X @s4mmy

Market Volatility & Leverage - The crypto market experienced a severe flush, indicating high leverage in altcoins [1] - The event is reminiscent of summer 2021, suggesting a significant market correction [1] - The market wipeouts serve as a reminder to avoid leverage and focus on long-term investments [2] Investment Strategy & Portfolio Management - The industry advises concentrating investments in assets with long-term potential [3] - The industry suggests shedding assets acquired based on FOMO (fear of missing out) rather than a solid thesis [3] - The industry emphasizes the importance of holding assets one believes in, especially during market downturns [1][3] Long-Term Outlook & Investor Sentiment - The industry encourages investors not to let short-term leverage blowups dictate long-term views [3] - The industry maintains a positive outlook, emphasizing patience and future rewards [3] - The industry advises checking on friends, acknowledging the potential for negative impact on many [2]