Are prices about to fall off a cliff?

Stock prices are supported by something in the real world – corporate assets and earnings. Crypto prices are supported entirely by investor (speculator) confidence. I think a lot of whales and little guys have been massively burned over the last 6 months. The little guys don’t have money to put in now and have lost their nerve anyway. The institutional whales are going to be reigned in by their Boards of Directors.

I wouldn’t be surprised if prices languish where we are now for a LONG time. I also wouldn’t be surprised if 90% of cryptos go tits up in the next year, because lets face it, the world doesn’t need 3,000 cryptos, most of which do nothing useful. And I wouldn’t be surprised if BTC, ETH and the other bigger cryptos lose 80% of their current value because these are investment (or gambling) vehicles unlike any other and we’re in uncharted territory here.

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39 thoughts on “Are prices about to fall off a cliff?”

  1. What, you don’t support the TreadLightly Coin, that provides a blockchain powered technology that improves the functionality of winter tires in subzero temperatures?

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  2. Since I started in crypto about 2 years ago all I heard was “wait till the bear market”. Warning how absolutely brutal it is. Here we are and half you people on here act like this was something that was never mentioned OR hasn’t already happened several times. Maybe I just took it to heart more?

    We’re not in uncharted territory, this has happened several times in the past.

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  3. We’re now dealing with true crypto activity, sorry for those over exposed. I have about 100 grand being decimated in stocks and crypto, I can’t imagine what it’s like for those that can’t afford to lose. Much love.

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  4. My guy they already fell off a cliff, we’re in the freefall stage and praying there’s a trampoline at the bottom of all this

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  5. We DO need 3,000 cryptos.
    How do you expect people to lose all their money if they’re hodling the same thing?

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  6. Capitulation, your first time? welcome to the show

    This is where you have limit orders ready and pick up solid projects (BTC and ETH) cheap, to sell to the next wave of retail jumping in at new ATHs

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  7. Stock / crypto trader here.

    Unfortunately 29k BTC was very important for crypto and it broke.

    Relief is expected this week in stocks which could lend relief to crypto.

    However. Stocks are on the verge of **major** sell side. Believe it or not, stocks have yet to show indications of any kind of bottom. Which is very bad for crypto.

    Crypto breaking 29k BTC is also, very bad for crypto.

    Hate to say it but I expect more sell side before this is all over.

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  8. I don’t know, but I had to sell my ETh, Ada and others as well for personal reasons. It really hurt me to sell, then….this is happening. I feel like a hero, of course I’m gonna buy back in, just DCA down as I DCA’d when the price was increasing. This is probably my most exciting moment in crypto with the exception of my peak value portfolio. For once I actually won and didn’t lose. Damn this shit feels good.

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  9. US is headed towards a recession .. people are going broke from skyrocketed inflation on everything . No extra money to put into crypto unless you’re well off .

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  10. I’m about to turn off notifications because all I get told is X is down 10% in the last 4 hours lol. Good night y’all

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  11. By 3000 cryptos did you mean 19,413? Because that’s how many there are (not including exchanges of which there are 526).

    Thank you coinmarketcap

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  12. The market will continue to follow BTC, and BTC won’t rebound until after a consolidation period on the 200 week EMA. I’m expecting to bottom out at $18- $20K. The past two bull runs were preceded by a consolidation at the 50 week EMA before falling to the 200 week EMA and consolidating on the 200 before making a new ATH. Right now we’re at the 50 week.

    That being said, I don’t think many alt coins will make it through the bear run. Of course they will rebound in correspondence with BTC but many investors will consolidate their assets from riskier alts to BTC and ETH if they even stay in crypto

    But I also have no idea what I’m doing or talking about 🙃

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  13. This is the second time it’s hit this price this year. I think things will be fine. Enjoy the ride and lower your averages.

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  14. Everyone was like oh man I wish I bought the COVID dip in 2020. Well here’s your second chance. Don’t be a pussy. 💪

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  15. I think you are under the influence of “peak fear.” Things aren’t really as gloomy as they seem right now. The entire industry is not about to implode and hibernate. BTFD and take some happy pills. You are killin my buzz.

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  16. We’ll touch 19k. Buy pressure will be heavy enough to push us back up over 22k, and then we’ll languish there for a year, until the stock market recovers, inflation is reined in, or Putin gets deposed.

    Basically, we won’t see bitty over 40k until 2024

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  17. Where are the ‘I will wait and buy BTC under 30k’ guys from a few months ago? You run away too? Fickle as fuck.

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  18. Who cares what the number does in the meantime if you don’t plan to cash out until many months down the road? Would your attitude be different if we were at 50K right now even though you don’t plan to sell soon at all?

    Go outside and do something you enjoy, crypto will be here when you get back.

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  19. The problem is this stupid hodle stuff. Just take some profits at some point, don’t get greedy.

    The time to become a millionaire is over, if you double or triple your money, cash out at least your initial investment quickly, then play around with the rest for a while and be happy. Do that every halving…

    Things will crash hard now, then there’ll be a winter for a while… the time to buy is when there’s weeks and months no news in mainstream media. Then, before the next halving, media will slowly pick up crypto again… people will flock back, prices will go up. Rinse and repeat… see it as opportunity to make some nice money on the side, not to get rich quick.

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  20. About to lol. You ever see a video of a mountain biker going down a steep mountain and falling? They dont fall and stop

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  21. If this drop in price, especially with LUNA and UST wasn’t a drop of a cliff, then you sir have balls of steel

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  22. >”Are prices about to fall off a cliff?”

    I have some really nice rugs I can sell you to help cushion the fall

    Reply

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