Topic: Crypto Crash Incoming? (Read 638 times)

In 2022 My Assets drop more than 70% compared to the end of 2021, of course we hope that the market will immediately rise so that we can restore a lot of assets that are lost, when the market drop I do not want to sell if you lose, my target is profit and hoping to rise again.

It will be following what will be doing by the stock market. In this case, stock market has been experiencing the bad thing just like it was plunged even deeper. bitcoin will be doing the same thing like that. Im expecting bitcoin to go even lower than 19k which is a very bad thing for us right now. People may feel another panic attack again once bitcoin goes dump again. It's just the matter of time.

You're not only one who have been facing it. i do believe there are so many investors who have been facing the same thing like you caused by they didn't even wanna try to sell their assets once their assets reached all time high. So, that's their own consquence for not selling their assets at the top price. It may rise again but no eta for when market will rise again. We are still in bearish trend.

Cash does not bring protection at all due to the high inflation that is spreading all over the world and for which there is not a short term solution, even if it means sustaining short term losses it is better to invest that money in something which has a chance to recover, if you have access to stocks then investing part of your money there is a good idea, gold and bitcoin are also good options, the point is to hold as little fiat as possible as each day it does nothing but to lose purchasing power.

There are a lot of reasons but never we put this as a reason not to invest in crypto. Some are disappointed with the current situation but some also are happy with this. What we have now is another opportunity given especially to those who come late or those who missed the last bear season. But, we also have to think that this is not forever, recovery will come next. That is why we shouldn't have to miss this again, take the risk as we got rewarded later.

we are in phase which is all Investment portofolio drop, as you said at stock ,property and cryptocurrency market everything drop.maybe holding cash Will be king at this moment to buy all asset when hit bottom. Alot expert said next year will be hard time for US , recession Will come and food supply Will disturbed.

It is important that people keep themselves as calm as possible despite all of what it is happening in the market and around the world, because if that is not the case then you will enter a state of panic and nothing good can come out of letting your emotions taking control of you at such a critical juncture, and we know this is true because we have seen the same happening before in this market, those which bought at the top of the 2017 bull market sold in panic and lost a fortune, but if they were patient they could have sold for a profit during the new all time high or they could be at least breaking even right now.

Crypto Crash is common, and this does not only happen to cryptocurrencies but in all types of investments such as stocks, property and so on, most importantly when the market crash is patient and hold.

There's no such thing about correlation because it would really be just normal that if there are some economic uncertainties or huge negative events then it would really be giving out that domino effect.

Lots been saying that crypto market isnt correlated nor being connected with traditional markets that we do have currently but cant really be avoided on having the same perceptions and emotions been

created around specially into those investors.Once this one had been influenced then expect that crypto market would definitely be experiencing the same condition.
It might not be precised to look into but most likely this is the case.

The people who had their investments in bitcoin before the Corona,Surely you may know bitcoin was struggle to reach 40k dollars.But the same bitcoin had reached the value of 69k dollars.It happened only by the investors during the corona.Many people had tried to learn the online earning platform.So they had chosen the trading of crypto currency.It was the important reason of boom of the market to the next level.And the traders holding since the price of bitcoin at 10k dollars had earned nearly 500 percentage from it.Many old traders ,who don’t have any good amount of bitcoin during that time also worried a lot.Then the market was crashed a huge amount.People had loss huge money,who had get into trading by knowing about the 500 percentage increase in a couple of years.Now the market was at the 20k dollars.It’s good time to inverse your money with the dump market.

You're right, it's not necessarily that the absolute bottom has to come this year and that's the end of it. Let's look back at the last crypto winter of 2018-2019. There the absolute bottom came in Q1 2019, that is 14 months after the ATH. Then that bottom repeated a year later, in March 2020. There could be quite a few more events before the halving, including a new bottom that could easily cross the $15,000 per bitcoin price mark

As the world continues to shift towards tech and as millennials become a more dominant part of the world economy, we should expect Bitcoin to also take an increasingly influential role in financial markets, especially in regard to being a ‘recession-proof’ asset.”

Bitcoin price today is $19,308.18 USD with a 24-hour trading volume of $25,189,960,802 USD. We update our BTC to USD price in real-time. Bitcoin is down 0.97% in the last 24 hours. The current CoinMarketCap ranking is #1, with a live market cap of $370,240,911,152 USD.

For me, we might see another bottoming next year if the recession will continue in 2023 (it will likely happen). So we might see another market crash, and as you have said the war in Europe and the geopolitics between US and China are still in the background for us.

