Bitcoin made a historical 8 weeks into the red could well become 9 by next week. We definitely are in a bear market and in a recession arguably a depression even, the world is a scary place right now with war, shortages, talk of famine...

Yet there is hope. The average recession since the end of WW2 lasted on average 11 months and we haven't had a global crisis like this since crypto was created. We are in untested teritories and as much as this sucks to live it day by day, this may be the best time to be alive in crypto. People who bought the dip during the great depression they are the rich and wealthy of the 50's and 60's. People who bought the dip of the dot com bubble are wealthy without measure also, sure some of the trades went to 0 but in crypto if there's utility and a solution solved you don't need the company to operate anything.

And so I come to BBS and other cryptos I love for their utility. Are they solving real world issues? Ask yourself that. Are they? Is in your opinion BBS solving a real world issue in a world that is more and more controled and censored. Is the blockchain powered blog of sort you're using every day solving something about it?

And I won't give you the answer, you need to reflect on it and maybe you can tell me in the comments what you thoughts are. Well if yes, just accumulate, hold tight, be happy, your assets have no reason to go to zero. If the answer is no, and you think there either is a better competitor out there or that the thing BBS or actually any crypto you hold doesn't solve any issue then exit it ASAP. And that's something you need to answer for yourself. I may be wrong, you may be wrong but if you fail on your own terms then you grow, if you fail on my terms you will not learn and just blame me.

But if bitboy is right, if we're still in a bear market and the 4 year cycle is exactly on track well, we might get another -66% discount on BTC by the time we're done. Notmally I'd say 20k was the top of the last market so BTC will not go furter down. In a global recession with a parabolic top that was killed by Elon Musk's BTC being not green FUD? We could have external factors that makes things way worse before they can be better. In that light we could see more blood on the street. Especially if another stablecoin like USDT were to explode mid flight.

My point is not to scare you but make you realize that looking at the price every day if you have emotions about it can be and is scary. But if you believe with arguments and proof that what you invest in is sound and useful technology, then you should be joyful to be able to DCA at -75%, -87%, -95%... Especially when you realize that the upside from there to +0% could already be a 20x and you already thought the initial price was cheap. 

And sure, it could all fail but if tomorrow crypto is no longer a thing it's either because the internet is dead or that the whole economy didn't recover to a point where society collapses and then it doesn't matter anyway because the 1's and 0's on your bank's computer can't buy you food anyway. 

That is why you should learn, research, believe and make the leap of faith but never ever do the mistake of putting all of your life's work in one single thing. Have a contingency plan, have 2 or 3. Maybe your returns will be less because of that but if you eventually need the contingency you'll thank me it was there.

So hang tight, it's a bumpy ride but by the time we hit the peek of the next bitcoin cycle if you followed this logic you should already have made inimaginably large gains.

I do believe that in comparison to current market shares of web 2.0 companies, a well working and undisrupted BBS Network could hold easily a valuation of 1 trillion dollar by 2030. That would make each token worth 4 digits. Now imagine buying at a 30th of a dollar. 

NFA, DYOR

Satella