RE: Is This Dip Here To Stay?

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I've been wondering about the dip myself. I don't think it will last. My ETH is making a turn around though I feel it will be some time before it returns to former highs. A lot of concerns came up about crypto during the dip that the industry is now addressing.


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Those highs from $40,000 + on bitcoin was fueled by nothing more then hype from influencers and people investing that most likely shouldn't have been investing and it blew the F up. It was just a matter of time. Now it's going to be shaky for a bit to it regains it's footing but I see these levels being about it. Of course you'll still up ups and downs but I don't see a major correction more then 15% up and down unless something drastic happens.

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I agree. Thank you for your response. I believe that it will return, but the industry may be much more stable once it does. The hype will still be there. I don't think it will ever leave. However, hopefully, next time around, it will be stable enough to absorb the impact of some tweets. I like that the industry responded by explaining, in one instance, how they are addressing power consumption.


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Don't get me wrong hype can be good and a VERY powerful tool but when you start throwing it around promising instant riches on a bunch of shit coins it's bound to blow up at some point which it did. If there was hype around a stable coin and project it would fair far better. You'd still have some blowback but it wouldn't be as extream.

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Yeah, true statements. It's amazing the similarities we see between the crypto trends of today and conventional stocks. Both are subject to hype, ups, downs, and bubbles. It's a little disappointing actually. Crypto is supposed to be so much more and, perhaps, it will be soon.


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