Banks all over the world are collapsing, including the massive Credit Suisse, but the cryptocurrency market hasn't been suffering. The "Bitcoin is dead" people are starting to fall quiet once again.
Here's a graphic I put together using crypto prices over the past 6 months:
One thing we notice right away is that they all move pretty much in tandem. Smaller markets like Hive and Blurt are lagging behind at the moment. Bitcoin is clearly pulling ahead, also known as "Bitcoin dominance". This is common during the first year of the crypto bull run, which is where we are right now.
Assuming Blurt continues to function, and be used by excellent creators and curators, it will continue on this 2023 bull run. A pullback has been achieved. What could be next is a big leg up.
I think what will happen is BLURT will surpass the gains seen in the larger markets, especially in 2024 and probably also 2025.
The BTC chart is looking pretty juicy to me.
That's a bullish chart right there. Of course, fundamentals (world events) are going to play a part, but we can't deny the underlying bullishness of the price action. There's resistance at these levels, but a pop above 30k still looks more likely to me. I could see a big green candle coming next.
That would really kick off the crypto market. I think BLURT will get picked up by more exchanges around that time. More wallets will support it.
BLURT has a long way to go. If it went up x40, it would still only be at its previous all-time high. This bull run could see that old record broken.
Meanwhile, here's my take (thanks meme generator) on the global financial system at the moment:
Things are falling apart everywhere. The main response is to create more currency from thin air, conduct unprecedented financial maneuvers, change the rules as needed, and deny anything is wrong. "All good, don't look here."
As I've done for 15 years, I recommend you get your currency/money out of the system, have your emergency plans in order, get some supplies stocked up, own a little gold, and be emotionally ready for interesting times. If the power stays on, I think crypto is going to do well.
DRutter
A lot of banks are at risk at this time. Crypto/blockchain is taking over the fiat system. Do you think El Salvador has made the right decision as to BTC as their legal tender?
I don't know, but I congratulate them for trying something different and interesting. It will surely have some results we can learn from!
Great news. Cryptocurrency is finally being tested. It was born during the recession of 2008, and it will be baptized by fire here. Banks are corrupt and their actions show despite moves. Fiat is on fire 🥵🔥
Since the beginning of 2023 Crypto Market has been rising and there have been a consistent move upward direction when compare to the previous year. I believe everyone should get their portfolio ready because the bull run is upon us.
Remember not a financial advice.
Now that would be very difficult to achieve for most people.
I guess we just have to do our best...
This sound interesting. May we all thrive in the near future.
You know what I think will explode in my honest opinion is d tube. It’s already been to ten dollars once and it’s pretty easy to get 70 dtc on a video
Even at this price of like 11 c that’s 7 dollars. You also are encouraged to power up your own posts so the more you have the more dividend so rly I should power up a good bit more and I will soon.
If that goes up to even 1 dollar at any point which I think it could those videos will have been worth like 70 dollars. I was missing a trick with d tube and I think a lot of ppl are: if you can enjoy doing some videos along with blog posts I think it’s a none brainer.
People can downvote thetr but I worked out they still pay you lol if their downvote is big enough they can blur out your video which is annoying but they are actually paying you.
Is it still owned by Hymen Danger?
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