Some say that crypto crashing is bad for business - but will holding on be good? I just think that it won't be all that bad - it might clean out bad coins and leave the good. I will hold mine to see what happens.

I wonder if the ransoms will go up for that business.

(June 14, 2022, 06:55 AM)richgiants00x Wrote: Some say that crypto crashing is bad for business - but will holding on be good? I just think that it won't be all that bad - it might clean out bad coins and leave the good. I will hold mine to see what happens.

I wonder if the ransoms will go up for that business.

i think nobody guessed something like this situation, but it was milestone for cryptocurrencies, we can call that like regulation of monetary.

1 of the problems with Crypto is the shit coins over saturating the market, if it clears all the shit coins out, maybe crypto might actually find itself being a little more stable..

Of course it's good. You can grab more for a better price. Plus it's healthy for the overall growth of the industry. I'd say it is even coming a bit late, if we look at the pattern of the previous crashes.

(June 14, 2022, 10:08 AM)Dredgen Sun Wrote: 1 of the problems with Crypto is the shit coins over saturating the market, if it clears all the shit coins out, maybe crypto might actually find itself being a little more stable..

It will never clear, you have to accept the rules of the industry, you actually described every industry's structure, only 20% is pretty good, the 80% is what we call the normal

I remember when I had multiple BTC when it spiked pretty high summer 2019, and I almost tripled my money from Dec but I was poor and only bought 2 BTC, but made a good chunk..
MAN IF I WOULDA HELD ONTO THAT :(((

You can't time the market, but shits scary right now TBH - but when stocks are this low we're entering a recession, and traditionally they last anywhere from 10-40 months.. We just went through an insane multi year run (minus COVID dip which lasted about 6mo?).

I personally would buy some stocks and don't look at it in 5 years, you always gotta look at the max year charts not the 1 year. Look at BTC's max chart as an example, but I still wouldn't touch crypto on the BTC level due to how high it is and can drop. It's different for $VTI for an example, where it may drop $20

Of course it's good. You can grab more for a better price. Plus it's healthy for the overall growth of the industry. I'd say it is even coming a bit late, if we look at the pattern of the previous crashes.

Good in that I can finally buy Graphics cards again. Bad in that I didn't sell out at ATH and lost shitloads.

I sold everything what had left last run. Waiting since then to get back in.
Before Ukraine and US midterms are done, I can't see the market going up.
So, I still wait a few months, bitcoin at 7k would be great.

and once the green candles start to appear, so will the scams. It's the cycle of life haha