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Cryptocurrency mega-thread

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Crypto markets are cyclic due to BTC reward halvings.

If we topped at 65k, 59k was 'return to normal'. Smart money accumulates at the lows and sells to retail on the way up. Media attention draws in retail investment.


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Media attention didn’t get me. Even after a month of my friends telling me about it (the ones who have invested their life savings), I still resisted. Even after seeing all the stuff about Doge, I resisted. Heck, I would suggest less than 10% of people globally even really know what crypto truly is. Some bloke at work showed me one of the exchange apps and it seemed a lot easier to trade than I thought, so I bought in. While it sucks I got in at the end of this bull cycle, I know the future gains are big and understand that this is a good time to consolidate at the bottom. Nothing too substantial, just a little bit of my wage every month or two. If the predictions of ATHs aren’t hit this year, then I’m confident of seeing them next cycle.
 

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WTF is going on?! All coins have absolutely nosedived an insane amount in just an hour! DOT was looking okish an hour ago, dropped from about 47 to 26 bucks!
 

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WTF is going on?! All coins have absolutely nosedived an insane amount in just an hour! DOT was looking okish an hour ago, dropped from about 47 to 26 bucks!

Most coins are paired to BTC, so the dollar value trends the same way.

Switch your base asset to BTC and look at those charts.
 

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