Date: August 22nd, 2018 9:24 PM Author: cordovan regret
What if this is just the bottom? It just limps along like this for 6 months or so? Seems possible. Didn't you wonder why so few people held on from 2013? It's because these periods are hell and you're never sure if its coming back
Date: August 22nd, 2018 9:47 PM Author: stirring parlour
expect shit to chop around for years before another bubble. this expectation of things going back to last year within a matter of months is delusional. we had a massive bubble and it'll take a while to work off the psychic trauma and financial excesses.
the main thing i can see changing things is a surprise approval of a btc etf.
Date: August 22nd, 2018 9:56 PM Author: cordovan regret
Sorry, I was a skeptic (and still am of many cryptos), but I can see some reasons why "this time is different." Institutions are moving into crypto. Businesses are looking at blockchain. An ETF will be approved.
When Bitcoin died in 2014, I thought it was dead. Kaput. This time, I see that this space could be huge. Reddit retards might be tapped out and bankrupt, but I think many more investors will be coming
Date: August 23rd, 2018 1:31 AM Author: Maize quadroon
Yeah I'm coming to accept this. There is zero fervor, retail got blown the fuck out. I still remember the TBF pwnage when he bought at 700 and it crashed to 200, took 2 damn years for everyone to forget and get excited again
ETF and institutions really are the only way to break out of a 2-year consolidation early, or some breakthrough in dapp usage
My other worry is, crypto has never experienced a global recession...
korea and china fueled the last hype cycle, and they might be done... then again they are the cultures that gamble hardest and most consistently and don't get too discouraged by losses so they could be up for another rodeo