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8636049 No.8636049 [Reply] [Original]

The moment we break through the downtrend we will all be filthy rich

>> No.8636072
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8636072

>>8636049

>> No.8636117

These charts make me laugh every time. There are people on this board RIGHT NOW that unironically think it will bounce back and moon like that.

>> No.8636145

>>8636117
why wouldn't it? it's done it like 4-5 times so far, and that was without the interest of governments and other institutions

>> No.8636160
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8636160

>>8636145

>> No.8636164

>>8636117
This is the shakeout. We should be super excited.

>> No.8636197

>>8636160
explain

>> No.8636239

>>8636145
because there's no more retarded boomers to buy into this ponzi scheme. it will never reach ATH ever ever EVER again. you are destined to be a lowly wagecuck, sucking mr goldstein's dick just for the hope of a raise, for the rest of your pathetic existence.

>> No.8636265
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8636265

>>8636049
>we will get to re-live the bull-run of 2017
>possibly even with the exact same prices for everything
might not happen soon, might not even happen this year or next year. but it will happen one day

>> No.8636275

>>8636239
never ever ever EVER, you say? what if you're wrong?

>> No.8636282

>>8636145
Because you had the media

Now literally every media house is against crypto and all crypto advertising is banned everywhere.

Go on smart ass explain us how you get new bag holders.

>> No.8636320

>>8636282
The media will go bull again when they tell them to

>> No.8636347
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8636347

>>8636282
>Now literally every media house is against crypto and all crypto advertising is banned everywhere.

You know how many times China banned and unbanned crypto?

>> No.8636362

>>8636282
we've had the media lol from 2009, 2013 and now. nothing has changed there. And of course it's banned, it's risky investing/gambling/trading/whatever the fuck you want to call it. you don't see "BUY MCDONALDS STOCK" plastered across billboards for the same reason.

>> No.8636439

>>8636362
you don't get. it has always gotten SOME media attention. but still 98% of people had never even heard of bitcoin or any crypto. that changed this year. now every normalfag has heard about this epic get-rich-quick scheme. if they wanted to buy into it before they would've done so. but now even they realize it was a bubble that has now popped. it's over faggot. it will still be traded of course but there will NEVER be the same volume.

>> No.8636482

>>8636439
>there will NEVER be the same volume.
your usage of absolutes is pretty dumb. crypto could get back to ATH in 5 years and it would beat the average rate of return on the stock market by far. stockfags wait an average of 7 years just to double their money.

>> No.8636564
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8636564

>>8636145
No, it has never once "bounced back and mooned" from an actual downtrend after a bubble popped.
Learn to be realistic about the lifecycle of these bubbles, and you will be rich.
Every time Bitcoin mooned, it was after a year give or take of trading sideways and a very gradual, slow uptrend.
We are not even at the beginning of one of those yet.
It will be at least a year before the peak of the next 50-100K bubble.

>> No.8636647

>>8636564
A recovery could take a shorter amount of time now because it has even more attention

>> No.8636688

>>8636564
How low do you reckon BTC will go and eventually move sidways for months on end?

>> No.8636746

>>8636647
It has "even more attention" every time - How many bubbles have you been involved in trading through?
Every time it's the exact same story.
Yes the stakes are bigger each time.
But that's perfectly well reflected in the bubble being bigger each time.
How long it takes, however, is simply how long it takes everyone's moods to change and for them to forget the crash.
Which does not change.
Accounting for the bigger scale, the same thing plays out every time.
Do not delude yourself - Be realistic with yourself about where we are in this, and you can take advantage of the next bubble.
Just recognize that it's a ways off, and there will be a lot of temptation along the way.

>> No.8636770

>>8636688
I think we're very close to the floor - Lowest I'd say is 5-6K, and it will be in a channel between there and 9K or so, for months on end.
Then an uptrend will start gradually, which will lead us into the next bubble in like a year+.

>> No.8636775

>>8636482
5 years is WAY too fucking long to wait for a return. I'd rather jerk off to porn where the women spread their asscheeks upclose to the camera instead of double my money in 5 years you little kike.