So it's better to really have a mindset that the worst for us is still going to come next year and that the price could sink deeper. At least we are prepared and not panic if it does down < $17,500, our lower lows for this bear market so far.

Panic occurs due to a lack of confidence in the current market and those who panic also have no money at all. For those who still have spare money, of course, this bearish market moment is used as a moment to buy more, so that more profits will be obtained when the bull market returns.

Financial management is needed to keep the investment going, without good management the investment will not go well according to the initial plan.

I am not sure that the market has bottomed out, so a further collapse is still possible. If you look fundamentally, there are all the prerequisites for this: geopolitical instability, rising inflation, the economic crisis, rising unemployment, rising prices, the energy crisis. All these are good catalysts for further declines. The news often mentions that if bitcoin falls below 17600, it could trigger the liquidation of more than 75,000 bitcoins. If that happens, there will be a snowball effect, a cascading liquidation like that would trigger a deep and prolonged drop. We saw something similar in March 2020.

Want experience advice about bitcoin

I see no reason to panic. Bitcoin and other cryptocurrencies have repeatedly lost up to 70-90 percent of their previous price in a short time. But after a certain time, the market not only recovered, but also significantly rose in price. That will happen this time as well. After all, there are no objective grounds for the collapse of this market. World states are not hostile to cryptocurrencies. Only further regulation of this market is inevitable. But this will not be critical for cryptocurrency.

But that doesn't mean that it's the end for the altcoins, they will bounce back and just like what you said, altcoins are not yet dead but it's hard to determine when they will start to rally as it's been almost a year already since the bear market started. Not a good year for beginners as most of them lost interest because of this storm but it is a good year for the veterans to accumulate more coins while it's still cheap.

as long as they don't sell their assets, then I don't think it's a loss yet, but of course we have to consider whether the coins purchased can recover or not, so if we buy bitcoin then I don't think there's any doubt about waiting for it to grow back, and of course not there is a futile wait. it will be different if we buy shitcoin, which will not necessarily be pumped back later, because the most difficult thing is to determine when the bull market will occur, so as much as possible we should be able to enjoy it

Since bitcoin experienced a drastic drop from the price of $69k to the bottom, it's already a sign the crypto market is experiencing a decline or crash. But maybe some of us still think it is only temporary and the price will increase again after the deep correction. But it turns out that many of us had miscalculated and the crypto market eventually continued to decline to a low of $17k yesterday. And even though the price is still trying to stabilize at the $18k-$20k price level, the crypto market is still at the bottom and can't show any signs of starting to pick up. We still have to be patient because we don't know whether the market situation can start to change for the better than now or if it will get worse next year. But we didn't expect it and if it happened, we should be able to get ready from now on.

The bearish market has been dumping everything to the bottom. Im feel so bad for those who have been buying at the peak price and they must lose a lot of money if they were still holding their assets until the price gone to the bottom like this time. The main thing is crypto crash already happened before the war,. The bad news was making it even worst from day to the another day with the bad news was also affecting the global economic

Might say I was losing confidence that the market will tend to recover this month as well, not even sure this year the price of Bitcoin will reach at least $25k. And yes, as a holder, I have no reason why I'm going to panic as I believe that one day or in the next few years it will soon rise and give me a profit. As long as we are still holding and learning to wait for the right time to sell, nothing we are afraid of. Things like this really happen in crypto and this is actually how it works.

Nearly a year of the red market and makes us must always be realistic, the target for big profits in a short time we must change to the long term, and the thing that makes us worthy of optimism for long -term hold is the increasing number of countries that legalize cryptocurrencies.

As people have got good sum of altcoins in their wallet, everyone looking for an altcoin season. For now this won't happen. According to the cyclical pattern of the market the altcoin season will take place once after the bullish trend of the market. To experience the bull market we need to wait for years, and further there is chance of altcoin season when bitcoin starts declining.

more than a week of October has passed, it can be seen that the market has not yet prospered, with the situation lasting like this, it is likely that the coming days will be even worse. panic doesn't help us get better now, the only thing we can do now stays calm and patient with it.
if you are not confident enough to continue buying when the price drops further, do not sell any coins at this time. selling now is no different from losing everything, so please wait and hold, the market can't fall forever, after rain comes sunshine

Hopefully, we have been at the bottom price of Bitcoin. But if seeing the market right now, we are actually not sure if it was at the bottom or not yet because the market price si still high vaolity. That is why we know what may be best for our own strategy. Being too confident about the last bottom is also not wise enough. I cannot imagine if we have considered that Bitcoin has reached the bottom, but in fact, it may keep falling down someday. As an investor, of course, this will not be a matter because most of us will hold them for long term and may have other hances to accumulate more Bitcoins. But, on the other hands, some newbies maypanci if this hapen exactly.

