this post was submitted on 09 Aug 2023
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Read all about it at the above link. There's way too much to process here. This is going to be wild.

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[โ€“] Fish@midwest.social 3 points 1 year ago* (last edited 1 year ago) (1 children)

I'm not sure if I agree that crypto is going to swing back up, or at least not like it did in 2021. The subreddit may have more than 6 million users, but it doesn't have any posts in the past week with more than 1000 upvotes. In reality, the crypto subreddit has a smaller userbase than Lemmy. That's probably not entirely representative of the entire crypto community, but I think that it does indicate that a lot of people have lost interest.

I'm definitely looking forward to seeing how it all goes down though. Makes me glad I'm on Lemmy now.

It was much worse in 2019, a post hitting over 100-200 was unusual and the comment sections were beyond dead. Most comment sections these days are still filled with hope, in 2019 suicide hotline threads were a weekly occurrence or more.

We'll see anyway, the BTC halving has led to a run 3 times in a row so far, just like clockwork. Barring another recession I just see the same pattern forming.