RE: Crypto: Building "Bear Market" Alliances.
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Excellent post on bull and bear market. You are very right when you say crypto is for tough people. I tell you in the bull market I get calls from people trying to buy bitcoin, and in the last bull everyone was buying hoping for 80k to 100k btc. Now that it pulled back nobody asks, the fear and greed index is at fear and this is exactly the right time to buy.
I believe we are very early in this space, there is trillions of fiat that is yet to get into crypto. DeFi is at an infant stage but the rate at which it is developing is phenomenal. I saw a video of someone predicting how ETH will overtake BTC in market cap for the things that can be built on it. Nobody can correctly predict what is coming but we know the future is digital so we keep hodling.
Did you see history being made last week, there's a new global monetary system coming in 2024. The BRICS have included Saudi Arabia, Iran and other countries too starting Jan 2024; 80% of world's oil will be under them and they wont trade in USD. There will be consequences on the USD and crypto that most people are not even aware of. Lets keep building this bear market and am sure the next bull market will be amazing.
Thank you for sharing and do enjoy the new week ahead as we get into September :}
This is to show that the USD will not continue or keep it's supremacy forever. A lot of innovations are being built to replace the older innovations and to be honest, crypto is an innovation that I feel has not even reached 10% of it's potentials.
Tbh, crypto is for tough people. I know the lots back then that we're waiting for 80k so they can sell at 100k, forgetting that they're not in charge of the price. These are people who jump into Crypto bandwagon when the price is good, just to make little profits, then jump out again when they can no longer make that money again.
I believe in keeping up the building momentum.
Thanks for the amazing comment, have a great week ahead too.