/biz/ - Business & Finance

[Anonymous No.52908341]

Was 2018 this bad?

[Anonymous No.52908356]

>>52908341
>2018
>5 years ago

[Anonymous No.52908363]

worse. the "bottom" was in for months and then we crashed 50% in a couple days after people loaded up their bags. Exchange fud was a lot less. No reason to think the big players that don't have shady lending practices are insolvent. It's dumb fucks thinking risk free 7% APY is normal that caused this scenario

[Anonymous No.52908369]

>>52908341
>zoomers consider 2018 a long time ago

[Anonymous No.52908382]

I’VE BECOME SO NUMB

[Anonymous No.52908569]

>>52908341
No. Maybe because was my first bear and cashed out a lot but this bear feels really painful (I did not cash out this time). The pain has been so deep, it penetrates you. It is a torture. Powell and the jews with their fud are keeping the market stagnant and stagflating to hide the fact that inflation is caused by the money printed because of the 2019 repo market. They will keep the market stagnant for long this time, while in 2018 stock market was ''ok''...so bitcoin should pull a bull run alone in 2024 this time, cause jews want the market go to stagflation for 2 years

[Anonymous No.52908588]

>>52908369
That's the year all the zoomers turned 18.
Remember when you thought 30 was old?
That's you now.

[Anonymous No.52908589]

>>52908341
No. We’re watching trillions get wiped out in a matter of months

[Anonymous No.52908703]

>>52908589
>trillions get wiped out in a matter of months
they have to return

[Anonymous No.52908828]

>>52908341
>ICOs were the NFTs
>Binance was still new with no track record
>USDT was fudded and was the only option
>Link was worthless
>Everybody laughed at you
>Bizonacci left
>Couldn't get any worse right
>Down another 50%

Yeah it was bad but unlike today, the rise of low effort animal tokens made it easier to seperate shitcoins from legit projects. In 2017-2018 alot of projects sounded like legit pink sheets with Request Network, Ambrosus, Waltonchain etc. It was much harder to tell which ones were not going to make it through a bearmarket. It felt worse imo partly because I was a newfag.

[Anonymous No.52908862]

>>52908569
Powell is doing a great job punishing people for being so greedy and voting for more gibs in 2020 and 2022. I want to see these Millennials struggle, then they’ll stop castrating kids and pushing weird social stuff onto the rest of us. None of that matters when it’s hard to put food on the table.

[Anonymous No.52909108]

>>52908341
largest absolute value that's gonna be wiped out yes, but relative value wise, no. large thanks to overleveraging, greedy big players and poorly designed game theory contingent protocols and worthless token backed assets backed by tokens backed by tokens... we aren't at the bottom yet, worldwide stability is low, recession is in, war is being dragged out, haven't resolved this CEX contagion, and we are overdue for another black swan to be quite frank

[Anonymous No.52909360]

>>52908341
No, it stopped dumping after 1 year, we are over a year now since the November high

[Anonymous No.52909363]

No, there was at least some hopium on the horizon. Now it's straight pain and nothing to look forward to.

[Anonymous No.52909383]

>>52908703
lol, lmao

[Anonymous No.52909386]

No, as tradfi wasn't in a bear market

[Anonymous No.52909394]

>>52908341
No.
Just measure the ath to the low. This bear market is literally longer and most likely hasn't bottomed yet.

[Anonymous No.52909400]

>>52908341
No. Crypto was miniscule so crashing something that already was next to nothing wasn't a big deal. It didn't take much to get back up to the miniscule level. Now we actually got somewhere. A scammer in the Senate etc. A lot more difficult to get back up now

[Anonymous No.52909419]

>>52908363
yes but the drawdown last time from 19k to 6k wasn't as bad as now, and most people are still calling for way lower now.
if we do hit a lower low and go to something like 12k, it will be worse than 2018 both in terms of time and drawdown
and everything else in the economy is shitting itself too
this year has been way worse than 2018 imo

[Anonymous No.52909423]

no, we weren't in the second cold war and china was still pumping our bags with their workforce

[Anonymous No.52909525]

>>52908356
>>52908341

[Anonymous No.52909552]

>>52908363
a decade-plus of stupidly low interest rates broke people's brains

I'm getting over 3% on my savings accounts now, and 4% on t-bills, and it's fucking great

[Anonymous No.52909556]

>>52908703
>the money HAS to come back...right?
money returns to sectors and industries because they make/do stuff
what the fuck does crypto DO, exactly?

