
Everyone was hoping Bitcoin would not break the $20,000.00 support line, and yet here we are with Bitcoin at a measly $18,600.00, well below what most negative people like myself thought would happen. Interesting times indeed. Well, there go my hopes of paying off my debts with crypto, I just hope my creditors give me some slack. Fortunately it is not a huge amount so I think I am good if I can come up with some sort of solution. But what is life without a little excitement.
But really, things look bad, the market cap is at $932 billion USD, and I fear it will go below 900. This is bad because confidence goes down the drain and right now people, who are thinking how to survive the dire straits all economies are in will be most reluctant to invest money in crypto and no money no honey. Of course I do believe Crypto will make a come back, but by then only people who can afford it will have any type of holding and we are back to the old axiom, it takes money to make money. Better said the big old whales are the ones who will cash out. Because let's face it would you rather eat or HODL your Crypto?
So I see a few months of bad news for Crypto, unless we have some other types of good news, like an end to the war (very unlikely) no climate challenges (extremely unlikely) jobs galore (again unlikely) or we hit some sort of panacea where ordinary people all of a sudden find themselves flush with cash and invest a lot of it in Crypto (this is the most unlikely of all).
So I, for my part will have to try and make real money in the real world, perhaps three card monte is an option but my essential tremor makes it iffy. Well I could go back to being a pool hustler, thing is my eye sight is not as good as it was and I have all sorts of pains. Why not get a job you might say? Well at my age that is highly unlikely plus I am not to keen on working, better said I am kind of lazy. So i will just keep rooting for a sudden change in Crypto's fortunes.