/biz/ - Business & Finance

Thanks for keeping thread alive guys, I found a few more interesting ones.

https://archived.moe/biz/thread/12120356/#12120356

Dec 14th, the day before the bottom:

>We are going to be in stagnation for at least a decade. In the meantime all the scammy ICO shitcoins and Ethereum will die the fuck out. Only once people have completely forgot about December 2017, and zoomers reach their mid-20s, will we have a fighting chance of another bull run. The next one will be the big one though, because it can’t be fueled by FOMO speculative mania. It will be Bitcoin replacing USD as the reserve currency.

>People need long enough to forget about crypto and how much it burned people and time to build up some more money to buy back in. I could see it going up next year or the year after, but not much longer than that. Honestly, we've learned now how this works and we should hopefully not get burned next time.

>This feels different. The people who are all saying it's going back up are all December/Jan buyers as far as I can see. It used to just be the fanatics who would be optimistic in times of peril, but the real fanatics I think are gone at this point. I was never as fanatic and I tried to time the market too much and never made it, should have just held like all those guys I thought were delusional. Now I'm stuck with Dec/Jan buyers and pretty sure this shit is honestly not going to bounce back the same way it used to. There was too much interest in 2017 and it didn't end well for anyone who didn't sell before Jan.

>2017 was a once in a lifetime thing, the perfect storm, people thinking we will suddenly get momentum back after everyone got fucked in 2018 are delusional.