2022 was harder from a PnL perspective (so far) but this feels different -- and sometimes worse -- because if you asked actual believers in crypto at that time what future can you envision and what can we learn from this and then if you were to map it with the benefit of hindsight to what has now happened in the last 4 years since, crypto/the space imo has greatly underperformed that index of possibilities
a little shocked by the amount of people agreeing with this shitpost
guys 2022 was so much worse its hard to even compare, credit shops were blowing up left and right, friends were disappearing from telegram chats every day, crypto companies going ghost not operating but still exist like the walking dead, funds closing their doors, charts were a constant falling knife with cascading liquidations
it wasn't only embarrassing to be in crypto people assumed you were a legit criminal if you were here
to quote Haseeb "Luna collapsing, then 3AC, then FTX, then Genesis, BlockFi, Axie, NFTs--pretty much everything felt like a house of cards.
And then after all that stuff collapsed, the BANKS collapsed, stablecoins depegged, Gary Gensler and the president tried to destroy almost every company in the industry"
2025 is basically alts having a small case of erectile dysfunction
crypto is entrenched in the future of global finance now things are going to be ok
1,21 mil
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