A person that is holding a "bag" of a particular cryptocurrency and has held it perhaps from ATH down to close to zero. They are at a point where they can hardly sell it due to the immense financial loss and emotional pain. The coins feel like a dead weight, dragging them down and sucking the colour from their entire life.
That most excruciating of market conditions that often occurs after a bull run and crash. It gives all the signs of returning to bull… only to stop after a 5% increase, flatline, then drop 5%, then rinse and repeat. As hopium kicks in and sentiment improves, it’s tempting to go all in again… only to be crushed in the pesky pincers of the unforgiving crab market. These periods can last for what seems like decades and can certainly clean out even the most savvy trader.
A DAO is an entity with no central point of authority. It is essentially a member-owned crypto community with a shared wallet and distinct token. Amongst other utilities, the token gives community members voting rights. Other key rules are written down in code and enforced by a smart contract on the blockchain. All activity is transparent and public.
The LINKED Collection
A snapshot of the web3 revolution through the eyes of 1000 artists.