Bitcoin (BTC) and Cryptocurrency Markets are too Touchy and Nervous

Charles Hoskinson:  Gentlemen, this is how calm you need to be in these markets.

Investor worries about the cryptocurrency market trend:  How does one decide what projects to invest right now and how much? It’s volatile, hard to say what the bottom looks like – if there is a bottom at all.

The world is in a bear market mate. If you work out where the end will be send me a note. All you can do is dollar cost in. If you are not willing or can’t afford to lose money on the way down don’t do it.

Don’t panic. Everything is okay. It’s just a price. Technology can’t be wiped out by speculative traders.

Now, is the time to buy.  Don’t be a nervous old woman like the traders on the stock market. Buy low, sell high.  I would rather loose it all in market instead of panic selling.

We got ETH – it will be PoS in 202? We got SOL – Dunno if it’s online currently. We got Luna – oh sry, not anymore. We got ADA – vasil hardfork on June.

I am actually this calm, I can’t believe it, nothing has changed. Nobody knows what a recovery looks like.

Isn’t the problem that the crypto is trying to peg itself against the legacy that’s it’s trying to replace? If fiat value is measured against gold or physical asset how do we value crypto assets to something people could still get palpable value? Moon rocks?

Don’t believe cryptobois understand how many attack vectors exist in cryptography and financial systems. Don’t believe they care because the game is get-rich quick, no matter who and what you break. 1000% convinced now first-principles approach is the only way forward.

Correction of all corrections coming.  Bitcoin and cryptocurrency markets are too touchy and nervous to start adding more fuel to it.

If an attack can happen to LUNA and destabilize the coin, probably the same can happen to other projects, and in turn reduces trust in that project. Shouldn’t this sound an alarm to everyone in the crypto world?

Anyone who gets into crypto and doesn’t understand the risks is a bit silly. There are warnings everywhere, but you can’t be too greedy, and you’ll be ok.

Algorithmic stable coins have problem staying stable. Bitcoin is correlated to the stock market and when the overall market is down, Bitcoin backing does no magic.