Lessons learned from this year's crypto crises.
The first one, clearly, is take some profits during euphoric times. March was clearly a euphoric period. I expected a two-month correction. It turned into a five-month correction, which brings me to lesson number two.
Why did the correction last three more months than it usually does in bull markets?
Sovereigns are selling.That is the fact. Someone's trying to hold it down, and I think big ETF players don't mind because they're trying to get as much Bitcoin as they can, as low as a price as they can. One day, Bitcoin is going to surprise everybody and take off.
The lesson from this crisis is that the sellers are going to eventually run out of time in office or Steam, allowing them to market.