Just something I’ve lately thought about. End of 2021 everyone was still in the huge euphoric rush to buy all kind of crypto with +5-10% days. While hindsight it was a clear bubble lots of people still believed in a 100k price target at the end of the year.
When thing started looking worse the mindset shifted to “just HODL” until things REALLY started looking bad in January with a 32k BTC. Majority were still convinced the bullrun isn’t over, bear market was denied and the mindset shifted to “DCA & HODL”.
It’s been over 10 months bear market now and after the recent FTX news and the $15800 BTC dip it’s safe to say majority of investors are washed out.
But what will be the next “meta” in crypto? Is it gonna be anger & denial that things won’t recover ? Or will it be something positive like “30k EOY”?
I personally ( without being a maxi ) believe the 2023 meta will be BTC is king. Got a strong feeling if things keep getting worse a lot of alt coin investors will switch to grandpa bitcoin to lower the risk of no recovery.
Let me know your theories !
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