After Christmas there was excitement in the air. The crypto markets were rallying and a lot of people started to hope that the bear market was flipping to a bull market.
I explained in this post why that was naive.
It's not rocket science.
First you have to look at what really drives the price of all crypto.
Is it general market sentiment? Is it rugpull drama and scams? Is it Christmas? Lol.
The short answer is no.
While they do have an effect they are not the primary driver for crypto bull and bear runs.
The answer to what drives a bull run is the Bitcoin halving events.
This happens every four years and is the most reliable of indicators of when a bull run will occur.
The next one isn't due to next March.
Till then, just keep stacking.
I guess that it is what it is, the post-halving Bull run really is the driving force based on price action history of Bitcoin. It is quite a long wait because we all are waiting for it @thegolemseye
However this inflation problem is now affecting the banks because of the FED's ridiculous printing of USD and trying to control it by basically making the people poor enough because of its interest rate manipulation in order to weaken the demand to curve inflation which will not happen in the first place because of the root cause of printing money in the frost place and getting away with that illegal act considering that if normal people prints money they will certainly go to jail if caught.
Now everyone of us is being fragged down by this criminal act but thanks to Bitcoin at least we have something that can catch our backs, at least for the few people with cryptocurrency holdings. 👍
At least we know for certain that good times are coming. Hopefully by spring next year we will see the kind of run that makes us good profits.
You are correct that the forces of fiat are impacting the success of crypto. Printing money from nothing and over collateralised debts spill over into the cryptosphere.
They cannot win. We will triumph!
Very logical awnser (of course a recipe is a mix of thing, but there is always main ingredients) 👍
I like that phrase very much!