The cycle:

The cycle:
1. Bitcoin drops 50%
2. alts drop 80%
3. Bitcoin recovers
4. alts stay low
5. Bitcoin crabs for weeks
6. Alts moon
7. Link moons the most
8. Bitcoin drops 50%

Repeat

We will have the next crash in one to two weeks

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Totally agree, user. Fake and gay rally.

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Nobody cares anymore. Each cycle sucks in fewer and fewer new suckers. We’re in the slow bleed out to zero

when will this pattern end?

when people finally forget about alts

But unlike the S&P500, bitcoin will never break new record highs. Each pump will be lower than the last.
2017 was the beginning of the end for crypto.

Good riddance.

>But unlike the S&P500, bitcoin will never break new record highs
nah...it's tied to it... as soon as sp breacks new highs there will be optimismous flowing into crypto
It's clear now that recessions are a meme and bears are deluded... there is no market going to crash because it's inflated... inflation drives stocks upper and upper and everyone is happy
the only things that crash the market nowdays are events like corona virus

Doubt it.
Everyone saw the 2017 shitshow, it was all over the news.
It has also become apparent (if it wasn't already) that poorly scalable databases don't have real world applications besides buying drugs and money laundering (who knew).
After 10+ years, crypto added jack-shit of value to the world. It's time for it to die.
Real investors can see that. Only degenerate gamblers will stick around.

>It has also become apparent (if it wasn't already) that poorly scalable databases don't have real world applications besides buying drugs and money laundering (who knew).
>After 10+ years, crypto added jack-shit of value to the world

This is because you don't know the XSN approach to scalability.
Baeside btc and money without having to rely on banks (which is huge) there are also smart contract, privacy and Defi which will drive the 3th wave of hype.

lol there are still retards that believe this?
how new you are?

>recessions are a meme
no they are serious shit what is a total meme is markets being correlated to the economy.

>SCALABILITY
>3TH

this is an indian.

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>this is the sort of illiterate retard who wants you to pump their bags
Shiggy

why is btc at 9k anyway

Just buy DMG, desu.

Even if that's all true and crypto becomes the new currency, it will STILL be a shit investment.
Don't believe me? Go invest in today's currencies: USD, GBP, EUR, JPY. See how that plays out for you. Currency investing is a terrible idea.

>It's more like gold.
Shit idea as well. Several academic papers show that investing in gold is not only a terrible investment strategy, it's not even a good hedge against inflation.

>no they are serious shit what is a total meme is markets being correlated to the economy.
why the market shouldn't be correlated to the economy?

>sort of illiterate
at least I gave you a logical reason about why there aren't bubbles around ''ready to explode''
Just name me a bubble... which one?
Fed prints money inflation is a long process before you start noticing it .. and inflations means that stocks go up in valuation

there will be a 3th bull run because of decentralization of finance and obv bitcoin willgo up.
So it's retarded to do not hold it now.
OBV by the time it will be stable like gold or any other currency

>there will be a 3th bull run because of decentralization of finance and obv bitcoin willgo up.
Which decentralisation? Where's the evidence for this? Where's the demand for it (besides your crypto bubble)?
Why would governments decide to stop controling the currency? They can just force you to pay taxes in their currency, at that point, no business has any incentive to keep track of 2 currencies.
Speaking of businessess, any big vendor that tried to adopt crypto, rolled back on the project. It's too expensive to maintain 2 systems, and the fluctuations render crypto unusable as an actual currency.

>OBV by the time it will be stable like gold or any other currency
Gold is not that stable (just more stable than crypto).
In order to get crypto anywhere near the stability of current currencies, it would have to have government backing, which defeats the point of crypto.

Your whole post reads like wishful thinking (to be fair, the whole crypto community sounds like this). "This will happen, that will happen"
You don't know! Nobody knows. All we have to base yourselves is the current situation, and the signs are not there.
Live outside your crypto bubble, the real world is not motivated at all to start using crypto.

Are miners like RIOT showing signs of life?

yep. no new money. this paypal/venmo thing is a ruse, at best, it’ll take awhile to implement

According to the ~60 day asset cycle of Bitcoin the next cycle low is "due" in mid July
Sauce: Bob Loukas

kys keynesian

>In order to get crypto anywhere near the stability of current currencies, it would have to have government backing
>fiat currencies
>stable
good god you are unironically retarded

Bitcoin is designed as a hedge against inflation. It will go up in price simply because the demand will outpace the supply. There is huge institutional buying happening right now. This is why the price is so closely coupled to equities now. Additionally, defi is also going to drive large adoption. Loans will be cheaper, interest gained will be higher, taxes will be evaded... finally the tech is already being adopted by large companies and banks.

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Stable unless you live in a banana republic you skidmark.

How much mountain dew could your retarded fat ass buy with BTC today? How about 1.5 years ago? Was that less than half? Super stable, currency of the future right there.
Tell me again how terrible 2% annual inflation is.

>Where's the demand for it (besides your crypto bubble)?
The demand for it comes from servers that are bored to be hacked
it comes from automation (smart contracts)

>Bitcoin is designed as a hedge against inflation.
1.5 years ago or was worth half.
Crashed in sync with the stock market, every time.
Worse hedge than gold, and gold is already a terrible hedge (several papers on that).

>It will go up in price simply because the demand will outpace the supply.
Wishful thinking.

>There is huge institutional buying happening right now.
Such as?

>This is why the price is so closely coupled to equities now.
No, the price is coupled because there is uncertainty in the market, so stocks are more speculative. If bitcoin was a safe haven, it should have gone up when stocks crashed. This did not happen, what more proof do people need that it's a speculative asset?

>tech is already being adopted by large companies and banks.
The tech is adopted by companies which want to extract fees out of retards buying and selling crypto, not necessarily to allow people to use it to buy things (because no vendor accepts it anyway).

>Speaking of businessess, any big vendor that tried to adopt crypto, rolled back on the project. It's too expensive to maintain 2 systems, and the fluctuations render crypto unusable as an actual currency.
The demand also comes when you want to trasnfer 2 million overnight to a friend in USA from EU
you can't do that with your bank