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52928674 No.52928674 [Reply] [Original]

the 2018 bottom, for around 6 months was just persistent tether fud. i remember it well.

>> No.52930163

>>52928674
We are probably going to do a painful grind to $13-$15k to reach the true bottom, it will be soon though.

>> No.52930243

>>52930163

It’s possible but we dont really have to. We had a capitulation and plenty of people, more than enough, have given up and hate crypto or wont touch it now.

>> No.52930394
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52930394

>>52928674
I'm just going by this chart so it's not really based on anything concrete, but the general feeling right now based on crypto communities I'm in feels like anger. Regardless I started DCA'ing into only BTC for the moment since it doesn't matter too much in the long run whether we grind down another 15% or so to risk missing out. Alts are probably going to get nuked once more which will coincide with the absolute bottom.

>> No.52930469

>>52930394
Bitcoin dominance is too low for this to be the bottom.

>> No.52930511

>>52930394
I didn't say this was the bottom I said we are close to the bottom. The dumps are getting weaker and weaker, like FTX barely moved the price. Most people left are just waiting for a catalyst that will reverse the current trend, hence the Fed pivot meme.

>> No.52930517

>>52930511
Meant for >>52930469

>> No.52930527

>>52930163
>painful
>earning more bitcoin for the same job

>> No.52930656

>>52930527
Meant from an investor standpoint, you know it.

>> No.52930672

>>52928674
tether fud will be back right after binance collapses
except it's not fud, tether is a scam too

>> No.52930678

>>52930511
you aren't wrong
there are more people aware of crypto now
but there might be another shelf it falls to like in 2019

>> No.52932474

>>52930469
>Bitcoin dominance is too low for this to be the bottom.
why btc dominance being high means it is the bottom?

>> No.52932518

>>52932474

He’s a benjamin brainlet.
BTC dominance is useless. Almost anyway. Definitely for macro. Thousand and thousands of tokens are being created watering it down with wash trading

>> No.52932568

>>52930243
Can confirm been here since 2013, am a dev myself, capitulated this last weeks dump. Looking for a job now. Preferably web2

>> No.52932569

>>52930394
this chart is a meme, it's just cisco systems sell off after 1000x pump, it's slowly recovering to ATH again after 22 years from the high

>> No.52932581

>>52930163
why 13k?
why not 3K? 9k? 14k?
imagine thinking you can call the bottom based on anything other than random number guessing.

>> No.52932590

>>52930672
>except it's not fud, tether is a scam too
CIA will never let tether fail

>> No.52932598

>>52932568
It's actually so bad that even if it is the bottom i just literally do not care any more

>> No.52932655

>>52932581
BTC price movements are getting smaller while the volume is slowly increasing, make of that what you will.

>> No.52932765

>>52932518
BTC dominance is decreasing because thousands of alts are added every month, not because existing alts outperform BTC.

BTC dominance will keep going down but existing alts will dump hard against BTC

>> No.52932793

>>52932765
BTC dominance in relation to only the top 100 coins of the previous year (to account for coins dumping and new ones pumping) might be a more interesting metric.