We're at despair

No we aren't, we're in despair
bitcoin is 60% down from ATH if you haven't noticed.

>this much denial

This chart looks exactly like OP's

you're retarded

zoom out

Despair is when Veeky Forums traffic noticeably drops. It's when people actually start killing themselves.

And if you haven't noticed despair is below the take off. Which could be at 2-3k.

Also I cant believe this meme graph was right all along.

Why not? I don't fucking understand you faggots. We've been following the graph EXACTLY since the beginning. Like 1:1 exactly. And you STILL always said it's just a meme. How dense can you be?

OP is right

I already killed myself, sending this from the afterlife.
Protip: we're at despair. I can know because I'm the guy who originally shilled BTC to Veeky Forums.

Me neither user, me neither. Live and learn I guess.

I can, a market is a market.

still in capitulation

Veeky Forums has barely entered capitulation. This drop still has another 7000 to go.

So i should buy? 50% now and 50% more in case it drops lower?

Scratch that actually. Zooming out I think the bear trap was in June 2017. We are going below 2000 boys.

This

1000 doesn't make sense, we're not going back to early 2017 levels
At worse we're going to September levels, I think 5k is the absolute bottom though

I'd like to think you're right OP, but I just don't think we're done yet. Terrified to buy this 'dip' and lose even more when it drops again tomorrow.

this is the bull trap

Some dense motherfuckers up in here. Read this article, then look at the date:
>fixwillpower.com/blog/bitcoin-bubble-crash/

the BTC despair floor is $1000,

the return to mean price of $BTC is $2000

shorting this all the way down

Jesus Christ. Let me explain something to you. A drop doesn't stop until new buyers come in.
Now tell me who the fuck of the normies wants to step into bitcoin when it is crashing by 90%.
Its fucking over man.
Sell your tulips and run.

Except there won't be a "return to the mean" because the guys running btc exchanges will all do a runner soon

if anything you're at capitulation. Valuation is somewhere near 5k. Still room to plummet more this week

>There are barely any pink wojacks in the catalog, just "I wanna kill myself" threads
great market analysis, thanks

You stupid mouth breathers. We are at the "First sell off"

YOU'RE FUCKING RETARDED YOU FUCKING FAGGOT

Cool then I can buy nano at $1 and get in on a good price for once

the chinks just sold their coin to wall st

7k was the agreed buy-in point

We were at about 3000-5000. before the normies came in. Bitcoin will drop below that, recover a bit, then future performance will depend on technological advances etc.

This

AAAAAAAAAAhhhhhhhHHHHHHHHHHHHHHHHHH

This is definitely not despair yet. Maaaaybe capitulation. I can't believe you guys haven't sold yet.
We won't be back at $8K for another few months at least -- why hold?

haha we're at fear faggot

>when it's crashing by 90%
It won't crash if it found a bottom.
Besides, by this logic every bitcoin crash would be 99% plus, but all of them stop somewhere, be it 40%, 60% or 80%.
Judging by how widespread bitcoin is, I doubt we can see a 80% or 90% drop like in pre 2014 bitcoin.
75% seems like the absolute worst it can get.

meme graph? lmao, all asset bubbles in history have followed this graph. Why people ever doubted it is beyond me

its both

new course --- 4500 USD

I'm calling it

Then those people should sell right now instead of shitposting here while their money burns away.

I'd like everyone to consider a simple matter of fact that last time, while the bubble was crashing, bitcoin, litecoin, even dogecoin adoption was growing, setting an infrastructure for eventual comeback that we witnessed over past year. Now hovever, there's completely opposite trend, countries and institutions are banning crypto, and/or planning on enforcing regulations, companies removing btw as a payment, etc.. There's absolutely no reason for any a leverage Joe to get involved with this shit, other than expectation of magic free money.. This crash will force most governments to regulate bitcoin, rendering it's most common use (black market deals) obsolete, and without free reign of pump and dump schemes, it'll just slowly wither into oblivion.

I've been in despair for decades. I feel no difference.

5800 is based on 70% loss after parabolic growth

Bitcoin crashes but the alts don't.
Only reason why: weakhands left the market.

you guys remeber when a bitcoin hiccup caused the altcoin market to crash for 20-35%?
well look what's going on now. while whales and banks manipulate btc, the altcoin-market is almost indifferent.
xlm -2%
ada - 5%
eth -6%

christ, you guys, this is very good. we can finally start trading again.

