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Real Talk, 100% Not Flame/No Bullshit: This market isn't coming back, bros.
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Date: February 1st, 2018 8:25 PM Author: exciting autistic really tough guy
The underlying tech might be valuable, but it's still years away from being seriously commercial viable on a real scale. It's impossible to predict with real accuracy what companies will drive adoption and be the Facebook--as opposed to MySpace--by the time that happens. And in any event, in its current form this "asset class" is just waaaay too full of bullshit--ponzi schemes, scammers, shady assholes, fraudsters, foreign scam artists, whales, etc.--to attract institutional capital on a widespread scale. In addition, now that the public has increasingly become away of that fact, and also seen all of the scare stories about "the bubble popping," relatively few individuals who aren't already in will want to invest. And if/when this market actually does gets cleaned up to a point where its savory to institutional investors and sane individuals, it will be due to regulation that will also even it out and prevent it from bouncing back in the "LAMBOS TO THE MOON" form in which it has existed in the last year or two.
If you got in early and made smart choices in 2016/2017, congratulations--you were in the right place at the right time. But any idiots throwing money in now to try to recapture the magic, or any idiots who aren't getting out while they still can, are going to be in for a very rude awakening soon. If you can't see the writing on the wall, it's because you're too emotionally invested.
(http://www.autoadmit.com/thread.php?thread_id=3879212&forum_id=7",#35299843) |
Date: February 1st, 2018 8:32 PM Author: Ivory Concupiscible Goyim
Making 10-100x gains like everyone here has done over the past 6-18 months is really, really hard. We are all super lucky and should recognize this.
Now you have to think clearly, rationally about how hard it is to get those gains, and decide for yourself whether the likelihood of it happening again (versus more “realistic” normal gains) is worth the massive massive risk of crypto investigambling
ALSO REALIZE THAT THE FUCKING TETHER PRONTER IS NO LONGER PRINTING HUNDREDS OF MILLIONS OF FAKE TETHERS TO BAIL OUT THE MARKET
(http://www.autoadmit.com/thread.php?thread_id=3879212&forum_id=7",#35299946) |
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Date: February 2nd, 2018 1:45 PM Author: Glassy Location Jew
Another nocoiner
In the same article he says BTC is "going all the way to 0".
Do you really believe that?
(http://www.autoadmit.com/thread.php?thread_id=3879212&forum_id=7",#35305862) |
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Date: February 2nd, 2018 1:48 PM Author: exciting autistic really tough guy
From a literal perspective? No. There will still be idiots/anarchists "HODLing" when BTC is like $15 again. There will still be HODLers if it goes down to $.01. And the Dutch continue to sell tulips to this day.
But from a meaningful investment perspective, he's absolutely right. A decline from $20k (or $8k) down to $15 might as well be zero. Whatever "value" BTC has left after the big crash occurs and fully takes effect will likely be a tiny rounding error.
Want a tulip bulb? I know a guy who can get you a great one cheap.
(http://www.autoadmit.com/thread.php?thread_id=3879212&forum_id=7",#35305898) |
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