How far will crypto drop?

[raiders72001]

Because a birth of an asset class is a one-time event. Today every single holder of bitcoin from the last 18 months is not only out of the money, but stressed about the future of crypto when you have players like Citadel pulling strings and manipulating the hell out of the market.

Again, this is no place for the risk averse. And the smartest money is always risk averse.

The smartest and richest people under 80 are in crypto. Elon Musk, Michael Saylor, Mark Cuban (80% of investments outside of Shark Tank). Many millionaires and billionaires come out of crypto.

[pavyracer]

Because a birth of an asset class is a one-time event. Today every single holder of bitcoin from the last 18 months is not only out of the money, but stressed about the future of crypto when you have players like Citadel pulling strings and manipulating the hell out of the market.

Again, this is no place for the risk averse. And the smartest money is always risk averse.

raiders is like the orchestra on the Titanic. Kept playing music as the ship went down to the bottom of the ocean.

[raiders72001]

raiders is like the orchestra on the Titanic. Kept playing music as the ship went down to the bottom of the ocean.

First jumped in at $25. I'll be ok.

[raiders72001]

DeFi projects with 20% yield are risky. Algorithmic stablecoins are risky. Bitcoin's not risky, it's volatile.

[pablo222]

Raiders=legend.
Laughs at this crash.
See ya in couple years.

[raiders72001]

Raiders=legend.
Laughs at this crash.
See ya in couple years.

I'll be here and we'll all celebrate.

[jjgold]

Everyone buried
Sell everything get into cash

[Optional]

The price of cryptos will decouple from the stock market. The correlation that's present now didn't exist for most of bitcoin's life.

Agree, but not completely.

Why couldn't it?

It's shown itself to be an absurdly risky asset class.

How on earth is it risky?

It's volatile for sure but institutions do not agree with "absurdly risky" call.

You're just repeating the dumbass stuff the mainstream media says.

Ignore them and make some money.

[Yulia74]

all major markets could drop to their march 2020 lows
look at qqq, its in a downward sloping channel not just a reg. downtrend, well formed downward pressure, and its got the step down going, as long as this trend is in place its going down
still crawling, no capitulation

march 2020 lows is ~50% drop, only if the fed doesnt pivot


50% Drop For The S&P? Why Michael Burry And 'Dr. Doom' Nouriel Roubini Think So
Jul. 07, 2022
https://seekingalpha.com/article/452...ubini-think-so