Post
Topic
Board Speculation
Re: 2018 Cryptocurrency Crash (Elliott Wave)
by
muf18
on 07/03/2018, 19:09:58 UTC
History has shown that once an asset class bubble bursts, it never recovers to become a bubble again —there are rarely any "second chances", if any at all.

History has shown that the crypto asset class undergoes bubble/burst, over and over again, fractally, with each subsequent cycle an order of magnitude or so larger than the last.

We must remember this bubble was global, and it was actually "second chance" for Bitcoin global bubble.
It was first chance for a lot of alts, so maybe, they will get somewhere later in coming years, another bubble.
But this bubble to deflate have still a lot of room, to go down.

I really don't get it, people must get x10-x100, or even x1000 gains, because they are unsatysfied with x2, or 50% gain a year (so much in normal securities).
Because of this greed, we see depressed market for the rest of the year.