What happened to all the normie money? weren't the normies supposed to come and pump the market... where are they?

They're gone.
And once media rapes BTC further, we're looking at a long era of nothing but bleeding.
This year is going to be hell for crypto.
Next year maybe it recovers when people have forgotten the crash and the price is low enough.

That google trends chart is enough reason to listen. It's going to be a shit year but i've taken my profits and left some alt's just in case.

Till the EOY bull run to 3t total market cap you mean

My grandpa just called me asking how to buy. Says he wants to buy ZRX. Don't know if it's a sign that we're going to see a large influx of normies this year or if we've already seen it.

Speaking of normie money -

Is it a good time to pull the trigger on some BTC?

How much cheaper is it going?

You, and Veeky Forums were the normies user, I'm sorry

can u explain to a brainlet

all the potential buyers/investors in the market lost their money in the crash to the whales / exiters who sold and are not returning.

new, dumb money will need to enter in order for us to escape our losses. will we dump on them just to get our heads back above water?

in short: there's no new money coming in, and all the smart money has left.

What don't you fucking idiots understand? Barely anybody was buying Bitcoin for the past few months. Its ALL inflated by Tether.

all the normies are aware of your scam now you have failed enjoy your purple ford escort faggot

you think i can afford a purple ford escort? i'm down 80% on credit card debt.

i dont see how krypto as money can survive "regulation".

its over.

I spoke to a friend, he's like 40 years old and works as an engineer on ships (actually at an office now) and he told me he bought crypto and lost a lot of money.

I'm sorry, the normies already came. That was it.

FOMO bought at 19k and then proceeded to panic sell every dip.

In reddit there was even competitions by normies who just heard of cryptos who had went all in the most by selling their cars, using their inheritance, taking loans with their houses as backing, etc.

i dont understand how hundreds of thousands of new $ can come in and we can still get wiped out. what happened? wasn't that a huge influx of new $ that would continue the bull run?

Hedge funds control the wealth, not individual investors.

The key to understanding every bubble in history is knowing how they are all fueled by investor money.

Even though there are 7.6 billion people in the world, not every person is going to invest in [name a bubble]. Instead, there will be a finite (limited) number of investors.

When a bubble enters a frenzy stage, people rush to invest money. This increases demand, which increases the price of the object of the bubble.

But a finite number of people don't have an infinite amount of money to invest. You reach a point where the small pool of investors no longer have any more money to invest in the bubble.

You will eventually reach a point (when enough people can no longer invest), that the demand curve will work in the opposite direction. Investments are cut off, which kills the demand, which kills the price, and the bubble bursts.

This is how the original Ponzi scheme (Charles Ponzi and the postage stamp bubble) crashed.

It is also why the housing bubble crashed.

In fact... the lack of new investors is the reason why every bubble in human history popped.

Normie from January here, I basically did two transactions, one was a small test amount which I can’t cash out from okex due to the higher than a normal bank transfer fees and the other was og POWH which I lost. So far fuck this shit.

>his only investment was a literal discord malware ERC20 token
>ironically one of the few ways to make real $ in the last week

wow

How many people are just like the user you replied too? A lot. I can maybe sink a few more hundred bucks if this bear keeps going and I feel like we hit the bottom, I'm sure other will too, but no money's coming in now. It's sell time and will be for months, big rise, big fall. This is why no more big back to normal pumps happen anymore. Small spenders spent and got burned.

There's nothing wrong with speculation. There's even nothing wrong with participating in a bubble, as long as you know the rules ahead of time and you know that all bubbles burst.

I mean, if you had $1000 to blow, you could take it and divide it equally among the top 100 coins.

You know that nearly all of them will fail, but if just one continues to bubble, you can pull out your initial investment and then you're playing with the house money.

My problem isn't with playing with a bubble when you know it's a bubble.

My problem is with people who think it's going to rule the world, that it's possible to get rich quick, and that bubbles never burst.

>be normie
>hear about Bitcoin
>buy some
>discover $40 transaction fee
>sell that shit immediately
>feel like an idiot for falling for the magic internet money meme

They barely know how to setup a fucking wallet.

Monero and decentralized exchanges

Wait till robinhood allows trading. 800k+ new investors in the market.

They're frog posting on Veeky Forums asking where all the normies are

I'm not broke, I'm still at profit due to a semi lucky swing trade in my alt shitcoin. It's moving closer to my starting money though...