STOP PLAYING YOURSELVES

[Anonymous No.8539958]

You are very deluded if you think this is going to recover. Nobody with even little intelligence will now invest their money in crypto, a place full of shitcoins and projects without a solid roadmap. The entire notion of having cryptocurrencies is fundamentally useless due to volatility existing in a free, unregulated market. This takes away all three potential use cases.

a) A currency. No-one wants to fucking spend BTC/ETH for anything (or any other crypto so don't reply with 'but muh XRP/XRB/BNB etc') if they expect the price to go up or down. Most of you are here to make money off it

b) a digital store of value: again, for the same reason as in a), it cannot be used as a store of value

c) a digital asset. This is useless and is not providing any improvement upon the world since securities already exist, and storing them digitally is not making anything more efficient.

The entire market's bull run was because of a greater fool scheme, as in "Hm, maybe if enough people buy it, people will see the price increasing and buy more, creating a positive feedback loop". But now that that game is over due to awareness peak, it has nowhere to go. You can't compare this to early bear markets, since at no point in 2013/2014 was there an awareness peak. Even Satoshi knew this:

"As the number of users grows, the value per coin increases. It has the potential for a positive feedback loop; as users increase, the value goes up, which could attract more users to take advantage of the increasing value." - Satoshi, 2009.

If you entered early in the market and sold it off, congrats, you were lucky enough and then smart enough to sell off. If you entered early and haven't sold, you're an idiot, but well, atleast you have some gains. If you entered late in the market (more than 70% of you here and more than 95% of reddit), congrats, you are among the dumb sheep that smart people (who own more than 80% of the supply of each coin while calling it 'decentralized') make money off of.

[Anonymous No.8539966]

Nobody gives a fuck what you think, that's why you post on /biz/

[Anonymous No.8539977]

>>8539958
>cryptocurrency is only a currency

ok

bye

[Anonymous No.8539998]

>>8539958
My IQ is 200. You are talking shit

[Anonymous No.8540017]

But what about this
>>8534417

[Anonymous No.8540039]

>>8539958
nice, just bought 100k!

[Anonymous No.8540043]

I love all the salt from these broke ass kids who "invested" in the past 5 months. just lmao. Imagine buying at the top of something in an obvious bubble where the only goal is to sell it for more later on. it was so fucking obvious if you had a brain, or were not a dump college kid who has lived long enough to seen a bubble before.

"nahh bro, this is revolutionary! it wont crash!"

funniest shit is watching those tards on reddit in the highest concentration, completely ignorant to the reality of it being a zero sum game still and being manipulated. if they didnt refuse to believe it they could ride whale tails.

In the end we're laughing at them but most invested barely 400 bucks. why the fuck are they whining and nervous overing losing 200 bucks.

[Anonymous No.8540046]

>>8539958
False. No normies will invest in shitcoins ever again. The ones at the top now will soon reign supreme.

Buy while they're cheap, or by the end of year you'll weep.

[Anonymous No.8540080]

>>8540043
Exactly lmao. I've been in this market for about 5 years, and at first I felt bad for all these newbies flooding in. But without them, I wouldn't have made so much. It's actually a joy at this point, since they refuse to escape their delusions. They literally have no idea how easy it is to manipulate anything when you have so much in this market.

[Anonymous No.8540100]

>>8540043
You described it perfectly by the way, so wanted to make another reply. The fundamental mistake people make is that they fail to realize it's a zero sum game. Money doesn't grow on trees. When you win on a trade, someone has to lose money to be able to give you that money.

[Anonymous No.8540198]

>>8540046

all it wil ltake is market makers deciding to pump to ath again. normies love selling at a loss but they love buying bags at ATH levels even more. they foam at the mouth to do it. next time we will see even more buying in as it has been previously vetted by many normies and that is important to them.

[Anonymous No.8540535]

>>8539958
>Muh volatility

DAI. DGD. etc....nice FUD brainlet.

[Anonymous No.8540571]

>>8539958
A) You can buy crypto with fiat
B) Thus crypto is redeemable for fiat and can thus be seen as a store of value.

Learn2economics, faggot

[Anonymous No.8540647]

>>8539958
The fact that a majority of the market panic sold just because BTC was dropping means that they will FOMO into the next bull run even harder. BTC's chart is full of spikes and crashes like this, so stop trying to sound like you know any more than the next faggot.

[Anonymous No.8540698]

D E C E N T R A L I Z E D

[Anonymous No.8540744]

>>8540571

lmao, with that shit. as if anyone buys crypto to store value. you buy it to sell it higher.

[Anonymous No.8540976]

>>8539958
will i still be able to day trade?

there's going to be more volatility than ever right?

[Anonymous No.8541175]

>>8539958

It will recover in mid-July after consolidation

[Anonymous No.8541313]

>>8541175
just in time for regulations?

https://cryptoslate.com/g20-crypto-regulation/
>G20 Leaders Say Real Crypto Regulation Coming In July

this wont affect day traders will it?

the overall sentiment is that regulators want to put some regulations in but not destroy the markets