The reason this bear market feels so shitty, is because unlike previous ones, everyone in the world knows about Crypto now.
Weโve had 15+ years to prove ourselves as an industry and to the average person, itโs still just scammers, dweebs and incels who dominate this place
You can hardly blame them when people here move like a mob.
Someone dies and youโre instantly harassing their family to endorse a coin etc
Beyond that events like 10/10 just proved how structurally weak the foundations of Crypto are. Huge power relies in the hand of a few, who donโt keep things safe
Stocks have also been ripping and itโs invalidated the entire Altcoin thesis about them being more volatile with greater potential returns, when in fact theyโre all -99%
I still believe in this industry and what Bitcoin stands for, but even many are doubting that with people like Saylor hoarding supply and his sell thesis failing
On the bright side, weโre making more legal and clarity progress than we ever have as an industry.
Through all the mud itโs clear the next bull market is going to setup to be the most insane one ever
Itโs just annoying in the moment, and makes it way more a drag to be in this industry than it should be sometimes