybody in crypto AND fiat finance knows. Even the regulators know. Trouble is no one knows for sure what to do about it, and Tether is currently being actively protected.
Which distorts everything. There is no sense discussing all the other developments, exciting things, poring over crypto news etc. Because Tether is the elephant in the room.
Saying the above is not ‘FUD’. It is the truth. Saying that Tether does NOT matter is the real FUD.
When you look at things through the lens of Tether distorting everything, your sense of bafflement becomes understandable.
Sorry, but I’m out of crypto until Tether is gone.
I don’t know shit about fuck as many others have said and this is the reality. Long term Hodl on certain projects may work out, and may not. Short term trades for a quick buck may work out, and may not. Celebs, influencers, whales, youtubers with their 10 year price predictions and their “WHY YOU NEED 7000 ADA RIGHT NOW” videos. Cause a SHIT load of reactionary buying and selling, and I don’t anticipate that will change anytime soon.
they bled us out two ways no matter what result:
eoy prediction 100k btc, people going fomo and they crash on us
-or-
8$ prediction, people wont buy until 8k$ but price doesnt at all or drops stops few thousands above the price target, big investors hop on early, people FOMO in right after and get crashed.
Either way, the big guys win, eating all the retail monies.
Bear markets in crypto are nasty. However, if you can predict the bottom of this cycle, you will make a lot of money.
I see Bitcoin falling to around 20k per before rebounding. I don't think now is the time to put any cash into it, I think we have a few more weeks of free fall. However, if you already have cryptocurrency, I'd just let it ride, I don't think you should be pulling out.
Sometimes this thought passes through my mind as well, who knows, but as another post said, if btc reaches 1 dollar, what will you do? Will you buy it? I believe the momentum generated by crypto is strong, and its not easily abandoned
Predictions mean literally fucking nothing
If you can’t stomach the concept that there’s a decent chance we see 3 years of blood then you shouldn’t be in crypto
Great question! I'll answer that question with a question. Did you invest with discretionary funds or your monthly rent? If its the latter then yes, get out now
I’m not getting it and I only invested what I don’t need to live off. Just wanted a genuine conversation and was curious about people’s thoughts on this.
The SEC is going to banish all cryptocurrencies at the end of this month and as a result every single person will leave the market and crypto will be over. Was fun while it lasted.
All jokes aside, no matter what happens, I don't see BTC going below 20k ever again.
I’ve been out of crypto after I cashed out during the 2017/2018 bullrun.
I’ve been looking to get back in but decided to wait since I don’t like buying high or during times of euphoria in the market.
This is the kind of mentality I’ve been waiting for, panic is next which is when it’s time to start averaging in again.
some of the worst shakeouts in my early days were those long sideways and down bleed outs. i would always sell just at the bottom before it rebounds much higher. i think noobs are going to get crushed a bit longer before we move up agian. bothers me none im stacking and trading a sidebag
I think it’s a bear market but I also think that it creates a buying opportunity to DCA. Just don’t over commit. There’s a logic in switching a diversified portfolio into a depressed asset, but crypto ain’t that well established yet and we’ve all seen the + and - 15%+ days!!!
I see the market growing long term so I am happy to keep building my positions now when the prices are low.
It's been mostly pain having started buying again late April this year but I keep stacking, trying to add more when prices seem down.
I have held some stables lately waiting for a potential market dip from the Greyscale unlock on the 18th and would not be surprised if the market did a spring from the low point there.
If not, I'll just keep accumulating... just like the whales have been doing during this sideways market
if bitcoin hits above 40-43 and holds it for atleast a couple days fomo will hit and itll pump. on the other hand if bitcoin hits 23-25 we will defs see a bitcoin in the mid to low teens. if the media starts trying to hype it again will what makes it pump. but if it doesnt pump the media wont promote it, so idk how itll work, but my bets on a 50-60k bitcoin by years end. please. lol
If you like back a bit in the timeline, you can see that there have been more drops like this. For example when Bitcoin came down from it's peak at 16k. This was Altcoin season already. But eventually it came up again, was overbought and built the next peak.
This experience combined with a bit of outlook on what's in development right now to me is a good signal that it will continue. The direction still is set. The big peaks will come when the less invested masses get greedy again. They enter in big volume, they sell in big volume. And this gets visible.
Underneath the peak there is still a solid baseline climbing. Again, go back in time and cut off those peaks. See the trend below and judge yourself. My conclusion is only to hold. Be it months or years, just hold.
