USDT support has been halted for certain crypto services in the EU. I checked if gate.io and crypto.com, the exchanges I've been using for a while, have done the same, and it seems that those two are still offering USDT support. From what I know, crypto.com is based in Singapore, and gate.io might be Asian as well.
I don't trade often, so I'm not affected by all this. It seems that the exchanges I use have not yet ditched USDT support for me as a European. The ones complaining about it are avid futures traders, the type of investors who wanna make it overnight.
I don't believe in getting rich quickly, at least not in my case. I've always had to develop patience no matter what I did in life, and that served me well in crypto too. I've been in this thing for almost seven years, and so far, I've barely managed to earn the minimum I need for my living.
I am far from being rich, but that does not mean I don't want to achieve wealth. I am perfectly aware, though, that this involves having strong patience and conviction. Looking at the majority of crypto investors, I realize that many of them won't make it.
We are in a correction for the crypto market that is currently in its tenth week. When I woke up, I was surprised to see BTC hovering around $63,000, and nobody knows if the bottom is in or if we will have to grind more before we leave the correction range. It doesn't matter if it takes another month or so.
The longer we correct, the stronger the bounce and the healthier the bull market will be. The market needed a cool-off period, no doubt about it. If the post-spot ETF rally had continued for a few more months, that would have probably been the top of the bull market.
Now that all the weak hands are out and crypto communities have become so divided, it is time for the market makers to push the market back up toward new ATHs. Most of the altcoins are lagging behind BTC a lot, but if you check history, this was actually the case in every bull market.
2017, 2021, everything is the same. Once BTC and ETH enter price discovery, it is time for shitcoins to start printing many Xs over a span of a few good months. The top might be this year or the next; no one knows for sure, we can only assume. But one thing is certain, the patient ones shall be rewarded.
If you hold a certain coin that is flat or underperforming, take a look at XRP's chart back in 2016 and see what came next. The best part of the bull market is ahead of us, but patience, conviction, and a plan are mandatory.
Otherwise, we risk making the same mistakes we've made in the past few years. I've already wrecked two bull markets in a row, but that's about to change. If the market decides to keep on ranging for two more months, let it be. I'm fine with that. You know why? Because I know that altcoin seasons are violent and don't last long, and we haven't had one yet...
Thanks for your attention,
Adrian