1.1 Trillion injection after the first two injections of about 1.5 Trillion into the Fiat space...
The Markets respond, weakly on Thursday and, are now down heading to the close on Friday March 20th 2020
In response, the crypto market reacted and rallied over night to post big top 100 gains reported today.
Is this the Big Bounce to recovery now , or are we all heading over the cliff for America and the rest of the world to the market bottom?
Maybe in the scheme of things, this Friday's US injection only inflates the world money supply by about 1% or more , depending on whose numbers you believe, except that this money barely circulates into the Main St. economy as banks do what they do best, cover their reserve requirement and, cover their positions(exposure) in the fiat and bond markets, while competing directly with those whom which they also loan cheap money.
It's doesn't get any more screwed up than the above, really. :\
Now each US citizen will get some Tax rebate "crack" , US $ 1200.00 per person and US$ 2400 per couple (I guess this means married or common law, any gender mix), so maybe they will look the other way. Or will they come October 2020. (Hell when you have CNN praising Mr. Trump for his latest response, something smells really fishy..)
Games, Games, Games...
In the world of game theory, epitomized by our Stock Market gambling halls, big swings up or down in the market is where the real money is made.
Fortunes are being made and lost in real time as I write this post, while Main St. continues to languish and decline rapidly shifting production to hand santizer and medical masks. Really? Yup. Really.
In the Crypto market, we rebounded nicely today, about 10% across the board, a bigger bounce, by about 8%, much better than what has occurred across indexes of the fiat markets, a reasonable "holistic" view of markets which are these indexes, with the NYSE Index being as good as any to watch during this orchestrated market take down by the "wizards of finance", operating behind their bank and political operatives.
Per my previous post, expect a couple of bounces before we head towards bottom, before all of the structural adjustments in the economy, now taking place, actually kick in a few quarters from now to signal the real bottom and start of a recovery. How long we take to structurally adjust into an economy which actually has real price discovery is really 'up in the air', it will never fully happen, however more crypto use can help. (a move to the gold standard and metals backed fiat is also on many people's wish list). All of the above signals "Depression" a la 1929.
There will be a few winners concentrating wealth and power both in business and politics respectively and lots of loser citizens in all market segments in all countries, state, provinces and communities. We won't have a clear picture of the 2020 Market Crash "Shenanigans" and what the bottom of the market really looks like now underway in the Fiat markets, with crypto markets doing their own version of "sideshow Bob" for at least a couple of months.
What is clear to me is the smart money in crypto are rapidly moving out of Top 200 "Shit Coins" and aggressively in behind clear value TOP 100 coins and tokens, grabbing up such value when the opportunity presents, causing "bounces" up and along the way, until "they get what they want" around the current low price.
These Whales and small smart crypto investors then step back, to let the "Johnny come lately" lemmings rush to buy in to drive their new favourite "value" coin or token to a temporary bounce peak, then only to have the peak declared (by mass media) based on the latest FIAT peak bounce
Next Step in human nature? Flight or fight?
On the day of that announcement (bounce peak is over), probably sometime end of next week, when the mass media screams for more help (at the bequest of their masters) expect to see the same "day trading" lemming speculators "sell off"as fast as possible, engaging the herd.
The Herd: Stampeding again to get away from Danger , kills the bounce.. - Hodlers Rule?
Those "hodlers on the fence", will imo, also jump in and also sell off, to the eventual bottom a week or month or so later, some rapidly jumping in and selling off to terminate the peak of the latest bounce and, the rest of the "fence sitters" in systematic "stepped" sell offs, to re-align behind those coins easily purchased (mainly through ERC20 in the #ETH space) when migrating from a shit coin play that has been unable to execute in a reasonable amount of time to deliver their value to market, to those coins or tokens which are actually delivering there value now.
Common sense right? This observation on my part is 'Hind sight", for sure, but do the lemmings and the rest of the herd ever learn? Likely not, which is exactly what the Whales and smart investors are counting on, herd short term memories, dulled by "get rich fast" FOMO instincts.
To the Hodlers, I say hang in there for the next year or so, and watch for buy opportunities in the summer, when buy & sell volumes are a bit lighter, buying or selling randomly in small amounts.
Where are the Value Buys in Crypto...
As for value, I can't help myself, Brave is changing the world of online advertising, chipping away at Google Advertising , so BAT is personally on my accumulate list at any price over the next few months :)
Until then, patience.., don't be fooled by this latest big bounce, unless you are aggressively drinking coffee to stay up and play the day trading game with great DAY TRADING SOFTWARE..designed to receive multiple central and distributed exchange information market price feeds.
Be Safe
TK over and out!
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