[Anonymous No.52909588]

>>52909556
the same thing it did when money flowed into it in droves in 2017 and 2021
nothing more, nothing less

[Anonymous No.52909605]

>>52908341
no, now feels worse.
macro headwinds, everyone is a front stabbing jew instead of a backstabbing jew, zero bounces in the market

[Anonymous No.52909620]

>>52908341
Consumer confidence was not this low no.
The difference about this is that the market is being influenced my macro conditions, in 2018 there was hopium because it was considered part of a cycle and MANY predicted the bottom believe it or not.
The current conditions we are in are very troubling because it's difficult to predict when the turnaround happens. I'm no perma bobo, there will eventually be light at the end of this tunnel, but when is honestly a fools game to play. We could very well crab for the next few years and I'd stay the fuck away from options for the next few years unless you are literally okay with gambling.

All I can say is that it's obvious that people placing dates on when we return to bull is a sign of the times, we all, as a collective of investors from institutions to retail, got too greedy. Until these perma bulls become unbelievers we have a long way to go. I don't believe in horoscope fag shit but it really does feel like we are being punished for our greed. Lashings will continue until morale DECLINES. Which won't happen until this time next year, when everyone on /biz/ and pleddit says "woah hey guys where was that heckin transitiarino?"

[Anonymous No.52909641]

>>52909620
crypto has literally peaked
95% of existing coins will never set another ATH

[Anonymous No.52909666]

>>52909641
bottom signal

[Anonymous No.52909681]

>>52909641
LOL newfag

[Anonymous No.52909692]

>>52908588
>>52909400
>>52909588
>>52909666
Checked. KEK confirms this bear market is the worst but this is also the bottom. Bobos will cope seethe and dial8. Simple as. Niggers tongue my anus.

[Anonymous No.52909698]

>>52909692
Also redditors need to gtfo and rope. Nobody checked the dubs in this thread before me, which is shameful. Niggers.

[Anonymous No.52909916]

>>52909698
redditors diluted the value of this place
You can't trust any advice on here anymore.

[Anonymous No.52910442]

>>52908341
I doubt it. But only a few projects have been around since then.
>>52908828
Many of those are dead now. Utrust is one of the few to keep going.

[Anonymous No.52910473]

>>52908341
i thought about this for a second and no it wasn't this is bad. Nobody really gave a fuck about crypto in 2018, they just heard a bunch of people got rich and a lot of people piled in (simliar to today) but it wasn't as blatantly rife with fraud and obvious illegality. It was covertly rife with fraud and less obviously attempting to subvert the law so it was ok?!
We're in trouble because a lot of the things that gave rise to the ecosystem are in danger. Bitcoin doesn't like interest rates, and also Bitcoin is not a store of value to hedge against inflation.

[Anonymous No.52910477]

The 2018 bear was so bad pretty much everyone forgot about crypto. They either cut their losses or let their shitcoins ride to 0.

[Anonymous No.52910484]

>>52910477
the most normies got in 2020/21

[Anonymous No.52910551]

>>52908363
>the "bottom" was in for months

[Anonymous No.52910603]

>>52910551

I'm expecting that again, although on the timeline of comparing each year, we're already past that point.
The difference for me was, in 2018. I bought the whole way down, now I've got a tidy stack and some money on the side if it does happen again

[Anonymous No.52910757]

>>52908341
No. 2018 had EOS and Litecoin pumps

[Anonymous No.52911310]

It has been 20k to 3,5
worse
Equivalent would be BTC down to 11-12 k
Also the amount of crypto tweeters is higher. Some people still think reversal is around the corner. In 2018 few gave a fuck about crypto, it was a laughing matter while stonks pumped across the board

[Anonymous No.52911344]

No because in 2018 the economy was actually growing so people could just go back to being a wagie. In this bear market you can't even be a wagie.

>>52908369
True Zoomers (Troomers) are born after 2000, so it was a long time ago for them. And for me because this is terrible.

