BTC is still up 600% from March 2020. I dunno why you guys are panicking.

The fact that this sub went from ape NFT hype to questioning the intrinsic value of blockchain in general indicates that the general sentiment is now of fear.

Most of you joined this subreddit during the bullrun hype of 2021, as evidenced by the fact that we had less than 2 million users pre-2021, now it's 5 million.

While it's easy to isolate Bitcoin and rest of crypto as a failure during these times of uncertain geopolitical and economical climate. You should understand that "Everything" is going down.

You can thank the federal reserve for this. They avoided short term pain by injecting money into the economy for a long time and now wants to revert that change by raising interest rates and crashing the party.

Basically, they act like Gods. One flick of a switch and we all question our sanity.

But even Gods are now facing the dilemma of crashing the economy or letting inflation go wild. It's funny that whatever they decide on, we're all screwed.

Bitcoin was meant to become a parallel economy that avoids this level of control by the FED and let the masses decide instead. However, this thesis hasn't come true as we still consider BTC as a speculative asset. Most consider it a Ponzi. A get rich quick scheme.

But when fiat becomes unsustainable in the future, which I assure you it isn't. You will be happy that you had a stake in an alternative.

Right now, the best thing you can do is to gather as much data as possible. Make your own investment thesis. And ride this shitstorm.

BTC ain't going away. You bought during quantitative easing, now you're losing money due to quantitative tightening.

The FED will pump liquidity again soon. This boom and bust cycle will repeat. That's the only way the fiat system works.

Buckle up!