Wait-and-See

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1 year ago

In 2023, many people have indicated that there will be a recession storm. No exception for the two richest people in the world, Elon Musk, and Jeff Bezos, who usually disagree on everything, this time they agreed that there would be a recession storm next year. Two major forces that are indications of economists of the possibility of a recession storm are the crisis problems that happen in European countries and also China which is also affected by the crisis on their economic conditions.

With forecasts and various views on the economic conditions faced by the global economy in the next year, of course, it will greatly affect the conditions of various investments that have been running in the future. The market was turbulent with sluggishness without exception in various ways.

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Crypto, which is one part of the current economic existence, has not yet shown its best performance. Where the range of crypto market values ​​is still a worrying position. Maybe 2022 can be said to be the year of the crypto bear and the conditions are the same as what happened in 2018.

From the views of experts who predict the problems faced in 2023, a question arises whether crypto can be one of the mainstay alternatives in the midst of the conditions that occur. Even though in conditions in 2022 crypto is experiencing conditions that are also affected by the current economic problems. So that it even makes investors from several institutions withdraw their investments in order to maintain the possibility that will occur in 2023.

Even though 2023 is an odd year that is usually the year of a revival in the crypto market, it remains a big question whether crypto can beat the recession storm problem it faces if it does happen. Even if you see something else from the halving condition, it means that there are still 2 more years of waiting for a big revival in the crypto market.

Image by Mediamodifier from Pixabay 

Optimism and perspective in making wise decisions are very much needed in today's economic conditions. Where dare to take a speculative attitude is not recommended, so as not to experience economic problems for each individual later. The term is that even if there will be a recession storm problem as predicted, it will only have an impact like a parable which in a minor car accident, only has a fender bender condition. However, for some people who already have alternative coffers of financial income, it may not be a big problem despite the current global economic conditions. Especially for whales in the crypto world, this is the time to collect and add to their crypto coffers. As the accumulated value of the whales, they see it as the right moment to buy for their future wallet savings.

So in a wait-and-see condition like this, what cryptos have experienced this year may indeed be difficult to be able to set new record highs, but what must be remembered is that there will always be the possibility of stronger positive sentiment and able to push crypto price movements at any time. later. As a reference value will also be the condition of crypto's journey in dealing with the problem of the recession storm that will occur in the end.

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The condition of our country is also terrible. All commodity prices are increasing at an upward pace. Compared to that people's income is very less. Many fear famine in 2023.

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1 year ago

I also heard a lot of bad news on that topic. 2023 is really going to hard year as the unbridled price hiking on everything is just growing on. I think there is going to be fall of cryptos in 23 but still I am holding my cryptos.

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1 year ago