Sentiment from 2018 vs now

I think it’s very telling seeing how everyone was reacting and spreading FUD back in 2018 after the sky seemed like it was falling.

Comparing older posts back then to now…it’s the same. Yes, the old saying of “history doesn’t repeat itself, but often rhymes”, is pretty well known. But, back then the same type of articles claiming ‘BTC is dead’, and ‘crypto is done, will not recover’ were posted everywhere. Peddled by the same institutions who fear change.

Reflecting on that time to now has a sense of deja-vu. Everyone was panicking, most sold, and those that had the resolve to weather the storm were the big winners.

The main difference this time are the multiple black swans (Luna, FTX), and ofc a war and a recession looming—but i’m of the thought we’ve been in a recession the past 6 months.

I guess my take away from comparing the two bears is to stay the course. Money is made during bears when everyone is screaming crypto is a giant scam. The masses will flock back in when they see the pumps.

Crypto is an idea that challenges the status quo, and ideas are bulletproof. NFA