On December 22nd, 2017 the Bitcoin bubble burst. The rest of the crypto market followed on January 7, 2018

On December 22nd, 2017 the Bitcoin bubble burst. The rest of the crypto market followed on January 7, 2018.

We are now somewhere between Capitulation and Despair. A return to the mean is imminent, but there's no telling if its 8k, 6k or 2k.

We've reached the end of the speculative bull-run. Future growth will be based on actual developments, and real-world applications. Vaporware, memecoins and privacy coins are getting kicked to the gutter -- Yes, privacy coins have an important function, but we don't need more than one of them. (This is coming from an XMR bag holder... I regret putting so much into this.)

>but... but... dot com bubble had an $8 trillion market cap

In 1997, when Apple was conducting consumer research for the iMac, internet connectivity was the #1 requested feature. The average college-educated consumer was catching soundbytes about how internet would democratize access to information, create virtual, globalized workspaces, completely change our social and entertainment experiences, and in general, improve lives.

In 2018, nobody is asking companies for more blockchain support, besides a few NEETs on Veeky Forums. It has immense importance on the business and government-level, but consumers could care less. The average college-educated consumer hears soundbytes about BTC being a "dangerous" investment, or being seized from child porn rings.

Cryptokitties was the beginning of the end, and "Blockchain Iced Tea" was the nail in the coffin. The good news is we can finally start our "real" bull run. In the next few weeks, we have the opportunity to buy Apple stocks like its 2001. Growth will be slow, but in 3-4 years, many of us will be richly rewarded. Personally, I'm hedging on ETH, NEO, XLM and REQ. But more importantly, keeping my eyes and ears open.

>pic unrelated

And we sit in a bear market waiting for the next bullrun.

ETH is prone to hacking the second the NSA want to end it they will with their super computers.

The mean of BTC is around $700, if this is a meme crash then that’s where it’ll land.

>pic unrelated
No, pic very related. It shows that your opinion is trash and not worth listening to

BTC still has enough symbolic importance to be kept above $2k IMO. As much as we want "mah flippening," cryptofags will realize the BTC brand name and image is still key to general adoption.

It will live on as an unregulated "store of value" coin... an alternative to something like Jibrel, which will be tethered to actual commodities.

Crypto is an interesting experiment, but I don't see it implemented like a lot of evangelists claim, in our lifetime. Down the road, sure. And the experiment needs to happen - the "all in" guys, like that dude who goes on Joe Rogan, they're doing the beginning steps towards the future. Someone has to do it, which is why I don't have a problem with it. The work has to be done.
But Bitcoin, the flood of alt coins...that's not the work. That's just profiteering, mania, and a once in a lifetime bubble. The way forward is building more blocks on blockchain tech. It will take generations before it even begins to start replacing what systems we have in place now. The mania will die out, and the work will continue, in labs and cubicles, on the tech. That's absolutely going to happen.
What you won't see is a run like you saw, to 19k. The market just isn't there.
It's your money. Invest it where you want. I have no real faith in crypto over the long haul, so I'm just a spectator. IF, and it's a big if, I see changes in the actual market and it growing to include enough investors to drive a run up, I might throw a couple bucks in, but waiting for another 19k run? I think you're wasting your time, and you won't see anything like that in a long, long time. That's my opinion, and what I based my decisions on. You put your money where you want. We'll see what happens.

This. Fuck Jordan Petergay

Lel poor brainlets hating on JBP

>we don't need more than one of them. (This is coming from an XMR bag holder
>he doesn't think xmr is the one privacy coin

>IF, and it's a big if, I see changes in the actual market
The first wave of this will come this spring/summer when many ERC20 projects go live.Take REQ. Seeing how this can make tax & payment distributions easier will catch a lot of mid-cap corporate attention. They won't adopt it right away, but they'll put SOME money into RnD.

I'm still hopeful user but the BTC-level transaction fees do not help.

>bulletproofs being implemented this year for 90% fee reduction
>they already function on testnet

ok now whats wrong sweetie?

>internet would improve lives
Well, that turned out to be a lie

wait, why? bulletproof is coming so it doesn't matter, but truly private and fungible transactions are worth the tx fee. there is an inherent utility that btc completely lacks

Honestly I did not know they were working on this.

>Growth will be slow, but in 3-4 years
lol

You only like "JBP" because you're too ADD to read a book and do your own thinking. So instead you let this guy do it for you.

>you are only listening to what another person has to say because you are too stupid to read a book

7-900 is the ABSOLUTE bottom. People could decide to support other price points. There is a 40% chance we’ll see a turnaround here. Another 50% chance around $3000. Only a 1/10 chance it goes that low.

Currently there are a lot of people in crypto just for speculative gains. But there is solid backing for alternative currencies from an ideological standpoint. Yes we are currently in a bubble. Just spend 20 minutes on biz and you’ll realize that a huge portion of the market is greedy gamblers looking to get rich quick. These losers will have to bleed for a while but the tech is not going away.

>Growth will be slow, but in 3-4 years
lol

i see it completely plausible if some alex jones tier conspiracy is in play here. i personally think these rich fucks hate, HATE normies more than we probably do, and would hate to make those who did nothing but get into a youtuber's hype and make them instantly rich over night literally. just out of a gut feeling, this bear might be you guessed it. 1-3 year to shake as many people out of the market as possible like last year but just slower. it will truely be seen as dead even tho companies will still be working on their cuckcoin projects, great news and usages are going to happen, but price won't go up. this will frustrate the normies very very quickly. one thing those supposed rulers have that most people dont is patience and time despite they're old fucks dying, they can and will out wait most of us edgy millennials, gen z faggots

maybe I would like peterson less if the Anti-peterson shills werent such sad sacks of shit lol

I have nothing but patience, I'm enjoying these deals on cryptos in the meanwhile. I ain't cashing out for years and years.

That and the banks are putting supercomputes on each city

cryptokitties used eth

Dudes, there is enough support in Japan and Argentina's pinkie toes to keep BTC from hitting 5k. 7200 is the bottom and greed will keep putting sell orders ahead of it.

By 3-4 years I don't mean we're literally in the red that long. Rather, the growth is going to be more modest.

The spikes now will now come from mainnet launches & partnership announcements. Mcafee tweeting coin-of-the-week won't trigger parabolic growth... and for good reason.

whos this?

Have fun worshipping your youtube celebrity

Seconded

there's only like 50b of actual money in crypto if that kek

I'm not worshipping anybody, it's just silly to suggest that there is something wrong with listening to another person that has something meaningful to say because books exist.

hes doing it better than i could

?

A higher res pic appears!

Prepare to be disappointed:
xhamster com/photos/gallery/princess-busty-a-k-a-bunny-2390398

>meaningful to say
Anyone who takes Jung seriously is a fraud.

December 10, 2017... The CBOE opens their bitcoin futures market, allowing real traders to short or long bitcoin

December 17, 2017... CME opens their bitcoin futures exchange, allowing professional traders to long and short bitcoin.

December 22nd, 2017... bitcoin bubble bursts.

Here's what happened....

1. Coiners trading in a netherworld where there are no rules, there is no real ability to bet against bitcoin, and where the price is allowed to detach from reality

2. Bitcoin dragged into an open regulated market where professional traders can participate.

3. The part is over, reality wins.