Message from @comcast
Discord ID: 408867035238498314
this correction happened because we overbought
these projects are still very young
but ultimately anyone involved today, if sitll trading altcoins in 5 years time
they will be juuust fine
because the main problem with us buyers wasn't that we were wrong
it's that we were premature
but we were correct in knowing that these technologies are going to shape the future ...... that has not changed
i personally think the bear trend will be long. but it will be over well befoer this time next year
hell
look at bitcoin on a chart
it has seen 'crashes' just like this one
when it went from 2 cents
to 24 cents
whoa holy shit BTC is up to 24! we're rich !
then it crashed down to 12 !!!!
btc was $ 7dollars
it went up to 21 dollars
and crashed to 15
nothing beats fundamental technical analysis.
there's people who saw it coming clear as day
they made money on the crash, after seeing basically the normie FOMO that took place
& a lot of wall street was there too but you know what I mean
most wall street money is still not in
compared to fiat, crypto in the US still has a ton of room to grow. & it will
if you're patient, ride out the storm, you'll be ok. it's going to suck.
it may be a long storm
but during that time important things will happen
development for cryptocurrency entry points will continue rapidly
because think about it, it's still not even easy for the majority of people to do !
people are lazy these days. they want to log on to FB and link their credit card to your website via stripe
two-click crypto purchase
that's what they want
and it's what they will have
because entry points are forming
exchanges, another chokepoint
do you remember bittrex & binance had to close registration for a period of time ???
believe me. it's the last thing they wanted to do
if a business has to close it's doors because it can't meet demand, there is a serious scaling failure there
and these are fucking **massive** exchanges
their fucking servers caught fire, so mnay people were using them