During this brutal crypto crash people are looking for answers. One of the big issue that I see is that a lot of the top YouTubers in the crypto space weren't around during the 2013/2014 boom cycle so they have never actually been through one of these hellatious crashes. A lot of them continue to talk about technology they don't understand and make up technical chart analysis bullshit that is basically worthless.
Don't Trust The Following People
YouTubers who weren't around during the last crash. They might look at the pain on a chart but they didn't feel the pain and the pressure like myself and others did. I can tell you it was more than twice as bad as what we have experienced so far. Look at the chart from 2015 and crypto was seriously on life support. There wasn't any ICO money to keep working on stuff for the most part. At that point everyone was just wondering if Ethereum was just vapor ware at that point.
Manbabies. If someone doesn't have any bills to pay then their how theories on when to buy and sell aren't relevant. Obviously it would be easy to HODL if you have no bills.
Anyone who has pitched a crypto ponzi scheme. The obvious people that most would think I'm talking about would be
and
but also don't trust someone like Sunny Decree. The guy was in Bitconnect and a few other scammy programs but then tried to sweep it under the rug.
Someone who was a fulltime crypto shill. Suppoman, John McAfee, and Ian Balina fall into these categories.
Look At The Data
There is no guarantee that history will repeat itself but it often does. Bitcoin lost 85% of its value back in the 2013 boom cycle so $5,000 would be a 75% loss this time around and $3,000 is an 85% loss. It could certainly happen but we could also hold around the $6,000 level and confidence could rebuild. Be mentally prepared for 90% loss on Bitcoin and 98% loss on altcoins from their highs. Then a drawn out period where everyone is totally REKT and staggered.
You can check the percentage differences from the All Time Highs on this website.
https://athcoinindex.com/
Hopefully it doesn't get that bad but it certainly could.
Who Can You Trust In Crypto?
Ok I will give you one name besides myself who gives good information and doesn't fall into the categories mentioned above.
"But Brian you aren't even voting for his posts?" That's right..... he has never voted for me and isn't really engaging in the community and using his voting power on others. Mainly he is just dumping content here and not upvoting others. Maybe let his YouTube ads play when you are watching his videos. Seems like a nice guy but do you want me to end up looking like this over here?
I have too many mouths to feed including my own!
Good luck in this market. We might all get our teeth smashed in. Only time will tell!
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