r/CryptoCurrency • u/AutoModerator • Jul 16 '21

OFFICIAL Daily Discussion - July 16, 2021 (GMT+0)

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Though karma rules still apply, moderation is less stringent on this thread than on the rest of the sub. Therefore, consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.

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12

u/geekbread 🟨 7K / 7K 🦭 Jul 16 '21

It would be really weird for us to permanently enter a bear market for the next 3-4 year cycle. That would be the lamest and shortest cycle ever and that is even taking into account cycles decreasing. I know it's been a strange year and a half, but it would definitely make everyone rethink everything about crypto, especially the s2f model and bitcoin's dominance.

Call it hopium or w/e, but I think we will still see a huge bull run after enduring this sideways market for a while longer.

6

u/DearMyWaker Redditor for 4 months. Jul 16 '21

I'm fully prepared for a bear market for the next 2-3 years (ofc I hope I'm wrong and you're right tho).

7

u/DaVirus HODL / Bought at the top, now we're here / KTY Jul 16 '21

Why would you hope to be wrong? You get rich in bear markets.

2

u/DearMyWaker Redditor for 4 months. Jul 16 '21

That's true. But the last bull market was too good. Seeing all those numbers skyrocket... ☺

1

u/DaVirus HODL / Bought at the top, now we're here / KTY Jul 16 '21

Next one will be even better. We settled a new bottom at 30k it seems. So just buy every time it is heading that direction. Some still say 100k EOY

4

u/tonybarnaby CKB fanatic!!! Jul 16 '21

Yep. If this is it, people will start panic selling 4-5 months into the next bull run trying to get out first

2

u/[deleted] Jul 16 '21

[deleted]

2

u/geekbread 🟨 7K / 7K 🦭 Jul 16 '21

how dare you \s

2

u/Backwoodz1 Jul 16 '21

Remember the bull will run again . Honey badger don't care, and the next run will be epic as far off dated as that may be.

1

u/watch-nerd 🟦 5K / 7K 🦭 Jul 16 '21

especially the s2f model

Do you still follow / believe in S2F?