More fall to come?
...and perhaps the most significant thing is not that we are attached to the stock market but the desire to sell and flee that some have lately.
Going around social networks and others, I found this chart that has left me worried.
We have gone in a few days from an accumulation environment to a distribution environment, that is, the balance of BITCOIN in the exchanges has grown more than 3% in the last 24 hours, something that has not happened since July 2021.
It's business as usual, money passes from the impatient to the patient...
This scenario does not augur good times if things continue like this, although it does offer good opportunities for all those who thought they missed the boat.
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https://twitter.com/thecryptorunner/status/1522495824407764992
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How long can it last, three months, six months, a year? After all it is in an uptrend for over a decade. Cycles might have changed as well.A
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I expect it to last a few weeks, not so many, triggering capitulation
I believe that as well. Soon plebs will realize cash is trash.
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well, if this is the end of the bull market it was kind of a crappy bull tbh
Come on!
no $100k bitcoin or $10 Hive ? I demand a refund :P
It all depends on your view of the long term. if you think about a $1,000,000 bitcoin, then you will have time to buy a ticket for a boat).
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I only think to get my third one 😂
Then your boat will be difficult to rock)
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I believe that we are in for 2-3 painful months "at least".
The Stock and Real Estate markets are crashing which will push us over the edge.
It will be interesting to see projects and blockchains which survive it.
I agree
Do you mean you think main blockchain will survive in your opinion or you mean you doubt about this?
Exactly. The current dump will last for atleast 60 or 70 days. That's what I think.
What makes you think so and what's your calculation based on?
I'm following matic. It didn't go under 1,2/€ for a long time, so I've bought quite some between 1,2-1,25. When I saw it going after that to 1/€ and don't see it recovering die a while, even doing now to 0,93 I get a bit scared tbh
What do you think, Is it really bear?
yes
I think that too. By the way, I tried smiles but I think our country has restrictions.