Entering this October the crypto market has not shown positive signs and still looks bearish. It is very visible how the price of Bitcoin is very difficult
to rise above the price of $ 20k, even the majority of altcoins prices also fall and are difficult to recover, but seeing this does not mean we should panic.
Because it is normal in the crypto world, bearish trends run for quite a long time, what is certain is that the bearish trend will only last for a while.
But because we don't know when the bearish trend will end, it's better to take advantage of the current bear market to collect potential cryptocurrencies.
Especially now that the price of Bitcoin and some of the top altcoins has touched a fairly low price, so buying now will be profitable. The most important thing is that we don't sell our cryptocurrencies at low prices and can be patient holding the crypto that we have until the bull market comes.

When we are facing such difficult conditions then it is a must to try to think long term when it comes to our investments, while it would be nice if the price began to recover right now we know that something like this will not happen, so we need to think about what to do to obtain the biggest profits in the future, and without a doubt buying now seems like a good deal, as even if the next bull market is not as explosive as we expect it will still reach at least 100k, giving us more than 400% in profits if we can hold for that long.

Whether we like it or not, the market crash will even come unpredictably. But we don't need to worry about it nor we got disappointed but better prepare ourselves to buy more rather than panicking. I make myself calm and ready for it, I have no clue either how long this will stay low but there is one thing I was sure that the crypto market will recover then after hitting the bottom. It was just about how to make ourselves patient and willing to take risks.

Its not even FUD if you think about it do you think retails investors will have extra cash if prices of basic needs keeps going up? I think most people would save their money to buy food and investing is their least priority right now because both crypto and stock market are in a bearish state.

I think most salaries aren't even going up to cope with the inflation.

It's not all of altcoins dead. Some are even making huge gains during the bearish market. Don't mislead people about that. The problem is crypto crash can happen anytime and people are stioll feeling worry to invest their money.
People are also aware about this too. In my opinion if crypto crash was a common thing

As far as I know, the market started to fall hard when Terra Luna started having problems, and a lot of people were affected by that, including the celsius you are talking about.

So what you are asking is crypto crashed? how many times does that happen, dude, I just don't understand what you base the 16,000 value on. Because currently, the price of Bitcoin is at 20k$ plus the price value in the market.

I don't know how long the previous crises lasted but this one was caused by the covid pandemic and unfortunately, war between Russia and Ukraine broke out shortly after which made everything worse without war then I believe the crisis would not be as bad as it is now. So I think the crisis only ends when the war ends, as long as the war continues, the world supply will be short, inflation will remain. Not only financial markets but the whole economy will be hit harder.

Hard to understand what you wrote. But, there is no "crash incoming". Those are all FUD's and don't fall for it. We always hear about the "crash", no matter what is happening to the market and what time is it. The market is in a bull run? We hear "crash incoming". The market is in bear state. We hear further "crash incoming". So just ignore what you read and keep investing and holding.

By the way, you should look at the charts again. During the early pandemic (that is what you mean by the government shutting down the whole world, yeah?), the price didn't crash. It will up and skyrocketed.

its already incoming you didnt watch the past of 5 month  the market isn't running well because the recent news sine the economic not full recover yet from pandemic the war and the world bank that try to increase rates is bad for any market

we don't know the market bottomed out is since we are not a wizard but maybe this is not bottom yet but bitcoin has been retested many times at $18K so i don't know this will be bottomed or not

The bearish market is almost a year to make a long storm so that it makes many altcoins dead, of course this is a heavy ordeal for developers and investors must always see the latest information so as not to be too losing.

Honestly, this year was the hardest compared to before.

Imagine from around $60,000 peak last March 2021, wherein it the growth was at 963% during the prior 12 months, the current price is now sitting at $19,000 to $20,000. I agree with you that for every crash that will happen in the future, the community is now used to it as we are not talking about the market will really crash into the worst bottom.

That was unlikely to happen*.

If there is a collapse in the financial sector, the stock market will go down as well and people will be moving their wealth to metals and i highly doubt anyone would consider cryptocurrency market as a safe heaven when there is a financial crisis as we are known to have a highly volatile market even during normal time and then to expect anyone to consider them as a safe heaven during financial crisis would be comical  .

