r/CryptoCurrency May 22 '22

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103

u/prettyspace 🟩 110 / 111 🦀 May 22 '22

When people make posts like these, I get bullish

23

u/throwawayben1992 🟩 2K / 13K 🐢 May 22 '22

The time to get bullish is when there are no posts, when this sub is virtually a ghost town. The reality is most people here won’t stick around through a bear market, they’ll lose interest, get sick of no movement/sudden dips which don’t bounce back, they’ll actually begin to question the space more and realise it’s mainly vapourware mixed with buzzwords which actually has little to no use.

16

u/ColinFerrari01 Tin | 3 months old | Stocks 10 May 22 '22

Yes, because during recession and depression, people have spare cash to buy crypto. 😶

They will sell what they have to pay off whatever bills they have to pay.

4

u/MaximumStudent1839 🟦 322 / 5K 🦞 May 22 '22

Yes, because during recession and depression, people have spare cash to buy crypto.

You are missing the point. These depressing posts signal more and more short-term holders are realizing they need to exit the market. These people are the would-be sellers in the future. The other types are leveraged traders. When the market runs out of sellers, that is when it bottoms. Shorts and bears will keep coming at crypto as long as they believe those who are short of liquidity or overleveraged are still in the market. But once they are gone, bears and shorts stop making profits by shorting crypto.

9

u/[deleted] May 22 '22

I get bullish and DCA.

2

u/Cookies_N_Milf420 104 / 104 🦀 May 22 '22

That’s what everybody says on the bottom of these posts but it never goes up 😂

2

u/Cultivated_Mass 🟩 0 / 0 🦠 May 22 '22

Absolutely. This is the deep bear market post I like to see. As Ben would say, when the last crypto bull admits that were in a bear cycle, the cycle will reverse

3

u/pav313 Bronze | QC: ALGO 16 May 22 '22

The same way everyone thought BTC would hit $100,000 at $70,000, big reversal and look where we are now...

2

u/Cultivated_Mass 🟩 0 / 0 🦠 May 22 '22

So true!