The bear market has lasted 7 months.
Most of us struggled to keep up with everything.
Here's the most important events (you need to know) in 2 minutes:
The main risk of DeFi is protocol risk (bugs, vulnerabilities).
The main risk of CeFi is centralised mishandling of user funds (rugs, insolvencies).
The first risk drops as time increases (Lindy Effect).
The latter increases with time (probabilities).
Choose wisely.
I believe that there is a massive short opportunity for $ETH at ~$1200 over the next 2 months.
We still have not seen real capitulation yet and July / August are lining up to be potentially the worst months.
Here is how I am thinking about things 🧵
THORChain survived roughly 1/3rd of its on-chain Liquidity going to zero overnight (Terra).
A difficult time, but does it not prove the design? It contained the damage and rescued user funds before they were siphoned by toxic arb.
All whilst being decentralized. Onwards.
The last month in crypto has been brutal. If you're still around, you're one of the few.
Here are 9 great threads with crypto lessons that will help you prepare for the next bull market (whenever that is)
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