The tweet was deleted by the author.
But we saved everything 🙂.
Adam Livingston describes how Bitcoin bear markets profoundly affect investor psychology.
He explains that repeated experiences such as 70% drawdowns, exchange failures, miner capitulations, liquidation cascades, regulatory actions, and skepticism from relatives force investors to abandon expectations of comfort within the crypto market.
View post on X Loading...
Livingston has previously highlighted that Bitcoin holders have withstood severe market drawdowns and exchange collapses in periods of significant stress, as described in one earlier analysis. He has also commented on the impact of inflation, noting that a 3.7 percent U.S. rate can sharply reduce purchasing power over two decades in a separate article. These observations provide context for his views on the long-term challenges faced by crypto investors.