Cryptos inflated market value is largely fuggazi. Serial Convertible Bond Issuers
SunEdison*
Chesapeake Energy
Molycorp*
Lehman*
iStar Financial*
Calpine*
Fannie Freddie*
Enron*
Tyco*
Adelphia*
Six Flags*
eToys*
Avaya*
Worldcom*
Tesla
* went bankrupt
H/T: @Convertbond
Tether is injecting billions of dollars into crypto, printed out of thin air, fueling a final bull run before DOJ lawsuits and stablecoin regulations take effect next year.
Lets be honestnone of this growth is driven by genuine demand from ETFs or institutions. Its 80% Tether, followed by 20% FOMO. In this all-encompassing crypto bubble, even the most outrageous shit coins are seeing massive surges.
History teaches us that peaks are often followed by brutal crashes and multi-year bear markets. Buying now at all-time highs means trading on emotionand more than likely, facing significant losses. Dont forget this.
Feeling tempted to FOMO? You need to step away from the charts, find a new hobby, and wait it out. Patience always beats emotion in the long run.
While every other crypto page is urging you to take out loans and go all in, I genuinely care about my followers and offer a contrarian yet realistic approach. The market is almost entirely fuggazi, and while bull markets often make people forget that, you need to remember: the true market value isnt even worth 5% of its current valuation.