Friday Market Musings | 4 | 2023
Friday Market Musings | 4 | 2023
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Crypto is dead! It's alive!
It's a simple fact, we've lived in a black crypto world for a long time, and this bear market seems to have a never ending feeling. The interest that was at the top of the bull market has waned and people are all saying the same thing again, "Crypto is dead". In the bull everything is rosy, and in the bear everything is black. Welcome to the fast-paced world of crypto! But while everyone is still sleeping, or looking for other activities to pass their time, the bear market seems to have finally come to an end. Nice, you would think. Because while the bulls gather their strength to take over the market again. does the dormant population of the crypto world still declare crypto dead! Or would smart investors still be hiding in their holes, waiting for the right time to strike.
We now know better than anyone that the crypto market is like a rollercoaster. It is full of highs, but certainly also many lows.
Okay then, of course you want to know if I'm telling the truth here. I can give you a link where I get the wisdom that the bear market seems to be over. Naturally! That wisdom comes from Glassnode, if they are wrong, then I am also wrong. But the fact is, the crypto market is never really dead. It is a constant evolution of technology and innovation, and there are always new projects and startups coming along to shake up the market.
And as always, there are those who see the change as a threat and retreat, and there are those who adapt and advance.
The current bear market was no exception and forced many investors to reduce their positions, but it also laid a solid foundation for the next bull run. Because as the saying goes, "what goes down must come up".
And of course we all know: "Buy the dip!". So, while the world is still sleeping and declaring crypto dead, there now seem to be signs that the bears are slowly being forced back into their dens, which would mean that the bulls can get ready again. going for another bull run.
To all of you I say, sleep on as the crypto market slowly wakes up from hibernation. Crypto is not dead!
Stop! Don't get too enthusiastic!
But despite the fact that crypto is not dead, it is still good to warn against too much enthusiasm. Why? You could currently compare the rise of Bitcoin to catching up! And takes us where we would have been had we not had the turbulent period with the FTX drama. So even though Bitcoin finally seems to be making its way back to the top, it's not automatically good news for us. Perhaps we might be a lot further along now if the FTX drama had never happened. We can't change that anymore, so let's focus on the future. And it looks good, right? Or does it perhaps look even more difficult than we think?
We all know that the FED plays an important role in the economy. And their actions can have major consequences for the value of bitcoin. Even if we don't want it, it's not inconceivable that the FED has a few more surprises in store. We know that the FED has proven time and time again that they are not afraid to take big steps when it comes to influencing the economy.
So while we now confidently watch the rise of bitcoin, it might be wise to also keep an eye out for what the FED has in store. And that is a thought that is not exactly comforting. Especially if you read the next article. Now, of course, this is just one person saying this, and it currently seems that all is well for crypto. It is and remains good to realize that there are a number of uncertain factors that can influence the future of bitcoin.
It was my MOM!
And finally, I foresee a lot of jokes about "Your mother" again soon. Of course, this has everything to do with Sam Bankman-Fried's mother. It has been announced by the FTX lawyers that Sam's mother refuses to cooperate with the financial investigation. A woman with balls!
But is it wise? That is doubtful. By not cooperating, she, along with Sam's brother, will be subpoenaed. After all, his mother and brother were known as Sam's "advisors".
So if you want to run another project, and think about rugging, put your mother on paper as an advisor, that way you can always say:
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Good one as ever! Lets hope its all on the up!
Hope for the best is all we can do. I don't assume that any one of us is big enough to influence the markets.
lol we wish....
I just started looking into your community, and my interest has been sparked.
Not only is SBF's mom not cooperating, their home is on Stanford U property, so SBF's parents own the building, but they lease the land it is on, and the building can only be sold to Standford U faculty.
No idea where the FTX debacle is going to go.