This sell off and sell off in the stock market seems way overkill compared to what is actully going on. There's legitimate projects struggling a bit now but it might weed out the fast cash grabs which could be a positive for the market on the next rally. Curious how much longer this will last I think winter we will be in for some big number gains again.
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Actually the stock market could have legitimate reasons. If you are a believer in P/E ratios, then the market is overheated, by a long shot. However, there are legitimate, in my opinion, economic headwinds which could make life tough for many companies.
Crypto is going to follow that trend but we can see a lot of reason for optimism on many levels with it.
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This bear market looks like it would be much longer and more destructive than previous bear markets. After all this is the first crypto bear market to coincide with high inflations and recession, something that most people haven't experienced in living memory. Most people will have truly hard time adjusting to the new realities.
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