The last of my Mangoes, they are just as delicious and fragrant from when they were delivered to my doorsteps.
We are still in the bull market and its called the bull market season or Alt season or whatever you may call it, the price of every crypto at this current month and for at least the remainder of next year will be favorable to the ones that invested their time and money and nerves and guts and also those that made their balls as balls of steel for trading with actually having more flavor of gambling. It is because greed comes next for earning lots of "money" for a "short period" of time, so people just wants more and more.
This greed is notorious in cryptocurrency trading because lots of people would leverage-trade cryptos like Bitcoin, so as they borrow money that they do not own and gambling it away by doing shorting and longing trade positions in more than three times the gain, they get "rekt" when "bigger money" decides to make a big sell order. Basically the cascades of liquidation would force these greedy trade positions to push the prices down to their loss and so the market value would "return to mean."
Now the prices are down to where they were a few weeks ago so only those that have money to buy and then do it all over again will be the ones that will gain when BTC performs its ascent up past the 100K mark and to who knows who where the price will go from there. I guess that this will be the normal thing about this bull market so we have to really be more vigilant and actually sell (based on or goals and plans) when we are observing that prices are soaring again. Well I have the reason as I had said, it is the normal occurrence.
However, please do your own research and don't or never take my word for it because there is such a thing as a "Black Swan" event and this can be in the form of a regional war like what happened to the invasion of Putin to Ukraine way back on February 2022. In that month, the price of BTC topped at around 70K or so which in my opinion could have reach more than that if that tragic event didn't happened. Then a series of black Swans happened the FTX scam fiasco and the subsequent bankruptcies of crypto businesses which had an exposure to that scam exchange followed by the collapse of Terra Luna just pulled the price of BTC down to the 15K levels which many people felt scared about hence the price devaluation effect.
So what I mean is that without such bad times in the crypto world, the outlook of prices will be conducive to more growth in the value of cryptos especially if there is no abusive government entity like the US SEC vetted by the former USA government which stifled on what cryptocurrency can offer the world and the people in it. We in this blockchain-based community knows this value of this platform and its cryptocurrencies because it gives us a chance in life to achieve a better situation unlike anything else in life.
This platform can even save our lives especially if we have the lucky birthmark which I have, just kidding, because of the financial incentives for what we can offer to this platform based on many factors like using it as pure business, work, hobby, a place of meeting like-minded online friends, and even as an extension of our personal life to meet electronically the friends we stumble upon and letting us share together the functionality of this platform and enjoy the benefits as we move forward to achieve a fairly common goal, with the financial-side of things being the major reason.
Anyway, the season will begin again just like the mango season, sometimes they will come and then they will go and repeating. We are still enjoying the fruits of our labor especially here anyway regardless of the ever volatile nature of cryptos and so I will have to say to let us just ride it like a boat above the huge waves of the ocean of price fluctuations and be more patient about it since most of us cannot do anything with such forces as big entities and then the greed of others always affects the markets to the fright of many traders. It is because it will come a time that we will land somewhat in a better situation and play about having the skin in this game in this platform in particular which is a place much better compared to the outside world financially in my opinion because we get to enjoy it and at the same time making it an extension of our lives with utmost satiety and contentment.
Photography device: Oppo A92
Camera Sensors: 48 MP Main Camera
Camera Mode: HDR
ᴀʟʟ ᴛʜᴇ ɪᴍᴀɢᴇs ᴀʙᴏᴠᴇ ᴀʀᴇ ᴄᴀᴘᴛᴜʀᴇᴅ ᴀɴᴅ ᴏᴡɴᴇᴅ ʙʏ @cryptopie 𝘶𝘯𝘭𝘦𝘴𝘴 𝘰𝘵𝘩𝘦𝘳𝘸𝘪𝘴𝘦 𝘪𝘯𝘥𝘪𝘤𝘢𝘵𝘦𝘥
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Well they might be a little over ripe but probably still pretty good!