Crypto Weather Forecast #15 - Everything will be Alright

Well, This baby is back!

I got some good and some bad news.

I expect BTC to go below 19K this weekend, with Grayscale not getting their EFT approved and the FED still planning to increase the rates there is very little positive news that can push the price up short time.

On the positive side, these bear markets do not last forever and whales have been accumulating aggressively (BitcoinBabies too). Once the world accepts the global recession it normally means we already had the worst part.

Now there are 5 stages grief you probably now them. But when I was looking at those stages it seems to me that the crypto merket goes through the exact same stages when moving from bull to bear market.

The five stages – denial, anger, bargaining, depression, and acceptance –

And the fun fact here is that those often show up in the crypto-verse and that all other markets follow.

Denial

Denial, we´ve been there. It started in October 2021 when BTC went up to a new All Time High, but once that ATH was reached the general opinion was that 100K was next.

Even when we went down as a brick the market was in denial, we would see an extended cycle! We were all waiting on an extended cycle....that never came. If that is not enough to trigger some anger there was more.

Anger

Anger, we are just past that stage. The anger started and it wass the period of initial strikes globally and where people really feel the impact on crypto and then got cheated by Terra & Celsius.

Bargaining

Bargaining, this is when everyone takes to the streets and politicians try to find a half-baked solution.

Depression

Depression is what we will see after the summer, when everyone gets back to work and is paying top dollars for the cost of living in poverty. Or what they consider poverty compared to a year earlier-

But once you accept your faith and accept the so-called poverty, that is when you have reached the bottom. When you are getting up again, it´s when the long journey of slow improvements starts.

Acceptance

We will reach that acceptance state from say the end of 2022, nobody will expect 2023 to bring any relief. We are all doomed and then....little rays of sunlight will appear. Clouds slowly will part and markets will look green as the very young grass we will see in March.

Hence enjoy the depression and hold on till Christmas because like Uncle Bob used to say, "Every little thing is gonna be alright?

This is a true bear market, but not a true recession. We are in this mess because of all the money printing during that Covid Period. There is just too much money and it will need to be integrated into the modern economic society.

Over here in the EU unemployment has not been this low since World War 2, something that totally goes against the standard idea of a recession. The world just needs to adjust to increased prizes and labor is always one of the latter to be increased, but it will all calm down in 2023..... if no crazy poo happens.

Have a lovely day, remember that hitting the like button is one of the few free things in life, and hope to see you tomorrow.

Previous Forecast:

Crypto Weather Forecast #14 - I Had a Horrible Day

The Crypto Weather Forecast is my daily take on the crypto market, sometimes serious, sometimes sarcastic, often with a wink, and Always Honest.

Post Scriptum:

Platforms where I Earn Crypto for my Content (Affiliate Links):

Torum - https://www.torum.com/?referral_code=bitcoinbaby

NoiseCash - https://noise.cash/u/BitcoinBaby

ReadCash - https://read.cash/r/BitcoinBaby

Hive - https://hiveonboard.com/?ref=whywhy

Peaked - https://peakd.com/register?ref=whywhy 

Publish0x - https://www.publish0x.com?a=l9avg4xnbG

Exchanges I use

BitVavo Exchange - https://bitvavo.com/?a=C21A94C2FD

Kucoin Exchange - https://www.kucoin.com/ucenter/signup?rcode=rJ821BX&lang=en_US&utm_source=friendInvite

Bitmart - https://www.bitmart.com/en?r=7XFCVy