Quote from: quickie69 on March 26, 2018, 11:45:42 PM

I want crypto to succeed. I'm not a hater. I am highly exposed and continue to hodl. There's nothing I'd like more than to open Binance to a sea of green rocketships flying me to a moonlambo.

But....

I just can't understand who would buy bitcoin, or who would think bitcoin's price is going to appreciate at the moment other than the people who already own bitcoin. If I wasn't already in it, I don't think there's any shot I'd touch it with a 10 foot pole right now after watching what's gone on over the last few months. And the entire market depends on Bitcoin.

What new money is going to come into the market and drive up prices? The entire world knows this is a speculation bubble and right now it seems like the odds of losing 50% of your money are as good or better than the odds of making 50%. Cryptocurrency is way too risky of an asset for the vast majority of people, and they see it as akin to gambling more so than an opportunity to get in early on the next big thing. Every meme line drawing TA guy who is convinced Bitcoin is about to enter a new bull market is blatantly ignoring the macro issues that are in play here.

Until some working products/ecosystems come out and can demonstrate some fundamental value, significant amounts of new money aren't going to come into this market. The run was based entirely on hype, and the hype is completely gone for the foreseeable future. It's going to take many more months, or possibly a year or more, for money to start coming back in - and it's going to be a slow march of a rise. We'll never see a parabolic rise in the cryptocurrency markets again.

I'd love to be wrong. By all means, convince me I'm wrong. But my faith and morale has essentially hit rock bottom. Each time BTC pumps then fails, alts bleed out even lower than the previous cycle. And I just can't see an end in sight.

If you truly believe crypto is going to enter an unprecedented bull run in the near term - what am I missing? What do I have wrong here? Huh

I don't even think like you dude. In fact, the products don't matter a lot to affect the crypto trend. I remember the bearish and bullish trend has driven by the whale.

Even the fake rumour gives a lot of impact on the crypto market which it doesn't make sense for me to see that.

Bullish is a must. But if you include on the early adopters and you won't see when bitcoin price was $100.

We are still in the battle with regulators. France aims to become ico hub country after Singapore.

A lot of industries starting to consider crypto as a future development.