A common hopium is "crypto is up only"

Reality: 99.9999...% crypto assets are down only. They hit an ATH in some mania, that ATH will never be hit again, and they will be down only forever

BTC, ETH, handful others are massive exceptions that have carved out a secular bull, but even they will see a secular bear eventually, like all emerging markets have through the centuries

A related ubiquitous mistake:

Look at "metrics" in the middle of a speculative mania, assume "it's only the beginning" and extrapolate to the future with eyewatering "metrics" to "rationalise" said up only hopium

Reality: said "metrics" are completely unsustainable and have nothing to do with token prices anyway

I wish you could measure how much people care about a certain thing. That'd tell us probably more.

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267 $DEGEN

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imo its more like a cycle. 
You see, a cycle always repeat it self. UP ONLY is the real hopium, but if you on the right place, that might be true. UP only in a very long term, only for BTC.

The spoiled space should get destroyed once.

Speculative mania leads to misguided optimism based on unreliable metrics

Careful not to fall for hype and unrealistic projections based on temporary trends

Dangerous to rely on speculative metrics during manias, they often lead to irrational decisions