Bear Market Diary 2023: Yellow Interview
By @piratebeachbum - Analyzing The Bitcoin Bear Market Series - Volume 20
Name
Yellow
Country
Greece
How do people know you?
That weird puppet on twitter that makes memes.
How long have you been into Bitcoin?
Let's say that Karpeles was still fat.
How many Bitcon market cycles have you been through?
3
What are you optimistic about in this space despite the current state of the market?
That in the end, Hodlers don't give a fuck.
What tips do you have to those who are new to this or who might be upside down?
Do what you wanna do but always be critical of what you are doing. Check yourself. It's very easy to lose your way in this thing.
Biggest regret during the last bull market?
Not stacking enough during the last bear one.
What have you learned so far in this bear market?
That you can always find some side job in order for you to stack more. Just shitposting is fun, but get out there and get those sats! It's the bear market, son! Are you winning?
What is the biggest fail you have seen during the last bull cycle?
Raoul Pal's shocked face when he learns the price of Luna after the rugpull.
What do you think about all the influencers promoting companies and products that have imploded?
The key word here is ethics. If they are just doing it for the gains, that company will implode in the end and together with that their reputation.
Why do you think people still listen and support these people?
Social web. Money.
What do you think helped trigger the current bear market?
The top of the bull one.
Who was most exposed during this last market meltdown?
Lending shit projects.
Why do you think memeing is important in Bitcoin?
It isn't. It's just cool.
How do you feel about memefluencers?
It's all theater in the end, a story. Roles we choose ourselves and others chosen for us. It does get messy when the role you choose to play ends up playing you.
What is your favorite meme you have seen lately?
That Sam ftx "freaky" meme.
What are your thoughts on Bitcoin Maximalism?
After all those cycles, it becomes the only true road it seems. "Crypto Modernity" is so cringy and fake.
Why do you think there is a narrative to demonize Bitcoin Maximalists?
More wiggle room for non maxis to sell crap, obviously.
What kind of damage do you think the radical price drop has done to buyer sentiment?
That damage is defined by you and how you act after that drop. Are you gonna be one of those that just…blame? Or are you gonna have the discipline to stick with the plan and keep on stacking?
Do you think this latest little pump is a sign the market is turning around?
Yeap. The Prophecy happened. Again. Now it's being fulfilled slowly. Little green steps.
What are your tips for HODLing Bitcoin through this cold bear market winter?
In a space that everyone loves to identify as Neo, you have to understand your inner Cypher. Holding isn't easy. That blissful fiat steak does look tasty indeed. You have to understand what you're sacrificing to really appreciate it.
How do you feel about alt-coins and NFT’s and stable coins right now?
They all have points of attack, points of control by a third centralized party, points of potential rugpulls.
What are your thoughts on ordinals?
It's an agreed illusion between participants, there is no true consensus.
What do you think about the collapse of all the sketchy companies and shitcoin peddlers like FTX, blockfi, Celsius etc?
I hope that all those people that lost their value with those crooks finally understand that only Bitcoin doesn't bullshit you. Hop(e) on!
Do you think anyone will go to jail?
Doubt it. *insert any lawyer joke*
What is the best way to accumulate Bitcoin during a down market?
Stop "hustling". There is no easy way to gain value. And if there is, it's because someone is getting hustled on the other end! Instead, proof of work! Get an extra job. Be creative. Be a beast. Don't sleep. Drink redbulls. Do the work.
Any tips you want to give to people new to Bitcoin?
Welcome. Please fasten your seatbelts and keep your arms and legs inside the vehicle at all times.
Any last words of wisdom?
The Jester isn't the joke. Peace ✌️
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