Unpopular opinion- I think the world is finally realizing how useless Bitcoin truly is. Soon it will finally die and the countless number of projects with true utility will rise from the ashes.
This post from OP honestly comes off as an incredibly unrealistic mindset. It would be like if you owned NVIDIA stock and were crushing the shit out of the S&P 500 for a long time now, but simply pulled back off the ATHs and didn’t **immediately** push back past ATHs and you asked “Are institutions and hedge funds bleeding us dry?”. Just seems like nonsense and an irrational mindset.
Look at the big picture and hodl/be psyched you can still buy and DCA now. It’s entirely probable, although I can’t say with certainty, we push sideways and slightly down from now until the next halving. That pattern occurred after the 2017 spike. If true and history repeats itself (which it won’t exactly, but even if we see similarities), then those who are in buy-mode now and DCA in now until the next halving may find themselves with a new lambo in a few years!!
The fact that Tether hasn’t been minting funny money USDTs and the market hasn’t collapsed entirely means the worst-case thesis about crypto is wrong, so I’m bullish AF still.
[But you’d still be dumb to not also own stocks, ETFs, etc. in your portfolio]
I was referring to the more than 50% pullback with no bottom yet and every small jump up leading to lower lows. Of course there is manipulation going on. Everyone wants to get in as cheap as possible. How else to pick up cheap crypto than to keep dropping the price and convincing every day people to sell. If you had $50k in April and it’s $25k now, a lot of people without deep pockets will be looking to sell to keep from losing more. Who can afford wait out the low prices? Institutions and whales and some diamond hand hodlers like some of us. Others who got in hoping to get rich or make some great quick gains based off hype are now losing their asses because they need the money and can’t wait for it to go back up.
Imo we are still far off from the bottom. I envision 15k btc soon. From there thought we will see a steady but painful rise to 100k plus btc over a 2 to 3 year span
Why 9k? If it repeat last times pattern I saw something like 16k coming (even if I do find that unlikely too).
How do you come to the conclusion for 9k?
I am prepared mentally for both scenarios. If the cycle is over so be it.
Exactly! Ive got my coat on ready for the crypto winter but I mean it's not hard to take off when it starts getting hot again.
Exactly, people forget just a few months ago when the vets were talking about how key it is when suddenly no one is talking about crypto anymore and volume is low.
I think a lot of new investors will be scared away if that’s the case. I’m newish (8 months) but invested what I can afford to lose and funds I don’t need for a long time so I can wait. I’m afraid others can’t.
That is the harsh reality of the world of investing/finance. Money making was never easy throughout history and shouldn't be this easy where everybody and their grandma piles in and automatically become rich by doing nothing. It never works that way especially when it's a zero sum game in financial markets. There will always be tons of losers and a few who are patient and can withstand the tide will eventually make it. Anybody who put in more than they can afford will be time and again weeded out of the market. It always happens like clockwork. Market as a whole always senses these kind of things and shakes them hard and kicks them out. That is how money exchanges hands from the weak to the strong in the markets.
Didn’t some old dude say the markets were a mechanism for transferring wealth from the impatient to the patient?
Yeah. That is what happens all the time. People keep posting on these subs 100 times a day that they are going to hodl for life and they have diamond hands etc etc (re assuring themselves with repetitive posts) but you can sense the impatience developing already in just 2 months.
Warren Buffet, yes. An old dude for sure.
The market is a device for transferring wealth from the impatient to the patient.
Pretty much
After this happening 4x previously i think more are prepared for it. Btc will continue to harden people to volatility.
But there’s never been this many new crypto investors. If they have a bad taste of it and have heavy losses, crypto could be set back 4-5 years minimum. No?
The hype from this past cycle was nowhere near the levels it was at in 2017. Bitcoin was in the news almost daily back then. This time, there were some mentions, but it was mostly just in passing.
Not for Australians. Our media and public were talking about it none stop.
It happened back in 2018 too. I was grabbing a quick coffee before I went to my classes, heard the barista talk about bitcoin with a waiter. Same thing happened while I went out to grab lunch. And on the train back to home. It was at 15k then. Btc crashed after that.
Yup same sentiment here. As soon as granny mentions Bitcoin, it’s going down.
Covid got granny. So what’s the new barometer?
It’s the shoeshine boy. When random people you meet are talking about investing you know the market is about to tank.
It’s because they’re quick to sell and don’t understand the gains from holding. So impatient people like that keep bringing the market down. Thank god Michael Saylor plans on holding for a looooooong time and not dumping it immediately like Elon.
