When I warned everyone that Bitcoin would continue to go down in the beginning of the year, all the fools in here would not believe it.
Every post of warning - which came to be true - was not believed.
Now I see a clear change in this forum with many people now agreeing that Bitcoin is in a bad place and unlikely to recover combined with stories of people who are now realizing that they have lost a lot of money for nothing.
And for the fools out there who say "if you do not sell you have not lost anything" - clearly they must be the most stupid of "investors" in the world. Of course you have lost the money, you just don't have the guts to tell your wife yet
I actually agree with people who are giving up on Bitcoin. Total market cap has lost more than 800 BILLION $ since begin 2018, this is no joke obviously. You need to consider that Bitcoin could be a bubble, but in my opinion the blockchain tech is not a bubble and that is what is important. If you invest in cryptocurrency only for the profits, you need to wait another 3 years probably to recover your money. But if you invest in cryptocurrency because you believe in their technology then you are in a good position, I personally believe that most projects have the same goal and this is looking like a dot-com bubble. A lot of coins have the same shitty goal (being a payment coin) such as BNB, Bitcoin cash, LTC, Dash others.. Every coin wants to be accepted as a payment option and want to be "
The Digital Cash" I believe there will be a big cleansing of all those copy cats and outdated shitcoins. I should advice everybody to take a step back and look at the project they have invested in, is it really worth your money, can this project really be mass adopted?