Post
Topic
Board Mining (Altcoins)
Re: How bad can it get?
by
Nighthog
on 19/06/2022, 08:35:52 UTC
Below 10K for BTC is the time to start investing if you want to target the next bull cycle down the road in a couple years or more.

Doge is already at the Buy price since it went below 10cents and really getting worthwhile @ 5cents and below if you want to accumulate as well for the next cycle.
It's price has been too high for the whole time since it shot up April 2021. It was a quick uptrend but not sustainable for it's market penetration it had.
I only wonder if it has any trend value & worth left in it for a new bull-cycle or did it exhaust itself in this one already.
Doge as a MEME has value. It's not a scam like the rest. Question is how long does a MEME retain it's value as a trend. Will it survive it's popularity to become something worthwhile or die trying. It's a coin like any else but has recognition and marketable value of it's own unlike many peers.

Markets have kinda eaten up the newness of itself from the populace at large, and burned many newcomers with these dump prices as most bought in through the HYPE with ATH prices thinking it would reach higher peaks rather than put them in the slaughterhouse.

Did this cycle burn too many people? We had many new entrants finally finding value to enter it but they did so at real high prices and they are getting REKT at the moment exiting their positions.
I find that too many people might have gotten themselves in trouble. Next cycle might take longer than anticipated to build.

Market conditions aren't favourable and frivolous money isn't readily available as in the past. Inflation will limit peoples spending habits.