Maximum pain? // LUNA, UST, BTC

I havent written a market related post in a while. Mostly because I dont trade. Never did. I pick a few winners and stick with them for years. That works for me.
I mostly look at markets in events that will most definitely have a psychological effect on the crypto community, shake off weak and inexperienced hands.
Those of us here for more than a few years know what maximum pain feels.

Since I started in crypto after the end of the 2018 bull market Im really familiar with seeing red.
What happened to LUNA in a day will probably be happening to many other projects in the coming weeks and months. Are you ready?
Some see this as "max pain" but we are not there yet. I would not be surprised if Hive dropped to 10 cents again, BTC to sub 20k. Id rather it didnt, but I dont dismiss that chance.
The prosperity lasted too long and weve seen too much nonsense thrive for this bear market not to hit everyone like a punch in the face.

Luna just hit ICO price levels. I dont know exactly how their tokenomics work but on Hive the debt levels are carefully monitored. Their stablecoin, UST right now is worth 10 times what LUNA is.
Theres probably going to be a recovery at some point, but this shows just how immature and dangerous the market still is.

It was a matter of time until we had a event like this that would wake us all up. A kick in the butt. Splash of cold water.
Just remember, when we all think there will never be another bull market, when crypto influencer noise is no more on twitter, when you see, "last time posted 3 months ago" on their youtube channels, thats when the next bull run is coming.

Till then, keep posting, keep stacking, keep building, keep safe and enjoy the peace and quiet that will inevitably come.