ππ«π²π©ππ¨ πππππ‘ππ« π π¨π«ππππ¬π Well, that was fun...guess all our portfolios are down about 10% today and in the short term I do not expect a lot of recoveries. Not till next Tuesday. Why? Because by then it will be clearer if Russia is really pulling back from or pulling into Ukraine. My personal analysis says they will pull back, simply because there is not enough money to be made by a full-scale invasion. But even if they invade it will take the financial markets less than 6 months to recover, the people living and fighting there will probably never recover. The real uncertainty is the rate hike and the US cracking down on crypto....this can have a long time effect. But with Russia opening up to crypto and millions of Americans owning crypto the US can not lag behind. In addition to that the CEO and founder of leading blockchain venture fund Pantera Capital, Dan Morehead, stated that digital assets will be the βbest placeβ to store capital following the potential fallout of interest rate hikes from the U.S. Federal Reserve. βWhereas blockchain isnβt a cashflow-oriented thing. Itβs like gold. It can behave in a very different way from interest-rate-oriented products. I think when allβs said and done, investors will be given a choice: they have to invest in something, and if rates are rising, blockchain is going to be the most relatively attractive,β he said. So if I donΒ΄t make money these next 6 months I expect to recover easily in the next 18 months....as I mentioned often Crypto is all about patience. #crypto #dip #bitcoin #cryptocurrency #BTC
4 comments
Thanks for the clarification my friend, how much I hate wars
Same here
I totally agree. The only thing that is keeping the BTC from shooting up is the mixture between ignorance and fear of a large part of the world's population of these new assets. Personally, I see it as positive since we can continue to accumulate sales.
"..... as I mentioned often Crypto is all about patience." Yep. And I wouldn't worry too much about US government attempts to "regulate" crypto. The more stupidity that comes out of organizations like the SEC, (that fine they slapped on BlockFi is outrageous!), the more wealth will leave the country, never to return.