Bienvenidos mis ositos, tu siempre eres mis queridos! (Welcome back little bears you are always my dears!)
Time for an old joke.
Many folks made a fortune during 2020-2021 including yours truly.
I spent half of it on blow and hookers…
…the rest I wasted.
BWAHAHAHA
[Editor’s note: no actual illicit activity or substances were abused maybe…]
Some weirdos PAY women to fart in their face or step on their privates.
It’s not my place to judge but that doesn’t seem healthy.
But ol’ Panda doesn’t care how people spend their money.
Everybody gets what they deserve eventually.
It’s not so different in crypto land.
We let scumbags fart in our face and scammers stomp on our junk.
We keep getting abused by crypto but we still come back…
The crypto beatings will continue until morale improves!
Some people don’t actually want to make profits in crypto.
They want other things.
Most of it is psychological.
Some people want to feel control.
People enjoy the illusion of having control over their wealth…until they lose their private keys.
Some people want pity. There are plenty of chumps (including this author) that have fallen for some rugpull, hack, or some type of crypto implosion.
Then we whine about our losses on the internet.
Others want some type of entertainment.
These people like talking trash about competing projects.
The wealthy like flaunting their status over the poors…
Even owners of “blue chip” NFTs are not immune from pain
https://www.msn.com/en-us/money/news/justin-bieber-s-bored-ape-nft-takes-a-dive-leaving-him-with-a-loss-of-over-1-2m/ar-AA1dq4KM
Other people like imaginary “frens” …until they disappear during a bear market.
Degens want a sense of belonging.
That’s why degens fall for smooth talkers that have plausible but flawed plans.
But at least occasionally the bad guys get what’s coming to them.
https://www.coindesk.com/policy/2023/07/13/sec-sues-bankrupt-celsius-network-alex-mashinsky-over-securities-fraud/
They type out nicely formatted twitter threads to entice you into throwing your money away on worthless projects.
When FOMO hits we forget about the scumbags of the prior cycle.
We get trapped in a vicious cycle of feeling rich then toiling at some menial job (if you can find one) to make ends meet.
They fall for crypto delusions like a beautiful “traditional” lady that will clean and cook for them.
BWAHAHAHA good luck with that pal.
What will the next crypto cycle bring? Is the institutional/etf narrative going to be the new scam that gets the masses back in?
Maybe, but I’m confident there will be a new scammy crypto narrative next year.
During the 2024-2025 cycle, have a plan to periodically take profits.
When that happens I will have my finger on the sell button.
I’m going to lock in profits this time.
When the mass psyop ends it’s not a bad idea to have some real world tangible assets to fall back on.
Put your foot down or better yet put your foot up their ass. Stop letting the crypto industry abuse you.
Obviously none of this is formal financial or tax advice. You need to find qualified professionals in your jurisdiction.
Be sharp, stay hungry let’s get that money!
