This is one of the most uncertain market conditions since 2013, not even as 2022 when FTX collapsed.
I'm not trying to undermine the losses of those who lost their money on FTX, but crypto currently seems so depressing.
Saw a guy who once posted over 3 posts a day at the peak of 2021 bull run, he wrote a post on how he was so disappointed on Hive and how he's now fully invested in web2 and no longer on Hive or crypto.
Saw the peak of infofi on X (Twitter) come to an end, and the general alt market not doing well.
A lot of web3 projects also currently shut down because they've been doing poor volumes so far and a lot of users are currently not putting their funds into many protocols at the moment.
Don't farm, hold stables
For example I decided to farm some DEFI protocols with about 100$ or 200 for a little 2 to 5% APR, but I decided it wasn't safe and the APY was just so small.
Also, these protocols stablecoin can depeg just like we got $Luna depeg. Fortunately Hive and HBD is currently best place to farm stable yield and even though I still think 15% APY is still a little too much, I think even though we reduced that to 10% we'd still get the best stablecoin paying yield out there.
Going back to the discussion, we saw BTC rally to 69k and a lot of people are like "we're back" I laughed because I know that we're in bear market territory at the moment and now isn't the best time to buy anything, infact if we're being serious, now is when to expect the massive dump that will follow soon and the bottom we will get by the end of the year will be the better time to buy crypto.
As always, a lot of alt didn't pump with BTC and expected too.
Also while it's too early to say, I don't think there might be any mysterious pumps in Q2, 3 or 4 although there's no certainty, but I just think I'm 99% sure there won't.
I've seen certain indicators that's convinced me that we're in bear territory, and with or without a catalyst, we'd be getting that BTC 35 or 40k bottom and of course another 50% dip in alts.
It's unfortunate that the market didn't end euphorically as it always does, but who knows maybe the bears will be shorter this time, but I don't think so, I believe we the market cycle is still intact and you can feel that.
I don't buy the idea also that the market is being suppressed by Jane Street, but to face reality I think anyone should prepare for the dump that should happen from now till six months time time because it's definitely going to happen.
Stables over anything
I'll advice you to hold stables in this period, I repeat, now is not the best time to actually invest in anything, the market will only get dipper and then you'll have lost. It's better to wait till the 35 to 40k range.
Unfortunately I think $Hive might be trading 3 to 4 cents (and might likely bottom there) which is about a 50% dip, I don't like it but I think this might be the reality, the only good thing is that Hive will always come out of the ashes.
Don't get carried away 99% of crypto projects are currently suffering from the bears, it's what it is. Everywhere you're vested, you're in loss. There's nothing to be scared of, except the disappointment we had (not getting an alt season) I think this is a normal place. Keep building through the bear and keep showing up, it'll definitely be worth it in 2 years time.