Thread by @SheldonEvans

1/n The crypto time-machine strikes again

Use it wisely.

2 years of gains have been erased from the market putting us at pre-bullrun levels.

Could it go lower? Yes.

Will life-changing opportunities present themselves? Probably…

But this time is different.

Do not rush in.

2/ Whatever the situation, don’t become complacent.

Don’t look away.

Don’t leave.

So many people watched their wealth evaporate in front of their eyes in 2018, averting their gaze from the market forever.

Leaving a bad taste in their mouths, never wanting to return.

3/ Had they stuck around, the opportunities that generated riches this bullrun would have been theirs for the taking.

Although this is NOT to be misconstrued with “BTFD!”.

We have never had a bear market coincide with the current macro economic environment.

4/ Inflation rates ⬆️ , a recession, regulation incoming, over-leveraged VCs.

This isn’t the same as prior cycles so don’t use them as examples.

BTC is trading below the prior cycle ATH indicating a clear difference.

Capital is leaving the market and will not return soon.

5/ Risk-on assets are not inflation hedges when consumers can no longer afford to spare any capital.

The capital needed for risk assets to rise has to come from somewhere but if there isn’t any “spare” capital to inject into the market then you cannot expect valuations to rise.

6/ Numba-go-up should not be your only reason for sticking around. If you’ve been here for years, it’s clear that you believe in the future of blockchain and prices going down shouldn’t shake your confidence in the technology.

It’s here to stay.

Just extend your time horizon.

7/ We will likely have months to re-enter and accumulate but if you don’t watch closely then you’ll once again miss out on these opportunities.

Those who did the best this bullrun were here in 2018-2020.

Don’t be late again.