7 Honest takes about crypto people don't always like to admit

1. TA is completely useless. 99% of 'Analysts' like you and I don't know shit about fuck.

Not only does it never actually predict what's going to happen it also many times seems like every TA analyst has a different analysis to fit his own narrative. It's like the fuckin' laurel-yanny of crypto.

2. People use TA like they use reddit or any other media source to help them feel confident about a narrative they already have. People like being told what they want to hear.

Let's face it, and this is factual btw - we go out of our way to avoid being confronted with ideas that objet what we think. That's why most fox viewers are Republicans and why TA is so prominent. You're looking for the analyst (or moonboy) who'll agree with you, and guess what you'll find many, doesn't mean they're right.

3. Bitcoin is not a hedge against inflation currently. It is also not a store of value.

Could it be in the future? idk, potentially I guess? no one rly knows. But bitcoin is so insanely volatile that I still don't understand how people can claim it is a store of value with a straight face. Hundreds of billions can move out or into btc's market cap within a day. The fact it moves with the entire stock market definitely doesn't help as well.

4. Current crypto games and metaverse projects are so low effort, no one would actually ever play them.

Is there really a need to dive deep into this one? Anyone who has even looked at what these games look like let alone play like would think we got teleported back to 2010 with facebook games, except Farmville probably dunks with decentraland.

5. Most NFT projects will go to 0 and become nonexistent. As will most crypto projects (though likely less percentage-wise).

And why is that? ????

6. Most of the crypto market is speculative.

Let's face it. We all knew it. There is just no way ADA had any business being worth nearly 100 billion dollars before even being launched. Same goes for SOL being worth 80 billion while still in beta.

Is there something wrong with speculating? Not necessarily I guess, except people here like to think they don't speculate, they're just investment masterminds.

7. Markets will recover.

It seems like I'm a bear. I'm not. I'm actually quite bullish overall, I mean, nothing fundemental had changed. Will it recover in a month? or in 4 years? or less? maybe more? I don't fuckin' know. No one does. But you're just going to go after #2 anyway and find the one analyst that tells you what you want to hear, so it's whatever.

Good luck out there, and take care of yourselves guys.

I know a lot are having it hard, and if you can't take your mind off the market consider seeking help or talking to a friend or relative, someone who has 0 knowledge about the current crash.

Nothing is more important than your well-being.