It is getting insane now. Watching BTC, an $8.5k asset, move 15% in 3 days is madness. A new fork every day creating money out of nothing. And BTC still isn't being used (substantially) for anything but speculation; there is no substance! Yet you can see the fomo and greed building.... these are worrying signs indeed.
I'm looking forward to the major correction. I will short, make money, and buy back in when the bull mania has ended.
I couldn’t agree more, but a 98% drop isn’t a correction! It’s the end :) A 20 - 30% pullback seems more than reasonable though given the hysteria. I’d be a buyer again at those prices. Would love to pick some up at $200 too! ;)
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Exactly. A 98% drop is not a correction. I don’t see how any asset can recover from a crash such as that. 20-30% seems reasonable, even 50%. Bitcoin has had similar before.
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It's not money out of nothing. It's just like any other altcoin. It has value because people give value to it (and put money on it).
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I'm on the same wavelength as you, come on correction!
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