Why is everyone in crypto so obsessed with setting money on fire? Foundational technologies like crypto get caught in multiple narrative fallacies through their journey. Those are the best times to take a long-term view. Narratives are transitory; fundamentals are eternal.

CZ expressed, People who panic sold are more likely to FOMO back in. Markets tend to over swing in both directions. Bear or bull, stay calm, stay level-headed. Manage your risks. Don’t “invest” your next month’s rent. If you are not a pro trader, don’t day trade; invest for the longer term, only with money you won’t need for the next few years. I tweeted this when the markets were going up like crazy. Equally applicable now.

Stay calm do proper risk management.  Diversify a bit.  Only invest with money you don’t need urgently. Don’t invest with your next month’s rent.  Expect some system issues.  Don’t fall for scams.  Be responsible to, and take responsibility, yourself.

Investors:  Binance is the gateway to Bitcoin.  BTC is the gateway to freedom and prosperity for everyone, everywhere in the world, at all times. That’s why I hold BNB and BTC to be part of the most significant endeavor in human history to distribute financial freedom for everyone.

Aaron Gong stated, comparing the lowest BTC price of $3k last year to $30k this year so far, that’s still 10x, but not many people realized this opportunity. That’s not even mentioning BNB price went from $10 lowest to $220 lowest.

Elliott Wave Theory suggests that market movements follow a natural sequence of crowd psychology cycles. Patterns are created according to current market sentiment, which alternates between bearish and bullish.

A network effect is when a product becomes more valuable as more people use it. The more people use a network, the more utility it may provide as a service.

Yet another seasoned market watcher was like:  When you get hit hard, it pays to go back and look at the history of similar events to know if you are safe HODLing or if you should change your views. Today I have the strongest conviction I have ever had that.  We are going higher, and that these BTC lows will not last.

Since 2008 when the FED bailed out the financial institutions, we created a new form of capitalism gains from risky ventures are being privatized by the banks to their shareholders and employees. Still, the systemic collapse risks have been handed off to the public via the FED PUT.