Just last week I was talking to someone so deep into the crypto that they didn’t see this collapse happening. I straight up told them it was about to happen. I hate to say I called it but me along with alot of others called this drop.. The markets not only in the traditional markets are down but the crypto markets are also getting killed right now. I’ve been in this game awhile now to know when I see a bubble. This was too hyped, too fast, too high, too quickly. Thats just a recipe for a massive drop… Just look at every bubble that developed before this… Everyone that got in late 2017 needs to take a hard look in the mirror and realize they were late.
Others were there befoe you were like the Winklevoss twins.
They are the real winners here but I can also see their lives being chaotic from their life wealth flucating by these numbers.
The BTC market will stablize by 2020 and it will because another couple financal crisises that develop in other countries. BTC and other cryptocurrencies are a no branier to move wealth into just in case you need to dip from a dicatorship or shinking ship.
- The Savings and Loans Crisis 1987
- The Tech Bubble 2001
- The Financial Crisis 2008
- The Crypto Bubble 2018
It was too obvious too see with all these MLM scams crumbling like BitConnect and others. It really has become an endurance test for the long runin this #cryptocurrency game. Everyone that got into crypto needs to undertand that they bought into the new gold. The new store of value for the definition of wealth. Don’t get fooled but unknown altcoins, stick with wellknown coins.
We are the new holders of wealth.. in ETH, and in BTC… All these other alt coins are garbage and everyone already know it secretly. Bitcoin is the best choice for your “investement” in this cyprto realm… Just put it there and in 10 years, you’ll thank me.