@gritcapital

Genevieve Roch-Decter, CFA's avatar

$59.7M follower assets

Investor • Former $100MM+ Money Manager • Write #1 Finance newsletter on Substack • Seen on FOX, Bloomberg & VICE • CEO Grit Capital
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Good Morning Everyone! Remember, bear markets make investors a lot of money, it just feels like hell at the time. Bear markets make investors a lot of money, it just feels like hell at the time. Bear markets make investors a lot of money, it just feels like hell at the time.
The weather may be warming and the sun might be shining outside, but for cryptocurrency investors, winter has come.

Time for a quick thread 🧵

Bitcoin, the largest and best-known cryptocurrency, has collapsed nearly 70% from $67,000 at the highs to just $21,000 today, resemblant of the crypto crash of 2017.

ETH, the "oil" of crypto, with the Ethereum blockchain powering NFTs and smart contracts, is down even more from nearly $5,000 at the highs to just $1,200 today.

Liquidity in the NFT space is drying up too, with the floor price of projects plummeting as people pull their cash from platforms such as Opensea.

With stablecoins like Terra Luna collapsing and some indications of contagion with the bailout of BlockFi by FTX, what's behind all of this, and how should you think about crypto from here?

Causes of the crash👇

👉 Rates going up, capital drying up, FUD, cycles...

👉 Sadly, whilst some try to say otherwise, crypto does carry more risk than treasuries, so when capital starts to dry up and funds need to de-risk, crypto is probably the first on the chopping block.

What should you do 👇

👉 Make sure you aren't invested in any ponzis (easier said than done...)

👉 Make sure you only have as much exposure as you are comfortable losing

👉 Always try to figure out the economic value associated with any crypto project


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Subscribe to get tonight's newsletter for our deep dive into Crypto Winter!

The weather may be warming and the sun might be shining outside, but for cryptocurrency investors, winter has come. Bitcoin, the largest and best-known cryptocurrency, has collapsed nearly 70% from $67,000 at the highs to just $21,000 today, resemblant of the crypto crash of 2017. ETH, the “oil” of crypto, with the Ethereum blockchain powering NFTs and smart contracts, is down even more from nearly $5,000 at the highs to just $1,200 today. Liquidity in the NFT space is drying up too, with the floor price of projects plummeting as people pull their cash from platforms such as Opensea. With stablecoins like Terra Luna collapsing and some indications of contagion with the bailout of BlockFi by FTX, what’s behind all of this, and how should you think about crypto from here?
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Good Morning Everyone! Remember, going back to the 1950s, the average bear market lasts just over a year (388 days). Bear markets, have always given way to bull markets.
Good Morning Everyone! Remember bulls make money, bears make money, pigs and those who only own speculative companies with no revenue get slaughtered!
Good Morning Everyone! Just hit 100k followers on Twitter. Grateful for you all. I started this account two years ago with a mission to share investing insights in a fun and digestible way with the world. Feels like it’s working!

So as a token of our appreciation…

Today, we are giving away a complimentary upgrade to our paid newsletters (for a month) to the first 100 people who sign-up👇

We’ve all heard the phrase before:

“It's not timing the market, it's time in the market”

So, how much time do new investors have to be in the market until they either recuperate losses or start to panic sell?

It all depends on where we are on this curve.

Let's dig in…

Markets operate in cycles, which makes it incredibly important to zoom out.

This is difficult to see when looking at your daily P&L with megacap tech down 30%, high growth down 60%, and crypto down 70% (probably shouldn’t have bought that shitcoin Kim Kardashian marketed)

And while speculative assets are getting crushed - real companies are too.

The tide has gone out and we are seeing who is swimming naked, but there’s a massive undertow and even lifeguards are struggling to stay above water.

The dip that keeps on dipping.

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Good Morning Everyone! Remember, you make most of your money in a bear market, it just feels like hell at the time.
This is so true. I’ve been dumping free cash back into long term holds at a discount. Not much new being added to the account, just building up positions at this point.
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