What happens next with the market?

[Hold-n-play]

Could this be connected somehow to Elon and twitter story so that some big companies decided to "clean up" their past twitter activities? Just a theory...

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[MFahad]

It's a bear market. This should have happened several months ago. Every 4 years. The bull cycle began in 2017 and should have ended in 2021.  We just had a super cycle where it extended several months. This is not the end of crypto. Just a bear market, which is healthy for the whole crypto market. The stock market works the same. Makes it for people to jump on the train, when they missed it last time.

[erep]

Multicoin Capital doesn't look like they're getting out of the market any time soon. My guess is that deleting those tweets means that they want a fresh new start after their recer partnership with Bitwise,

"Multicoin Capital Partners With Bitwise and Matthew Ball for Metaverse Crypto Index, Fund" (Source)

Since the article Multicoin Capital building Bitwise partnership was published in early June but Multicoin Capital's twitter account didn't post any official statement about the partnership on its account, until now there hasn't been any posting but logical and convincing reasons that they have lost asset value on the wrong project investment. The bear market in the last week has suppressed the collapse of many new projects and there is little chance that new projects will survive and follow the market recovery.

[Godwinpaul]

We can only hope that this is not another exit scheme in place. We may pretend that their twitter account was Mal functioning or has been compromised. Let's wait for them to give us a report of what actually transpired that accounts for the deletion of tweets and unfollowing of everyone.

[AmoreJaz]

We can only hope that this is not another exit scheme in place. We may pretend that their twitter account was Mal functioning or has been compromised. Let's wait for them to give us a report of what actually transpired that accounts for the deletion of tweets and unfollowing of everyone.

for those investors, yes, you can only hope that this is just some sort of bug or something. but high possibility that this is another exit scheme. they may have lost a lot during this bear season. but if alameda research is owned by sam bank friedman, then, maybe he is into something. i know he dedicates a lot of his income to charity so he won't screw his investors. let's wait what's gonna be the reasoning of this deletion of tweets.

[dbc23]

It is a calm way of telling their followers to do their research seeing how down casted the market seems. I think it is the best financial advice any crypto firm should take to avoid been held responsible for losses in the future. At this point in the crypto market financial advice is risky

[Ulven]

The market has been taking a huge beating this month but I think it is not too late to take some profits.we have previously witnessed many events that affected the price of the currency, but they came back again, and I do not think that deleting tweets from the Twitter platform will destroy the crypto industry, so do not be afraid.

[livingfree]

I don't know these companies but if they've been big enough to handle the bull run and they're overwhelmed. I guess that there's a domino effect that had came from the Luna fiasco and it was passed on not just to the exchanges but also individual companies like those.

Almeda research is owned by Sam Bank Friedman which is the founder of FTX while this is behind the project like Solana, Serum, Raydium and other big name project on Solana ecosystem. This VC is extremely huge and this move is really a red flag because they are in possession a huge part on cryptomarketcap. They can dump the market if they will sonce they are bigger than Terra that recently collapsed. There is no official statement about this but this news is really intriguing. Thanks to OP for sharing.

Oh, thanks!

We don't know if there must be cooking but what's with this trend of deleting their tweets on their Twitter accounts? I think there was a news that someone or a company has done this before as the starter.

And then now, it seems that a few of them are doing the same thing. It's totally a red flag and someone who's tied to them with their money will feel that there's something wrong that's happening that they're not telling you.

[TheClownSong]

It's a bear market. This should have happened several months ago. Every 4 years. The bull cycle began in 2017 and should have ended in 2021.  We just had a super cycle where it extended several months. This is not the end of crypto. Just a bear market, which is healthy for the whole crypto market. The stock market works the same. Makes it for people to jump on the train, when they missed it last time.

i am agree it is not the end of crypto market, alot people thinking bitcoin or altcoin die now. i dont know they didnt understand market cycle or maybe trying spread fud in market. current moment should be opportunity for us to buy some potential coins , especially that have great ecosystem and also utility to create demand. for next 6 months i am believe we will get good return from this investment.

[Juwel580]

The current state of the market is such that the crypto market seems to be collapsing and the current trading situation is very bad. No tokens can be held. The security of all tokens is low and the benefits are low.  I do not think that the market is responsible for the current situation because it is due to the salt crash. I urge everyone to be strong. Be strong and be strong.

[bitcrystal]

I still think the worst is yet to come and seeing these top VCs doing these means they are trying to keep their self save for the bad times that are coming without being liquidated or facing any regulatory sanctions.

[BlackBaron]

What is going on with cryptocurrencies?
Is this a sign that the sharks are getting out of the market?
In light of recent events, do we seem to be entering the longest crypto winter in the history industry crypto.?

