So just my observation...Everyone say's the bottom won't be in until capitulation happens. When there is blood in the streets and everyone has given up for good. Well, from everything I have read, I don't ever see that happening at this point.Everyone I talk to in this space, every post, every comment, is basically still full of hope. The lower it goes, the more people are buying, it seems. 3k BTC? What a steal! 1.2k BTC? I'm loading up! Hell, even if BTC went to $10 I'm sure heaps of people would be taking out mortgages. So really, at this point it doesn't matter how low it goes - the hope is still there. And I don't see that changing unless the whole market went to $0 somehow.Interested to see at what point people will actually throw in the towel and quit believing?For reference: I got into crypto in December 2017 and have pretty much known nothing but red, yet here I am a year later and still hopeful. Still believe that these are just cycles and I simply got in at the bad end of one. Also, when you're 90% down, there really is no point cutting losses now. Which is the belief of many it seems. When capitulation?
Submitted December 17, 2018 at 01:32PM
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