Partner at crypto-focused venture capital firm Placeholder, was still able to find a silver lining.
Earlier today, Burniske tweeted that one good thing about the current crypto bear market is that it gives investors a second chance to buy those cryptoassets they regretted not buying (or buying more of) during the crypto bull market (which came to an end last November).
On the bright side, you get a 2nd shot at everything you missed, and at prices you would’ve pinched yourself to get when you were busy kicking yourself for the miss 😂
— Chris Burniske (@cburniske) June 13, 2022
Although Burniske’s comments might come across as a bit cruel to those crypto investors who are currently nursing large unrealized losses, it is worth bearing in mind what Robert Kiyosaki, the highly successful author of the “Rich Dad Poor Dad” series of personal finance books, said on May 12:
Why CRAHES are GOOD: Rich dad taught his son and me “Your profit is made when you buy…not when you sell.” Bitcoin is the future of money. That is why I will back up the truck when the bottom is in. It may be $17k or even lower $11k. Time to get richer is coming. Take care.
— therealkiyosaki (@theRealKiyosaki) May 13, 2022
On May 20, Roy Blackstone, Founder of Solstarter, which is an IDO platform for Solana, tweeted about the importance of having diamond hands in times of turmoil:
It’s gonna hurt.
— Roy Blackstone (@fillbeforeshill) May 20, 2022
You will be tested, you’ll wonder if this industry is really worth anything at all.
You’ll want to quit a hundred times.
Most friends will give up & go back to their old lives
But…if you can hold on and believe in yourself - you really are gonna make it. https://t.co/RDrxjyK45D
And yesterday, Mike Dudas, Founder and General Partner at NYC-based venture capital firm 6th Man Ventures, pointed out that although the crypto market looks pretty bad right now, “fortunes will be made on reversal.”
$eth about to crash back through 2018 high, other l1's nuking
— Mike DAOdas (🏌️♂️, ⛳️) (@mdudas) June 12, 2022
i don't know where it stops, but once it does, fortunes will be made on reversal
amazing how much has been built since 2018: defi, nft's, web3 networks, p2e gaming, dao's, stablecoins, etc.https://t.co/T2pgUJTKzJ