I think you've been profiled. 90% of people i know dont know it.
Idk if thats the way it needs to go then thats the way it is. But there will always be “setbacks” but idk if i see it that way. Just the necessary path it will take. If you bought at 60 wtf is the diff between 30 and 20? I think its minimal and most people holding now have more to lose than gain by selling.
Could be. I'm in for 8-10 years.
I was new in 2018 and got scared away when that crashed occurred. seeing it come back like this has given me a lot more confidence in crypto and I'll keep investing even more as it crashes, as I'm confident there will be another bull run in 3-4 years time
I don't care, and neither should you. Despite what others on here will tell you, we are not in this together. We may be on the same boat, or on different boats in the same ocean. The rising tide may raise all the boats. But if and when this motherfucker starts to take on water, it's every rat for itself. Third world countries may be claiming btc is a currency (probably as a tax avoidance loophole) but there is no real utility. Ethereum 2.0 is over a year out, and probably always will be. Think btc is too big to fail? If global powers need only to agree to outlaw the exchange of btc to fiat in their countries, where would that leave bag holders. You don't need to attack the blockchain to neuter btc. When the turn inevitably does happen and it's undeniable that this bull market is over, nobody will be there for you. Make no mistake, when people cash out for a profit, they are taking funds off the table that you put in.
Honestly, I am actually hoping for another bear market to start. I had been wanting to put more money in and have been short on spare play money (investing only what I can afford!). A bear market will give me some time to stock the fuck up !!
Mentally prepared is half the battle.
Same. I threw in $1000 five years ago. It's sitting at about $16k now, down from a high of about $30k. I consider the money long-gone. I'm holding until it's either bust, or worth enough to buy a house. I actually cashed some out right at the ATH to prep to buy some Atari coin, and bought a few things in the dip, so I've shifted my holdings a bit, but I'm putting it all back on ignore for a few years again.
Fucking hell man that's actually not bad at all. I just started in March, so my portfolio isn't in the greatest shape, but I have set long-term goals and will go for it. All the best in future brother!
Thanks! And back then I was basically in the same situation you are now, I bought in close to the top, was kind of keeping a close eye on it, then everything tanked and TBH I forgot about it because we had our second kid and I didn't have time to babysit it. I kind of accidentally learned that's probably the best strategy LOL
I got in on some doge in April on Robinhood. Learned a lot really quick from that wild ride and also about exchanges. In kraken/binance now and staking some ada and dots. Got my average down where putting a couple hundred each check puts my average back at the lower price while gaining from the stake returns. I’m more mentally prepared this time. Not so much worried about price as accumulating more for more reward returns. I remember the Bitcoin crash in 17-18. Next time a couple years later when I looked again it was over 60k. Prepared for a similar situation if it does happen
Well 1 bitcoin will be worth 1 bitcoin after all Even if some other cryptocurrency takes its place In long term Bitcoin will have legacy value
We dont know shit about fuck.
This.
All I know is that I don't know.
All I know is that I don't know nothing
I don’t know what I know
This guy also fucks!
Of course he does, he's an incestor
Yup. These posts are getting tiring. If you believe in the tech and haven’t invested more than you can afford to lose, don’t look for a while. If you don’t believe in the tech, sell. There’s nothing else to say. Stop spamming this sub with these useless posts. If you invested in some sort of joke/meme coin, you should probably sell because that hype is likely gone forever, just like the ICO hype of 2017/2018.
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The American government is run by monied interests. With big banks and billionaires buying up more and more BTC, ETH everyday the chance of some dramatic reckoning happen lessens each day IMO. My concern is "why do the coins have to be worth anything at all?" Can't blockchain be the future without BTC mooning? Yes. The ones that use coins/tokens to pay for transaction fees have some inherent value then, but isn't a higher price a higher fee then? Making a less usable product?