It is all affected, indeed. What happens to the economy, market inflations make everything around got affected. However, I don't simply think this is the reason we felt worried about the incoming as I believe that this situation will not be forever but also have an end. Thinking about the situation every day will even make it worse for us and even more stressful. The only thing we do now is to keep patient and strong, let this things be done someday while holding our coins.

I don't think the crash will be as hard as it was before. A lot of things has changed since then, and we definitely have more players in the game that are already involved in the crypto market that would surely not want the price to go lower than their entry points. If there will be a crash, it will be somewhat subtle and we can surely take the blow. The world economy is going to shit, and the money flowing out of it has to go somewhere. Stocks are slowly getting deemed as overvalued as well and that too, is prone to a huge crash. It's either just precious metals or crypto, as hoarding cash with the world currencies going under is just straight up dumb.

Yeah, the hashrate even goes up in the last couple of days, and then moving bitcoin around is quite cheap, (less than 1$). So we can fly by that danger zone right now, if miners will make some profits and not break even just for mining bitcoin.

I doubt though that a 50% rally is going to present itself, maybe just a few bounce here and there and the end result is we are going to trade sideways. What surprise me if the price goes up like to $30 at the end of the month.

It's starting to feel more and more like we aren't going to see a big crash.  Mining profitability is starting to creep back (not quite there yet) and we're passing through the danger zone as far as the 4 year Bitcoin cycle is concerned.  It wouldn't surprise me to see a rally here where pretty much the entire market jumps up 50%.  I think the only thing that's holding everything back at the moment is capitulation from miners who are throwing in the towel and the big unknown of what will happen when the mtgox coins hit the market.

so far the market is going through a lot of uncertainties and the price of bitcoin is not managing to stay at least above 21000$ and at this rate it is enough for it to fall to 18000$ and people panic and we will see a deeper price drop and scary and it could even drop to 14000$, but that will only happen if the price drops below 18000$ to 16500$, for now we just have to be patient and observe which direction the price is going, I particularly if I saw the price to fall a lot, I would take this as a good opportunity to buy, I'm even accumulating money so if the price drops a lot I buy, I gave bitcoin case example because when bitcoin price goes down, it carries all altcoins together, so a bitcoin drop to 14000$, we will see a big altcoin drop

I also think the worst is yet to come in both the economy and the market of cryptocurrencies, so with this in mind it is necessary that we begin to take steps to protect ourselves from what is coming, the most important thing to do is to pay whatever debts you have, I know this is not easy especially if you have yet to pay your mortgage but if possible it has to be done or there is a real risk you could lose your home during the next years.

I'm 100% sure if the world really experiences something like you said in 2024 it will get worse,
then crypto will not be destroyed but crypto will really have a value that you will never understand.

I tend to disagree, it's still on the grey area this time and there isn't clearly good patter to know when we are going. I think it may fall between $14k-$15k but that's just my wild guess and what I can catch if it goes down once again, just ready on the possible scenarios.

This was what I was thinking. Haven't we already? I would not call it crash though since it is kind of giving me the negative vibes in the market. I would just call it "bearish season".

As of writing this, Bitcoin is now above 19k, so maybe that's it now? It is still stabilizing around that price, so I guess we have to take as much Bitcoin as we can before it goes up again. That 2020 year crash was my my expectation that Bitcoin will be adopted a lot since personal transactions aren't a thing for a while though I was wrong.

Weather? Do you mean the bear? But, that's true because no matter what the cryptos are doing, no matter how much positive news we are seeing and no matter how many people are buying, we will always end up on this current price range we have now. It's like the bear won't permit the cryptos for going up.

We can just assume that it wasn't the time yet but as soon as it expires the bear will always unchain the cryptos and they are free to do whatever they want (preferably to pump higher). Being smart won't let you accurately predict the future but if you are smart you know will know how to find a clue if what can possibly happen next.

The average recession duration is 10 months but I’m not sure if same will happened in the current market since inflation is much higher now compared before. There is also war happening right now that affects the price of oil and other goods that Russia supply. I thinkthis recession will gonna be the worst in the history and crypto will surely gonna experience a bloodbath too same as stocks since people will secure money for there own good and forget investment during this time.

I think you mean dump. Yeah, Economic crisis due to inflation is getting worst. The current price of Bitcoin is below 20K level which below the strong support while the Feds news will be released next which probably create FUD to crypto market and might bring down more the price to new lows.

