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RE: CRYPTOCURRENCY BUBBLE BURST

in #news7 years ago (edited)

Having gotten into crypto last December and sitting on huge losses (even after trying to average down), I don't have much hope. Call it FUD or whatever, but this crash has lasted for months now, which is a long time in the crypto space esp. given that it's a 24/7 market. If the All Time Highs are not broken soon then crypto will lose all attraction to investors, especially since most got burned. I may hold for a couple more months but that's it...at some point it's just dead money at best and the chances of going to zero increase every day. Crypto is not new but now that it's a bear market everyone is talking about the long term and "years"..nobody spoke that way before...I find that the cryptosphere just changes it's story every day. Everyone said things would get back in gear right after Chinese New Year, that didn't happen and in fact most coins crashed much further. Too much Kool Aid everywhere, without any critique.

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It is very good of you to share your sobering personal experience in buying cryptocurrency. On reflection, I imagine anyone first jumping into the crypto markets in December 2017 is likely to be underwater right now. I agree wholeheartedly that stories published about cryptocurrency are often imprecise and inaccurate. I address that theme in my previous post "FAKE CRYPTOCURRENCY NEWS". Best of luck.