HISTORY IN THE MAKING

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I may be too early on this one. it is plausible to witness a year where #cryptocurrency manages to treble the market. At the same time it is tough to even talk to someone about crypto if they are not well informed. The timing is a little bit weird but it is what it is. I am blaming year 2022 for everything pessimist about crypto. It is like there were never a head start at any given month.

I have to say the sign is there but it is a lot easier to ignore and move on. We think since it is a major company, it is okay. The writing on the wall dislikes centralized exchangers. I am asking myself their token could be in worst shape ever. What is backing a #CEX token? Tough answer to get knowing any run toward liquidity can spill the beans really quick. It does not take a week to watch the demise of #FTX.

I just do not get it. Where is the collateral that can help the company to weather the storm? I guess #cryptocurrency has a double sword effect. While a token is important, the community holding the token should be more important. I am thinking about #Hive right now. By the way #leo token is holding quite well in this dilemma. It is to show the power of a strong community not flinching a bit. The issue has nothing to do with Leo. Nor #hive but trading in the global market has its side effect.

Looking at this year, cryptocurrency is testing us all. Many will walk away thinking this is it. Many will undoubtedly remain hook till we see a new horizon. It is clear the financial situation is dire everywhere. Emotions are running high causing all you see. If this article did not dig about the rapport between Alameda and FTX, it could be a bigger issue down the line. Hard to comprehend how liquidity can really swallow a token down the line. One thing is clear, numbers never lie. The fund has to come up somewhere.

What happened in 2017 was history to show what crypto can do. 2022 is the reversal of what can happen when we do not follow the right principle in term of financial guidelines.
By the way #hive is in a place where the market can pull it downward. The question about the bottom has been revived. I think the right thing to do is keep looking and see how low it will go.
At the same time I need to get some so I will do my usual move. You know the dollar cost average. #DCA.
If you understand risk, this is everyday business.
Plan accordingly and move on.
There are better days ahead. You can count on it.

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Centralized exchanges exposed themselves too much, even Crypto.com may have exposed themselves too much when they made the sponsorship deal with Formula 1. What amazes me is that certain exchanges don't count if things go wrong, they only take into account that things are fine forever. It will be hard for FTX to get up again in my opinion

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Beautiful this table of returns of each quarter of Bitcoin. Thanks for sharing it. 2022 is about to close like a disaster

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In regards to FTX…
The ish has hit the fan big time.
Ladies, Liquor and Leverage will spell your doom.

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I think a lot of us have been waiting for something like this for a while now. It isn't necessarily the bottom, but it as least a step that needed to be taken to get there. It will be interesting to see how many weak hands this shakes out.

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I believe that 2022 will be remembered in the future mostly because of this unfortunate things (e.g. inflation & crypto "scandals") that are happening.

!1UP

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