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Y’all are turning crypto into TradFi

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by COINS NEWS 10 Views

I find it ironic that crypto was originally celebrated as anti-establishment and decentralized. Now, the entire market’s price is dictated by what the US Fed Chair says at his next FOMC meeting. Literally letting a centralised entity dictate the entire fate of supposedly ‘decentralised’ assets.

Before you tell me I don’t understand economics or that we need ideal macro conditions to trigger a rally, please stop. None of the previous cycles required perfect conditions to flourish. In 2021, we experienced a COVID recession with an economy in shambles. In 2017, the US entered quantitative tightening in September, right before a major altcoin rally.

We weren’t checking every day for the next CPI report or unemployment data release. Do you know why? Because people believed crypto was worth HOLDING, not for short-term gains to dump it later, but because it could play a significant role in the future of finance and that it may hold great value in the future.

The narrative I see now is the exact opposite: almost no one believes in the technology or its potential for adoption. Everyone is just bagholding to make a quick profit and then dumping. What’s even more amusing is that stock traders aren’t as obsessed with these numbers as I’ve seen crypto enthusiasts be lately ????

But here’s the thing: we have historically never had a better opportunity for full-scale adoption than right now. That’s why I keep buying and ignore the noise. Crypto isn’t going anywhere; it’s only going to grow. The US now even holds a reserve for it, if you had told me years ago that ETH and altcoin prices would drop this low, I would’ve called you crazy.

And that’s all the confirmation I need: the only reason we haven’t seen an alt season or ETH soaring isn’t due to a lack of fundamentals, but because people are being impatient and fearful.

To me, there’s essentially no rational reason why we shouldn’t see a parabolic run. This cycle is no different from the others; if anything, it’s in a much stronger position than previous cycles. All you need to do is trust the process.

I made the mistake of selling my bags too early in 2017, thinking it was just a fad, and then getting in too late in 2021. But that’s part of the learning process. You see the same patterns over the years, people calling it a scam, insisting it’s going to die, and then watching it come back stronger every time. Eventually, you really start to appreciate its cyclical nature and ignore all the noise.

Rant over.

submitted by /u/To_k
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