The Crypto Slaughterhouse and Its Emperors

How many of you still got any vivid memory of the 2021 bull market? Anyone?... Well, one year in crypto feels like ten years in real life and throughout the years we have seen all sorts of insane pumps and dumps on certain currencies as well as over-optimistic turns coming from crypto companies as well.

During the bull market not just the dollar valuation of crypto assets bubbled, but the companies playing with billions of dollars in funds too. FTX had a whole sports arena in the US having its name, Coinbase "got big" by hiring lots of people, crypto.com got into F1 sponsorships, and tons of insanely spicy commercials.

And now... Well, things haven't turned out as supposed and it seems that not just I have messed up the past bull market but these industry titans as well. FTX is gone... Coinbase had already made its job cuts about a week ago and it's now the turn of crypto.com to slash 20% of its employees.

I'd say this is a bottoming sign but won't get into polemics. However, not just companies were dead wrong about the bull market charting in 2021 but crypto influencers too. Individuals rocking 200,000+ followers saw their bets fail in 2021 in quite a way.

il Capo Of Crypto, a so-called crypto influencer whom I blocked a long time ago on Twitter predicted in March 2021 when BTC was probably around $40,000 that he sees the peak of the no.1 cryptocurrency by market cap to be somewhere between $200,000 and $500,000.

It actually peaked at $69,000 the same year it was forecasted to hit such insane levels, as you might have known already.

Recently, this fucker(il capo) and some other dude on Twitter named PROFIT BLUE came with charts showing that BTC was heading to the $10,000-$14,000 area which supposedly would have been an insane buying opportunity. That didn't happen, BTC is currently leveling a bit under $19,000 after sitting in that boring range of $16,000 to $17,000 for quite a while, and even if a correction will follow I doubt it will go that low($10,000-$14,000).

What's the moral of the story(if there's any)? Is that, if anyone would have followed the advice of any of these two fuckers would have clearly missed taking profits in 2021 and still sitting on cash(if have any) waiting to buy Bitcoin at $10,000.

I follow none of these types anymore, I don't even remember ever following PROFIT BLUE but, I was, however, part of the herd that got to the slaughterhouse during the 2021 bull market by simply falling for all sorts of patterns such as the S2F model and others.

I think I learned my lesson, though, and I did that on quite a note. I mean, I wasted nice profits just because I believed in the targets some so-called crypto influencers were setting for Bitcoin in 2022. Now I no longer rely on anyone's view or advice in managing my portfolio.

I have a simple strategy for when the bull market comes(probably a few months prior to the next Bitcoin halving) and will stick with it. These CT emperors have taken many innocent souls to the slaughterhouse over time and they need to be exposed though.

Thanks for your attention,
Adrian

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