lol. the fact that some people seriously think this just goes to show that the bubble isn't done popping yet. we still have some air to let out of this bloated market

crypto is basically dead money for YEARS, aside from the odd anomaly. it will probably go back up at some point, but there are way better opportunities around right now.

We’ll see

look what is happening with all the exchanges going bankrupt, all the scams, all the bullshit. the public belief in this ponzi is evaporating before our eyes.

now comes the wave of regulations. gone are the ideal of an unregulated, crowd sourced currency "for the people", taking power away from central banks etc etc.

all the crypto bros now crying to the government cause SBF ran off with their s*** coins. they only wanted it unregulated when it was going to the moon.

Good blog tho @op

would love to hear your bull thesis honestly. let's see what your reasoning is

thank you <3

If you weren't paying attention to Chinese stocks or specifically Chinese IPOs then there was no way you could have predicted those moves. Same way if you weren't paying attention to all of those s*** coins that were going parabolic in 2020/2021 could you have predicted that.

Dude said he made decent money in 2020 when the markets were crazy but he's waiting for the market to "stabilize". I was trying to reiterate that there will always be opportunity even when you think the market is done or about to go back to "normal".

Real use case for btc & eth. Permissionless finance on eth, digital gold for btc. Nearly all the leverage has been taken out of the system with these wipe outs this year

Fidelity going full steam ahead on their exchange so might bring back some confidence.

Visa already adopting L2 solutions on ethereum. - starknet. Also jpm testing -

Stablecoins are great & easy to use. Cbdc’s I’d guess most likely will be on ethereum too

So I see adoption of the real things that have value while centralised old systems were at failure again

while it may be true that legitimate use cases are emerging for crypto and blockchain, what you are missing is the underlying psychology that drives price action. 2020-2021 was an extreme mania where people bought every and all crypto without any regard for what its use might be or how well designed it was. all anyone cared about was making money

now that that mentality has been severely damaged, it's going to take a while for people to put their money back in this s***, even if it is legitimately being adopted for various uses

the dotcom bubble is the perfect a***ogy. you had an emerging technology, the internet, and many companies built around that. some of which were stupid and pointless, some of which were legit, like amazon. the price of these companies went way up during peak mania, then the price went way down and stayed down for years. even legit companies did not see valuations like they had during the peak for years and years

to think that this time is going to be any different is a bit foolish IMO

Things move way faster now imo

u could be right, I just dnt see it happening personally. Sentiment changes quick & new narratives can form. Lots of people thought crypto was over in 2018

& from what I’ve seen, the selling of paper btc in particular may have hindered its price action this last cycle s/o @neon

This year could be very interesting as there is the historic data pointing to a recession along with the media. But on the hand, many people think stocks are going to recover from their 2022 losses. Remember, at the end of 2021, no one was predicting a recession, bear market or the worst bond market year in history

yeah my bad I should have specified I was talking about the SBF article

I think where we disagree is that you say things like "the web-3 mania that spread across the globe from 2020 to 2022 was so obviously fated to end badly" -- though as if, just like you said - "one of the biggest financial bubbles in history" wasn't already fated to end very badly. It's the biggest talking point for crypto skeptics and makes no sense to me. Of course growth assets like tech and crypto would be hit the hardest in this macro environment. That's what I meant by you're just singling out the current state of crypto to support your skeptic thesis.

I also saw your other post ITT saying "all the crypto bros now crying to the government cause SBF ran off with their s*** coins. " -- I think this is misinformed. I don't understand how you could have worked in crypto and yet still had this kind of take. People in the crypto space have been calling for clarity and proper regulation for crypto assets for so long. Coinbase is an example company that is properly regulated and operating just fine on US soil. SBF, 3AC, Celcius, and other shady lenders and centralized entities were not crypto. The fraud they all committed had nothing to do with blockchain or decentralization. They were grifters under the guise of crypto ideals and values. Crypto won't go anywhere and will build better without them.

Though I can be openly skeptical of crypto and agree with you in that the space is just filled with way too many scams and grifters that it is hard to see anything useful being built. I also agree with you that most of the s*** that came out of the mania of the last two years will vanish, much already has, and the good stuff will remain. I also saw your other post ITT and agree with you that there is better opportunity elsewhere right now if you are looking to put your money and skills to work. But it would be a mistake to turn away from crypto and miss the great potential it has right now. There are still lots of opportunities.

Regardless, your blog is thorough, well-written, and nice to read. I look forward to reading more of your a***ysis in the future!

also, just an idea - you probably would have got alot more benefit posting this thread in life sxn

You have a 50% chance of being correct. Stocks will either go up or down in 2023.

you're a tourist

stick to learning

but you can learn/hear about something before other people

Don't invest if you can't miss the money tho, if something happens and your s*** is down 25%. Which means you can't afford something important don't do it

Damn lmao

Thanks. I will go and buy more DOGE