RE: Where are we headed

Ok, my subjective point to all that 😎
The fact is that crypto is volatile, which means it will go up and down constantly. The question that arises is, where are we now? Are we at the bottom and about to start climbing again, or are we not at the bottom yet? I am neither a prophet nor a financial analyst, so I cannot offer a real answer, but who can? I am not too worried because I have seen it all before.
My main guideline is that I HODL most of the time, I do not sell anything. But I do think that DeFi has opened up some new spaces in the crypto world and that it will, or has with these technologies, mitigated an even bigger drop in all the major cryptocurrencies. What will happen in the short term? If we have reached the bottom it will go up, but if we have not we will be stuck for a while. 😁
But if we look at the bigger picture, not just from a financial point of view, we have to assume that these falls and rises in value are relative to fiat money and that the true value of cryptos will be determined soon, using all the new technologies behind buzzwords like decentralization, power of stake, Defi, power of governance, anonymity, inability to censor and so on.