DEAD AHEAD: Temporary Loss of Confidence©

in #cryptocurrency7 years ago (edited)

Cryptocurrencies are here to stay. Genies don't go back in bottles!


Bitcoin, Litecoin etc are vastly better, fairer and honest than the utterly corrupt system they replace. Ethereum and similar platforms/operating systems will revolutionize everything from mobile computing to law.
They are the future. Period.

But prices have had an ABSOLUTELY INSANE run this year.

BTC @ $4,400 is the top.

** DING DING **



Down we go.
Down.
Big rally.
Down harder.
Another rally.

Then total freefall...

freefall.png

The narrative swiftly changes. There will be a bogeyman. A reason to panic; whatever, something anything will do. It doesn't matter it just needs to be the back story for the...

** Temporary Loss of Confidence© **



The down will be quick, but the banging along the bottom will be devastating. Slow drip drip, it'll drag out interminably for weeks, months on end.

** Almost no one buys BTC at $852. Or ETH at $35.23 **



YouTube pumpers go silent.

By mid-2018 more than half of today's crypto's will be a distant memory. Many former crypto hundred-thousand-aires will be back at their old jobs.

old_job.jpeg


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