Quote from: hatshepsut93 on November 21, 2022, 11:29:17 PM

Quote from: Mr.Ease on November 21, 2022, 04:47:55 AM

Did too many people get burned too bad this time?

I don't think the number of people who got burned matters that much. It's rather the perception of crypto. After Mt. Gox came a new wave of hope, new hype, new narratives. What will come after this crypto winter? More and more people see that crypto is not useful. That almost all crypto activity is trading one crypto asset for another in some sort of casino. Crypto is not making people's daily lives better. It's not used in real world finance or other practical applications.

Yes, thank you for expanding. It's the perception of crypto I am most concerned about, and unfortunately, it's hard not to agree with the rest.

Idk, this winter is a tough one. It was already on edge after luna, and now the FTX bs.
I never used FTX, so don't care that much, but I'm just sick to death of watching this stuff happen over and over again.
Watching all the people we convinced to get into crypto get wrecked.
I fear, many people will hate BTC once FTX settles - That it will become taboo to talk about again.

On the other hand,
I appreciate all the replies of encouragement and telling me I should know better - I should
Sometimes, a person just needs/wants a reminder

The loss of 20k BTC Kinda hit me hard psychologically the other day. I had really believed that it would hold, even with ftx fallout. Then the whole stock-flow thing failing, watching my bags grow substantially while the value drops precipitously... Typical stuff, we have been here before.

Like I said, at least another year of winter to go. Prepare accordingly.
Store those coins, get those discounts, set flash crash orders, stake those bags, avoid margin, lend USDT... and sooner or later times will be better.

Thanks guys!