Now's not a time to give up on crypto. Has not dropped to zero yet.  

Carnage in this space is erupting. 🔥

Many now panic selling to get out before zero hits. But really I do not believe this will happen with the massive interest and developments. It is merely the market correction. Although do to the extreme volatility. This can be a bit too much for some and many will cave in and bail out. This is not for the faint of heart. 

28 k - Some will buy in here. 

21 22 k -  I buy in opportunity on the down. 

So this buying in will help consolidate the market eventually. 

Its not down because people are loosing faith in them. They are down because of things going on in the DEFI space.

US treasuries. Collatorising borrowing and lending. IN the crypto space this is Bitcoin and Ethereum. tHe two assets this space is build on. 

In a situation where people are getting forced out of their positions due to margin calls. These sales are not price sensitive. They just sell at any price. 

If you know they are having problems  they have to dump assets. Are you gonna stand thier to on thier poor market position. No you gonna drop your bid. So much forced selling. Over leveraged. In protocols they should have been in. 

Celsius took on too much risk so now has to liquidate portfolios to save their companies.

If these companies do not raise capital immediately then their gonna loose their business. 

Buy end of year equity markets should run flat. 

Bitcoin and Eth will start to pick up end of this year beginning of next year. 

Bitcoin ETF. Would sway the price back up. 

GBDC approval...

What's more likely is eth goes from proof of work to proof of stake. Migration. A bullish Eth moment.

Don't freak out. 

If you pull out and don't put back in before the markets go back up then you could be hurting your future self. So please don't. 

Don't beat yourself up. 

Peace, love and Joy.

Namesté