Sentiment was great, reality did not cooperate.

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Discussion

The SuPeRcyCle isn't dead.

They just want more of our Sats.

Sentiment only matters if we are talking about speculative investments.

People even hold money (USD) when it's a losing proposition.

Last bear market Monero fell less than BTC. This bear episode it's stable/slightly rising. People use it and many need it.

Ignoring tail emission and a potential inflation bug.

But then USD has an inflation bug as well - it's called the FED.