Why This is our First NFT Bear Market 🧵

You don’t know what you’re talking about

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

After educating myself and talking to the ones who were here when BTC was $2. I learned why these people stay hidden.

They don’t want all that clout many people on Twitter so desire, they joined for the community and the fun of it all, a time when people identified as numbers on the blockchain. Communication was through etherscan and telegram…

Not who can engagement farm or shit post the best. Although I do believe, the shit posting is good for the market because of people like me who need a little meme and shit posts to get through their first hellhole.

So, Why are they here still?

Well, to understand the behavior of the market of course. But, honestly, they don’t need Twitter. They have group chats, discords, and telegram chats which supply them with more than enough information, and these people actually know a little something or two.