Thursday morning, we woke up to Bitcoin at 22.6K and Ethereum above 1.6K, so far their first attempts at 24K and 2K have been futile. We also woke up with many news in the traditional press that spread fear (6K cases of monkeypox in the USA, military tension in the Taiwan area by China, China blocks imports from more than 2000 suppliers, if you are not vaccinated Covid you can have problems, etc...)
We have black clouds on the near horizon again and it seems that everything is perfectly organized again. The propaganda machine kicks into gear and bombards us with all sorts of bad news. This can only mean that something bad is going to happen and it will not be the fault of the managers, but that the culprit will be monkeypox or the war in Taiwan. It's just the opinion of a newly raised guy.
It is important to be very attentive to how the markets accept this news and how the situations evolve. The economy is already very weak and is still assimilating the Fed's measures, the markets anticipate it, but the economy needs to digest the measures to reflect later on the data as they have been stated. So we still have a few very difficult months ahead of us, in which there will be opportunities if we are attentive.
Do not forget to follow all my advice if you want to lose your family because you have put the rent money in "coins that are worth cents but can be worth thousands of dollars"
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This post was also published in read.cash by me, The Crazy Dude
