Editor’s Note: This article is based on the opinions and remarks of Twitter’s big V on the current encryption market, compiled by Odaily translator Katie Ku, which contains bitterness, chicken soup, and heart boosters. It is for reference only. Readers, please do not use it as a basis for trading, DYOR (Especially under extreme market conditions and large fluctuations).

1. Binance founder CZ:

If you think only cryptocurrencies are volatile, look no further than stocks. -84%, -72%. That's not to say it makes things better for cryptocurrencies, it's important to understand risk management.

We need to respect the market, and leave the rest to the market and time. Ultimately, we need to get back to fundamentals. Create real products, not relying on short-term incentives or promotions, but intrinsic value that people use. Markets go up and down in cycles.

Remember, where there are sellers, there are buyers.

2. FTX founder SBF:

Markets don't fall because of rising inflation. Inflation happened not too long ago.

The world "realizes" that inflation has happened --> interest rates go up --> inflation goes down --> markets go down.

3. Barry Silbert, founder of Digital Currency Group:

In this market, I would rather own Bitcoin than anything else.

4. Zhu Su, co-founder of Three Arrows Capital:

Several aspects of our industry were stress tested this week. I also see a similar feeling to March 2020. It feels brutal right now, but it will get better.

5. Cathie Wood, founder of ARKinvest:

After the tech/telecom bubble burst, stocks sold off because the "dream" would not become a reality for 20-25 years. Genome sequencing, adaptive robotics, energy storage, artificial intelligence, and blockchain technology are all realities, and their stocks appear to be in deep value territory.

6. Richard Chen, general partner of 1Confirmantion:

Last year, many mercenary founders got the wrong information from VCs (Ethereum NFTs are bad for the environment, DeFi competitors have XX problems, etc.).

In a bear market, when the tide recedes, you will know who is swimming naked, leaving the real founder and the product that is really used.

7. David Hoffman, founder of Bankless:

This is part of the market cycle where newcomers either learn the value of decentralization and censorship resistance. Or they leave and then come back into the next bull market.

8. Alex Svanevik, founder of Nansen:

Sometimes it's easy to get caught up in the binary thinking: "Should I sell it all or hold it?" It's important to remember that you still have a choice. Usually better than doing nothing.

9. Alex Atallah, co-founder of OpenSea:

Micro-pessimistic, macro-optimistic.

10. Fred Ehrsam, co-founder of Paradigm:

His 2018 article on "surviving crypto cycles": "Cycles are not good or bad, they are natural. Excitement at the peak offers the world the chance to dream real. Despair at the nadir breeds practicality and clarity." Markets are irrational in the short run, but not in the long run."

11. Dan Morhead, founder of Pantera Capital:

I think Bitcoin may soon decouple from other risk assets. Bitcoin has gone through many boom and bust cycles.

Here is the average drawdown (weighted by market capitalization) over the last 5 periods: -61%, 169 days.

Current bear market: -56% over 180 days.

12. The Jiho.eth, co-founder of Axie Infinity:

Today was an absolutely brutal day for the crypto world. As an industry, we still have a long way to go and a lot to do. I'm not saying this bear market will be like the last one, or even that we're in a bear market.

I want you to know that this kind of volatility is normal in cryptocurrencies. It is the fertilizer for future growth. It stinks, but it's necessary. It's part of the process.

Looking back, the last bear was what we needed: it made us strong, it brought us together, it gave us new perspective. We have the funds to continue building for another 10 years. We are ready.

Many projects will die, but we will survive.

13. Ryan Selkis, founder of Messari:

We just lost $40 billion in assets, not too big to fail. I'd rather choose a ruthless, anti-fragile system than a "safe", "regular" system.

You might have a few months to buy around this price, assuming they hold their value.

14. Robert Leshner, founder of Compound Finance:

Encryption Fight Club Rule NO.1 - Live first.

15. Hassedb Qureshi, Managing Partner, Dragonfly Capital:

4 lessons learned from someone who lost a lot of money (not me):

(1) Humans are resilient. The speed we are used to is surprisingly fast.

