Bienvenidos mis ositos, tu siempre eres mis queridos! (Welcome back little bears you are always my dears!)
Traveling at the speed of love
Hey yo kids, what's up
Remember when I used to be dope, yeah
I owned a pocket full of fame
But look what you're doing now, well, I know, I know
I lost touch with reality, now, my personality
Is an unwanted commodity
-Teenage Fanclub & De La Soul
This post is dedicated to DAVID JUDE JOLICOEUR aka Trugoy the Dove
https://www.rollingstone.com/music/music-features/truguy-the-dove-de-la-soul-tribute-1234678628/
Rest in peace.
It sucks getting old, the people that put out great content during your formative years eventually pass on for one reason or other.
It hurts even more when they die relatively young.
Time remains the undefeated final boss.
It’s important to use our limited time on this Earth to create a meaningful life.
Times can get rough eh?
It’s almost as if life put on pointy boots and kicked us in the crotch.
We’re still wrestling with the fallout of crappy CeFi operators. There are some people that need to go behind bars.
There’s a lot of incompetent governmental agency FUD happening too.
However, just as uptrends can’t go up for an eternity the downtrends don’t last forever either.
At some point crypto will STOP falling.
But WHY Panda? You may ask.
I doubt government will start being fiscally responsible any time soon.
The US Presidential 2024 election cycle will start soon.
The current administration has brought Lael Brainard, (current vice chair of the Federal Reserve) as the new director of the National Economic Council.
She tends to lean more dovish and could advocate for more stimulative economic policies.
There’s a ton of money parked in US Treasuries and cash.
Some of it could head to Bitcoin and other crypto.
Before that happens, we need some type of “healing” moment for the crypto industry.
Maybe it will be a new use case that will involve real world assets.
Maybe we will get more crypto friendly political candidates.
This will help lure the bulls back in (and more importantly stay).
At some point, the bulls will be free to roam around.
Some glimmer of hope appears on the horizon.
Bitcoin has been able to stay above the psychological point of $20,000 so far.
I’m still suspicious but willing to check it out.
BUT it’s like a guy standing outside on the side of highway wearing latex gloves. He has a sign that says FREE PROSTATE EXAM.
You think it might be sketchy but you shrug your shoulders and think to yourself well it’s free.
A good way to play crypto could be to use proxy stocks like $COIN, $MARA, $MSTR since they have decent option chains available.
I’m taking small baby steps back in.
By small tactical trades, I’m testing the market by taking both long and short trades.
We may have fallen but we can get back up!
Obviously none of this is formal financial or tax advice. You need to find qualified professionals in your jurisdiction.
Be sharp, stay hungry let’s get that money!
