Crypto fucking sucks right now..
- Trump and his wife launched "official" memecoins
- Milei’s national meme rugs and fucks everyone
- Dude buys @kanyewest's account just to pump a meme for max extraction from unaware retail
- A guy loses everything on memes, livestreams his suicide saying “If I die, turn me into a meme” and sick bastards actually do it minutes after
That’s just the last month..
This place has become a cesspool of degenerate bullshit
Pumpfun scams left right and centre, people fucking on camera for pumps, kids threatening animals if there are no buys.. It’s beyond pathetic
The worst part? The people who should be gatekeeping are enabling this shit
@cz_binance pushing memes of his pets just to pump volume on @binance@coinbase and other tier 1s listing every garbage meme coin under the sun, just to make a quick buck while retail investors get obliterated
This space was supposed to evolve.. to be the future of finance.. a decentralized revolution
Instead, it’s devolved into a fucking whore house
Catering to the lowest common denominator and pandering to the dumbest most degenerate impulses.. which leaves a shitty stain on the entire industry
Surely the space is better than this?
There is some incredible stuff being built in #crypto but its all being pushed to the corners whilst everyone dives head first in this lunacy
The most influential people in this space have the power to steer this change.. for the good of the industry
People like @brian_armstrong, @cz_binance and others.. they can lead the way and help crypto fulfill its potential
But they are currently choosing greed instead of wanting the space to flourish and improve our society
It’s fucking embarrassing to be associated with this shitshow right now
This ain't the future of finance, It’s a fucking circus.. and right now the clowns are running the show
Do yourself a favor and stop comparing this cycle to prior cycles.
Bitcoin is highly likely in a supercycle.
The crypto industry has just experienced its most dramatic change in history, a fundamentally driven 180 degree turn.
The industry went in weeks from a barely legal pariah detested by the state, to one of the top industries embraced by the state.
The change is so extreme it's hard to find comparables in modern times.
Maybe gold in the 1970s is one.
The 1970s was a transformative decade for gold. Nixon's ending of the Gold Standard in 1971, dismantling Bretton Woods, sent gold surging from $35 per ounce to $850 in 1981.
Expecting a major local top around March does make sense, as I've covered in prior posts.
This would be heavily dependent on the slope of ascent, funding rates, and the broader economy. But one should not equate a major local top with the beginning of the bear market.
Maybe we do get such bear market. Anything is possible. But the conditions for it are not yet there.
It's also too soon to be expecting a top. Bitcoin bull-runs always last for many months. It's only been 33 days since Trump unleashed the Kraken.