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11268880 No.11268880 [Reply] [Original]

Protip: If you've been buying since January after the bubble burst, you're now just liquidity for whales to continue cashing out. Look at the stratification on Bitfinex in the order flow history, large sellers stratifying their stack across tiers and reallocating once each lower level is taken up by small scale buy orders.

This will bleed sideways and down over the next 3-5 years until the average normie forgets this bust cycle, they all got burned with 60-80% losses after they jumped into Bitcoin and other cryptos. They're not coming back anytime soon and the "institutions" will not invest what is an obvious investment pyramid scheme and where they have no use for the underlying asset.

If you're intelligent, you've already made money on crypto. Your moon isn't just around the corner. Those desperately hoping that November-December suddenly incites another frenzy will be sorely disappointed and after that they will start to leave, leaving another crash in Q1 2019 to down around $3K.

>> No.11268885

Anyone who though BTC would keep growing is retarded

>> No.11268923

>>11268885
moon juice is dangerous.

>> No.11268929

the average normie already forgot that crypto exists

>> No.11269203

>>11268880

hashrate is growing at an even higher rate than it was even in q4 2017. lots of people are placing extraordinarily large, illiquid bets on bitcoin (mining farms). during the 2014-2015 bear market the mining rate stayed flat. you're wrong.

>> No.11269237

>>11268880
Only grandpas care about BTC t b h. Crypto market moves much faster than regular markets. Everybody with an IQ over a 145 knows Bitcorns are over.

>> No.11269270

>3-5 years
might as well say 20 if you're going to pull numbers out of your ass

crypto isn't going anywhere, and whales are the ones that know this, more than the speculators that are cashing out. the guys that still own millions worth of crypto at these bear market prices aren't the ones that are cashing out now, they don't need to, theyre already living comfortably.

>> No.11269321
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11269321

>>11269270
Its not out of my ass.

The last cycle that busted took 3 whole years to return to its former ATH and pass. It will likely take a bit longer since this cycle was mainstream knowledge.

>> No.11269364

>>11269321

>says he didn't pull it out of his ass
>describes how he pulled it out of his ass

>> No.11269377

>>11269321
the previous run up to 1k might as well never have happened, the bear market was purely down to external factors like mtgox.

what we're seeing now is a standard bubble cycle, which have all resolved themselves a lot faster in the past, but we still have zero data on a one this size.

>> No.11269572

>>11268880
$700 million invested into a single bitcoin mining operation in upstate NY in 2018....

>> No.11270169

Bitmex is fucking bitcoin up. All these peeps losing money gambling on futures. If they put all that money in bitcoin and altcoins we would still be bull.

>> No.11271080
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11271080

>>11270169
Its always been a gambling token.

Bitcoin is useless as anything but a vehicle for generating volatility in its US dollar pairing.

>> No.11271089

>>11269377
Nope, it was declining before then. Mt Gox simply quickened the pace. Now without that external meltdown, its simply a slow bleed down over the next few years.

Anyone who thinks we're suddenly going to have another moon for no reason, because it just will happen if you wish it to be, is only deluding themself and losing their own money.

>> No.11271247

Capitulation, the thread