Post
Topic
Board Altcoin Discussion
Re: The bottom will drop out of the alt market soon
by
Nxtblg
on 27/03/2016, 15:36:19 UTC
And you and every other person expects this to happen, right? 
 
Remember the first time Apple was 'going to $1000 each' and everyone knew it for a fact?  What usually happens when the majority of market participants believe something will happen?

Good point. That's why I got skeptical when all those "new bear market coming" scare stories were splashed all over Marketwatch and CNN a/o six weeks ago. It was the reverse of the optimistic "We're Saved" items that proliferated in January of 2009 & a little earlier. The final "capitulation" drop from mid-February to mid-March was so bad, it constituted a (mini-)bear market within a bear market.

Given that the pessimism was so thick, I'm actually expecting a final blow-off top before the real bear arrives.