THELOGICALINDIAN - n-a
The Great Crypto Crash of November 14th, 2024 will be remembered for one reason: and it’s not because it’s the day your iPhone assuredly self-immolated in a Blockfolio-induced panic.
It will be remembered added for the barbecue of crypto aliment on affectation at the Bears’ Picnic.
Cardano. 94% off.
Tron. 92% off.
NEO. 92%
Top projects at abatement prices! Black Friday doorbusters for bankers!
Crypto has entered the bleakest point in the trough, area the beasts accept long-since accustomed up on their continued positions. There is no amount support. There is no affecting support. There is artlessly despair.
If you bought at the top of the market, you can’t possibly advertise now – so the clamminess begins to basal out. As it does so, the sellers who are larboard become added desperate. They bead their prices further, falling over anniversary added to dump their holdings: and the bears salivate.
A balloon burst, about a year ago. But a dam broke, today.
Today was the day that the bears accept been patiently awaiting. When the pent-up annoyance of a year of bad account assuredly roared over the top in an unstoppable river of panic.
A year in which crypto has absent its value, its reputation, and a acceptable accord of its allure.
We’ve apparent assembly and administration agencies prevaricate, we’ve apparent scams and frauds, we’ve apparent the blockchain appearance ache the weight of hundreds of projects that had no business pertaining to this technology.
We’ve see Wall Street financiers accuse Bitcoin while accepting crypto exchanges. We’ve apparent the acronym ‘ETF’ become a alarm of ablaze to a bulk of investors who don’t apperceive what ETF stands for. We’ve apparent egotistic Twittering fools go supernova, alike briefly outshining the assholiness of the Tweeter-in-Chief.
What’s larboard in the rubble?
The aforementioned that was there a year ago… but a year added mature. A year added advanced. A year better-prepared.
Think about that.
Now get in there, afore the bears eat the accomplished thing.
The columnist is invested in agenda assets. And intends to break that way.
