Dec 8, 2022
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Pet Rocks and Magic Beans.

Written by pinmin


I’ve been here studying for 8 years. I predate ethereum and almost marked it as a shitcoin (there were no altcoins then). I’ve made a corporation in this space. My company is objectively doing fine (we planned for bear season).

This week I’ve heard the entirety of the cryptocurrency space referred to as “Pet Rocks” and “Magic Beans”. Im not a moon boy but we’re close to the bottom, i heard this nonsense in 2017-18.

BTC works in cycles. The “yield farming” nonsense is the same as the ICO boom. My point is to plan accordingly, that’s all. Cramer saying “sell your crypto”. Talk of magic beans and pet rocks. These are indicators of mainstream narratives I’ve seen before.

Edit: Also CZ is literally running a “bank” not an exchange, and aims to be a “Central Bank”. Resist at every opportunity you get.

submitted by /u/RagingD3m0n
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