Bear Market Headlines

What's more, since they announced the rebrand the stock is up more than 65%.

Hilarious...

Are these the type of headlines that you see in the beginning stages of bear markets?

Or at the end of them?

I can certainly tell you the opposite happens at the end of bull markets.

Remember when all those obscure companies were pivoting to crypto right before the market peaked?

Among them, Bioptix rebranded to Riot Blockchain three months before the epic 2017 top...

And now you're seeing them rebrand again!

It's no different from the magazine covers.

Not so long ago, Fortune was calling SBF the next Warren Buffett.

Fast-forward some weeks, and the Economist is running with a doom-and-gloom cover of a barren landscape, noting the "fall of a crypto empire."

The signs are there.

These are some of the largest drawdowns we've ever seen in this asset class.

Investors are feeling the pain.

But let's focus on a more optimistic note: From this pain will come opportunity. What we're seeing are endless potential setups develop for the next bull cycle.

Rookies get culled in bear markets. The resilient spend these times building and becoming wiser investors.

The way that I learned it is that "he who wishes to be rich in a day will be hanged in a year."

Any idiot can make money in a bull market. But it's those who've been in this game for a while who understand that in these environments, you play aggressive defense to protect capital.

When the easy money returns, you're making money from the new highs instead of trying to scrounge back huge drawdowns.

When I see these stupid bear market headlines, a small glimmer of excitement brews within me.

People want out of this crypto experiment.

They're rushing for the exits.

They're rebranding.

They're selling.

This is capitulation in real time.

Are you going to take the other side of their panic?

Or are you going to join the herd?

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Thanks for reading, and please let us know if you have any questions!

Allstarcharts Team