Crypto Markets.... More Pain to Come...? by revise.leo

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hive-167922 · @revise.leo · May 24 '22

$12.27

Crypto Markets.... More Pain to Come...?

The phrase 'bear market' has cropped up a lot in my comments over the last week and that is certainly the sentiment in various Discords I am part of too.

And this [recent article](https://www.cnbc.com/2022/05/19/theres-more-crypto-destruction-to-come-blockchaincom-ceo.html) written for CNBC gives the situation a bit more context...

![Screenshot 20220521 at 18.34.10.png](https://images.hive.blog/DQmcxS7ocSLcRN9Z9Q8qRnzjfifRfzCk5tyZ2JsAd76U1UC/Screenshot%202022-05-21%20at%2018.34.10.png)

The general gist is that after the $40 billion crash of Terra, from which there's probably no coming back, there will be a few more weak projects which are going to be flushed out too.... a ripple effect from Terra, lasting for a few weeks or months...

The article also reminds us that we are in some VERY early days of decentralised finance - I mean DEFI has been around for, what, three years?

And it was no doubt at the centre of the last bull-market, now (I think we can all agree) officially over...

But I can't help get the feeling that this depressed sentiment about Crypto is going to be relatively short lived - already pretty much everyone I know and every article I read is talking about 'starting to dollar cost average back in' - already.

Bitcoin already feels cheap, as do many other tokens, and if that's the sentiment it will go some way at least to holding up the floor prices.

And of course there's the fact that I'm certainly NOT SELLING anything for stables at the moment, that would just be insane!

And I honestly don't see too much room for growth in other asset classes outside of crypto....

So maybe probably there will be more pain to come, but I don't think it's going to get that bad?!?

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/hive-167922/@revise.leo/crypto-markets-more-pain-to-come)

👍 leo.voter, jphamer1, abh12345, penguinpablo, anadolu, cryptictruth, urtrailer, splatts, p-hive, jlsplatts, bitrocker2020, bombus, acesontop, dlike, gualteramarelo, scaredycatguide, roleerob, gniksivart, leofinance, gadrian, dwayne16, enjoyinglife, khaleelkazi, drnoobpro, hivehustlers, travelwritemoney, rmsadkri, dknkyz, emeka4, foodfightfriday, mytechtrail, jmsansan.leo, w-splatts, organduo, kuku-splatts, untzuntzuntz, hivelist, bananass, sharkthelion, centtoken, alphacore, jglake, swelker101, runicar, isnochys, coinlogic.online, officialhisha, elgatoshawua, isabel-vihu, obsesija, maddogmike, idig, cugel, russellstockley, chloem, drax.leo, jeanlucsr, ninjatrading, gonklavez9, b-leo, deeanndmathews, gillianpearce, surya1adiga, wrapped-leo, and 61 others

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@acesontop · May 24 '22

RE: Crypto Markets.... More Pain to Come...?

I totally agree with you. I rarely say that, but I do... 

Somehow we need to get the space cleaned of projects such as luna and others. 

We also need to realize that if we didn't have a bull market similar to the one of 2017 the bear market won't be similar with the 2018 either.

Hence dca feels legit already.

Posted using [LeoFinance Mobile](https://leofinance.io)

👍 revise.leo

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@ajanaku · May 24 '22

I think it as already be predicted that this year is bear market year ,it a year of opportunity to buy more crypto,this is why I am not surprise that the market is falling probably still fall more than this

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@revise.leo · May 25 '22

I'm not holding my breath for an imminent reversal to an uptrend, put it that way! 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@revise.leo/re-ajanaku-2fdlu7)

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@jphamer1 · May 24 '22

I think it will be evident soon enough that DEFi is basically just a scam. Ponzinomics. NFTS etc will all go to zero mostly.

👍 revise.leo

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@revise.leo · May 25 '22

I don't know.... I think there's enough greed to sustain it for a while! 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@revise.leo/re-jphamer1-hc44x)

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@jphamer1 · May 25 '22

lol

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@monica-ene · May 24 '22

Could defi too be be that weak and really young to be affected too?. 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@monica-ene/re-revise-leo-3bsai6)

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@revise.leo · May 24 '22

Some of these DEFI platforms have been hit hard for sure!

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@revise.leo/re-monica-ene-4xsta)

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@splatts · May 24 '22

I'm thinking so... HODLE IT!!!

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@revise.leo · May 24 '22

Defo time to hold!

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@revise.leo/re-splatts-2erpa7)

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@travelwritemoney · May 24 '22

I think anybody who has been around crypto long enough has already been conditioned to buy. Therefore, even if we have a prolonged dip, we will see people cost averaging in for the duration. 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@travelwritemoney/re-revise-leo-7mtcot)

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@revise.leo · May 24 '22

I'm certainly feeling that way! 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@revise.leo/re-travelwritemoney-dbnc7)

👍 travelwritemoney

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properties (23)vote details (1)

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travelwritemoney	0 B		7,343,721,379	32.3%

@typebox · May 24 '22

It will be so interesting and enlightening to see what will change this market . For now it seems there won’t be any sight of the horns of the bull market , not anytime soon !

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