You're missing the point. Normies come in ONCE. After you burned them they are scared and stay away.

crypto is being banned for the plebs. big difference.

this

>alts don't trade in usd
>alts only trade in currencies tied to btc
>btc crashes
>alts won't
Yeah, right.

Good, then any growth/shrinkage will be for valid reasons and not because of hype.

Yes but what happens when it inevitably rises again? *clicks purchase button*

I'm buying more once it drops under 6.5k Then it'll slow down around 6k and then the bulls take over again. Don't be narrow minded and just look at crypto, the entire stock market is suffering rn

It's okay, I can baghold. It actually took me like 5 months to break even after my first fiat investment, and it's not like I invested a lot of money into this thing anyway.
It's pretty annoying seeing me go from 3x my initial investment to 2x my initial investment. I thought I could time the dips and keep up a good balance through this crash but today took me completely by surprise. I bought BTC at 7,5k back in Friday and expected a strong recovery (and got one, for a day at least), yet got completely BTFO afterwards.

plebs pumped it from $500 to 20k

katy perry posting about crypto nails, and snoop dogg promoting robinhood. We are well past the first sell off, its only down from here fellas

>Normies come in ONCE

Just going to keep posting this pic.

Typically you don't see graphs of zero value stock because it is delisted from an exchange. Same for a fiat currency which people lose faith in as the exchange rate becomes comical and it is delisted and no longer supported.

People were still willing to pay for beanie babies and tulips after the bubble popped because the cost of maintaining them isn't high and they were valuable for what they were/not just useful as currencies. IIRC, at values under $1000 bitcoin is a money sink. It won't revert to some non-zero level, it'll rapidly crash to zero once it's transaction costs outweigh profit potential.

Oh no you don't. You don't get to drag us along with this fucking meme chart you all believe in and then ignore the "return to mean" part at the end. This shit will go up again. It's in the chart.

Eventually everyone who is willing to sell will have sold, and there will be a massive liquidity shortage that will drive the price to new highs.

>chartists

This is cope. They will be back in larger numbers and greedier than ever at ATHs. Just make sure to sell before Christmas next year and move to short positions.

you guys underestimate greedy people, BUT the problem is heavy regulation hitting us so we will no longer see a bubble like this you fucktards

$4,500 - then year of stagnation - then uptrend

if you trust the meme chart this week is the time to buy

we're there now. to sell below 7k would be very silly

I don't understand why they would put capitulation before despair. Once you've accepted that you're absolutely fucked no matter what happens why would it bother you at all? Whoever made this graph is an idiot

I unironically just did that. Bought ETH+RLC+OMG.

You're right. Regulation did a great job of preventing the Dot Com bubble, the Housing bubble, etc.

Meme money doesn't go back up

stay deluded you idiot
BTC is trash thats a fact

>once the casino burns them they never return

Thank God I've been HODL all this time! I bought the dip two weeks ago. Headed to the moon!!!!

Overall value of bitcoin grew with infrastructure built around it in last years. It is organicly worth more than year or two ago, so maybe 3000$ - 4000$.

We're only at bear trap guys don't worry

...

>true normie takes money from a loan shark and doubles down

I wish I could buy tulips, but after that crash Dutch sold them all and now are unobtainable. Retard.

Casinos have really really easy ways of throwing your money away. Slot machines and other devices that directly show how your gambling behavior can gain you money. Crypto is difficult for not miss and cashing out (immediate gain) is not so straightforward.

We haven’t entered the despair stage because your desperate ass is posting this garbage praying it’s the bottom - having watched your gains turn to dust... only when you lose your entire initial investment will the despair stage have even begun.

wall st isn't going to destroy their newest money spinner

Not miss=Normies lol

are you high right now?

This this this.

People don't realize that with healthy competition, BTC now has *zero* unique selling points and hence its value can fall to zero.

ALREADY THERE

True. Despair is when the last bull has lost all hope and wants out.

well have a look at this bubble, I better sell my amazon stocks now

Capitulation is a function of PRICE. Despair is a function of TIME.

Post-bubble, the falls, stagnation and dead-cat bounces go on for a long, long time.

A return to the BTC highs will be many, many years from now, if ever. THAT is the despair part.

Capitulation means you have accepted that the bubble has popped. Despair comes when you realize that it will not recover within an acceptable time frame, or that it will never recover at all.

>he lost money
laughing at you

Welcome to real world
All investments are bubble

we're in bear trap