There have been 5 market resets since btc launched in 2009; each time crypto has come out stronger. Down cycles give devs time to innovate. 2018 birthed DeFi, NFTs, Ethereum alternatives, stablecoins, this is the course of evolution
Hodlers have steadily been buying throughout the bear market. The sell pressure has come from the risk-off trade in futures.
Once the SPX bottoms, BTC will have amplified gains as these contracts cover their positions.
What happens when Do Kwon goes to jail? things are gonna fall apart even more, the community will split multiple directions, and then $LUNA story finalizes and goes into the history books 📚 as a great failure.
I have little hope for the outcome of $UST and $LUNA.
Solana risks total failure, the founder of Ethereum is having an identity crisis, Hex is a Ponzi, and Cardano is vaporware.
Luckily, we have
and can safely ignore these flaming dumpster fires of crypto.
In the past I voted Democrat, because they were (mostly) the kindness party.
But they have become the party of division & hate, so I can no longer support them and will vote Republican.
Now, watch their dirty tricks campaign against me unfold … 🍿
The failure of Terra is akin to what went down in the dot com era; failure didn’t mean the internet was stupid it meant that particular model didn’t work & better ones were then built.