This week was full of fear and bad news. Most people on twitter were posting about who else will be insolvent and that Bitcoin will go to 13k or 10k or even lower. Prices however were more or less consolidating on a low level. I do not know whether we might indeed go lower, but have the following thoughts:
1. Leverage and fraught in relation to DeFi killed some players
2. Price correction of many coins have reached levels not seen since many years
3. Some coins like Litecoin or Dash have little exposure to DeFi
4. I think some mining companies might go bankrupt because mining is not profitable and some have too much debt. This should have limited effect on prices
My conclusion was that buying old coins like Stellar, Dash, Digibyte or Litecoin here at these levels is like buying them in 2020 at levels before any Bull run. I will monitor developments closely as always.