02-25-2022, 02:52 AM
Will we see a mega dump (ie. coins down 90%+ from ATH) before the next Bitcoin halvi
<!-- SC_OFF --><div class="md"><p>I first got into crypto in late 2017 (a couple of months before the top) and when the market started dumping, I walked away. I thought that crypto was just a bubble and lost interest. Fast forward to early 2021 and I returned to the market, as did many others with the same story alongside some people brand new to the space. </p> <p>All of us from 2017 who missed the low low prices brought on by the 2018-early 2020 bear are not going to be fooled again and walk away this time. As for new people, it is made incredibly clear by crypto influencers, crypto twitter and places such as this subreddit what to expect post bull run, basically along the lines of the market dumping to mind boggingly low prices where life changing money can be made. Due to the cyclical nature of the market being more common knowledge than before, the prices of coins dumping does not deter as many people as it used to since people want to stick around for the potential gains possible from investing during the bear. Additionally, cryptocurrency is more mainstream/widely adopted than ever before, resulting in more people in the space than bull runs prior. Due to this, could this mean that there are too many people still invested (whether it be financially or mentally on the sidelines) to allow for the price of coins to drop by as low a percentage from there ATH as they have done in prior bear markets? </p> <p>Tl:dr are there too many of us still in the space for the market to have a mega dump since people are more likely drawn in by that idea rather than being deterred by it</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/GeorgeTrollson"> /u/GeorgeTrollson </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/t09eu4/will_we_see_a_mega_dump_ie_coins_down_90_from_ath/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/t09eu4/will_we_see_a_mega_dump_ie_coins_down_90_from_ath/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I first got into crypto in late 2017 (a couple of months before the top) and when the market started dumping, I walked away. I thought that crypto was just a bubble and lost interest. Fast forward to early 2021 and I returned to the market, as did many others with the same story alongside some people brand new to the space. </p> <p>All of us from 2017 who missed the low low prices brought on by the 2018-early 2020 bear are not going to be fooled again and walk away this time. As for new people, it is made incredibly clear by crypto influencers, crypto twitter and places such as this subreddit what to expect post bull run, basically along the lines of the market dumping to mind boggingly low prices where life changing money can be made. Due to the cyclical nature of the market being more common knowledge than before, the prices of coins dumping does not deter as many people as it used to since people want to stick around for the potential gains possible from investing during the bear. Additionally, cryptocurrency is more mainstream/widely adopted than ever before, resulting in more people in the space than bull runs prior. Due to this, could this mean that there are too many people still invested (whether it be financially or mentally on the sidelines) to allow for the price of coins to drop by as low a percentage from there ATH as they have done in prior bear markets? </p> <p>Tl:dr are there too many of us still in the space for the market to have a mega dump since people are more likely drawn in by that idea rather than being deterred by it</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/GeorgeTrollson"> /u/GeorgeTrollson </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/t09eu4/will_we_see_a_mega_dump_ie_coins_down_90_from_ath/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/t09eu4/will_we_see_a_mega_dump_ie_coins_down_90_from_ath/">[comments]</a></span>Kind Regards R