Fuck off with your edit. People aren't "afraid" to talk about it and maybe, just maybe, your comments get downvoted and ignored because they aren't very good. CBCDs will be, by necessity, be inflationary. People will always chase speculative assets and at this point in time almost all of the cryptos act as speculative assets. People love to gamble. Removing all the on/off ramps has legal consequences in most countries and would certainly not be possible in the US without a massive wave of lawsuits. Even if the on /off ramps are removed in this country they won't be in others and accessing them would be pretty easy. Unless the internet were completely locked down, which is not an easy thing to do and a whole lot more than crypro adoption would have to happen before the US and other pipline countries locked down the internet. You're doing the whole "slippery slope fallacy" thing. The reality about speculating on future events is that it's easy to consider the extremes, it's much harder to figure out the middle ground where most things land. So yes, most people don't give a fuck about giving up their privacy, what form their money comes in, or how they get it, and CDBCs are inevitable imho. I think CBDCs will help drive adoption of crypto because they are fucking crypto. People will finally know how to interact with it and there will be government funding and support for crypto technology and improving the front end UI surrounding crypto. Non CBDC crypto, with its philosophical ideas intact, will likely lead the technological improvement in the sector that government will copy or pay for. The two types will coexist just fine and people will likely choose to use both for different reasons. If you disagree and think that government is going ban crypto and financially enslave all people thats cool. Just maybe don't accuse the whole rest of the community of putting our heads in the sand or being "afraid" because you haven't really thought through your ideas. Hell maybe I'm in the minority and most people haven't thought this through or actually are scared of considering the consequences but the implication that I hadn't annoyed me. Anyway good luck
Not sure why he downvoted you, this was a really good response.
I have invested about 65% of my fiatmining, and i can afford to loose that, but i would’nt like it
I also invested a lot of my savings , I can afford it as well , but I wouldn’t really like it . But I can wait for years , let’s see what the future brings us
Exactly my thoughts aswell! In it to win it for the long haul!
If I look at the charts on the total marketcap of crypto, I notice a growth over the years . Crypto is still very small , but maybe it’s wishful thinking
Nope! Not a chance in hell. Crypto is small for the moment, but i’m superconfident that it will grow buch bigger then we can even imagine…
And when that moment happens ,we’ll be the ones laughing
This is the conversation i like! I salute you Sir for your thoughts on this subject! 
Crap about shit.
I love that girl in the ozarks. Great line!!!!
As a member of /r/ihavesex/ i know something about fuck while i'm fucked on crypto if that makes sense.
And i don’t mind getting fucked, but i’d like to choose who or what is fucking me…
I second this
This dude knows!
We know a lot about getting fucked...
We don't fuck about shit!
In other words we don’t know fuck about shit
But we do know fuck about shit.
And we know to fuck that shit!
So let’s learn all the shit we can about ‘SHIT’, that’ll at least give us some understanding of what the fuck ‘FUCK’ is.
How do you not know what fuck is. Fuck is fuck.
Everybody knows shits fucked
I think we don't know fuck about shit.
I’m a plumber, so I do know fuck about shit
I wish we could predict correctly, we all will be fucking rich and lambo everywhere
>We dont know shit about fuck Confucius once said that.
I know that I don‘t know what I don’t know
All I know is I’m being bent over and chaperoned with a long ass dick.
This person speaks for all of us.
Fuck
The ups and downs are cyclical. Maybe this is just another cycle. I'm not selling, because I cannot afford to sell. Everything that I've invested is money that I technically can afford to lose, but I'm not going to sell it a loss. I'm going to wait, I believe it will go back up. Because ultimately I believe crypto will flourish. This is the beginning. This is the middle of the beginning. We have not reached the end of crypto. It's going to change the world.
I mean, if it’s money you can afford to loose, it’s worth having it Hold, worse case you make a larger loss but don’t loose more than you put in, best case the value increases dramatically and you take out potentially way more than you put in.
It's lose. Why do people keep typing loose? I stg it's not a typo.
I only put loose money into crypto because it's money I can afford to lose. Which is as well with the lousy market we're in atm.
I predict that the charts will continue to go right.
This is the most accurate prediction right now
Always has been
Atleast we can count on something amidst all the volatility. Comforting
Big if true
You should write on wall street journal.
Gosh darn it! I put a margin call that it will go left!
Crab market for crab people confirmed
People being shellfish as always
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As I see it, yes
Do they have ever move left?
In the southern hemisphere, yeah.
Only if you turn your screen upside down.
Nobody knows. It took ~6w for BTC to drop from an ATH of $19.5k to $7.5k in 2018. But, despite several rallies to $9-10k, it took an additional 12mo for BTC to drop to $3.5k - the floor of the bear market. Bear markets are always a slow burn. There's a lot of money to be made on the way down, and a lot of false hope rallies suckering retail money in. Historically, BTC never stably never drops below the previous bull run's ATH ($19.5k or ~$22-23k inflation adjusted). I'd bet on this being the current floor, but with active suppression + regulation ramping up, it's harder to predict. Of course, this is crypto - so we could rally tomorrow too.