I’m very tempted to short the market but the price swing is very scary too which can liquidate my position once the Feds result is good next week.

When interest rates rise, investment will fall. And in this situation nothing can be done. Moreover, various US organizations say that the world economy is heading towards recession. Considering this topic, it is clear that the crypto can move to a lower position. At least we'll have to wait until early next year to figure out.

Everything is now the Fed's game, and it can be seen that with the current world situation, they certainly won't be able to go easy on their interest rates overnight. Their only goal is to reduce inflation by all means, even if raising interest rates will cause the world economy to fall into recession.

My prediction is that the Fed will not stop raising rates or cutting rates in the next few rounds, at least until the US Presidential election in 2024. They're going to have to find a way to get inflation back under control, for the election to go well and that's the pressure that I think the Fed is under. Raising interest rates is aimed at controlling global inflation but they still have a huge responsibility to their country.

The current weather is not in favor of crypto that's for sure. The inflation is not stopping which means the interest rates will keep rising. The money gets more expensive to borrow which means less money will go to the risky assets like crypto. You don't have to be super smart to tell what's happening and what is likely to happen in the future. It all depends on the FED's actions and they won't be slowing down any time soon.

I am expecting that Bitcoin and the entire cryptocurrency industry would soon be experiencing its good days ahead. Right now, Bitcoin has been following the lead of other investment vehicle and even reacting negatively to inflation reports...just like what happened when Covid19 started but then afterwards we saw some good upwards movements after that. Let's hope that 2023 will really be different for Bitcoin, otherwise on my side it can be the time to go and focus to other things.

Or, we have actually seen the bottom already.

It's either of the two, it's like we've seen it already or there's more to the bottom that we've seen and it will be lower than that.

True.

I recognize that the last bear season on 2018 was way worst than what we have right now. The bear market for 2022 is even better and showing better stats than of 2018. Many won't notice that because they're looking at the ATH.

So, if for them this year was worse then expect that we'll see better ATH soon.

And it makes sense to think. I also can't imagine what kind of worst thing that can be happened that far even more worst compare to those supposed reasons way back in the much deeper and reddish bear market before.

More importantly, the bottom today is considered a high price before.

We will surely see a newly established bottom in every bear market that was a considered dream price before.

Maybe we will see one more Crash before finally its finally make bottom price, inflation still be night mare in this finance market , possibility to increase rate still high and FED already stated before in lastest minute. while we see inflation data stable and there is improvement there , maybe bottom will in and finance market will slowly recovery. same condition will happen to cryptocurrency market , bitcoin hopefully will hardly bounced.

It is very simple. Because the cryptocurrency market is highly volatile.  It hasn't set up its ground yet to be stable and there are lots of rejections, and acceptance happening, and whoever dominated can give a trend to the cryptocurrency market.  Aside from that, having a bear market for so long makes the market very sensitive to negative news,  thus the market is easily shaken once negative news happens in the market.


Market crashing doesn't necessarily mean the cryptocurrency will go down the drain.  Besides, the 2013 event has nothing to do with the current event of BTC.  It may be a reference but today's happening is independent of that date.  Besides, there is no denying that Bitcoin had already crashed.

This is true, we already crashed many times since last year and having this bottom already is a proof that bear market is very strong, we might be dealing with this for a longer time as recession threaten many countries. Another bottom possible to be hit though, after failing many times to break the resistance Bitcoin can even go lower than $15k and I’m sure many are waiting already for that price because they know that’s a good price to entry and we should also have that kind of mindset and never panic.

Maybe it's not very accurate to directly correlate with global stock markets, but damn it, if we're not going to correlate with global stock markets, what are we going to correlate with? Are we going to correlate according to Mercury's position in astrology? :)

Owners of capital may be switching between markets according to their needs. Therefore, we should not always expect a repetition of an example that has happened before. The movements in SP can give us an idea about the psychology of the investors, but I don't always find it right to use the data there directly in the cryptocurrency market.

It’s obvious that bitcoin is getting impacted by the markets and the recession lovers right now who would see recession and high interest rates with high unemployment as the only way to prevent inflation to stop.

I am not saying it is not going to work, but there are better methods such as preventing more money printing, and promoting investment which would cause the world to invest and that money would be gone and only return as bigger returns as investment profits, and that could be done by government by giving benefits to people who offer more jobs, you have money? great, hire more people and government will give huge tax breaks. So as long as we have these governments, it is not going to go well for any of us.

