I was telling one of my friend today that the only reason why crypto is finding it difficult to meet stock is that we still need to filter out a lot of bad projects and some centralized project that is based on lies, greed, and looking for ways to steal people's money. luna is a terrible example of an unexpected thing that happened last year that change a lot of people's minds about crypto and the effect is still on crypto now, what makes everything worst now is the FTX saga which has left a major scar on so many people and to me will even lead to longer bearish market.
what I notice that caused the last bull market to go as far as that is the stability of the market for a very long time, don't get me wrong we all know the impact of the lockdown because it brought people closer to the crypto world but what helps the crypto-verse to easily lure people into it is the stability of the crypto market for a long time. there was less drama in the market and most of all this project was only looking to improve their project because less money was generated and the greediness of most of this centralized project was not there.
some people might not see where I'm coming from but the truth is with the present situation of the market and the event that lead us here today if we should have another worldwide lockdown will this bring about another bull run? we can both agree that even if the bull run wants to happen it can never reach the level of the previous bull market because of the bitcoin reputation this year, some people will prefer investing in something more stable.
2023 expectations
the two major events of 2022 that lead to the loss of billion will affect crypto one way or the other that is why I don't believe that this year will be must better than the last year, some of my friends believe the crypto cycle is every 4years and by the end of this year there should but an upturn in the market and this year should mark the beginning of another bull run but things have changed and what the crypto market needs right now is the market to be stable and what can bring about that is when people forget the event of luna and FTX.
my expectation this year concerning the crypto market is not much because I know something crazy must happen if we want to see something related to the crypto bull run this year, the market needs to filter out weak hands and forget the event of 2022 before the major move can occur because some people are just waiting for a major move to sell their bags my and this will also affect the market. my goal this year is to ride with the market and buy my favorite coin at given opportunities, one good thing about the present market condition is that is a perfect opportunity to build our portfolio.