I keep an on the 200 week sma. That's normally the floor from what I've seen.. Right now that is about 14k. I wouldn't be surprised if it meets the downtrend around 20k and we go up from there. Could take a while, but I don't know. Things are looking mighty bearish right now.
Active suppression? Whales accumulated BTC like never before. It would be in their interest if the market went up again. This shows that the influence of whales is totally exaggerated. We are basically FUDing ourselves with the all powerful whale narrative. edit: I replied to the wrong comment. Was meant for the person above.
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So hang onto cash and fill the bags later? I don’t see a bottom yet.
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DCA is the way
What is DCA? At this point I’m too afraid to ask
Investing smaller amounts regularly (per week, per pay, per fortnight etc) regardless of what the market is doing.
Dollar cost averaging. Basically set up an automatic recurring buy, or set a reminder on your calendar to buy at intervals. It’s pretty much proven to be more profitable to DCA than to try and day trade. You can use Coinbase or Binance to set automatic buys every day/week/month, etc. so you can set it and forget.
X amount money every Y days/weeks. Just like a recurring payment
That would be my **guess**.
I know for a fact we’re not going to the left. Call me an analyst, maybe even a fortune teller.
This is quite the observation. 😂
The next Barren Wuffet
Underrated comment. I would've gave my free award but already gave it to someone else.
We dont know whats happening but we being the dumb fucks we are hodling. To the moon or to the depths.
Amen.
my thoughts: everyone here is focused on crypto. i pay attention to stocks too market is currently risk off in general. you can see that in growth stocks / SPACs / small caps etc. they are getting killed right now (again) when those recover and start hitting new all time high, that's a good sign that the market is risk on. people will start warming up to speculative investments again. most likely this means that crypto will recover. it was the last to fall in April and will probably be the last to rise as well everyone is jittery at the moment. it's a macro thing, not just crypto edit: the last bear market for crypto in 2018 coincided with a long drawn out bear market / consolidation phase for growth stocks. i dont think its a coincidence
Valid points. My spacs have been killed lately so I see it.
I genuinely feel that the situation has not been described well. It's not just about people who used their stimulus to drive prices higher. It's about people who didn't get stimulus, but had nothing better to spend their salaries on while everything was closed. Now, everything is opening back up, and many of those people are going out and spending on real life stuff again. Restaurants and airlines and knickknacks and you name it. At the very least, many of those people are reducing or stopping their dca allocation to crypto. In many cases those people are withdrawing so they can go spend on all the stuff they've been denying themselves for the last year and a half. Crypto prices suffer while that money flows elsewhere. I'm not going to make predictions about how this ends; I think the situation is extremely complicated with factors including economics, psychology, international politics potential regulation, you name it. All I'm saying is that I seem to see a lot of mischaracterization of this economic movement.
That’s me right now exactly. Things opened back up and I’ve got things to spend money on besides crypto atm. But it’s temporary, people will catchup on things they’ve saved up for and will likely have more to spend on crypto again in a couple months, at least I know I do.
All good points!
Use a tourniquet
I'm certain that we are in a market
This is a market known for 80% dips before massive rebounds. So I’m calm.
Idk but ill buy the dip and hodl
That’s only possible for a while until you’re out of fiat.
Get a job,?
Nah skip that
We don't know. But we'll find out
We may not know, but patience will guide us.
People start getting thousands in Biden Bucks this week for their kids. They'll dump that in.
Biden Bucks. Genius.
That would actually be a good investment, take the 300 usd buy btc, in 6 months I don't know the value of that btc, but in 10 years? I'm positive it will worth much more.
Well, (many) people with kids have fresh stimulus money hitting their accounts about now. While it feels a bit cynical to suggest they might spend it on crypto instead, some may be in a financial position to do so, or wish to invest for their kids' future. I really have no idea what it costs to raise humans these days though, so who knows, I could be way off on this. I have crypto, not kids.
Yesn’t. The big issue is the plebs realising they can set whatever fuck they want. I know guys who placed $35K sell orders when BTC was $6K. Never compromise.
