These are just some of the negative headlines in the last 12 hours:
FTX CEO Bankman-Fried Arrested on Fraud Charges
Over 6 Billion Withdrawn from Binance
Former SEC Official Says Binance's Finances More Opaque Than Those of FTX
2022 Rug Pull Report: 350 Crypto Scam Tokens Developed per Day
Ripple Scam Alert: There Is No XRP Staking Program
Former BitMEX CEO Sues Company for Breach of Contract
Ledger Partners Changelly and Wyre Allegedly Freeze User Funds for 'No Reason'
FTX Collapse Effect; One Time Crypto Fans Now Leaving the Industry
Crypto Graveyard: 900 Cryptocurrencies Listed Each Year Bite the Dust
Has it ever been this bad?
While this is happening, some authors are even writing about Jupiter and Astrology and relating all this to Bitcoin/Cryptocurrency... Completely delusional, see below: 🅱️ 🪐 Bitcoins Connection To The Stars, Do You Believe In Miracles?
Is there a silver lining?
Is there any hope for the cryptocurrency market or are we all forever doomed?
Remember the headlines last year around September, October, November (2021)?
Image of Rock Sells for US30M.
Same Image of Rock with Different Number Sells for US24M.
Virtual Space on Crypto-Blockchain Sells for US100M.
Bitcoin Headed for $500,000.
The Ethereum Merge, The Best Invention Since Hot Bread!
Bitcoin, Ethereum, Litecoin, Dogecoin & ShibaInu To Be Recognized As Legal Tender In Mars.
... And then the strongest bear market in the history of cryptocurrency started to develop.
When we are hitting new highs, new All-Time Highs, there is lots of excitement, euphoria and the news are great.
When we are hitting new lows, All-Time Lows, the bottom, lots of fear, despair can be easily witnessed all across.
Out of crisis, opportunity grows.
Once we hit bottom, the only place left to go is up.
The silver lining is this... The uglier it gets, the closer we get to the change of trend.
Stay strong. The market will reward courage, loyalty, persistence, consistency and long-term support.
We've been here before... This is not the end. This is just a phase!
Everything can change fast, without warning in a matter of days.
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