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ryangtanaka
@ryangtanaka
#Tezos did not have a good week this week, even relative to the other projects in the crypto space. Do you see that bump in the middle? That's the (ill-gotten) gains from Trump's insider trading announcement, which gave almost every other coin a much-needed bump, whereas $XTZ stayed flat, and went down anyway on the following day. I'm going to argue again that this was a good thing, despite it not looking good on paper - what's happening right now is that institutional money is selling, and they're throwing out false positive news to try to lure retail investors to buy back in so that they can get the best prices as they sell it off as their expense. Tezos was one of the few communities that did not fall for it. The green numbers might make some people *feel* good, but in the long-run, they will end up losing more money than those who simply held.s much needed cleaning. And that moment is coming very close. 📈
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ryangtanaka
@ryangtanaka
I've had some pushback from a few crypto people - desperate for some good news in the space - basically accusing me of being naive or coping about the whole thing. Bro, this was literally an insider trading play running on pure hype - it's an ethical/trust issue as much as it is a financial one. If you're getting excited about the price going up for a stupid reason like that, it says more about you than me. Hang in there, Tezos folks - things will be going down for a while and there's nothing anyone can do about it because we are in a selling environment. But if XTZ is really worth getting back into, people will come back after the market goes through it'
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