@G_maker Maybe so. Maybe not.
I don’t need a catalyst, I need a price I’m happy to hold at for long term. 50% off an ATH was good enough for me, if it goes down further, I buy more.
It’s the destination which matters, and that eventually points significantly upwards.
@G_maker I don’t think the broader crypto market will recover like it has before and most of these washed up projects will likely die.
Bitcoin is a totally different kettle of fish imo.
@G_maker Bitcoin and crypto are two different things in my opinion now.
Bitcoin has a relentless bid by Saylor, sovereign wealth funds eyeing it, ETF’s, institutional funds and insane money printing causing inflation.
If that’s not a good enough reason, I’m not sure what more
@G_maker Okay, let’s agree to disagree.
My point is that not every bottom needs to be a “generational entry”. People expecting some large scale capitulation aren’t any more correct than people who think that the bottom may be in.
Truth is, nobody knows only time will tell.
@G_maker I think a 50% pull back on a maturing asset is a pretty good entry. There are no “rules” to a bottom, otherwise, everyone knows
It’s the bottom and everyone would be rich by buying it.
@BigCheds@Mastery_1122 People should use their own brains.
That $60k level was a generational buying opportunity. Who gives a fuck if this chump has $300 of cash on the sidelines.