@MagicEden I’m extremely disappointed and disheartened by how this was handled. You had every opportunity to do right by your most loyal holders, and you didn’t.
@MagicEden Expecting users to manually re-link their wallets — without clear warnings or automated migration from the old Foundation system — is not just poor UX, it’s a failure of responsibility.
The cryptocurrency market, including #Bitcoin, is currently experiencing a downturn. Here are the key assessments:
Federal Reserve's Influence: The recent announcement of interest rate cuts has shaken the market, leading to significant sell-offs. The Fed's lack of interest in Bitcoin reserves adds to the uncertainty.
Fear and Uncertainty: Panic is spreading among investors, fueled by potential institutional restrictions and a perceived lack of support for cryptocurrencies.
Market Corrections: This might be a natural market cycle, with altcoins seeing steeper declines than Bitcoin. Small investors are selling out of fear that we've hit the market peak.
✅ Advice: Stay calm, conduct thorough technical and fundamental analysis before making moves. This could be an opportunity to buy at lower prices, but be mindful of the volatility.