NFA
Yes, I know, another day to forget in crypto.
The market is currently full of doubts, the BRC-20 and ordinals congesting the BITCOIN blockchain and, with this excuse, CZ and his Binance exchange doing their tricks stopping BITCOIN withdrawals and "implementing" improvements.
For more bad news, we have learned that an old acquaintance of ours, BITTREX, has filed for bankruptcy in Delaware...bad news for HIVE too since it was one of the few exchanges where HIVE could still be found. By the way, BITTREX GLOBAL seems to continue working with what all is not lost...
The market is "absorbing" all this bad news in a "sustained" way, BITCOIN has fallen by 8% in 3 days which does not seem too serious for what the "old men of the place" are used to... but more bad things will happen and it is that the scrutiny of the SEC is not going to leave a "puppet with a head"... there are those who say that the next to announce bad news could be BINANCE... and it will not be a stop for BITCOIN withdrawals, I'm afraid...
In any case, this leaves us incredible discounts less than 1 year to the halving, so I am taking them as an OPPORTUNITY and not as a PROBLEM.
Btw, I haven't said it for a while, this is not financial advice.
@toofasteddie
Yes the sentiment still is quite bearish out there. Not only Crypto but also on the stock market. The big R-word doesn’t want to go away. Well, you need patience too as an investor. So let’s wait and see.
PS: Don’t believe in a Binance black swan but who knows. 🤷🏼♂️
You are right, there is no good news in the market at the moment that could drive the market the way we are seeing the US government tightening up. has been causing people to stop doing business there and The way we saw binance closed the Bitcoin widraw its very bad news for the market.
The sentiment isn't the greatest but it's a perfect time to build a position if you believe in crypto. I am not going to because I am happy with my current positions though.
The market turned bearish due to some of the news that came out yesterday, I hope there will be a minimum impact from this news. we can only hope for good.