Another awful zerohedge piece. I don't appreciate people equating economic loss with pain. Crypto holders can suffer all the pain in the world and I couldn't care less. People suffering real pain, physical and mental, on the other hand, get my sympathy.
I survived the 2014 bear market. They say not to buy until there is blood in the streets.
I have yet to truly see blood in the streets proceeding the 2017 bull run. Yes, the bubble popped. But it wasn't bloody. You won't see blood until the long-term support breaks. And we're just now close to touching that support level. Each bounce up has less and less momentum. I would be shocked if this bear market turned bull without the kind of capitulation that has historically been warranted for Bitcoin/crypto. But who knows. Maybe this time it will be different. I personally don't think we can have another bull run until Tether finally collapses.
Absolutely! That is what I have been saying for awhile. Once Tether collapses and exchanges realize that it's just fractional reserve banking essentially, they will not allow Tether trades for other crypto. Then the heavy market manipulation will reside for awhile, until they (the banks) produce another alt-coin to do the same thing with.
Well, I did call out BCH ("top cryptos").
Speaking of BTC-BCH dynamics in this situation, many hodlers aren't happy about the drop but over-all the BCH users are more likely to spend (use) their coins so BCH could end up having fewer disappointed hodlers and more heavy users. I am not saying it will overtake BTC, but it could do relatively okay. Of course the fork and other bullshit that's going on will have an ever larger effect so I wouldn't try to actually predict where BCH will be 2-3 months from now.