#AskLeo - Are you prepared for the crypto winter?

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Hi,

for today's #AskLeo, the tag by @acesontop, I want to ask you a simple question, are you prepared for the crypto winter?

As it seems, the cycle is now turning to the unpleasant side of it, and we will probably face a longer crypto winter, due to the economic crisis that is about to start.

Crypto, if it would have reached a level of maturity, would have been a safe heaven against economic distress, but crypto is still in infancy. It is fuelled with easy and cheap FIAT money, that is pulled out at the first market cough.

With the changes from the past 2 years, we might see a bigger recession for the time to come, and crypto, as it looks now, will be also hit. How hard, I can't tell.

Well, I was not prepared, and was thinking that the party will still go on for at least one year, given the shortages on the market. But inflation hit, and we have seen that crypto market going down, even faster than FIAT. This can be positive, when the market bounces back, with a speedy recovery.

I was not prepared, as I would have sold most of the crypto, to rebuy on the floor with a lot more tokens in stash for the next bull market.

Now I try to get as many as cheap tokens as I can get, and hope for a speedy recovery, as crypto needs to stay in the attention of the people.

So, are you prepared for the crypto winter?

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No... but yeah...I picked projects I believe will live through crypto winter, so I'll just keep dca'n the crap outa those until the next bull run

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Crypto, if it would have reached a level of maturity, would have been a safe heaven against economic distress, but crypto is still in infancy. It is fuelled with easy and cheap FIAT money, that is pulled out at the first market cough.

Everything has its ups and downs. Not just/only cryptocurrency and fiat money (including the stock market), but physical products too, for example cars, real estate (houses) and other things.

Cryptocurrency has (one of?) the biggest swings, but it has its cycles. Up and down. We saw it in the previous years. It can go up and down anytime.

I am ready for it.

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Its time for quality. If the projects live through the winter, they will prosper in spring.
Not going for big risks now is the way to go.

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Well, I was not prepared, and was thinking that the party will still go on for at least one year, given the shortages on the market.

Same here. Now the question is: if we didn't know it's time to jump off the boat how do we know the bear market is going to be longer than previous ones?

I'd say the halving is still dictating these cycles.

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