When will you guys realize that all this doom and gloom speculative bullshit serves only to create downward pressure on the price? It's a self-fulfilling prophecy: you've got some douche w/ a YouTube channel making predictions based on technical analysis and saying the market will correct by however many percentage points and the saddest thing is that people take their speculative bullshit seriously.

Technical analysis doesn't work. Nobody has any fucking clue where the market is headed. No one! Even back in 2013, the BTC market was pretty darn efficient already. Moves on a 24 hour time scale were for all intents and purposes impossible to predict. You can't time the market unless you have enough money to play the pump and dump game.


So unless you have a shitload of BTC and are willing to break the law, you have no way of predicting the price of BTC and alts. Nobody has a clue, so stop whining about the price and start buying. If you believe in the long term potential of crypto just keep buying on a regular basis. The lower it drops the better, because you'll be able to accumulate more.