It's easy to be bullish near the peak of the market when everyone and their mother is. When your barber brags about coins that'll make him a millionaire, when the waitress at your favorite café accepts lightning network tips, and when MSM "isn't talking shit about crypto" again.
But that's not the time to buy. In my opinion, the time to enter crypto is when everyone is bearish, when sentiment hits rock bottom, when the market seems irrecoverable, and you appear foolish to many for getting back into crypto.
I have my own experiences of missing opportunities in crypto, and I bet many of you have them too. For the past year, there has been a lot of talk in the MSM and on Hive about an impending recession, financial collapses, and even the possibility of a severe depression.
Yet, none of that has happened. A couple of weeks ago, the EU officially declared itself in a recession, but does that mean the markets will suffer? Or rather, are markets influenced by the state of the economy? Well, not the S&P... Last week, the S&P erased all losses since the Fed started hiking rates... and we're at 5.25%.
What many fail to see or believe is that the markets aren't meant to dance to the same tune as the economy. While the economy might be down, the markets can go up because they are driven by sentiment, fear, and greed, and nothing else. We've had plenty of fear in the past couple of years, and now it's probably time for a rally in both the S&P and crypto.
While most alts are still struggling, Bitcoin is holding up quite well. 68% of Bitcoin hasn't moved in a year, despite a horrendous bear market, and we're less than a year away from the halving + new institutional on-ramps. BTC.D is close to 50% on CoinGecko, and it doesn't seem to be falling anytime soon. I once believed that BTC.D would reach around 35%-40% by the year's end, but I was dead wrong.
You know what I'm probably right about? The fact that this is the best time to accumulate crypto and invest in projects like Hive. I wish I had more cash right now, I really wish I were in that position. This is the time when you should sell your kidneys and buy crypto, not when everyone else is doing it. This is what the masses get wrong about succeeding in crypto.
DigitalAssets Fidelity is poised to make a seismic move in crypto, involving both $BTC$26774.000 and $ETH$1728.680. Sources expect Fidelity to either bid for Grayscale or swiftly launch their own spot Bitcoin ETF. One or both are coming, soon. Meanwhile, BlackRock has filed for its own Bitcoin spot ETF approval, choosing Coinbase as the custodian of their Bitcoin, and Mastercard is bolstering its presence in the crypto industry.
Payments giant Mastercard is certainly one of them. However, during the 2022 market crash, investors opted to take a more cautious approach towards embracing the crypto industry. Setting that aside, the company has now returned to actively pursuing advancements in this sector.
According to reports, the payments giant has recently submitted a trademark application for a range of tools related to crypto and blockchain technology. Mike Kondoudis, a patent attorney, has revealed that Mastercard plans to develop software that facilitates transactions involving cryptocurrencies and blockchain.
Through this, the company aims to create a network that connects various virtual asset service providers, enabling seamless crypto transactions. source
Some claim that this could be the final cycle to experience mind-blowing gains in crypto. However, I don't necessarily agree. I firmly believe that the digital era will continue to present more and more opportunities for leveraging crypto. We haven't even scratched the surface of what the metaverse is capable of or what the next level of #playtoearn will bring. While the returns may fluctuate in the upcoming cycles, what we currently have before us are truly life-changing opportunities.
Most individuals will overlook these opportunities until the MSM once again jumps on the crypto bandwagon. But that's precisely when I intend to sell my coins...
Thanks for your attention, Adrian