We've already crashed isn't it? all time high of $69k and then seeing the floor price at $17,500. So that's about it this bearish cycle as I don't see the price go lower than that.

For the 2020 crash, yes it was due to the pandemic, but the cycle might repeat (not the virus itself), but the market crash due to several reasons, like recession and war. But I don't see any major slump that will push the price to another lower lows for this year or the whole bear market. And if by chance I'm wrong and the price fall below $17,500, then it's another great opportunity stack sats again.

Yes, those who are experienced, know that bitcoin is not dead and will never be dead however here the OP is searching for the ultimate low for this bear market. To be true, no one can exactly time the bottom but the bottom can be very near. I am not sure if 17,000$ was the bottom because the market can still move further down on any news or political situation especially according to the Russian war.

I am still very skeptical and don't really understand why some people still think that the market can crash anytime from now just because we are in bear market. I think the newbies need to be sensitised on how the crypto market really works. Although when I first join the crypto race, I abstractly think that the market can just crash anytime and investors is going to lose their funds since I never knew how the crypto market works.

For those that think the market could crash any moment from now show go and check Bitcoin chat from 2013 to see for themselves how the market moves.

We must distinguish between what happens to Bitcoin and the rest of the cryptocurrencies, most cryptocurrencies (especially those with low market volumes) tend to behave unpredictably and therefore you cannot determine a specific price trend, but pumping and unloading is the prevailing and the simplest reasons.
Most cryptocurrencies with large market capacities follow Bitcoin.
Bitcoin at the current stage is a trend, and it is either that the bottom for the coming years will be 17 thousand or we will witness a new bottom.

Okay, let us say that the government shut down Globe but never I think this could happen to Crypto. In fact, many countries are banning crypto already but many also legalized this one. It means that whatever we have experienced today is just a usual market fluctuation and not only it happens to crypto but all in some investment platforms.

If we can recall the previous bear season, it was even worse than today but look, we even go far after than making another ATH.

Same we've seen at the bitcoin ATH. Bitcoin stopped growing reaching ATH at 69k in Nov 2021, where the dump started (damn its almost a year ago ... seams like yesterday). While stocks (SP500) were growing for next 2 months untill Jan 2022. Same can be seen at bitcoin bottom. That bitcoin will stop dropping and start climbing 2 months before SP500 bottom.

Its possible that we've seen the bottom but I would not agree with this:


Breaking current support at around 18k is bearish enough event to push price down to 15k and lower. Its getting weaker and weaker every time we hit it.
Nukes send by russia is bearish enough event
Tether attack, if succeded, is bearish enough event

Didn't understand you a bit. You write that bitcoin is 16000, but at the moment it is 19000 and it has not fallen that much. As for whether it will be even less, it is possible, but I think not much. For some reason, analysts predict a fall even below 10,000 in the coming years, but I don’t believe in this and, in my humble opinion, this will not happen. And this is not a collapse but a correction.

Exactly, last March 2020 crashed the whole market, not only the cryptocurrency market was a sign because after that, we saw a huge rally on market and we saw multiple all-time-highs.
So for me, what we are experiencing right now is some pullback or correction for the last bull run we experienced.

 Major Market Corrections Bitcoin bottomed two to three weeks before the SPX did which is the s p 500. over the last week, the s p has made new lows while Bitcoin continues to hold its impressive ground, it's good to see that the bifurcation that tore apart the equity market took a dump right and the pay 500 also saw its worst drop in not at 9.3 percent this month if this is the worst drop since March 2020 you know when the government shut down the entire Globe.

so look at what Bitcoin said it's held it's June Lowe's.

I think that we have bottomed already because I can't imagine what would cause the Cascade that we had I mean back in June we had a Cascade way worse than March 2020.

keep that in mind you know when the government shut down the entire Globe, we had a worse Cascade back up this time around than back in March 2020 and that's because we had lending platforms go down we had Celsius Luna, we had the dollar reaching par essentially for the year from the Euro and so many other crazy data points that it was kind of like a giant Black Swan that we had you know what I mean so people are expecting to go down to 10000 now 16 000 and I I've told people to listen this is what I think I could be wrong but I've been right so far that I think we have bottomed but you know we still have those stragglers out there that are saying we're gonna head down after this, you know the Market's going to bring everything down but it hasn't broken down it's taken away it's walked away from just being in lockstep with the broader stock the great market.