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polynya
@polynya
A common hopium is "crypto is up only" Reality: 99.9999...% crypto assets are down only. They hit an ATH in some mania, that ATH will never be hit again, and they will be down only forever BTC, ETH, handful others are massive exceptions that have carved out a secular bull, but even they will see a secular bear eventually, like all emerging markets have through the centuries
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Hocilef
@hocilef
Won't ETFs regular buys capping the downside though? Or do you believe BTC/ETH/TotalMcap could go lower than the previous cycle low?
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polynya
@polynya
Dotcom ETFs tanked >90% and even the most successful ones like Microsoft, Amazon or Apple took a decade to recover their secular highs, not to mention we aren't going to see a non-BTC/ETH ETF anytime soon I'm not making any price predictions at all, just pointing out the broad realities of markets
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