Nice metaphor for a crypto winter 👍

But is this a crypto winter? If you created a portfolio at alltime highs.. sure it feels like that. If you were invested before your portfolio should be far above your initial investment (Jan 2017). If you have a mix maybe you are on par.

I wrote about the dilution in the whole market. Each day new cryptos arriving and take the attention of people and maybe many dump their "boring" coins for new candy. The market cap is still relatively high with $300 billion compared to Jan 2017 with $18 billion. My educated guess is we see a ongoing dilution or distribution among more and more emerging cryptos.

My long term bet is about fundamentals. Currently all the candy is too sweet for many and we have to wait which projects show real products and progress and then we see a wipeout of all the crappy coins who are currently so exciting for many people. Over time value is concentrated among the true useful projects but needs months and years to get visible.

btw: Congratulation for a reputation of 60!