These past 2 years were worse for crypto than the Mt Gox hack and if you’re still here, congrats.

Before FTX and LUNA/UST collapsed,

SBF was rubbing shoulders with US regulators and politicians. He bought the Miami Heat Arena. He was predicted to be the next Warren Buffett. He was touted as the richest man to amass a fortune under 30 years old besides Zuckerberg. Tom Cruise placed his fortune in FTX, Kevin O'Leary invested in it, Shaq was promoting it. FTX acquired BlockFi, institutional investment firms such as Sequoia Capital, Softbank and 60 others raised $900m in the Series C funding round. Even a Canadian teachers' pension fund had money invested. People took out mortgages to buy BTC, used Anchor protocol as a savings account for the APY.

After FTX and LUNA/UST collapsed,

• FTX lost more in user deposits than crypto’s entire market cap at the time of the Mt Gox hack. You read this correctly. $15-20 billion vs $8 billion.

• Non-crypto users that started using Anchor Protocol, Celsius or BlockFi as a savings account were irreparably destroyed.

• Billions upon billions of dollars evaporated in DeFi exploits, hacks.

• OGs that have been here for 10 years were crippled by FTX. These are guys that have lost it all on Gox, made it all back, lost it on leverage/2017, made it all back again. Or guys that amassed a huge fortune and weren't affected by the Gox hack, escaped peril in 2018, witnessed China banning BTC 20 different times, the Korea FUD, everything. FTX killed them.

• SEC getting involved and attempting to muzzle different assets.

• ETFs in purgatory.

• Evergrande looming over everyone in the background.

I've been into Bitcoin since 2011. My old wallet.dat would make some of you stroke, I looked at it 2 years ago and I spiraled into a week of manic depression. I watched as Gox went down, I've lost what now amounts to generational wealth on BTC-e, Cryptopia, KuCoin hack. Nothing compares to the shitshow of the last 2 years. This cannot be reiterated enough. If you're still here and not insolvent, you need to pat yourself on the back. And one last thing, your stubbornness to stick around will pay off. Those of us that have gotten blown out and quit after a cycle came to regret it when the next cycle came. You don't have to check markets and charts every day. You just have to stick around. The opportunities will present themselves.