It's hard to judge the market right now, but I think the market is now getting to the point where crypto users/investors are thinking for the future, meaning changes to create new rich people in the crypto world, so pay close attention to the end of the year basar, maybe you can hold 1-2 Bitcoin for 2024-2025.

[traderethereum]

What is going on with cryptocurrencies?
Is this a sign that the sharks are getting out of the market?
In light of recent events, do we seem to be entering the longest crypto winter in the history industry crypto.?

It's hard to judge the market right now, but I think the market is now getting to the point where crypto users/investors are thinking for the future, meaning changes to create new rich people in the crypto world, so pay close attention to the end of the year basar, maybe you can hold 1-2 Bitcoin for 2024-2025.

If people can hold onto their bitcoins and don't go into a panic, they can make a lot of money in the next few years.
Most people can't hold on to their bitcoins for a while because they are carried away by the emotions of seeing market conditions so many of them sell their bitcoins at a loss.
Crypto users/investors themselves may still think about when to enter the market, so some people are still waiting for it.
If people weren't just waiting but also trying to buy some satoshi to check the state of the market, they could see a good time to enter the market.

[shinratensei_]

Kinda obvious that the current massive disaster of luna could gets some of these fund management companies and investment companies goes bankrupt.
After all, it caused tremendous loss towards most of the luna holders, and these investment company seemed to trust too much in luna that they could be shaken from the current luna disaster that more or less affect the other altcoins
meaning even their diversification becomes useless right now.

[jaberwock]

I think that they are just trying to change their investment strategy and when the market starts to recover they will reinvest their money. Or worst case scenario they shut down forever and don't want to reinvest in crypto. But even so, I am still optimistic about future crypto market conditions.

Why wait for the recovery before investing when this time was the best time to invest but It's up to them if they will shut down their company. They aren't the only two that invest on cryptos anyway but there are millions of us here and even without their help the market can still recover sooner or later.

I only don't know if a serious company like them can also do a fake out strategy, like what the whales are doing where they spread FUDs and then sell a lot only to dump this market more. Maybe that is also what they're doing right now. They want the public to panic, thinking that they got scared and ran away from cryptos. We should't let them take our coins.

[jeha2015]

What is going on with cryptocurrencies?
Is this a sign that the sharks are getting out of the market?
In light of recent events, do we seem to be entering the longest crypto winter in the history industry crypto.?

It's hard to judge the market right now, but I think the market is now getting to the point where crypto users/investors are thinking for the future, meaning changes to create new rich people in the crypto world, so pay close attention to the end of the year basar, maybe you can hold 1-2 Bitcoin for 2024-2025.

if we buy now and wait to sell till 2024 or 2025 maybe our inveatment reach new high in our portofolio value. In several months we were in bearish trend and now bitcoin and altcoin price hit monthly low which is be strong support. Next halving could be momentum for bitcoin price bounce.

[freedomgo]

We can only hope that this is not another exit scheme in place. We may pretend that their twitter account was Mal functioning or has been compromised. Let's wait for them to give us a report of what actually transpired that accounts for the deletion of tweets and unfollowing of everyone.

for those investors, yes, you can only hope that this is just some sort of bug or something. but high possibility that this is another exit scheme. they may have lost a lot during this bear season. but if alameda research is owned by sam bank friedman, then, maybe he is into something. i know he dedicates a lot of his income to charity so he won't screw his investors. let's wait what's gonna be the reasoning of this deletion of tweets.

Maybe we are going to believe that but also, we can't erase in our mind what happen to some projects that ended up an exit scam. It was already fresh to remember with Luna. People haven't thought that way at first but for now, they are more sensitive to that scenario and even more detective to what it happens on social media as this becomes an indication of what might happen next.
I guess, what we need to do is to get ready, not wrong to draw that kind of assumption rather than being surprised.

[Hold-n-play]

I wonder if the next FRC meeting in July could be a turning point if their rate change would be 0.5 rather than 0.75 based on July inflation report.

[TheClownSong]

Kinda obvious that the current massive disaster of luna could gets some of these fund management companies and investment companies goes bankrupt.
After all, it caused tremendous loss towards most of the luna holders, and these investment company seemed to trust too much in luna that they could be shaken from the current luna disaster that more or less affect the other altcoins
meaning even their diversification becomes useless right now.

their portofolio value right now decrease alot since luna crash below $1 from thousand dollar. they are shock with this accident and maybe psichologically will give impact to their performance in this bearish trend. moreover most altcoin decrease alot its price.  binance, 3ac could be example how much loss in their luna investment. maybe venture company now have more than 10 crypto assets and i am believe most of them have less value now.

[SistaFista]

I think some vc's gone wrong because the crypto market in this year is not good.
Bitcoin has going down already far from ATH (which was around $68k and now around $20k)
We should wait for the market to recover and see if there are some new vc's going into cryptocurrency.