To those who don’t remember/are too young to recall the last recession: be careful out there

As usual, this bear/inflation crisis has created a lot of armchair economists (myself included) where many people are split on what’s gonna happen to crypto in the near future. Some people watched JPow yesterday and came away with the Idea that a pivot is coming soon or that the bottom could be in. Unfortunately, it seems like this isn’t exactly true as both inflation and the employment rate are still too high. More pain is in store for the near future and this is just a reminder to make sure you and your family will be okay if you happen to be a casualty in these circumstances.

If you don’t have an emergency fund, diversified portfolio, and resumes/CVs ready to go, there’s no harm in reducing your DCA or your overall crypto exposure. (Obviously stay posting here for free and stack those moons.) 2008 was a really rough time where millions of people lost their jobs and even worse. Crypto is obviously more volatile than tradFi and will probably continue to be more so over the coming years due to several factors like total marketcap/volume, pending regulations, use cases, and many other things. Don’t worry about reaping the benefits from crypto 5-10 years down the line if you’re not sure you’ll be stable to weather the coming storm.

Stay safe out there y’all.