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It seems to me that the overall consensus is that we are at the beginning of the bear market.
My entire timeline is bearish... quite a few big accounts have completely given up on altcoins, some even publically stating that they have converted them into BTC (at BTC.D sitting at 60 xD)
This aligns perfectly with our sentiment readings which are hovering around 20/100.
All of this makes me believe that the buys on altcoins here and now are incredible opportunity...