Quote from: Silberman on September 01, 2022, 04:00:22 AM

Your account isn't new, so unless you have been living under a rock you should know that stocks most definitely have impact on crypto markets. We know this because it has happened many times in the past. But right now it could be even worse because this bear will be on whole another scale. Although i personally think we have seen the bottom when i look at the charts, we could stay here for a while because future is really uncertain as stocks react to world events and Europe is really volatile right now.

While it is possible that we have already seen the bottom or at least we got very close to it we never know what it may happen, the economic situation around the world is very volatile and if yet another event happened which destabilizes the world economy yet again then it is quite possible that the market could experiment another crash, which is I think something that no one in this market wants to see again because not only this makes us to lose money, this also means that the crypto winter will last even longer than what we thought.
[/quote]

True, we can't know the future, otherwise trading would be easy and at the same time impossible as it's a zero sum game. That's why i was using acronym "imho". But if we would go slowly even lower then before, it would drain rest of the hope from the markets and like you said, crypto winter would last longer then ever. And naturally some people want to cash out now because inflation is eating their income and they want to cut their losses. They will probably sell the bottom, or in best case scenario they can buy cheaper. But i wouldn't buy the dip if it would go lower then before, because it wouldn't be worth my time unless i managed to leverage trade it right with high leverage. But that would be more like gambling.