When you've lost everything, the first night feels hopeless. Feeling depressed the next day. The week ahead feels manageable. Next month, you forget you even lost it.

(2) There is no free lunch in the world. Every time you think you've found an easy way to make money, chances are you're missing something.

(3) When you lose money, what you are left with is your skills and knowledge, which only grow.

Much of my knowledge and experience comes from my past failures. The person who fails the first time has no chance at all.

(4) You accumulate real wealth by doing things you love. Because if you don't love it, you'll give up too soon.

Cryptocurrencies have died too many times to count. I know a lot of people who got in early, lost confidence, and left.

16. dYdX founder Antonio:

The market affects us. We cannot ignore it, it will be painful and it may force us to change our mindset for a while.But what doesn't kill us makes us stronger.

The market will come back, and despite the noise and uncertainty, we'll stay and build.

17. Frank Chaparro, founder of The Block:

People are still dealing with this, but this is crypto's "Lehman moment".I heard that many funds may go bankrupt due to the collapse of LUNA.

18. Luca Netz, new Penguin boss:

Fat penguin hold on! We are the fattest!

19. Gabby Dizon, co-founder of Yield Guild:

If you are losing money right now, take a step back, keep your capital, and keep a sane mind. Mental health comes first.Don't invest more than you can afford to lose, instead devote your time and energy to the protocol, earning cryptocurrency.

20. Gabriel Shapiro, General Counsel, Delphi Digital:

Sadness begets joy.

I too will join the ranks of pain. Yes, my after-tax net worth in Terra is negative.

Oddly enough, although I'm a very pessimistic and easily depressed person, I just don't seem to get depressed about it. Not sure why, but I guess it's a good sign.

21. Bitfinex CTO，Paolo Ardoino：

If you want to continue HOLD, there is still a long way to go.

22. Steven, Principal Researcher at The Block:

I don't care about your Crypto.

23. Bankless by Ryan Sean Adams:

UST is trying to penetrate every corner of DeFi. Fortunately, we removed the "cancer". If it spreads at this speed, it may already be late.

24. Adam Cochran, author of The First Wealth Code for 2022:

The worst part about a market implosion is that a drop, whether it's a scam or leverage, ends up happening only out of desperation.

The traditional economy is so bad that most people feel the only way to "succeed" is to put everything in digital assets and leverage.

Unless the fundamentally broken socioeconomic system is fixed, they'll always come back to chasing something as high as a risk level 11.

If regulators really want to protect the public from get-rich-quick schemes, the best way to do that is to focus on improving all equity and access in our economy so people can actually get rich.

We also have to ask ourselves why so many people feel the need to gamble so hard that they ignore every warning.

25. The CEO of digital asset algorithmic market maker Wintermute sent an internal email to all employees:

Get ready for winter.

26. Arthur Hayes, co-founder and former CEO of BitMEX:

in himlatest articles“A 50 basis point rate hike expected in June will continue to weaken long-term risk assets... I would step in at $20,000 for Bitcoin and $1,300 for Ethereum.”

27. Packy McCormick, a16z Web3 advisor and founder of Not Boring Capital:

VCs tell former founders to tighten their belts.

28. FXT investor High Stakes Capital:

see more.

No. 2 holds the spot and is now on the leverage.

29. Woody, partner of Ever New Capital and partner of 168 Club:

The veteran died of bottom-hunting, went numb, and continued to lie flat.

30. Chris Burniske, Partner, Placeholder Venture Capital:

• 30% probability: BTC 25K & ETH 2K6

• 25% probability: BTC 30-33K & ETH 2K-2200

• 35% probability: BTC 27-29K & ETH 1700-1900

• 30% probability: BTC ~22K & ETH 1400

31. Nic Carter, Partner, Castle Island Venture:

This is really over.

32. The Syndicate angel investor jason@calacanis.com:

Cryptocurrencies are going into winter. Liars and incompetent people can no longer make quick money. The owner of the Wenzhou leather factory is going to run away with his sister-in-law.