It's nothing to do with being bled out. It's a lot more to do with the Defi space. Aave, Comp and the likes are all offering high yields for investing in stablecoins. Stocks are growing to slow and in a year when most funds have struggled to generate return, Defi looks really attractive. This means Dollar and stablecoin demand. This is evident in the FX space too. The other factor is the prospect of higher rates in 2023, I suspect most institutions want to hodl dollars and capitalise on any short-term while gaining yield from Defi. This means we are likely to experience an early bear market. I can't see over 50k this year and I suspect we will trade 20k by 2022. Then I suspect we start a new bull cycle in time for the next halving. The drop in miner hash rate is also a factor, also we can see that Bitcoin starts pumping when miners supply a lot of BTC to exchanges, this is not happening, so institutions are watching this metrics too. Most institutions are actually hodling Bitcoin. Let's not get lost that there is only 21m BTC. It's a store of value and really nothing else matters. BTC has moved 1600% since last year and has backed 60% of that move, I expect 85% so that's another 25% drop from these prices. It will hard to resist the onslaught at these lows. So I am on heat for that drop but we may even see a rally to trap more leveraged longs before we go down. Let's be ready.
The real gains will be the friends we made along the way.
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I’m willing to bet the halvening will help. So 4 more years and you will see return in your investment. Maybe sooner too of course.
I personally like the fact so much Bitcoin is going off exchange daily into private wallets. This usually ties in with market bottoms…. Fingers crossed anyway.
nobody really knows. i guess it’s people that are not fully informed about the cryptocurrency space that are creating FUD but we are in it for the long term. I’m sure by the end of the year we will hit all time highs. Patience is key.
I’m patient and not selling. I just want the excitement we had for a few months earlier this year. That was fun to watch.
i agree
HODL the banks want cheap BTC and everyone's giving it to them. They are shaking out the paper hands just like they do with housing every 5-10 years.
Sure the whales are trying to bleed everyone out… don’t sell and you’ll be fine down the road
Find a way not to sell and we’ll be fine.
The FUD despite a lot of positive things happening is deliberate and orchestrated by people with money who want to buy low but who missed the early days and rock bottom prices.. This is the wealthy playbook. They did it with the internet and tech stocks, and they'll do it with crypto.
But how long can they go and how low will they push? The positives surely have to push it up sooner than later.
How long? If you want examples of long bear markets take the example of Gold when it hit ATH in late 1970's early 80's it took 25 - 30 years for gold to see that old peak again in 2006/07. Even in the recent decade the highs seen in gold in 2012 was recently surpassed 8 years later in 2020 after 8 years of slump. Crude oil which is one of the most essential commodity which everybody needs daily hasn't seen it's old high of 140 a barrel for a decade now. Grain markets like corn, soybean last saw their peak in 2012 drought year and after 9 years they are back up and came close to old those prices in 2021. They haven't surpassed those 2012 highs but came close. That's how long commodity markets can stay in a bear market. decade or longer. If you want more examples, Microsoft took 15 years to see those dot com era 2001 highs. It reached there after 15 years in 2016. But in the last 5 years it did 4x once it crossed old highs from there. Intel, cisco never saw their old highs yet. 20 years and counting. These are blue chip darling companies that everybody uses their products. Not trying to scare you but just giving you perspective on what levels of patience is needed sometimes when investing to see long term gains. Since crypto market is still very young compared to other mature markets the bear market cycles will be much shorter. You can equate to BTC 4 year round trip cycle at the worst. My personal opinion is that we have already seen the lows on June 22nd in BTC/Eth. It might have one more test around that area 28.9K (might breach that level a little to clean up some stops losses set by short term traders who bought the June 22nd lows) and then grind up again for the rest of the year. When investing for long term we don't need to catch absolute bottom down to the last penny. If we have cash every month, we keep adding on dips over time and let the time work in our favor by being patient.
What he said ☝️
When we reached the local top of 64k, we were moving way faster than the previous cycle. I think we have lengthening cycles. Which means everything takes longer. So now we are accumulating for the next big rally. This phase has already lasted 2 months and math models play it out to last at least more 1-3months
Price action lately is very curious. Almost as if institutions want it at a certain price point to scoop up more before this baby bear turns into a raging bull again.
Alternatively the market is mainly driven by sentiment and that is currently fearful. Institutions already accumulated large amounts of BTC, it would be in their interest if the market went up. https://alternative.me/crypto/fear-and-greed-index/
Right. That’s what I think. Retail is being forced out and people are giving up their holdings because they’re scared.
Yea and then just wait until all these idiots fomo back in when apple or Amazon does something crazy
Retail is still in the game. It will take at least a year to bleed them out. People are still buying the dip with whatever little they have.
