Ian Wright

Up and down week


 


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The ups and downs in the markets continue. This week we had Bitcoin touching $32,000 launched from $28,000 but failed in its attempt to break that new resistance and fell back to the same $28,000/$30,000 area.

In the stock market also a week of ups and downs despite some positive news being conveyed by the FED.

Investors remain wary of the job creation data which was better than expected with the creation of 390,000 new jobs as the unemployment rate did not decrease but went from 3.5% to 3.6%.

Is it possible that the data offered by the FED are being manipulated to prevent the population from panicking?

I do not know if this is just in my mind, I hope so!

But well, what interests you without the cryptocurrencies and that's why I talk about everything else. 

What you see every time Bitcoin makes such strong movements in such a short time is that altcoins do not rise so well and fall worse (in general, not all of them). This sets us up for a future of a lot of risk for many projects but also a lot of improvements for users. 

Today there is too much trust from people in projects that have no utility, too many scammers wanting to take advantage of the unwary and this situation will end up "cleaning" many of them from the game (I hope so). We have seen very strange things with Terra and Terra 2.0, we see huge projects like Solana with the blockchain stopped every month, we see projects offering returns that are not sustainable and so a long list of points to improve.

But it can also be a good investment opportunity because some of the projects that exist today are reliable and will last in time.

If you liked the post follow me to see more like this!

Do not forget to follow all my advice if you want to lose your wife because you have put the rent money in "coins that are worth cents but can be worth thousands of dollars"

 

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The Crazy Dude
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I am interested in this new era we are coming into. I will post all the things I´ll found. @The_passenger80 follow me on Twitter


Cryptoworld by The Crazy Dude
Cryptoworld by The Crazy Dude

Initial nonfinancial advice for people who start their journey in this field, conspiracy news, and personal thoughts. 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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