What's going on in the market 13 July onwards. Bitcoin going down. Be cautious, before buying more.
Blockchain.com significant loss's.
Vauld, losses from VAC stopping withdrawls.
Not a bitcoin problem but a credit liquidity problem.
No rescuer's in this space. If your envolved in risky business risk, wipe out risk. Market learns.
Market's traditionally gets bailed out by the FED. So traditionally the market does not learn.
Not with crypto. Bad actors will be washed out during downturns.
Long term conclusions of crypto newbies often inaccurate. Up and downs of 2017 and 2010 to some degree.
Don't have oversized. Allocations.
Crypto's is a new asset space.
1991.
Hard to imagine a world that is radically different.
We are used to incremental changes.
But with technology these changes are rapid fast.
I.e cell phones. 2007 people didn't think you needed a cell phone. Today it is perceived as much more a necessity.
Adoption of assets overtime.
2016 bulk of usages of Bitcoin was for buying drugs, money launderers used it. Was a haven for criminals. Now it is only 1% of bitcoin is criminal. US dollar now is 5% crime of the asset. Cold hard cash is used by criminal as you cannot be tied to cash only transactions.
Anyone who tries to commit crime on the bitcoin network, eventually gets caught.
2016 was a different time. At this time their was only about 1 million using bitcoin. Today 200 million end of this decade or century thier will be billions of people using bitcoin.
No matter the headlines.
Bitcoin and crypto ecosystem asset class will survive. It is an accepted asset class. Family offices and institutions have accepted this asset class.
2015 was much more risky to be in Bitcoin than today.
In the trend early. Even if our timing is awful. The trend will bail us out.
I'm still early in this adoption assets. 2025 half a million dollars per bitcoin. Even if this is not. It still will be more more than today.
Be rational about where we will go.
The pain is temporary. Don't sell. We have great assets. Adoption curve and wall street greed is our friend. The debasement of FIAT is our friend.
Their is not going to be a death of DEFI. Eliminating intermediaries, lower's cost at a rate never seen before! In the traditional financial services space. Over the next 3 to 4 years you will see the adoption of decentralised finance protocol's at a scale that will blow your mind!
5 years from now DEFI normalisation will have occurred. Will be as normal as we see the current smart phone usage including iPhones.
It is normal to have a 80% drop in value of these assets. It would be a mistake to think that just because these assets are volatile that they don't have value.
Thanks for reading
Peace, love and enjoy summer. Namasté
