It'll only end when those same people have either capitulated or stopped buying. To see this sub during the last bear cycle was magical - it was almost a ghost town compared to 2017. It was only at that kind of capitulation did crypto finally bottom out.
After all, Bitcoin hit 20k in its last bullrun, and fell all the way to 3k in the subsequent years. That's a nearly 90% drop - We're barely past 50% down from this cycle's ATH.
People saying that now is the time to buy sound like they haven't truly experienced those kinds of drops.
By all means DCA, but truly do not put in anything you can't afford to lose. Even if these prices look great compared to last year.
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
π° Install these recommended apps:
π² SocialGood - 100% Crypto Back on Everyday Shopping
π² xPortal - The DeFi For The Next Billion
π² CryptoTab Browser - Lightweight, fast, and ready to mine!
π° Register on these recommended exchanges:
π‘ Binanceπ‘ Bitfinexπ‘ Bitmartπ‘ Bittrexπ‘ Bitget
π‘ CoinExπ‘ Crypto.comπ‘ Gate.ioπ‘ Huobiπ‘ Kucoin.
Comments