> REMINDER: As the bull market fades, many projects will too! Expect a huge increase in exit scams over these next few months.
Precisely. The exit scams will rise with some useless projects riding off into the sunset and it will increase the negative perception of cryptocurrencies once again, just like old times in 2017 and 2018.
Now that the euphoria has ended abruptly, We are now going down the slope of the hype cycle and entering the trough of disillusionment phase, where we see the late newcomers blaming the smart money whales for successfully taking profits off the table (and manipulating the prices). No names mentioned, they know who they are.
This is the unregulated wild west of investing in cryptocurrencies and DeFi projects. We'll see what happens; one regulatory hurdle at a time.
> REMINDER: As the bull market fades, many projects will too! Expect a huge increase in exit scams over these next few months.
Precisely. The exit scams will rise with some useless projects riding off into the sunset and it will increase the negative perception of cryptocurrencies once again, just like old times in 2017 and 2018.
Now that the euphoria has ended abruptly, We are now going down the slope of the hype cycle and entering the trough of disillusionment phase, where we see the late newcomers blaming the smart money whales for successfully taking profits off the table (and manipulating the prices). No names mentioned, they know who they are.
This is the unregulated wild west of investing in cryptocurrencies and DeFi projects. We'll see what happens; one regulatory hurdle at a time.