10 Years from now this will be seen as nothing more then growing pains.
It’s really easy to be down on crypto right now. A lot of people that bought into it did so without understanding what they were buying. They gave their money to these CeFi companies thinking it’s decentralized but it’s not. Turns out they are crypto banks and they have been leveraging your money just like traditional banks do but without the prospect of bailouts or insurance. Now the market is going to purge them and unfortunately take some unsuspecting retail folks with them. If you are one of those retail folks losing because of others greed, please don’t leave the space. Change how you approach it. There is more learned from a loss than a win. In 10 years, those that DYOR, avoided leverage/high yield schemes and DCA will be looking back at this moment and see the turning point.