[Anonymous No.52911360]

>>52908341
the real picture was more evil looking
>>52908363
not the cause, but the top indicator. there are always people out there dumb enough to believe that 7% APY is possible. when those people are fully invested in something and talking openly about it, that's THE classic top signal. you should be thanking them.

[Anonymous No.52911372]

>>52909641
And?
95% of shitcoins were trash to begin with.

[Anonymous No.52911439]

impossible to compare. 2018 was bad and the ensuing 3 years of crabbing made the whole thing feel like shit, but the 2021 boom justified a lot of bagholders and true believers, plus there were promising shitcoins scattered through it to hold people over. this time, however, things are completely different. major money is involved, there's much more government involvement and fud, few coins seem like they have huge potential, and there's simply less free capital floating around due to the consequences of violently overreacting to cuckvid 19. if crypto is going to have another resurgence, it's not going to be for at LEAST another year and more of these big exchanges eating shit

[Anonymous No.52911491]

>>52908341
It was never this public and disillusioning, in the previous crashes the media never really came out and said the emperor had no clothes.

The fact that cryptocurrency is just a hunt for greater fools has gone mainstream, this was the last hurrah. What's left is gamblers eating gamblers, with the exchanges taking a bite out of all them along the way, the normies are going to stay out indefinitely.

[Anonymous No.52911904]

In 2018 it was like everyone completely forgot about crypto, pretty much like 2014+.
In late 2022 we are at peak awareness but it looks like (((everyone))) now just want it dead.

[Anonymous No.52911969]

>>52909419
>yes but the drawdown last time from 19k to 6k wasn't as bad as now
It wasnt as bad because BTC went from $190 to $19000, a 100x
While now it's only 15x or smth.

What hurt most is not the drawdown, but the shitty gain in this cycle

[Anonymous No.52911972]

>>52911344
this is a strong labor market though

[Anonymous No.52912003]

>>52911972
Also we didn't have as many shitposts.

[Anonymous No.52912013]

>>52911904
yeah, the cat is well out of the bag but it does nothing but get ridiculed and spit on by EVERYBODY now
strange times to say the least

[Anonymous No.52912867]

>>52909419
If it hits 12k it will be on par with 2018 as far as price action but 2018 had less chances to recover. I think 2018 was worse (so far)

[Anonymous No.52912946]

Been there, This one feels worse despite losing less value. Probably because of the fud load+the fact in 2018 crypto was borderline scam with no infrastructure+coming off giga bullrun contrary to the pathetic 2021 so it felt more "deserving"

[Anonymous No.52913025]

Celsius, FTX and many other cefi platforms collapsing is the biggest game changer. I think most normies can eventually cope with a -%90 on their shitcoins and return a few years later to make the same exact mistake.

But being locked out by an insolvent platform, not able to withdraw, getting mocked for it, receiving weekly legal jargon emails from a law firm on a pointless chapter 11 procedure and literally seeing your bankrupt exchange sucked dry by lawyer fees... I think that leaves a huge scar.

[Anonymous No.52913053]

>>52908828
>Ambrosus, Waltonchain

[Anonymous No.52913055]

>>52909641
Shut up you dumb newfag that doesn't understand how the market works. If only I could remind you this your useless statement in few months to come. Do yourself a favour and hold utility project that have been building actively in this dip. ALBT, CHZ, Algo are few to mention. Find out the rest yourself or continue swimming in your flirty poverty.

[Anonymous No.52913761]

>>52913055
Kill yourself currynigger

[Anonymous No.52913799]

>>52913025
Good post.

[Anonymous No.52916122]

>>52908341
The thing with 2018 is that even though there was a long bear, there were bullish events going on too just that there wasn't the right price reflection. This time, scammers f**k us in the ass anytime it looks like the prices might improve.

>>52909394
This is my major fear to get in now. The bottom might come as a huge crash that can't be controlled and that's a risk I don't wanna take. I'll rather just leave my pf majorly in stables.

[Anonymous No.52916419]

>>52913025
>platforms collapsing
Great post. I'm sick of it all and almost ready for Fidelity BTC trading, let alone normal people.

[Anonymous No.52916435]

>>52916122
Even while in stables, it would still devalue cos of inflation so why not take the risk for something with the potential to have a rise in value.

