2025-12-09 13:36:54

After watching this recent market movement, I’m completely numb.

Bitcoin plunged straight down from $126,000, with a 25% drop smashing the price to $94,000. And that was just the appetizer. Those altcoins? Some were cut in half instantly, and the more brutal ones dropped 80-90%, leaving portfolios awash in red.

When I first entered this space in 2017, I didn’t believe at all in the so-called “four-year bull and bear cycle.” I always thought it was just a line seasoned veterans used to fool newcomers. But the market loves to slap you in the face: bull and bear markets are never something you can call out in advance—they only become clear when you look back in hindsight.

Actually, the fuse for this crash was lit long ago. Half a month ago, I warned about the risks within the community, but at that time market sentiment was sky-high and quite a few people said my vision was too narrow and I didn’t understand the big bull market. Looking back now, that warning turned out to be a self-fulfilling prophecy.

At the start of the month, when BTC was consolidating around $110,000, all kinds of small tokens went crazy, surging five or even ten times in value at the drop of a hat. I know this scene all too well—the last bull market’s final stage was when these “monster tokens” were at their wildest, and right after that came a massive harvest.

This time was no exception. The market hit back hard: $19 billion in leveraged positions were liquidated, and the entire crypto market’s total capitalization gave back all its gains for the year. This move proved a golden rule: behind extreme frenzy often lurks the most fatal risk.

From a historical cycle perspective, the timing of this downturn was also spot-on.

BTC-1.06%

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CryptoMotivator

· 8h ago

Damn, only now do I regret listening to the advice After this, where are those who said I had a narrow perspective? A cut in half is nothing, I've seen it worse

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orphaned_block

· 9h ago

Haha, here we go again. This time, it's our turn to be cut, where are those "big Vs" from before? The phrase "a prophecy fulfilled" is perfectly used here, almost like tattooing "I told you so" on my face. All positions are in the red, already numb, anyway, we're long-term investors, right? (self-consolation). 190 billion liquidated, that number sounds painful. Whose leverage is this reckless? Old-timers who entered in 2017 see through it; this is just a harvesting game. The cycle completes, and it will continue next round. That wave of altcoin surges at the beginning of the month made me want to vomit—I really see the same tricks replaying. Those who don't believe in cycles are probably regretting now. The market just loves to punch you like this.

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CryptoWageSlave

· 18h ago

I've seen it all along. Everyone I advised back then couldn't listen, but now it's good, right?

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shadowy_supercoder

· 12-09 14:06

Ha, this is what I called the “altcoin harvest season.” I could smell it coming a long time ago. Those who regret it now wouldn’t listen at all half a month ago. I just want to ask, how much further does this dip have to go before it’s over? I didn’t touch any coins that got slashed in half, but it still hurts to see the numbers in my account. This thing about cycles, whoever’s turn it is just gets beaten—nothing more to say. “Prophecy fulfilled” describes it perfectly. Next time someone brags, I’m blocking them immediately. Honestly, as I see it, liquidations on leverage are deserved—there’s not a single innocent one. Everyone kept talking about a huge bull market, but then it all reversed in an instant. Hilarious. I’ve learned my lesson this time. If I go all in on small-cap coins next cycle, I’ll really be an idiot. $19 billion in forced liquidations—just hearing that number is satisfying.

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blocksnark

· 12-09 14:05

I told you long ago, this wave is really risky, but still a bunch of people insisted on catching the falling knife. Now do you understand what "shitcoin harvesting" means? Damn, 19 billion in forced liquidations—how many people is that going to crush? To be honest, I didn't believe in that 2017 cycle theory before, but now I really do. Those coins that go 5x or 10x, I saw through them a long time ago—they're just part of the rug-pulling game. The market really loves to slap people in the face; no one can call it right. Prophecies coming true—I've seen that happen way too many times in this space.

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GweiWatcher

· 12-09 14:02

I sensed something was off long ago, but still got trapped and took a huge loss. Now I regret not listening to your warning—shouldn't have touched any of those shitcoins. By the way, looking back, that warning you gave half a month ago was spot on, almost like a prophecy. How were you so accurate? Halved? Mine broke straight to the bone, my account is wiped out. This cycle theory really isn't just talk; after suffering this loss, I'm a believer. $19 billion in leveraged positions liquidated—another massacre, so many bag holders got wrecked. You should run when those shitcoins go crazy. Now I finally understand how I got killed.

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BoredWatcher

· 12-09 13:59

Damn, I knew I shouldn't have gotten greedy with that 5x coin, now I've lost it all. It's too late to regret now, just treat it as tuition for learning. I'm already sick of this same old pump-and-dump routine, it's always the same playbook. When those shitcoins were skyrocketing, I wanted to cash out, but greed got the best of me. This cycle theory really isn't wrong, I didn't believe it before either. I'll just wait until it bottoms out and slowly buy in, no need to rush.

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EthSandwichHero

· 12-09 13:59

Oh my god, my altcoins... they're just gone. It's the same cycle theory again. If only I had listened to the warnings. Honestly, there were people warning about the risks back then, but I just didn't take it seriously. This time the liquidation was brutal—$19 billion in leveraged positions got wiped out. That's insane.

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GateUser-4745f9ce

· 12-09 13:47

Oh no, here comes another round of “I told you so” live! If only I’d gone all-in short earlier—now look at my account, it’s as green as a Christmas tree. This round of leveraged liquidations feels like watching a rerun—the script is all too familiar. When those shitcoins were pumping 5x or 10x, nobody wanted to listen to advice. Now it’s too late to cry. $1.9 billion in forced liquidations—just hearing that gives me chills. Is this what they call a “major bull market”? From $126,000 dumped down to $94,000, and you’re saying that’s just an appetizer? Who are you trying to scare? The four-year cycle isn’t just talk—it’s brutal reality. Should’ve believed you back in 2017. But on the flip side, is now actually a good time to lay low and get in? Or am I just catching a falling knife? Looking at those people who called you “short-sighted” back then—wonder how they feel now. We’ve all seen the madness at the end of a bull run, but when it really comes, no one can escape it.

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