How does the bear market we've been experiencing since mid January compares to the previous dips?
I know people say that things were shit for a while last summer after the China FUD, but was it worse or better than this?
I also know it took two years after Mt.GOX for things to pick up again, but were people constantly getting justed during those two years, or were things mostly simply dead?
The general overview of the charts make it hard to judge what it was really like.
Also:
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Fuck.
it compares but not comparably
Hard to say. These dips don’t seem to be happening for any reason which is scary, it means bots pretty much control the price, or huge whales (rich fucks, banks, funds etc)
Every other dip had an actual reason. Mt God, ICO ban on US, China regulation and the first BCH forks. They all led to pretty hard dumps which people thought would never recover from. These dips just happen for no reason really?
compare to the dotcom era. the phenomena don't exactly match, but they rhyme.
19-25 year olds using web-brokers ran up the dotcom market. the old folks pretended to understand and threw money at every IPO with a website.
sound familiar?
one or two of the pack will be big winners, and then another one or two from the inevitable "crypto 2.0" revamp will succeed. some of the tech is solid and will eventually prevail, but it will be on a longer timeline than you would want as traders.
the rest will collapse, and there will be a show trial or two as official washington catches up.
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dunno about other boards (especially /b/), but alt+255 only functions as a space on Veeky Forums
no idea if there's any way around this
anyway,
as someone who has been around since august of last year, the only thing that came close was the china FUD of september—and that was nothing compared to this shit
that was an acute crash that created a nice opportunity to get into a lot of chinese coins—this is a chronic series of acute declines
uuugh it's fucking slow
if you're like me and you didn't sell 90% of your shit on the way down, it's just a waiting game
october to november was a nice slight incline, with a lot of opportunities to 2x your money
unless you have money aside, this is just shit
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too hard op
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