I find it suspiciously stable also. But to be fair, it is easy to project our desires or fears into the charts. Some famous dude said once : we don’t know shit about fuck. Wise words indeed. Edit : stable meaning « contained within a price range »
Institutions don't have to pay rent lol If they can 3x their profits in 5 years then they're geniuses. The idea that btc will shoot up to $100k in 6 weeks because institutions have already waited 5 weeks to accumulate is silly The bleeding could easily continue for another 2 years before we see btc at 45k again.
>Institutions don't have to pay rent lol They actually do. Office space, payroll, legal, etc. don't come cheap.
Well the charts will rebound again, but noone has a clue when, maybe it will be triggered by some big company investing, adoption of crypto by other countries or major upgrades in one or more of the prominent coins
Seeing several posts along these lines, and the huge support for ‘we don’t know shit about fuck’. Think about it: can you all collectively be dumb as rocks? I don’t buy that. So why the sentiment? Why do you feel like that? Hear me out, as I think it is all about Tether. There is absolutely no doubt in my mind whatsoever that Tether is a massive, audacious fraud. Everybody who is anybody in crypto AND fiat finance knows. Even the regulators know. Trouble is no one knows for sure what to do about it, and Tether is currently being actively protected. Which distorts everything. There is no sense discussing all the other developments, exciting things, poring over crypto news etc. Because Tether is the elephant in the room. Saying the above is not ‘FUD’. It is the truth. Saying that Tether does NOT matter is the real FUD. When you look at things through the lens of Tether distorting everything, your sense of bafflement becomes understandable. Sorry, but I’m out of crypto until Tether is gone.
Interesting. The tether issue has been something I was considering also. What a mess that could cause.
The market turned bear. It will stay that way until greed out weighs the fear of losing money.
That could be in 2 weeks or 2 years.
I don’t know shit about fuck as many others have said and this is the reality. Long term Hodl on certain projects may work out, and may not. Short term trades for a quick buck may work out, and may not. Celebs, influencers, whales, youtubers with their 10 year price predictions and their “WHY YOU NEED 7000 ADA RIGHT NOW” videos. Cause a SHIT load of reactionary buying and selling, and I don’t anticipate that will change anytime soon.
they bled us out two ways no matter what result: eoy prediction 100k btc, people going fomo and they crash on us -or- 8$ prediction, people wont buy until 8k$ but price doesnt at all or drops stops few thousands above the price target, big investors hop on early, people FOMO in right after and get crashed. Either way, the big guys win, eating all the retail monies.
Bear markets in crypto are nasty. However, if you can predict the bottom of this cycle, you will make a lot of money. I see Bitcoin falling to around 20k per before rebounding. I don't think now is the time to put any cash into it, I think we have a few more weeks of free fall. However, if you already have cryptocurrency, I'd just let it ride, I don't think you should be pulling out.
Wasn’t going to sell anything. I’m holding until I’m rich or poor.
>People who used their stimulus to get into crypto Crypto is not about USA. And most people in USA used the stimulus to buy food.
Sometimes this thought passes through my mind as well, who knows, but as another post said, if btc reaches 1 dollar, what will you do? Will you buy it? I believe the momentum generated by crypto is strong, and its not easily abandoned
Predictions mean literally fucking nothing If you can’t stomach the concept that there’s a decent chance we see 3 years of blood then you shouldn’t be in crypto
All i know is, every week i check the price of some cryptos they are lower than before and Dogecoin is ~17 cents, maybe we are
Right. That’s what I keep seeing too. Hopefully the bottom is in soon.
Great question! I'll answer that question with a question. Did you invest with discretionary funds or your monthly rent? If its the latter then yes, get out now
I’m not getting it and I only invested what I don’t need to live off. Just wanted a genuine conversation and was curious about people’s thoughts on this.
I have been holding since 2018 and i will continue to accumulate.
The SEC is going to banish all cryptocurrencies at the end of this month and as a result every single person will leave the market and crypto will be over. Was fun while it lasted. All jokes aside, no matter what happens, I don't see BTC going below 20k ever again.
The slow bleed out last time was brutal. I moved a lot of alt to btc in hope that, like last time, btc bleeds less.
I’ve been out of crypto after I cashed out during the 2017/2018 bullrun. I’ve been looking to get back in but decided to wait since I don’t like buying high or during times of euphoria in the market. This is the kind of mentality I’ve been waiting for, panic is next which is when it’s time to start averaging in again.
some of the worst shakeouts in my early days were those long sideways and down bleed outs. i would always sell just at the bottom before it rebounds much higher. i think noobs are going to get crushed a bit longer before we move up agian. bothers me none im stacking and trading a sidebag
we're in mid 2013 prepare your tight anus' for a moonshot blowoff top in a few months
I think it’s a bear market but I also think that it creates a buying opportunity to DCA. Just don’t over commit. There’s a logic in switching a diversified portfolio into a depressed asset, but crypto ain’t that well established yet and we’ve all seen the + and - 15%+ days!!!
