Last month I sold my car and I wanted to get my money in bank but one of my friends advised me that crypto investment is better and told me to buy Terra luna worth $4200 and holdfor at least one year Yesterday I opened my wallet and i was about to faint#LunarCrush#Cryptocrashpic.twitter.com/DmvEEgsMmX
It's amazing how investors are still looking for a bottom in the stock market. As long as the #Fed is pretending it will fight #inflation the market will keep falling. We're still much closer to the highs than the lows. Severe #recession and high inflation is a toxic combination.
I think the story of this bear market will be the transfer of supply from correlation trading traditional finance entities to crypto natives, high net worth individuals, and forward-looking institutions.
This boring sideways range is an equilibrium of this transfer IMO.