My fellow retards,
You will look back on these times in the coming years and exclaim as to why you didn’t do xyz. Pullbacks look like pullbacks while the trend continue upwards. The trend was built upon a foundation of zero interest rate policy coupled with quantitative easing, aka donating free liquidity to the wealthy on the backs of wagecucks. Powell and the fed ensured you will be in a wage cage for many years to come by not normalizing rates when we were at ATHs in the market.
The Russians have prepared for this. They are wrestling with the bear for decades already. It is part of their nature. When they realize the bleak outlook has once again hit them like a never ending winter with no sunshine reprieve they hit the plastic bottle vodka and take it one day at a time. You have not prepared the way they have. This is because you have become addicted to ignoring risks and enjoying ever prosperous returns as we print more and more money and purposely erode the foundation of trust in society, our economic system.
Phon/ongod doesn’t have a perfect answer for you. You are feeling depressed. You see the comments in the trading channel. You see the prices across the board. You see the Nasdaq down 20%+ this year. You see global markets being hit. You realize that bitcoin and eth and shitcoins are not a hedge, but they are instead a correlated asset like anything else. You realize as many others who actually look objectively at the space; if crypto is not an uncorrelated asset then it loses tremendous appeal to money managers.
There are likely more painful times ahead. Lucky you’re not Michael Saylor facing a multi-billion dollar margin call if bitcoin hits the low $20ks. Lucky you don’t have dozens or hundreds of people’s money and retirement funds in your hands. Lucky you are responsible for your own future and you can choose to focus on what is important. Build, contribute, grow and do your best to ignore pixels of red and green that have an instant impact on your serotonin levels.
The bear only wins if you let it.
Phonon DAO won’t be hibernating through the crypto-winter
Tips to phonongod.eth will be invested in bounties that advance the Phonon project.
Hatemail to phonongod@protonmail.com will be scathingly considered.
Targets for the marketcap of PHONON DAO remain:
$1b by Q2 2022, $12b by EOY.
On the high end, $300b marketcap in 3 years.