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The pain is almost unbearable, I've seen crypto influencers in twitter capitulating already, the bottom is close (1-6 months)

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by COINS NEWS 98 Views

I wrote a few threads where I said the bottom was NOT in, link below. People were too optimistic for the bottom to be in, we need to see anger, capitulation, disbelief, and I'm starting to see it now, there's more pain to come in the next weeks in my opinion, but after that pain I think we'll see crypto going lateral for months in a accumulation zone (maybe between 9k and 17k) and if most people is pessimistic about the future, the bottom will be in. Keep being strong, there's no bottom without max pain and without 90% of the people leaving the space, it's something I had to endure during 2018 and 2019. And remember, at the absolute bottom you'll be bombarded with the worst news you can imagine, everybody will say crypto is dead for good, otherwise people would never sell with that big of a loss, you can't understand how people sold btc at 3k but when there's panic you'll understand, they only sell because they're scared to death and the sentiment for the market is awful, you have to live it to understand it.

By the way, I have some cash to buy lower but I still hold crypto that I bought with btc at 30k, 21k and 19k, if I don't sell it's because nobody has a crystal ball, so I don't know where the bottom actually is. This is low, I don't sell low, even if it goes lower. If it goes lower I buy more. That's all

Not financial advice, do your own research.

My old threads:

https://www.reddit.com/r/CryptoCurrency/comments/y5e2bz/this_bear_market_will_be_hard_and_we_have/

https://www.reddit.com/r/CryptoCurrency/comments/y1yjuf/people_who_think_its_a_good_idea_to_invest_in/

submitted by /u/Lezonidas
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