What draws people to crypto? It should be for the opportunity for a better system, blockchain technology, economic sovereignty, security, payment networks, applications and daily uses.
However most come for the profits, greed and euphoria that happens each cycle.
Most enter crypto in the bull markets (2013, 2017, 2021) and leave for the bear markets. Not only do most “investors” lose money by day trading, buying alt coins, pump and dumps and memes, they fail to understand why crypto is important.
If people had spent the time to understand bitcoin and fiat money there would be a revolution. Yet most can’t be bothered till it’s too late. Central banks have been debasing money for centuries. They need this to happen to have working class fiat slaves.
Inevitably throughout history fiat currency has not only lost most of its purchasing power, it has been replaced entirely by a new system. Once CBDC’s replace fiat money, then the masses will come to realize why bitcoin and crypto is important.
All of the contrarians who are apart of this bear market congratulations - it’s not easy to be here and you shall be rewarded in the years to come. We are still part of the early minority that will later transcend to the consensus in the decades to come.
Like every cycles I’ve seen since 2013 - it’s best to be bearish when the consensus is bullish and euphoric and bullish when the consensus is bearish. The most development happens in this space in the shadows of the bear market.
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