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It happens like clockwork after every next step up. We don’t have a lot of history, so who knows how long the pattern will hold, but this was fairly predictable
by christophilus 5y ago
It happens like clockwork after every next step up. We don’t have a lot of history, so who knows how long the pattern will hold, but this was fairly predictable. If past trends are predictive, it’ll bottom in the mid 20s to low 30s, consolidate for a while, then hit 100k. Rinse and repeat.
To be clear, I own some cryptos, but treat it purely as the speculative gamble that it is.
- chii 5y ago> then hit 100k. Rinse and repeat that's purely speculation - it might or might not. It depends on the chaotic forces of the market participants, because there's no underlying intrinsic value for crypto.
- christophilus 5y ago> To be clear, I own some cryptos, but treat it purely as the speculative gamble that it is.
- halfmatthalfcat 5y agoThey're pointing out the hypocrisy of your speculation as you're speculating about speculative market trends as past trends can very well not be predictive.
- stephc_int13 5y agoIf you are a gambler, crypto is a dream asset, with a good combination of talent and luck you can make good money. But don't be dumb, it will plunge for real at some point.
- rcxdude 5y ago> Rinse and repeat Until it doesn't repeat, which gets more and more likely each cycle.