After dancing the rumba in 2021, crypto investors are hungover

We have experienced a wave of euphoria since the summer of 2020 which lasted until the end of 2021. From the start of 2022, in fact, we saw the decline in the markets point to the tip of his nose.

It started with Putin's demands and today, in June 2022, we have been talking about the irreverence of a bear market. It doesn't seem to end. Every week, bad news confuses our Twitter feed, so much so that we no longer even want to connect to the networks. Yes, you know, negativity is not good for morale.

You should know that many crypto investors have entered the middle of a bull run, in the middle of a blissful era where each crypto ( shitcoin included) flirted with the stars. "To the moon" shouted the novices as they emptied their PEL to buy fractions of bitcoin. It was jubilant to see so many people enter the race (to wealth). Even the most skeptical turned their jackets and claimed #Bitcoin. Even the banks rushed to invest vehemently.

Ah, my, it was a beautiful show, I can tell you that.

2021: The year of the crypto stampede

Sorry, I'm not afraid to use big words for the great orgiastic events of history.

The NFT had just conquered the world. The video ofa cat with a rainbow coming out of its ass sold for half a million euros. Yes, yes, you read that right. Even Christie's has become an apostle of blockchain. That's what everyone was talking about. Millions of dollars were spent on a simple tweet or JEPG image depicting a depressed monkey. The world was swimming in delirium (the effects of confinement?) and each person thought they had just found the goose that laid the golden eggs.

The new gold rush was there, in front of our screens; A simple click and we too could own a piece of digital gold.

People left their jobs one after the other. The great resignation to work in the Web3. Yesterday, they were waiters, bartenders, butchers or pastry chefs and now they were opening a YouTube channel to preach the good word. A thumbnail with an open mouth and a good title "This crypto will make you rich in 3 years" and thousands of views were triggered. The lure of gain overflowed on all networks. Everyone became a crypto influencer in their own way. Even Elon Musk, once preoccupied with the colonization of the planet Mars, spent his entire year on his phone talking to us about the dogecoin. A joke, a vulgar meme from the depths of the internet has gained value. That’s telling you! Crypto-millionaire had become the buzzword. Cash-in! JackPot! Even better than casino!

To complete the crazy period, the metaverses made their appearance. And there…How can I tell you? It was the apotheosis! It is the large groups and brands that have succumbed. We even saw Marc Zuckerberg (head of Facebook) change the name of Facebook to Meta! Stars have transformed into small 3D avatars to sing music in a parallel universe. Every day, NFT projects, each more bogus than the next, were mined and sold on opensea.

Frankly, it was an orgy of good feelings and panicking stock markets.

Year 2022: The year of the hangover

I really like this expression and that's what I'm going to name this year: the year of the hangover.

You can't get drunk like pigs without suffering from a nasty hangover the next day. You're party animals enough that I don't need to explain this feeling of unease to you. In the jargon of traders, they say that "trees don't grow to the sky". In fact, this means that a financial asset (stock, crypto, etc.) cannot experience an eternal increase in value. It is sadly/strictly impossible.

To an expert eye, we knew we were going back down. We felt it, but we didn't know when exactly it would happen.

In short, you must have experienced this period of euphoria, right? And, now with the crisis, you see that your portfolio is in the red?

Every week it gets worse. Every bottom is preceded by an even deeper one. Even the scandals of " Alice in the Land of Myths » seem like a small barbecue party compared to what we are currently experiencing.

If it makes you feel better, tell yourself that you are not alone in having lost money. There are many of us and even the biggest investment funds are crying at the moment. Myself, even if I remain a bitcoin maximalist (I have more than 70% of my wallet with BTC), I was exposed. And, I slept well as it should be with Luna, the promising Solana, the essential ETH and other top-quality crypto nuggets.

I'm sad too, what do you think?

The party is over and I'm only half dancing.

Indeed, Luna sawed my legs off, I want to say. Plus, I have a hangover, too. And, if my emotions as a crypto investor in evil interest you, I wrote a short article on the subject: "The 5 lessons I learned from Luna".

When will we have the party again?

Otherwise, that's it for this little article without much ambition other than learning to be patient before the next bull run. THE bitcoin is dead for some and for others, it's the time to buy them in abundance.

Some say we're going to have a fight crypto winter much worse than the previous one (you know the one that followed the euphoria of 2017). We then say to ourselves that we have to hibernate for a while (I'm talking in months and years). Yes, we will have to hold on, soldier!

For now, the market needs to correct itself. Seriously. It's the purification we've all been waiting for. The one that will expel bad projects.

We calmly take stock and realize that we could have done better things for the crypto world. We could have worked on green projects, financed charities and other "good" actions thanks to decentralization. I don't want to sound cheesy by writing this, but you get the idea. There are a thousand and one extremely relevant projects (for eco-growth and for the quality of human life). They didn't get the promotion they needed. We are all guilty. As the editor of a crypto newspaper, I have dirty hands.

Because yes, let's at least be realistic, basically, we invested in shitcoins and we stuffed protocols of Yield farming. Not a great result, is it? Great guys like Andrew Cronje ou Vitalik warned us that things were going to shit. We took them for "killjoys". Poor us.

Because, yes, the good thing about big parties like this is that we all end up regretting it. We say to ourselves "never again" "I'll never do it again". We learn from our mistakes. Well, we're supposed to, anyway.

Because yes, we all know what will happen during the next bull run.

We're all going to start partying again, right?

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Note: No financial advice is given in this or any other article on zonebitcoin. This is information of which you are the sole judge and master. Be responsible with your investments and only invest as much as you are willing to lose.

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