So true. And denial means unrealistic expectations, bad surprises and sometimes dramas too, unfortunately.
That's why we, at least here on this forum, should be realistic and express clearly the truth/situation, with both its good and bad sides.

And back to crypto and your last line: while crypto can bring nice surprises indeed, it's expected that during a recession they will also not do great (if people don't have money, they won't buy, and if there is no demand, the price can only go down).

If you want comedy, but really bad comedy, cringe stuff, just look at SBF tweets:
https://mobile.twitter.com/SBF_FTX/status/1591989554881658880

Such statements are meaningless. Withdraw everything.

Brady looking decent so far, never count out the goat.  When it's all said and done this year they will end up probably being one of the top teams in the nfc and Brady will work his magic in the playoffs.  I can just see it now.  

Just hope for ff he doesn't hit Mike Evans too much.  Going against Evans in a couple of my leagues.  

SBF is said to be planning to flee to Dubai but has been arrested by the Bahamas authorities, Caroline is in Hong Kong and most likely she will go to Dubai to hide. FTX has business registration in the US and Bahamas, so they have the right to keep him until the investors of these two countries are adequately compensated according to regulations. that's also why when FTX blocks withdrawals, only users in these 2 countries can still withdraw.

SBF silently transferred 10 billion to Alameda without notifying shareholders, and most of this money is investors' money, not the company's capitalization or himself. I believe it was he who caused Luna's downfall and then used his money to buy up other bankrupt companies.

Looks like those rumours about crypto.com being in trouble made people massively withdrawing their funds from there as they recently shared the announcement that hey are "experiencing delays with crypto withdrawals due to network traffic" and I saw some people reporting that they have been waiting for 24 hours to get their crypto out. Well, at least I hope that's the reason and not that they are actually insolvent and that's what causing all those delays.

Not that it's not possible but I doubt it. In addition to the CEO dismissing those rumors, they released a list of their hot/cold addresses and also promised that the Merkle-tree proof-of-reserves will be available soon: https://www.kucoin.com/blog/transparency-and-trust-a-detailed-list-of-kucoin-s-wallets

my stance of the whole "government" thing is this

senators and congressmen live their professional lives by their 2-4 year contract(voted in period of position)
they are not personally interested and do not sit at a computer watching every citizens daily activities, they are not interested in watching what coffee or chicken burger people buy.
the whole "government is watching your every move" is a dream

it does not matter the currency there will always be "government" but its just a game of which currency can lobby the best, wins
we see this with many nations. where european countries moved to the euro and UK moved out of euro grasp. we see african countries pivot from euro to dollar at a whim.. governments dont care about currency they just want to get paid in whatever is valuable/offered at the time of their voted in position

BANKS on the other hand are a business. and they want to continue doing business..
its banks and financial institutions that collect data on their customers.
they dont like new 'money businesses' setting up new industries where MSB's make more profit but dont have to do all the paperwork.

much like taxicabs and transport regulators didnt like Uber

i dont view the SEC/CFTC as child of senators/congressmen
instead i see them as the mother and father of banks/financial industry

i view SEC/CFTC not as a government department. but as a business..
they lobbied congress/senate decades ago to give their business powers that allow them to parent an industry

setting rules where by you have to buy a licence(membership) to be allowed to enter an industry(pay rent to live in the family). it helps avoid boiler room scammers just setting up shoddy banks. but also puts up barriers to ethical people that want to set up genuine money businesses to compete against the banks(unless your part of the elites)

lets take DCG (coinbase, bitfinex, ftx) via their business connections of their elite social group they get to easily set up exchanges/businesses with no oversight. but they also know the best tax accountants and fiat law lawyers to know the loopholes to escape the costs of doing business, which more common folk dont get this privilege access to

yes senators and congress have a say in what powers and actions the SEC/CFTC have and can use. because senate/congress control the law. but get bribed(ops i mean lobbied) to re arrange the law in businesses favour

decades of bribes and golden handshakes and buddy system allowed these regulators(businesses) to gain power and prestige pretending to be government departments. but in reality business partners of industry

we seen this with the bitlicence . the then head of SEC set up a bitlicence(membership NY businesses had to subscribe to) and once set up he resigned as regulator(job dne) and entered the business of bitlicence adviser taking extra fee's to guide businesses in the loopholes (of the rules he set up) to aid the business buddy system of who should enter the crypto world in NY

the regulators are businesses in of themselves getting money both from treasury to do the good deeds of law. and also the corporate money from business to do the deeds of banks
..
DCG(greyscale) wanted an SEC regulated ETF. but got pushed back. and so DCG and FTX now want to pivot bitcoin away from mommy and daddy SEC regulations and instead get adopted by foster parents CFTC

.. even other regulators like the EPA(environmental protection) are a business. they have powers to shut down farms and tell power companies to not service certain industries..

if you stop viewing regulators as some trump/biden grandchild.
and instead view them as business parents. where by they bribe, beg, coerce or blackmail government(senate/congress) via "lobbying"

you start to see how trying to point fingers with "biden/trump is /was spying on all your transactions" (facepalm)

and instead realise banks dont want competition who has less work but more profits.. the picture becomes clearer

knowing the difference between:
congress/senate (contracted men that like side deals)
paper law (national/state level) which has no arms to punch
law enforcement(idiots who like guns) employed to do raids and punch
regulators (businesses with power) that can call on law enforcement
banks(that fear other financial industries/competing jurisdictions finance)
MSB(lower level less elitist financial services) some are family some are outsiders
crypto code(rules of code) which has no ear to hear paper law and no body to be hit or arrested

you learn the middle guys (banks) are the ones fighting to stay alive.. not the congress/senate
......
bitcoin itself as code if everyone just ran the same code and never changed. would be unstoppable

the "safe" of bitcoin is to not allow any business to coerce or mandate changes to code. not allow businesses to gain power to control the edges of bitcoin where people enter and exit

we need to fear firstly BUSINESSES (like DCG(blockstream devs, NY agreement economic nodes) and their CEO's that lobby to change regulator jurisdiction of the industry over all)

then the regulators whom may gin powers to stifle mining locations or which merchants can startup

then lastly "government" but more so about how businesses (banks and MSB) lobby said government.

rather than thinking that its a top down finger point of government downwards.. its actually the businesses upwards
.. because .. "capitalism" not "communism"

---

congress/senators do not call the FBI/SWAT to do raids on citizens.. thats just bad practice and not good for future election hopes of their career

what happens is BUSINESSES watch their customers and suspicious activity or activity one business doesnt like seeing another business do is reported to regulators.. the regulators then call on FBI/SWAT

..
th electric car industry sees crypto as a threat to the electric availability. if power is going to crypto then people wont want to buy electric cars due to lack of electric to drive to work. so the electric car industry(elon) is lobbying regulators to push hard on bitcoin businesses to be more "environmental"
its not a biden decision top down. its a business lobby middle up

banks dont like non fiat becoming common money. thus there is a push to have crypto only as investment not money. again (middle up)

then there are msb's  they also want to have their other financial products like ETF, sidechains and subnetworks. so they want regulation changes. but dont care about the other effects that can happen due to their selfish wants. heck they have been bribing the regulations middle up.. and also the devs at the bottom..