1) Always remember when something happens crypto twitter's reaction is 10x worse.
Rationality leaves the door quickly in a state of panic.
Seen people compare $USDC to $UST.
UST was backed be magic internet money (algorithmic).
USDC is backed by real reserves.
👇
#bitcoin either found it's bear market (4yr Cycle Low) with this Nov low....or will do so on the next 60-day Cycle low, around the Jan 5th timeframe.
Given the contagion and loss of trust with recent events, leaning towards the early Jan lows. Structurally been a perfect cycle.
Ppl have and will hurt themselves over these kinda events.
Don’t do what we’ve done with ppl like 3ac and Do Kwan with Sam. Don’t have the memory of a goldfish.
These are greedy, malicious ppl who have ruined the lives on many for their own personal gain.
Over the next 6 ish months we are probably going to enter a period where many are swearing off of crypto
either out of just being tired of this bullshit happening over and over
disgust with the human condition
fear
can't blame em
fooo will be buying during this period though
November? a lil biddd
December? a lil biddd
January? a lil biddd
a lil bid of dis, a lil bid of dat
February? a lil biddd
March? a lil biddd
April? Not a lot baby girl just a lil bidd
May? ya heard fooo
My thoughts on the events of this weeek:
Firstly, everyone is hurting and kindness is king.
Riding crypto's ups and downs is brutal
Supporting people around you is a superpower on days like today