Why did it happen?
2018 bitcoin crash
Brayden Allen
Other urls found in this thread:
statista.com
twitter.com
Ian Turner
Not as many institutional investors. It’s real now.
Jayden Ross
Because of some dudes who made the heist of the century that are trying to dump the robbed btcs.
Eli Morris
Weak retail hands
Alexander Murphy
because we x20'd the previous ATH
same thing will happen again watch out
Anthony Wright
Retard alert
Nolan Morris
>the highest market cap in the world will be a magic bean ponzi p&d with no inherent value that can't produce anything
kek but i believe it cause it's literally clown world
Joseph Adams
nigger alert
Jason Carter
It crashed because it was a classic parabolic blowoff top, TA 101, nothing to do with “institutional investors”
Nolan King
It was a cycle dump, but also, CSW FUD caused it.
$3000 appeared for the first time in 1st August 2017, when BCH forked from BTC.
When BSV forked from BCH in 2018, the price was revisited.
This was the floor of this cycle, and it was 2.5x the previous ATH. So we can guess that, if bitcoin reaches 300k at end of 2021, we will have a floor around 40-50k in 2022.
Jeremiah Harris
what does gold produce?
Caleb Jackson
Gold is used in the industry, to make precision instruments.
Hudson Clark
end of a cycle, bitconnect exit scammed which was a signal for all the scammers to follow, the CME meme became true and then it's on eth shoulders.
2017 bubble was mostly driven by ICOs on eth, teams speculated their eth would go up and kept their treasury fund in eth, when it started to pullback a lot of them sold and send eth to hell.
(many sold at loss because they collected funds at >$1k eth)
and the best ICO was substratum if you ask me, because they went straight to bitmex to trade their ico fund, like absolute fucking chads
Blake Martin
99% of gold isn't used for that
William Perry
Except as the market matures the extremes will become less and less extreme, I’m thinking more like 100k this time for the highs and lows around 20k
Grayson Harris
Gold is never going to be worth "1 million dollars an ounce"
Colton Jackson
yeah but people use it as jewelry too, nobody isn't saying that it's price isn't inflated by speculation but it has an inherent user case value
Jacob Stewart
This and too much retail
Owen Price
statista.com
Wrong, Jewelry made up almost half of last years demand. Im long BTC ETH aswell as gold and gold stocks, dont type bullshit before researching
Kayden Wood
because it exceeded a healthy ath of 10k by 100%
Kayden Long
>It crashed because it was a classic parabolic blowoff top, TA 101
Basically this. We find reasons for it after the fact, but the wave broke because that's what waves do when they get that high, that fast.
Myriad factors come into play to determine exactly when a bubble bursts, but they aren't really the causes. It's more correct to say that the bubble bursting caused those factors....
Ryder Bell
kek
>TA 101
how about
>hindsight 2020
why dont you call the top now then? its clearly euphoric at this point
Carson Brooks
>institutional investors. It’s real now
such as?
Ayden Gutierrez
that's bearish for gold
secondary demand disrupts it's function as money
Colton Hill
Lmao
Jaxson Moore
There is a great hype around Pteria DAO and there are some reason why you should chose it
> staking system with $PNT and $DOUGH token rewards
> stable APY on staking of 24% (2% monthly)
high ratings on CMC and CoinGecko with token price rising (5-15% rising just for a day)
> first DAO that cooperate with Wallem, modern blockchain game, NFT rewards
> pteria.org
> t.me/pteria
Nathaniel Garcia
Btc went 20x in 2017, yeh.. just bitcoin, that’s how
Noah Murphy
Oh sweet summer child, you haven't seen euphoria yet.
Connor Davis
ETH actually does stuff this time around
Jeremiah Wright
>euphoric
>at this point
KEK ... new here?
Ryder Jones
Don’t buy. It’s a scam!
Wyatt Turner
>its clearly euphoric at this point
You've been posting this since 3k