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RE: Poll: Are We In A Bear Market Or Is This Our Normal Crypto Market?

in #dpoll5 years ago

The crypto ecosystem of investing has become very skiddish, or weak among the groupthink that is out there. Crypto investing went from a fear of missing out, to a much great fear of overpaying for something that will eventually give you a chance to buy on the dips, which is what I think a lot of the crypto world is in as far as mindset goes. If I like at X price, I will really like it 10-20% off X price, or maybe if I am lucky even cheaper than that. I think it will always be up and down depending on the number of "day trippers" or casual traders come and go. When BTC went nuts everyone and their brother had it, the second it showed any sign of weakness we have an instant crash. There are a lot of weak hands in this place and you just need to be prepared and think that way, in my personal opinion. It's different though when you have steemmonsters cards that are done printing versus any given crypto that can be subdivided infinitely (it seems) and countless others popping up. There will be a great extinction and consolidation once some of these groups start figuring what practical answers there are in the real world versus coming up with concepts and models that have more to do with random thoughts tossed into a bottomless pit versus targeted actual answers to utilization in a given field.

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There's a large group that are invested in crypto to get more USD so I tend to agree with your assessment that crypto is full of weak hands that are simply waiting on one reason or another to sell.

!BEER



Hey @cryptkeeper17, here is a little bit of BEER for you. Enjoy it!

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