Now only 1% of legitimate founders of Web3 can create real value from the ashes, similar to the situation after the dotcom bubble burst.

33. JAI BHAVNANI, founder of Rari Capital:

This past week has been wild for everyone in the market, especially cryptocurrencies. Mood is low.

This is when the real builders come alive. This is when they thrive. The crypto summer of 20-21 was made possible by the efforts of crypto market builders from 2018 to 2019.

34. Degentraland, former Goldman Sachs employee:

When I was 16, I hooked up with a girl at school and she told everyone at school. In contrast, the market hurt me more this time.

35. First Star Venture VC，Drew Volpe：

For a long time, BTC is the stable currency.

36. Arthur, DeFiance Capital investor:

If there is another bull market, let's stop just saying "UP".

37. Joel John, head of LedgerPrime Digital Assets:

I was there when Mt Gox (happened). Crypto market cap was ±10% at the time, but the panic was much slower. From December 2013 to February 2014, the story became a reality. Obviously, this is going to bounce back, but it's pretty entertaining.

38. KALEO, co-founder of LedgArt NFT project:

Once the FUD finally eases, it should hopefully open the door for a small rally towards the end of the week.

39. Chartered Financial analyst freshjiva:

The number of companies now trading at less than net cash has reached a post-bubble high in 2000.

I use the strictest calculation: (diluted shares ✖️ price) / (cash and equivalents - total liabilities).

We are getting closer...

40. Crypto market analyst Onchain Wizard:

Let me just say it straight, the short-term investment options are:

(1) Those who hold cash are facing 10% + inflation;

(2) The stock drops by 10% every day;

(3) Own tokens drop by 20%;

(4) Holding unstable stablecoins can drop by 40% in one day.

41. Moon, a well-known cryptocurrency trader:

I'm probably bullish in any case right now, maybe we're bouncing back just because the selling pressure is over now, but overall the market looks bad and this implosion will have ripple effects for weeks, months .

42. Telegram group Benson's Trading trader DeskBenson:

15% of the bottom was bought, and the rest waited for a strong rebound before buying.

43. Information security engineer, ratwell0x NFT art creator Tetranode:

secondary title

Other Crypto KOLs

44. Cobie：

Like the bear market of 2014-2015.

I think Ethereum and Bitcoin will reach new all-time highs in the future. But the same cannot be said for other coins. I think many of them will fall by another 95%, and the locked-in valuation is still ridiculously high.

Reserve as much firepower as possible, ditch your "peak net worth" in your head, and make a plan for the future. You can't win if you don't bet, and you can't gamble if you lose all your money.fasten your seatbelt.

45. 0xSoro：

Go with the trend.

Looking back on 22 and 21 years, we have been tossing and tossing constantly, and the result is frustration in size. Losing money and earning money is better than having nothing. All the food is DeFi money. Slowly convinced me that everything that makes money is the result of the times. On the basis of ensuring and improving the living conditions of myself and my family, I will continue to toss, becauseTossing is easy to return to poverty. This should be a common state of many DeFi players. Little did they know that the gift from fate had already been secretly priced.

46. Fiskantes：

Losing all your money is not the end of the world. Even lose more than you have. Don't be stupid.

47. Merit Circle DAO enthusiast Pentoshi:

Turned bearish. BTC may be in the range of 19-24k in June.

48. NFT thinker and well-known NFT collector Punk6529:

Now we need to find out which funds are "investing in technology" and which funds are actually "FOMO momentum traders".

49. Host of YouTube channel "MMCrypto":

Stablecoins can be unstable, but Bitcoin is indestructible.

Every time Bitcoin goes down, I'm long 9x. Once the transaction fails, I reopen a new one at 9x. Three failed trades took us below $20,000.

It's a matter of time, catch the bottom to da moon!

50. Emperor, the keynote speaker of the EmperorBTC Channel trading telegram group:

If there is one piece of advice for you, it is not to try to buy the bottom.