Quote from: proudhon on June 28, 2019, 01:56:38 PM

Quote from: Kongxx on June 28, 2019, 06:16:47 AM

Is current crypto downward trend only temporary?

Absolutely not. After the $20k ATH bitcoin entered a long term and final downtrend (you need to ignore the recent price spike, because it's aberrant and irrational). Bitcoin will trend to sub $1k prices over the next couple of years because it's been proven by science to be a flawed project. A cool experiment, no doubt, but it didn't work. There will never be another ATH for bitcoin.

And lest people forget, long term can mean anything between 2 years and 5 years, at least given the timeframe of Bitcoin's lifetime. If anyone thinks 1.5 years is long long long term, then they really need to adjust expectations. I really couldn't understand why people even thought the winter was over. It's not even really been much more than a year yet.

But watch your steps, my friend. Your words have been oft repeated. The epitaphs where people were proven wrong when thinking we'd never see another ATH? They keep growing every ATH.