Crypto Weather Forecast - #27 My Portfolio is in Pain, but who cares it´s temporary
Howdy Folks,
I know I have not been the most positive baby on the blockchain lately, but remember that´s only temporary. Just as my losses.
The thing is, things ain´t looking pretty in the crypto-verse. Basically, there is no positive short-term perspective.
Interest Rates
Take those ever-increasing interest rates. They are just not high enough yet to cause a turnaround. Although we are seeing signals in the financial world that a lot of long-term bonds are being bought due to the high-interest rate. They are being bought in such high amounts that shorter-term bonds now have better interest rates. In general, that is a first signal that interest rates should come down.
That does not provide anyone a reason to invest their money in an (in)security like BTC. Because most investors are not DCAing, they need ROI and there is no ROI on an asset like BTC or crypto in general short-term. Well, probably even mid-term as there does not seem any reason to buy crypto before the end of this year, and possibly even before Q2 of 2023.
Bottom Line Forecast
So with no buying pressure and different FUDs exploding left, right and center e.g. the FED, Do Kwon, and regulatory steps there is only sideways or downhill for now. Hence I am not going to go: "oh this signal might indicate a bullish trend." No, we are down and more inclined to go down further for the next 3 months.
But at the same time, there is growth in wallets, there is adoption, and there is accumulation. Big players are cornering the market, getting their plans in place for the future.
So although we are hurting, bleeding, and in a lot of pain, like with almost any type of pain...it´s only temporary!
The Crypto Weather Forecast is my take on the crypto market, sometimes serious, sometimes sarcastic, often with a wink, and Always Honest.
Thanks for the read!
Give yourself a nice big tip and please hit that like button, it's one of the few free things in life!
Previous Forecasts:
Crypto Weather Forecast - #26 My XRP Dilemma, when to sell?
Crypto Weather Forecast - #25 The talking P´s did not impact the crypto market, not yet!
Crypto Weather Forecast - #24 Prepare yourself for a volatility storm
Crypto Weather Forecast - #23 ETH should drop to $1000 to be in line with its #2 position
Post Scriptum
Platforms where I Earn Crypto for my Content (Affiliate Links):
Torum - https://www.torum.com/signup?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
I do not have any connection with any company I am writing about. I am not being paid to write this article.
If you like my content, please hit like and subscribe. Because more Bitcoin baby Mistakes are coming......
Feel free to provide tips, comments, feedback, anything.....?
Remember that sharing will improve life in general!
Direct Donations are always welcome to keep me going:
BAT Tipping: https://www.youtube.com/channel/UCCW-PFikh6-VocGXA-mI7rQ
WAX: rx2r4.wam
BTC: bc1qdsrg7qaefxvel6hn6mjemjd4c8jjs40sasyvkp
ETH: 0x4216fEC23Ae7A7d9c46143Ce56C3e8f301F9868c
