Quote (staragsj @ 15 Apr 2021 09:42)
what are the chances these coins crash? i was looking at some 5 year graphs there seems to have been a couple big spikes and big drop. It looks like were on another spike. Im skeptical that ther may be another crash and i buy at the peak. lmao
there was a huge bull market in late 2017-early 2018, then a two year crypto winter (albeit btc yoyo’d quite a bit during this time). we saw a similar bull run in 2020 with this one having much more institutional interest
a pull back is definitely possible, almost likely. it just might be a pull back to btc 40-50k after it hits 75k-80k
before in dec 2017 btc went to 18500 and at one point in early 2019 it was 3500. that was an 80% drop within 14 months which at current price of say 63k would be 12k. way too many firms got in above that so there’d likely be a hoovering of coins if it dropped to 40k again (maybe even before). of course theres always the possibility everyone just gives up on crypto or whatever. also a possibility everything doubles again in a few months
This post was edited by excellence on Apr 15 2021 08:34am