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It’ll be interesting to see how this pans out. In a way, it’s a good thing for crypto in general. This dip will shake out the scammers and arseholes and invite securities regulation which will benefit things going forward. If crypto is to be mass adopted instead of kicked to the curb, it needs the legal framework behind it.

It’s also seen dips like this before and come back so I’d not say it’s dead just yet.

Finally, the ‘mass adoption of new technology’ curve looks exaclty like Crypto at the moment with the ‘trough of disillusionment’ phase. After that, the curve picks up and things improve (but not to previous highs which are fueled by speculators and early adopter cash)

It’s interesting to note that the ETH network has never been busier, reaching record highs in usage, while it’s price goes to the gutter. I think it’ll stage some kind of recovery. When that will be is anyones guess. It appears there’s a non zero chance of mass securities contamination next. People seem to think we’re in another 2008 crash. We just don’t know the reason why it’s happened at the moment.

Interesting times.

    I’ve got a friend who is convinced the entire world financial system us on the brink of collapse. Grim times ahead if so

      Good to see Wal & Hursty still pasting Reddit content into this thread.

      I miss those kind of updates

        Old-Dutch absolutely plausible because there are no rules, governments can print currency as they see fit, how much do we “borrow” every month, it’s insane.

        There will never be enough tax to pay off the debt and that is a fact. The current system is broken

          Mad_Cyril I’ve never got into Reddit, still don’t really understand it, one of those that passed me by

            Along_the_Wire Sold around 70% of my amc at 30, held onto around 80 shares, i no i paper handed but can always load up if they start to cover. AMC just in terms of a recovering business model is worth around 25 dollars all day long if not in this bear market, its getting moved to the better performing Russell 1000 on the 24th of June.

            Make money take money guys don’t diamond hand anymore. Always keep plenty on the side to jump in and jump out. Buy in small chunks in case you have to average down. Learn 13/48 cross also it has worked wonders for me and i only trade shares not options.

              Coinbase sacking staff via twitter, Celsius down the plug hole, Bitcoin shedding half it’s value in 6 months. Funky left holding the bag. Welcome to the Crypto Crunch.

                Have been Dyson hands this week! Buy the dip boys!

                  I’m with amps, there is peace talks in Turkey if there is a break through any time soon there will be a huge reversal across the markets.

                  Fed rate hike meeting tomorrow, rate hikes hurt in short term but will end the bear market quicker. Gas tanked 15% oil may follow good for inflation.

                  You see this multiple times in a crash fear turned up to 11, then what happens a huge fkn pump, its almost like tactics by hedgies & whales to steal retails money by making them sell.

                  Think I’ll stick with my shares in narcs. About the only trustworthy investment these days

                  mono-stereo I’m holding long term. Not too worried about the next couple of years. Bull markets will return. Blew Amps loves Anacott A$$$$$$$$$$$!11!1!!!1!