The crypto market is kind of boring for the past few days or so... if not weeks. I guess it's a traders' nightmare cuz the volatility, at least for BTC is almost absent. It happened in the past and it will happen in the future, too... No worries about it.
The way I see it the current prices for BTC and almost all altcoins out there are at a bargain right now. I might be wrong and we are probably due for more downside, but if you look at altcoins most of them are over 90% down from their ATH which is quite a grab to me.
Unfortunately, I have already drained almost all resources for buying crypto but had I had more cash I'd definitely add more to my portfolio.
The next few months might be as boring as the last couple of weeks, as we are probably in the bottoming phase of the cycle. Again, I can't say $15,500 was the lowest low, it might get lower, but even if that happens($12k or something like that) I don't think we're gonna be spending much time in that area.
Whales will be scooping cheap BTC at these levels for sure. The current market conditions look so much like the end of the bear market in 2018-2019 and these have been quite some boring times. I remember some of that... I remember selling ETH at $100-$200 cuz there's a killer on the way, selling DOGE cuz shitcoins won't pump in the next bull market, and so on and so forth...
Every bear market has its typical FUD and this one will be no exception. Now the recession is the bad ugly wolf threatening to eat our potential next bull market. The recession might be priced in already cuz markets are often times ahead of the economy. But...
What I also remember from back in the day is jumping from one coin to another, a mistake that I have almost done again. Did you ever have that feeling that whatever you're holding looks like a loser in comparison with other coins?
It happened to me in 2018-2019 and it almost happened again this year. I kind of learned my lesson, though, and rejected to put into practice the thought of "swinging" between coins. In the next bull market, everything will once again pump. Everything. Some more than others, but in the end, every bag holder will have the chance to make money.
Jumping from one coin to another, just because yours doesn't do anything right now, or even worse dumping, will lead you to miss important rallies and the overall progress of that coin as we phase out the bull market. If you feel like you're an easy hand during such times you'd better stake your coins and have them locked until like "around halving". That's what I'm doing...
I don't see the point in having stacked coins during bull markets though and I still consider the halving to be a bull market igniter. That's about it for today, I hope you're having a great day, and see you next time.
Thanks for your attention,
Adrian
