Why This is our First NFT Bear Market 🧵

You don’t know what you’re talking about

Morgan Taylor Sarkissian
3 min readJun 30, 2022

everyone on Twitter has been tweeting about ETH dropping to these low 3-digit numbers of $400-$600 some people are even saying pocket change.

My question is: When have we ever predicted something cohesively? When have we actually been right?

People predict ETH to $10k right when ETH hit its top. People predict new highs when they are VERY bullish (greed) and new lows when they are VERY bearish (everything is going to 0).

The majority of people on Twitter have no idea what they are talking about. They think that because they minted a Bored Ape in 2021 that they know what exactly is happening. They don’t.

So, who knows what the hell is happening?

The ones who are silent, are watching and laughing as more and more people tweet as if they know what a true bear and bull cycle looks like. When really they are the same people who decided at $5k ETH would be $10k.

Silent traders

These silent traders have their community, they have a group of friends who have experienced it all.

What I learned



Morgan Taylor Sarkissian

Inspired to help others and create communities through social media. I write about my personal stories, NFTs, Crypto, and the market Helloimmorgan on Twitter ❤️