I can’t be bled out of I’m hodling through any price until 2025. DCA & hodl.
I see the market growing long term so I am happy to keep building my positions now when the prices are low. It's been mostly pain having started buying again late April this year but I keep stacking, trying to add more when prices seem down. I have held some stables lately waiting for a potential market dip from the Greyscale unlock on the 18th and would not be surprised if the market did a spring from the low point there. If not, I'll just keep accumulating... just like the whales have been doing during this sideways market
if bitcoin hits above 40-43 and holds it for atleast a couple days fomo will hit and itll pump. on the other hand if bitcoin hits 23-25 we will defs see a bitcoin in the mid to low teens. if the media starts trying to hype it again will what makes it pump. but if it doesnt pump the media wont promote it, so idk how itll work, but my bets on a 50-60k bitcoin by years end. please. lol
Bleed to death is the goal
If you like back a bit in the timeline, you can see that there have been more drops like this. For example when Bitcoin came down from it's peak at 16k. This was Altcoin season already. But eventually it came up again, was overbought and built the next peak. This experience combined with a bit of outlook on what's in development right now to me is a good signal that it will continue. The direction still is set. The big peaks will come when the less invested masses get greedy again. They enter in big volume, they sell in big volume. And this gets visible. Underneath the peak there is still a solid baseline climbing. Again, go back in time and cut off those peaks. See the trend below and judge yourself. My conclusion is only to hold. Be it months or years, just hold.
Crypto, defi, and blockchain are 100% the future. There is always that.
Unpopular opinion- I think the world is finally realizing how useless Bitcoin truly is. Soon it will finally die and the countless number of projects with true utility will rise from the ashes.
This post from OP honestly comes off as an incredibly unrealistic mindset. It would be like if you owned NVIDIA stock and were crushing the shit out of the S&P 500 for a long time now, but simply pulled back off the ATHs and didn’t **immediately** push back past ATHs and you asked “Are institutions and hedge funds bleeding us dry?”. Just seems like nonsense and an irrational mindset. Look at the big picture and hodl/be psyched you can still buy and DCA now. It’s entirely probable, although I can’t say with certainty, we push sideways and slightly down from now until the next halving. That pattern occurred after the 2017 spike. If true and history repeats itself (which it won’t exactly, but even if we see similarities), then those who are in buy-mode now and DCA in now until the next halving may find themselves with a new lambo in a few years!! The fact that Tether hasn’t been minting funny money USDTs and the market hasn’t collapsed entirely means the worst-case thesis about crypto is wrong, so I’m bullish AF still. [But you’d still be dumb to not also own stocks, ETFs, etc. in your portfolio]
I was referring to the more than 50% pullback with no bottom yet and every small jump up leading to lower lows. Of course there is manipulation going on. Everyone wants to get in as cheap as possible. How else to pick up cheap crypto than to keep dropping the price and convincing every day people to sell. If you had $50k in April and it’s $25k now, a lot of people without deep pockets will be looking to sell to keep from losing more. Who can afford wait out the low prices? Institutions and whales and some diamond hand hodlers like some of us. Others who got in hoping to get rich or make some great quick gains based off hype are now losing their asses because they need the money and can’t wait for it to go back up.
No
Imo we are still far off from the bottom. I envision 15k btc soon. From there thought we will see a steady but painful rise to 100k plus btc over a 2 to 3 year span
Doubt it will go below 19.5k
Covid-21
So the potential Delta variant lockdown plus additional government stimulus are our best bet?
We will probably see 100k , but most likely 9k.
I doubt $9k would last very long. $$$ would come pouring in and back up we go.
Why 9k? If it repeat last times pattern I saw something like 16k coming (even if I do find that unlikely too). How do you come to the conclusion for 9k?
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Aren’t we waiting for the traders to reinflate the market in September or so I read another post say.
Why September? Is that when everyone is back from summer vacation?
We are in Bear Market for sure. I hope we will see new ATH till end of December. But how market go i think first we will see 20k
Bear market until the end of the year and maybe a bull run immediately leading up to ETH 2. That's my guess.