Is crypto going to die

[pouetpouet]

Is this the end of btc ?

 

[WhiteGoodman]

 

[pouetpouet]

View attachment 1503736

Did he really say it ?

 

[Patient A]

Did he really say it ?

Yes bro

 

[Chinacurry]

I don't think so, could be wrong.

Cryptos have become much more correlated to other assets over time, so they aren't really a good hedge anymore, but I think the current correction, aligned to what happened in bonds and equities, is more than just a risk off.

It seems like the quants, and even the whales are helping depress cryptos to sweep up loads more on the cheap.

Therefore I don't think it's a crypto winter, and I still think we see 100k btc and 10k ETH by year end, and most alt coins with a decent use case will burn a zero.

Meme coins I think if the number of holders is increasing during this dip, then we should see a other bull run

 

[Going2KillMyself]

it might but the truth is the technology that underpins it is more important to understand and track than the currency use case lol

 

[Deleted member 6128]

No

 

[spark]

hopefully I need to buy a GPU

 

[Pendejo]

hopefully I need to buy a GPU

 

[Deleted member 2748]

this thread would've made sense if it was made yesterday, but btc seems to have floored at abt 35k today

 

[spark]

I have a ten year old computer you're more up to date with tech than me faggit.

 

[Deleted member 6128]

Luck is when opportunity meets readiness

Ahh what a great time to be alive I’ve always wanted to splurge in Bitcoin il put in 20k just to 4x it

 

[ToTheTop]

Bitcoin is better than gold in every fundamental sense.

It will replace it eventually and that means it will be minimum $500k/coin (comparing market capitalisations and not taking future inflation into account)

This doesn't even factor into consideration bitcoin being used as a means of exchange (potential upside and a positive freeroll).

Due to mass speculation, manipulation and the fact bitcoin is somewhat unregulated and still in it's infancy stages the main concern is short-mid term variance.

Outside of this, the main fundamental causes for concern are tether collapsing (it's fraudulent as fuck) and China actually banning bitcoin properly (every ban up till now is a soft ban not a hard ban). Even if either of these things were to happen, it would not effect the fundamental properties of bitcoin and would only have short-mid time (albeit significant) effects on bitcoin.

So essentially if Bitcoin crashes and there isn't a change to the underlying fundamentals of bitcoin itself, then you should be buying as much as possible, as you're buying the exact same asset at a much cheaper price.

So buy bitcoin, go into a coma and wake up rich in 10 years.

 

[noodlelover]

No, it's part of the economy now. Smart contracts reduce costs and risks for businesses, individuals and groups of people.

Like in the dot com bubble, some of the shit coins may go away but the good projects will stay around. Programmable money will cause the economy to become more efficient and grow faster.

 

[ToTheTop]

No, it's part of the economy now. Smart contracts reduce costs and risks for businesses, individuals and groups of people.

Like in the dot com bubble, some of the shit coins may go away but the good projects will stay around. Programmable money will cause the economy to become more efficient and grow faster.

'some of the shit coins may go away but the good projects will stay around' - Exactly. So you buy fundamentally sound projects and go to sleep.

You can't time the market as your exact argument means you missed out on the 2x gains over the past 2 years.

 

[currylover]

Crypto is inevitable as a hedge against inflation and as an internet currency for an internet age. No matter what governments try to do, it will rise again. Gold is worth over 10 trillion, despite us only needing a small amount of it to make computers.

 

[noodlelover]

'some of the shit coins may go away but the good projects will stay around' - Exactly. So you buy fundamentally sound projects and go to sleep.

Exactly.

You can't time the market as your exact argument means you missed out on the 2x gains over the past 2 years.

No one can time the market, it's a black box adaptive chaotic non linear system.

Time in the market beats timing the market.

Excepts sometimes there's so much dumb money in the market, or dumb money that sold in fear, that it becomes predictable within a margin of error and it may be a good idea to take some money off the table or put some money back on the table to reduce risk. The 20K crypto Top, and 6K crypto bottom were actually pretty easy to time. But the crypto market is becoming more efficient so these opportunities are fewer and fewer.

I did miss out on more gains by not investing in shit coins, however bubbles that have no fundamental value are not something any one can time. The risk is high with them. You can make money in a casino but if you play long enough you'll loose. I expect aging to be reversed in the next couple decades, I'm playing the long game.

 

[Ronnie]

idk man the whole thing seems stupid to me. Most people don’t really know what Bitcoin is and if they do they think it’s a scam. I hear people spout out keywords like “decentralized” and “blockchain” and tbh Idgaf and I doubt your average normie does too. So you basically have a bunch of crypto bros and institutions pumping this “currency up”. I’m perfectly fine buying my shit with regular cash why the hell do I need a bitcoin that constantly goes up and down

 

[eduardkoopman]

this thread would've made sense if it was made yesterday, but btc seems to have floored at abt 35k today

Still not seen the massive Volume red candle.
I'm afraid w are going 25K-30K; for that massive big volume red candle to appear, that we need for a bottom.

Slowly bottoming, sucks. And difficult to see, about reversals than.

A big massive red high Volume candle is easier to see, a bottm range