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21415013 No.21415013 [Reply] [Original]

Pic related is where we are compared to 2017. Pattern is longer due to the corona chinese virus scam. We're about to go parabolic and 10x the previous ATH

>> No.21415034
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21415034

STRAPPED THE FUCK IN

>> No.21415051

>random lines on a graph

okay warren buffet

>> No.21415123

>>21415013
except there was a market crash this year

>> No.21415131

>>21415051
Meme lines are so widely used by retail traders + HFT algorithms that they become self-fulfilling prophecies

>> No.21415153
File: 186 KB, 678x422, 1596996636526.gif [View same] [iqdb] [saucenao] [google]
21415153

>> No.21415161

Dum dum smooth brain.

>> No.21415198

>>21415123
and millions of normies are about to get another check for $1200

>> No.21415211
File: 47 KB, 320x320, 1597063987627.jpg [View same] [iqdb] [saucenao] [google]
21415211

not gonna work out, china virus scam caused a ton of unemployment and the US normies that pushed ETH and all alts to it's ATH just don't have the capital to put in like they did back in 2017.
and the people that do, aren't willing to risk it.
this bullrun is doomed because of the current state of the world economy.
defi had a nice run, probably will run up some more, but with the amount of protocols and lack of audits, people are going to start losing money to failures and then the bull is completely out of gas. anything that's tagged as defi is done too, and then we're back to crabbing for a few years.
even still, i'm in, just being pessimistic. and since i'm usually always wrong, let the true bullrun commence.

>> No.21415217

>>21415013
You're wrong because the last time we saw this price action it was due to a bubble. This recent price action is pure price discovery. ETH will trend towards a more fair value and stabilize there (800-1000 dollars). And at some point in the future there will definitely be a bubble that rockets 2-3x the prior ATH at the very least.

>> No.21415233

>>21415131
This is what people don't get.

>> No.21415237

eth really isn't ready to do shit until the gas jew is dealt with

>> No.21415292

>>21415123
in the grand scheme of things, the drop for ETH was only marginally larger than the drop before it ran for ATH in early 2018. It was a perfect storm last time due to FOMO.

This time around? Enterprise and Government Adoption. 0 Faith in Fiat Fractional Reserve Banking System. DeFi proving to be valuable. If last time was a perfect storm, this time it's a fucking perfect hurricane on Jupiter