Lark Davis Shared: What if bitcoin just ranged sideways for the next year and has neither a bear nuke nor a bull blow off?

Community Response:  Well, with lending platforms you can get higher ROIs than keeping your money in a bank.  So, it’s fine. In fact, stability in price is not bad.  If we all do this, I can assure the price will be up.

I wonder what you people are thinking? So far in crypto, every cycle has some kind of yield farming/lending platform and every time it is a scam. Just to be clear, unlike a bank, you can get rug pulled at any time with little to no consequences for the platforms.

Am sorry am not following, there are few reliable companies with external audit and registered stuff not referring to Banana pancake or whatever it’s called; however, if the interest payout is lowered it’s because the price is up, and that’s totally fine.

Crypto and reliability were never a thing, I do not know where you even get that from. Celsius, BlockFi all are just abusing the fact that crypto is fully unregulated to just get people’s cash in to crypto and then into FIAT. They can just say “we got hacked” and they can rug pull.

You can do nothing about it too, you cannot sue them or get the crypto back and they can just wash trade it away to cash in. It is all even stated in their terms and conditions.

You want those juicy gains? Accept the risk.  Ah yes, risk a 100% to get 5-10% per year, such a great risk to reward.  About 5-10%? More like 80000% for those rugged platforms.

BTC lost 20% Market Cap this year. That should tell you something, just switch to ETH. Much easier. BTC up 77% YTD vs Eth 420%. We all see where this is going. BTC is Atari, ETH is play station.

ETH is slow and expensive to use, I hate it.  How the hell is it slow? Expensive yes. And the reason is the demand, meaning people use it, because it’s the overall best solution.  If it is expensive what is the whole point then?  Because they haven’t released ETH 2.0.  When the merge becomes reality next year, it will at least halve the gas fee. As of now it’s not perfect, but will be.  It is the same story ETH is getting owned by other chains like Fantom FTM. It still has the name, but is heavily outdated. Halve the gas fee is still a joke.

What if COVID was already far gone, but governments kept its ghost alive to ruin everybody’s lives?

Not a far-fetched claim, especially when remembering around this time last year when everyone thought $75-80k BTC was imminent by Q4 2021.  New comers trying to make a quick fortune in ALTS is the main reason bitcoin is moving sideways and ALTs is sideway too (not blaming anyone, but that’s the reality).