It is not just the people you named who are basically saying altcoins are useless. We all know it and we all have been saying that altcoins are useless. They have no future and the "Greater-Fool theory" is describing the situation in altcoin market very well.

But none of it has anything to do with bitcoin and what it is or isn't going to do in the future.

It depends on what market you are talking about.
Since you use the term "crypto" then I have to say what is happening in the altcoin market is not a correction it is a dump and it didn't start recently to stop, it started in 2018 and has been ongoing.

What we have in bitcoin is also not a correction, it is a crash and since it is not a logical market behavior it is not possible to predict when it will stop.

Those who are not doing any analysis are not a trader at all, they most likely a buyer and seller with no trading experience at all. Its ok to be greedy but have that trades using your own strategy and analyze the price trend first, usually traders don’t buy new tokens they wait for the trend to appear before buying. Being greedy is too risky, it can cost you a lot if you do it carelessly, have some time to reflect before buying anything, this is cryptomarket and this market is very risky and too volatile.

Someone will keep telling you that Bitcoin has collapsed… if you don't zoom out, you won't see the truth.

• January 2015 - Bitcoin plummets to $225
• July 2017 - Bitcoin plummets to $2500
• June 2022 - Bitcoin plummets to $20K

Someone will still tell you later, bitcoin crashed to $200K… run before it's too late.

Bitcoin has been around for 13 years and for the last 13 years the negatives about bitcoin have always been there and you know bitcoin hasn't stopped yet.










source: ThuanCapital

When is a good time to start buying altcoins? Is bitcoin ever going to 25,000$ in the coming weeks? How do you plan to start building your portfolio for the next bull market? Is now a good time to start buying?.