Crypto is Dead™

about 2 years ago

frens, the crypto market is bleeding. If you're in any cryptos, you probably already know that, though. BTC down 11% and ETH down 16%. It's over guys. It's time to go back to work at McDonalds. RIP.

Crypto is Dead™

RIP to crypto. The party's over bois... It's time to sell and go back to work. I hear McDonalds is hiring and paying more than ever before. Everything is going to 0. Even the "stable coins" are going to 0. The bubble has popped. Ok, I'll stop. I'm clearly joking. The market is very shaky right now, there's no denying that. This isn't the time to panic though. El Salvador isn't panicking. They're buying the dip again. Mr. Bukele is an absolute mad lad and I fucking love it.

Adding another 410 BTC to the country's balance sheet. Meanwhile Russia is putting the ban hammer on ole crypto. They're starting to act a lot like China. I wonder how many times they're going to ban crypto. They're doing this to "protect the citizens' of course, because you know.. You wouldn't want them to be exposed to something that could undermine your entire financial system, right? Russia has pretty much been against crypto from the jump. This isn't really news. Will they actually go through with the ban of using and mining crypto? Probably. Does the market care? It looks like it. Every time china has done something like this, we've seen a market sell off then recovery. I'm not saying Russia is the reason for this dip, but I'm sure it has something to do with it.

Source

Personally, I don't think this is the long term bear market starting. I see the next week or so as a determining moment. If this dip lasts for more than a week and we see ETH drop below $2,000... I don't think we're gunna be having a great time for a while. If we can hold up, I think the market will start to recover slowly. It's a good thing. The weak hands are being shaken out of the market. The true believers will survive. Guess what? I'm buying more CUB and staking in Kingdoms. Compound against the dip. Fuck it, I don't care about the price at this point. With Hive, we have an opportunity to keep earning crypto while the market is bleeding. That's my plan. Earn. Stack. Compound. Repeat. What's your plan?