Viewing a response to: @tarazkp/pre-seeded
I've been quite happy with my reinvestment in BTC near $18K in early 2023, so this is a very welcome rise, but I think it is a little to early to be celebrating about regaining support at $30K. There is some really bleak macro/financial news on the horizon that I think can spook all markets, crypto and fiat/equity, so I took a little profits here around $30K and will wait and see what happens next. Prfots into For BTC anyways, I think thew fireworks really start to happen in early 2024 as we get ready for the next halving and that will roll over into ETH/altcoin season. I don't really think we will see a major altcoin rally in 2023. Specualtion aside, I think you make a very wise point about crypto people being hedged while fiat people are all in on governments/central banks preserving their monopoly over the monetary supply. I know which camp I prefer to be in and I'm glad that many of the bad actors have been excised from the crypto space over the past 12-18 months. I'm just hopeful that we can get past the LUNAs and FTXs so that mainstream media doesn't have so much ammunition to attack the crypto space every chance they get.
author | ducecrypto |
---|---|
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