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0/ I have had some time to process this cryptomarket dump and I am not suprised that we saw the reaction that we did. This reflects extreme fear in *all* markets, and it is hard to have a bullish outlook on anything but fundamentals. We must return to the basic value proposition.
1/ The same guys who speculate in traditional markets also speculate on #bitcoin, so when mass panic sets in, everything "unnecessary" is sold in order to cover the tidal wave of margin calls, and they still get liquidated anyways.
2/ as much as the shills would like you to be long on #bitcoin, mining $BTC is on the verge of becoming an un-economic activity. In other words, mining cannot be profitable under 6k in a post halving world. We know that #bitcoin cannot scale economically. Period.
3/ There is a real possibility that #bitcoin will *not* survive the move to a 6.25 $BTC block reward as the top cryptocurrency. Many miners in China, one of the cheapest jurisdictions to mine in, were liquidated by the hysterical and schizophrenic covid19 panic sell bonanza.
4/ Thus we must concede that the end of #bitcoin dominance might be upon us, and as it sinks, so will the crypto market as a whole. Remember that it will not take much panic to liquidate the hashing power of the network via the financial innovations of @CryptoHayes
5/ So sell everything now ... except ... #ethereum which is well on its way to a scaling solution by leveraging #chainlink. #ethereum has been resilient, showing acceptable network performance during the crash. There is still demand for #ethereum.

>tfw dr;ns
6/ The critical level for #bitcoin is the old 3.2k low. If that breaks, then we are officially macro-bearish on #bitcoin . Moving forward, it will be difficult for the network to justify its position, and I could easily see it lose the number one spot to #ethereum.
7/ The rise of #ethereum, a working system, will fuel the rise of #chainlink provided that #chainlink moves forward responsibly. #chainlink must cut all crash-trash, scam-coin, start-up-slick #DeFi from its image and deliver priority to enterprise in need. I'm sure they are aware
8/ As much as #chainlink marines like to hate on #ethereum, they need to realise that #ethereum is forming the blockchain standard around which #chainlink is being developed. $ETH plays a vital role in this market. This market would be dead without #ethereum.
9/ Regarding price, I would like to see a chain of events where #bitcoin plunges to 2k, forcing #ethereum and #chainlink to decouple on real usage by holding 80$ and 1.50$ respectively. I want everything else at 0.00$.
10/ Then, when infinite quantitative easing begins and negative interest rates guarantee infinite capital for all (megacorps - not for you), #ethereum and #chainlink will surge to astronomical values on newfound institutional demand for smart contracts.
11/ In this infinite fake capital post covid19 financial reset scenario, #bitcoin can become economic again and reclaim 20k as cryptoasset #3. #etherum would surge to 6k+ and #chainlink to 800+ as smart contracts become the dominant form of digital agreement.
12/ The remaining seven coins of the future top 10 will service the dominance of the smart contract industry #poweredByChainlink, and they probably have not made their mark yet. Look for projects that aim to provide enterprise services on #ethereum by leveraging #chainlink.
13/ It is time to be realistic in this market. The time for endlessly bullish and outright irresponsible shills has ended. Only a sober mind and hard-core skepticism will protect you from massive losses.

Good luck and don't get liquidated.
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