Greeting and Salutations!
I wrote a recent post on why and how to avoid being swept up in FUD.
A few weeks ago people thought we were off to the races, now they post about $15k BTC or lower (the same people who said we've already seen the low btw). My Opinion? Just ignore it.
I mean are you really surprised the Fed is going to stay the course after messing up so bad, and dealing with the political backlash? The key is inflation indeed looks to be falling, and yes it will take the economy with it to some extent, but that is almost irrelevant to crypto.
It's obvious the big boys are enjoying making you chase on the way up and dump on the way down, and keep the profit and your tokens. The long-term trend is highly auspicious, even if we have to face different FUDs at times. Just remember, some day the news will be supportive, but by then crypto will probably be much higher.
So just relax, go play Gods Unchained (it's the weekend tourney right now and here's a chance for 10 free GOD tokens: Sign up using with my referral code: GhgGsYwOnq on the website here https://godsunchained.com/account/register?referral=GhgGsYwOnq
It's a fun, yet challenging, game, so know you might get your butt kicked for a bit (at least it will take your mind off the markets). (It's only on desktop and you'll have to connect metamask, et al). You'll also get nfts and more gods for playing...and it's totally free!
Stay the course (assuming you are not a trader, and good luck with that!), and watch for some quality names at great long-term prices if we get a bigger sell off. A few years from now, we'll be telling the greedy newbies chasing the new highs the prices we paid in 2022!
There are a lot of challenges out there right now, yet we could have some positive surprises also...just don't count on the Fed as one of them this year. And the Chairman got what he wanted-a drop in asset prices without really having to do anything. (I would avoid leverage personally as it could move very fast for various reasons, up or down).
If you believe in the asset class just make sure you are at the right level of risk, then shut off the news and go for walk. Nature has so much to offer if we take the time to see it!
Me? I've been doing that and playing some Gods to stimulate the brain.
Find what calms your mind and focus on that, and like Rip Van Winkle you'll wake up some day to a whole new world :)
ps of course this is my opinion, I don't know anything more than these yahoos who pretend to be experts. Do your own research for only you know your situation, risk tolerance, etc. and besides, it's empowering to actually know what you are doing vs treating it like a lottery ticket. Just don't get lost in the woods...in the market or on your walk ;)
