As you can see this week BTC, ETH and BNB prices are being challenged greatly. BTC hangs around 19K and ETH struggles to pass it through 1.3k level.

Why is that?

Well, one of the man reasons for this is the macro-economy predicts the FED is going to continuously hike the rate in the early Nov. Plus the instability of the world events happening at the moment. Shorting from across the market would probably be a strong wave till FED is settled in next meet up.

I personally think that Terra's collapse, although that was a serious mistake from LFG, was an instrumental event that being triggered by the world affairs around us very closely. That means no matter how decentralised we are, crypto industry is still bound to the existing systems. 

Looking at the bright side however, it's a golden opportunity to pack the bags when it's low and as you can see countries are racing to open their own CBDC ( Central Bank Digital Currency ) to improve their low liquidity of its fiat system across the world. - Of course they can't just use BTC or ETH as their main payments, because what is the pride of their own nation and how do the top officials convince their own people that their national currency is no better use than other coins..... - Well, we'll leave that to countries themselves to decide!

CBDC is going to help the countries revive their own cash flow as its being used as final payment digitally ( like Russia is trying to implement), especially during these tough times, where even the wealthy's wallets are being burnt harshly by the dropping values of stocks and plummeting values of real estates. Basically, nobody is willing to spend more than they have to. The countries which implementing CBDC are recongising the potential of Crypto and the future of seamless payments digitally, and they wanted to create a gateway to take a cut, besides taxing the crypto gains already. 

This year, so many regulation policies are being discussed regarding crypto, partially thanks to the wake of USDT collapse, and SEC is stepping up their games too. You know things get serious when these happen, and don't forget when BTC first started, nobody in the "offices" paid attention to that.

Now, we shall prepare the rest of this year that we could still be in a bearish season, though I can sense that a lot of investors are moving away their funds from traditional market to crypto market even just partially, besides buying Bond yielding of course. Why? Just by staking or saving their crypto are already a pretty good shelter from getting hit by outside pouring rains non-stop.

And as always, this whole 2022 is just a season. People in great depression they would probably felt what we feel right now regarding the economy, 1929-1939 were probably some of the darkest years in their lifetimes. But then world still spun and songs still sang, well ahead to 21th century.

We still have so many years ahead of us, but only those who can look at this picture can really profits from investing.

*This article is not a financial advice at all, this article is opinionated. Know your risk while investing!*