Why has crypto had such a shitty 2018 so far?

Everything is down from December. Is the bear market going to last all year?

lets be real.
crypto is nothing than a simple hype. and that hype is over.
there will be no mooning again.

ever.

maybe btc or eth or whatever will climb to 20 or 50k. but not within a few weeks like a rocket. it will last years and 50k probably wont ever happen.
one would be better off with bluechip stocks.
and im not even a boomer.

people that bought cryptos 2016 and earlier already 20x their money.

they leave new bag holders.

Young generation have short attention spans and expect everything to go up every month. Once market cap goes to 600 bill in 2 months the same doom and gloomers here will pretend they never made their dumb comments.

Same shit talked 2014, 2012, 2011...
Only more people talking more shit. Crypto is still at the beginning and will moon after it found its bottom again.

No real value, only hype.

bullshit.
ask any normie and he will tell you that bitcoin is some funnymoney from the internet.
back in the early ages of < 2016 not even 1% knew what it was.
leave alone the existence of exchanges that made it easy af to trade.

booming over. no more moon missions. deal with it.

We reached saturation point.

I think a bunch of these currencies need to die off. I just don't see how 1000 cryptos can exist in the long run.

lol brainlet neck yourself

come on guys, let's be real

well keep on posting pink wojacks then. you should also stock up on helium without mixed in oxygen for the case...

It went like 4x in like a month.
its time we return to the mean

Bear market, op. Happens on a roughly yearly basis.

>lets be real.
Go on.

>crypto is nothing than a simple hype.
No

>and that hype is over.
Just like tech stocks?

>there will be no mooning again.
This is how I know you know nothing about blockchain and a no-coiner.

>ever
Cuck.

>maybe btc or eth or whatever will climb to 20 or 50k.
Crypto trading is better than forex. The reason why it climbed up is not because of small time people buying crypto. High institute hedge funds are starting to trade and leverage trade crypto. It'll never go believe 5.9k Ever.
And in within the next 20 years, the large corporations will slowly accept crypto transactions. In 50 years it'll replace fiat.

>it will last years and 50k probably wont ever happen.
You're delusional if you don't think it'll ever happen or even higher. There is a good reason why China is making their own crypto. Why Venezuela is making their crypto backed by oil.
Because this will replace our currency system that is backed by failing government and central banks to the people. China, are filled with smart people. That's why they want to keep control. Venezuela is just desperate.

>one would be better off with bluechip stocks.
It's called diversify. Only poorfags put all their eggs in 1 basket. Smarter people diversify between asset classes.
This is why Mark Cuban owns bitcoin. This is why Richard Branson owns bitcoins. This is why Robert Kiyosaki owns bitcoins. This is why Robert Herjavec owns bitcoins.

Not only that...

Crypto is backed by poor countries. It's backed by high inflation countries. It's backed by gamblers. It's backed by the black market. It's backed by Hedge funds. It's backed by exchanges leverage. It's backed by loss faith in the banks and government. It's backed by privacy.

Crypto is more safer than your fiat and has international access. If you don't own any crypto you're going to miss out on wealth.
So, shut the fuck up you ignorant piece of shit.

This OP. Nuff said user.

>There is a good reason why China is making their own crypto. Why Venezuela is making their crypto backed by oil.
>Because this will replace our currency system that is backed by failing government and central banks to the people. China, are filled with smart people. That's why they want to keep control. Venezuela is just desperate.
had a good laugh 2bh.
thx user.

2018 is the year of the alts

how similar is trading stocks to trading crypto?
safer?

Bravo

>Government is desperate for control
>They create their own crypto cause they don't want to lose control
Seems like you didn't the point went over your head. So let me explain.
China is creating their own crypto and while banning the rest because they don't want to lose control.
Crypto is giving power to people not government. So their government is adjusting quickly so they don't lose power because they see how much impact blockchain can cause to their authoritarian government.

Everything that goes up goes down.

you are perfectly right on that.
but crypto under full control of the government is useless.

Agreed but we'll see what'll happen next 20 years. We're living in this present time of history. Kinda exciting.

Good post. No point not having some exposure to crypto. That alone will keep it afloat as more rich people realize that.

But the real end goal is indeed replacing manipulated fiat. It's gonna slowly happen, I think.