The market today is deja-vous to 2017. Everybody and their mothers pumping 30 different shitcoins to the moon. Scamcoins left and right.
Graphics cards impossible to obtain
People defending coins like a cult, calling anybody who even questions “HODL”-ing.
Businesses starting to advertise they accept crypto to get on the hype train.
High profile criminal cases involving Bitcoin.
Looming tax changes and pending new government regulations. China making big threats (this was one of biggest catalysts to the bear market in 2k18)
Crypto “celebs” and mega millionaires battling on Twitter.
Everything happening now happened then.
The only difference now is there’s quite a lot more institutional money tied up in it. And that money is typically a lot more averse to risk.
Once your dad starts asking about it, it’s the beginning of the end. When your grandad starts asking about it, then it’s already too late.
The market grew quickly on speculative buyers looking to make fast cash. The market will shrink even faster.
Strap in for a long one everyone. I bought back in ETH in 2018 when it was $130. We’re not even close to the bottom right now … don’t try to time it, wait until it goes sideways
Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence or consult your financial professional before making any investment decision.