Many big accounts on CT will continue to tell you that alts are at a generational bottom and that buying them now is a great call

The issue with this advice is that even at a -90% discount, your favourite vapourware can still drop another -90%
And another -90%
And so on
We call these accounts "cheerleaders" because everything the market does is spun into a bullish positive
> Market downside = big discount, buy the dip
> Market upside = higher, it's just getting started
> Sideways = consolidation, next leg up is loading
Eventually alts will bounce and these accounts will say "I told you so"
Discounting the fact that anyone who listened to their advice from day 1 will have been liquidated many times over