What exactly happened during the 2017 crash?

What exactly happened during the 2017 crash?
Were Anons still able to sell in the days when the price was full falling?

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the one thing i remember was that everyone thought it was just a temporary drop and would come back up soon, never did though

There was a day where everyone woke up and literally everything was down 20%. Of course no one sold. Then the next night it happened again.

I ended up not selling anything and am still holding my bags to this day.

so what happened overall? I mean yeah you probably lost a lot since the top, but if you f.e. first go up 1000% and then lose 50% you've still made some nice gains right?

This, he still has 950% left if he only lost 50

Price dumped before Christmas. That was smart money getting out. Price dumped again early January. Zig Forums thought it was just a passing moment and that the price will retrace.

Current pump is due to Fed money printing. If there's another panic it will probably dump, that's a good time to buy.

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transaction speeds were insanely stupid, paying $20 fees for btc transfer and exchanges "temporary maintenance" left and right. was a shit show.

some people just watched their networth melt in front of their eyes and post pink wojaks on an imageboard

My 26k req shittokens were worth 30k usd

the next thing I know, they are worth less than 3k

amazing times

Also forgot to mention the death of bitconnect. That disillusioned a lot of normies too

This is the only time I am gonna say this, and your beliefs won't matter. I'm tired of this board so let all the idiots who won't read this lose their money.

The dump is coming sooner than you think. Take. profits. now.

My folio went from 26k to 1.2k and now its over 65k

crypto is retarded and hilarious

As a veteran in the field who missed so many golden opportunities... This.

It's always the same pattern. Price creeps up, mania eventually kicks in, then the price skyrockets to a new ATH that is about 10x or more the previous ATH, sell-offs occur, the price drops, recovers a bit (= that is when you know you have to sell), then drops all the way down.

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The thing is it wasn't just a 50% drop. What you have to remember is at the time any coin with even the slightest hype behind it was worth a fortune and massively inflating. I had about a third of my net worth in xlm and link, the rest of it was chasing moonshots on a ton of shitcoins. Thankfully my link didn't crash at all but I was only left with a small pot of it regardless.

You had shit like deepbrainchain being hyped, I remember I had a stack of it worth about £400 back then and it sank do about £3. It was the same with all the others - at one point I had about 20 stacks each worth triple digits that are now almost all single digit stacks, maybe a couple early doubles.

It didn't just sink, it fucking collapsed anything without fundementals

In hindsight this kicked it off

So get rdy when cro goes down

I invested around 3k in total in 2017. Fairly safe investments and right before the peak the shitcoins on kucoin were exploding. So I moved most of my holdings into kucoin shitcoins. Had around 12500 just before it crashed. Always thought it was just a normal correction like many times before until it crashed even further. Most of my shitcoins went down up to 95% and I ended with around $300. Said fuck it and left it as it was and didn't invest or touch it until May 2020 when I saw chainlink saved my portfolio. Back into it now. Been in crypto since 2013 but unfortunately never held by initial btc, spent it all. I was consireding putting in a bunch of money in 2018 and 2019 but I was already down so much I didn't want to risk it

But you could apply that to literally any dip

>WE'RE GOING UP FOREVER, SMART MONEY IS IN
>CNBC BTC & XRP screenshots posted every 30 minutes
>we slowly start dumping
>"Ayy deadcat, we're gonna hit 100k"
>nobody sells, we all lose money
>pink fields ensue
>entire board activity plummets
>Ripple posters dead by end of year, XRP shilling ends

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Oh fuck, you just reminded me of deepbrainchain. I have that shit sitting on Kucoin still. Thought it would make me a fortune

>So get rdy when cro goes down
Except CRO is not going down.
Imagine comparing crypto.com to the likes of jeetconnect

>biggest bubble in history
>everyone thought it's just gonna go up
lmao no smart people sold
Retard detected. 20-100X wasn't enough lmao. Hope you kill yourself.

So you guys could have cashed out at any time?
What the fuck...

Uh no, obviously not. This only applies to huge price breakouts. Like if there was a dip in the BTC price right now, I wouldn't be that worried, since it took half a year for the price to double. In an actual bubble, doubling would happen in the span of a few days.

If you're in an actual mania phase, you'll know (take STA at this moment, for instance)

>it'll never happen to me!

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If you weren't there you don't understand. We had gone through plenty of dips before but were making insane amounts of money, we had been convinced by our success that this shit would last forever. I only got in for the last couple of months of the bull run and managed to 20x my stack, I can't imagine how invincible people felt he had 100x'd

What were the sell signals?

>Celebrities posting about crypto
>Finger nail paint of alt coins by female celebs
>Girls posting on biz
>Normie friends believing their TA worked when really anyone could make money
>Normie friends start giving buy recommendations
What else

>What were the sell signals
Normies

Iron hands will be rewarded

It was basically the dotcom bubble but for memecoins. Don't worry, you'll experience it again when the nasdaq pops next month

don't even get me start on 2017. i bought the top on xrp. yeah. I bought 2.5k xrp for $5000 when was $2 a coin. Today it is worth $750. That was most of the money i had saved from my fast food job at the time. I've since made some back on other coins but damn, it's coming up on three years.

Sell signal was when my tech illiterate gambling addict co-worker had downloaded tabtrader and was trading shit coins like he was taking bets on the dogs at the racers. Holy fuck I should have sold then and there

fucking kek retard.

Heard some rando moron at work talking about how their parents had bought a BTC.
Also after the crash got to listen to the office bitcoin wizard (who couldn't event figure out how to manage a service desk team properly) talk about how "we know the yearly pattern now...it'll recover" and then watch him become more dishevelled as the weeks rolled by

Not any dip, but you have cracked on to why the bubble is hard to identify before it truly pops.

lol, it hurts mate. i post some of those mellon threads, in hopes of one day recovering from this

Ok buddy

> lmao no smart people sold
This.
I bought in March and now I’m selling while everyone is eagerly buying my bags after I’m up 10-20x
I follow a few whale accounts as well and they’re laddering out as well.

> it's just another dip
> it's just fud gotta keep holding
> I'm still up a lot no point in selling yet
> everything is on sale I'll buy more!
> No point in selling now it'll go back up as soon as I sell!
> I'm still break even at least
> I'll just delete blockfolio and hodl
> this has to be the bottom
> why the fuck didn't I sell when I had the chance

sounds about right, although selling too early can also hurt. You can't really time the top or the bottom.

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this. fucking almost kms back then.

Literally every shitcoin shilled heavily here back then all had 50-100x correction.
Member waltonchain? Bought it for 60 cents, went up to $40 I think.
I took profits from $25. Even when people were posting $100 eod and $1k eoy memes on the daily.
When everyone is greedy, that’s when you should be taking profits.
Same shit is happening again. Good fundamentals won’t be hit the hardest but expect a 10x correction still.

Don’t tell him.
Kek.

Pretty retarded to ladder out now. BTC hasn't even hit it's previous ATH yet.

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