[Anonymous No.52916716]

>>52916435
It will only devalue when you just leave it in your wallet accumulating dust. I'm leveraging mine on SpoolFI and I can boldly say that inflation has got little or nothing on me rn thanks to that move.

[Anonymous No.52916807]

>>52913025
>>52913799
>>52916419
You guys overestimate how many normalfags were actually using those platforms, but even so, the retards who lost money in FTX for example will fall for the next scam just as easily as this one. Normalfags don't actually learn; they're NPCs. In a couple years, nobody will remember FTX, let alone Celsius or Voyager or whatever other CeFi scam. There will be a new crop of scammers and also a new crop of retards to get scammed, to go with the last batch who will FOMO right back in thinking that "it won't happen again like last time".

[Anonymous No.52916907]

>>52908341
>implying being a 2021 fag or 2018 fag matters at this point
>meanwhile whales that were in crypto since 2010 or 2011 could buy literal bags of shit like XRP and become multimillionaires and pull us like puppets while the markets bounce around and inflation slowly fucks you in ass

Theres always the stinkie linkies that brag about "got in early" but they are too mentally damaged and are sirgays little toys. Really if you got in 2017 or later just admit we're all in the same shit club.

[Anonymous No.52916913]

>>52916807
https://www.imdb.com/title/tt15479902/
you all remember Gerry Cotten and
michael patryn
https://thecinemaholic.com/wp-content/uploads/2022/03/michael-3-1.jpg

[Anonymous No.52916979]

>>52916716
You seem to be earning good yields from that. Congrats to you.

[Anonymous No.52916998]

>>52908703
Oh sweet child, if you only knew. If you only knew...

[Anonymous No.52917021]

>>52908341
No

[Anonymous No.52917097]

>>52911310
Except 3.5k was 3.5x the previous top. Lots of people stayed in profit the entire time. This bear went lower than the previous top by a good bit. The bull market was shit this last cycle too.

[Anonymous No.52917174]

>>52916807
But were will be the media and influencers to talk them into it? The normies are the same, but the zeitgeist has still changed ... they're out for good, on to the next scam.

[Anonymous No.52917213]

>>52908356
Fuck

[Anonymous No.52917226]

>>52916807
>normalfags
Normies you mean? Smh


>>52916979
The yields are decent tbvh. Quite on the high side for stables but that's because the pools are incentivized with ERC-20 tokens.

[Anonymous No.52917269]

>>52908862
I know this is boomer satire, but god damn does it make me want to punch a hole in the wall.

[Anonymous No.52917271]

>>52909419
>and everything else in the economy is shitting itself too

this is the only thing that gives me true fear. IN 2018 crypto was fucked but the economy was doing great otherwise. This time crypto is fucked, AND the wider economy is fucked as well

[Anonymous No.52917404]

>>52916913
Exactly.
>>52917174
>But were will be the media and influencers to talk them into it?
I'm not sure why you think there won't be media and influencers. Likely not the same ones, but they will certainly exist for as long as social media platforms exist.
>The normies are the same, but the zeitgeist has still changed
The "zeitgeist" changed in the 2018-2020 period also, and nevertheless shifted back in 2021.
>... they're out for good, on to the next scam.
Doubt.
>>52917226
>Normies you mean? Smh
>reddit spacing
You need to go back.

[Anonymous No.52917598]

>>52908341
no

[Anonymous No.52917721]

>>52908356
noooo

[Anonymous No.52917878]

>>52908341
Gold was around $1200 / oz in 2018.
Now it's $2000 / oz.

What do you think?

[Anonymous No.52917915]

Spot might SAY $1800 but good luck finding a gold eagle for close to that price.

[OmegaMaker !i6apW.sJiU No.52918446]

Not really. 2018 was pretty based since all the tether fud allowed you to make a quick 20% on your entire crypto stack over night many different times since it always repegged. Only the doomers and crypto non believers missed out and lost money

[Anonymous No.52918477]

>>52908356
im not getting old im not getting old im not getting old

[Anonymous No.52918580]

>>52918477
You’re getting old cuck

[Anonymous No.52920117]

>>52918477
your hairline is receding oldman