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RE: LEO Roundtable #35 - Is this a 2017 Repeat or Is this Crypto Bull Run Different?

in LeoFinance3 months ago (edited)

Yes, this time is certainly different. The fact that there are now very legitimate, very wealthy, very intelligent individuals and entities actively (and publicly) participating in the space brings a ton of credibility and trust to the overall network. While I don't believe that will completely end big dips and bear markets, I do think it will mitigate them to a large degree. Rather than the 70%, 80%, 90% crashes of years past, I think there will be too many large buyers waiting to pounce on those opportunities for the price to go down more than 30-40%. Time will tell, obviously, but it certainly feels different this time.

Now altcoins on the other hand.....they still have the 90% corrections in play. Mostly because when the shit starts hitting the fan there, people will flee to quality: Bitcoin.

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You may be right. It will be most interesting to see how the institutionals will handle the bear market after the big crash in the second half of this year. I agree on the altcoins.

Investing in some oscillator type altcoin with a demonstrated capability to bounce back after a bear market or some hot new one could be the way to utilize this.

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I've thought about that. You wonder if that might not be where a DOGE or a Verge or a SIA coin comes in. Some sort of "dead" coin where a little uptick in price isn't going to cause the bagholders to sell into it and maybe could even cause a little pump. Interesting to think about....

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