Topic: Wake up, this is a bear market, Eth $ sub 400 (Read 201 times)

That is what I want to see,when the price crashed after May near 30k for a Bitcoin and also Ethereum and all coins followed I was making 0.008 Eth daily back then with 300 Mhsh but suddenly because of the difficulty going down I was doing 0.015 Eth for the same 300 Mhsh power,I want to see this again.Keep accumulating in this time is the best thing to do,also I can invest in new graphic cards if their prices crashes as I am in for the real long run.Can't wait to make like 0.008 Eth daily from 0.0045 daily right now with this crazy network difficulty.

PS.My electricity is like 40 USD a month for 300 Mhsh or 5 cards 60 Mhsh cards.

The difficulty will get lower and lower when there is no profit anymore, mining is also a pyramid, the higher the electric cost the higher the chance of that miner leaving mining. So anything related to the difficulty is also related to price, price does not follow the difficulty in a pre-bear market and price also does not follow the difficulty pre bullrun, the difficulty is a build up of margin profit, if there is no profit for who is at the bottom of the electric cost pyramid then there is no difficulty rising. You trolls should get used to this thing. So keeping it simple, scammers follow greedy, speculation follows scammers, price follows speculation, difficulty follows price whether is going down or going up and people follow profit.

For that to happen I think also the network difficulty is to be taken into consideration which no one is talking about here,I wanted to open a new thread about network difficulty but I am discussing it here so I can see your views guys,I personally am not convinced of a huge crash as long as the difficulty of the network was near 13 P today for Ethereum while the price crashed below 3000 dollars.I think most are still convinced about an upside and they are continuing to mine (also me doing the exact same thing) so I think this is the key point,you don't have a near 13 P difficulty when having a 400 USD price for Ethereum.

All of you have valid points, but past is not guaranteed to predict the future, I know there are cycles, I know the feeling of holding a bag of coins losing 90% of value etc

Maybe there's something in the middle, yes ETH can crash to 400, 300, even 80 USD again or less, it's not impossible, perhaps ETH can bottom to 2k USD and stay for a long time, or 1.5k USD, BTC can crash to 3k again, or maintain at least the ATH of previous cycle of 20k USD

Always be prepared for the best and worst scenarios, make profits but don't sell 100% of portfolio.

ETH is not crashing faster because sheeps are looking at some gains on the hard fork that eth team said would occur in july right? the merger right? hehe, so sheeps think eth will really go to pos in july and are not selling yet, possibly eth will flip btc in june in market cap and then crash back to 0.015 btc because as soon as the merger happens, all that locked eth will be sell-able and imagine the run to sell as fast as possible hehe, eth could even crash below 200 usd again, flash crash, not joking if the merger happens in july, right now it looks impossible right? welcome to crypto hehe

In 2018, btc kept crashing and crashing and eth held the value too, got to a point it was 0.1 to btc  or higher then btc crashed to 3000 usd and then eth crashed from 850 usd to 80 usd. It was a slaughter. I see no difference right now, especially eth dev team manipulators is spreading bs around to keep the price up a little bit more, altcoins are with high price yet because eth is not crashing as much as btc but that time will come and will be painful to bagholders, all their gains will dissipate in few hours.

Bear market will eventually takes place, I believe that the only way forward is dips and dips and dip till the value of every coins are not good in the eye anymore, 2021 will be the best year to sell not 2022 as for miners be prepared for the inevitable we will once again see 30MH giving 50cent per day again, buckle up

Actually I've been waiting and waiting for bear market it kinda favour me in all way compare to bull market hahaha, mining? I use solar energy, difficulty? At last it will drop, I need me ETH and better coins in a new portfolio for future sake so I don't mind mining even when the profit sucks, bear market pls come so soon

The top was like 2 months ago. You warning us now?

I started a thread in the Bitcoin economy section and called it “I am getting 2018 top vibes”. I made that thread 10 days before the actual top. And almost everybody disagreed with me.

Saying stuff like “dude the top is not even close”, “the top won’t be until end of 2022”, etc. Nobody believed me.

Because back then when Celebrities were shilling crypto people assumed that it must at least go to $100K. However since everybody assumed $100K was locked in, the complete opposite happened.

That and people quitting their careers to trade crypto full time and those who took home equity lines of credit to buy crypto.

69k is not the last bulltrap because it was the top, the last bulltrap is something people think it will be higher than the top but then it doesn't, that is the last bulltrap that is yet to come, in 2018 we had that in march, eth crashed to 300 usd then rose to 850 usd and then crashed to 80 usd, that moment it got to 850 usd, many sheeps got in hoping eth would again hit more than 1400 usd and then it didn't and in 2014 we had another last bulltrap too, so maybe the last bulltrap will hit close to 50k, maybe btc might crash to 32k now and then go up to almost 50k and then crash to 10k or below, I have a hunch that btc will fill that 9600 usd cme gap and then backup to 15k-20k and stay there for a long time before going up again.

Yeah, manipulators will earn money both ways, with sheeps selling and making btc price lower and lower now and then with sheeps buying their coins later  when the same manipulators pump btc again. I guess this was the russian news, so nothing to worry here yet, there will be the last bulltrap, if people can sell now and then buy much lower and then sell on the last bulltrap they will win, do not make the mistake of not selling when the last bulltrap comes, if you do then that is gameover.

Another reason this is going to crash hard is because there are too many bagholders, first sign of weakness btc does, I mean going lower than 28k then that is when everybody will sell, as long as btc is above 28k then they will not sell. This is going to be fun, they will not sell at 40k but they will sell at 10k ehhe

And is not only that, there are too many new miners that spent billions of dollars buying  expensive gpus, manipulators will make all those miners their sheeps and will buy their coins so cheap in the bear market, mining for scraps when they dont hit negative profit, most of the time will again be negative profit. Anyway, there are too many reasons this is going to hehell but not just yet, things take time.

Fair enough but i strongly believe the 2nd bitcoin top (69k) was already the last bulltrap.

This is how it starts, people arent convinced yet but when ethereum goes under 2k we will some large sellers come out.

Grayscale bitcoin is selling at a -28% discount.




Breaking: ethereum under 3k currently

I thought I was the only one with some sense here, anyway, I'm still not fully convinced this is going to crash hard yet, I'm still waiting for the last bulltrap and so far it has not come yet. There is always the last bulltrap before crashing very hard and that will be the time to sell all your coins.

Dont be caught bagholding again, don't fall for the trolls that tell you this time is different. Saw all the same stuff last cycle.

Jimmy Fallon of the tonight show has an NFT as a profile pic, Obvious top was obvious, vitalik and the eth foundation sold a bunch of ethereum at the top yet again.

90-95% drop for ethereum from 4800 will happen, anyone buying GPUs will get ultra rekt.