There's zero motion by crypto in the market now, Gold and silver had a great run and silver quite went down like a shit coin
Tells everything about the market and how quickly trend will go against you. Now that market is bleeding to the point where there's no hope of recovery for most of altcoins
We can finally say this is starting to feel like the bear market we weren't ready to accept at first.
Saylor has been buying bitcoin from years and has brought average price to almost $80k with his couple more buys in coming days I'm pretty sure average price will sit at 80k
But as of now bitcoin fell below $80k and has reached Saylor Average Buy price.
From here $60k looks more closer than $100k and it is quite scary to think about bitcoin at $60k while Gold is around it's ATH
While the whole narrative for bitcoin has been digital Gold and self custody.
It already created a bad image for investors but still everyone knows what kind of impulsive move bitcoin could make in short timeframe but it's never sustainable.
While bitcoin is going down you can't expect that your altcoins will perform and going to stay around that same price range
Everyone who is holding altcoins is down a lot like a lot and whoever says they aren't in lose and have altcoins in portfolio they're lying.
A slow death for altcoins is something we are watching ever since that 10.10 happened it has changed everything and only getting worse.
People are calling out CZ and everyone has turned against binance but still binance owns the majority of crypto share and will be so happy when it collapse and bites the dust.
I wasn't wrong when I said CZ is behind everything that's wrong with crypto, it was not Sam bankman but CZ.
I've been observing and observing that coins that exists from years in this space are poised to run up a lot once we get that euphoria run in coming time
I've never seen hive go this low in years and I believe whenever next time alts will rally
Hive is going to do easily 20x or more from here and I'm saying this based on the fact that old Dino coins like LTC, BCH and XMR have performed and yet are showing strength compared to every other shinny new altcoins
The new altcoins were VC garbage supposed to make them rich and retail got Rekt
Pivoting to hive at this point is 100 times better than buying anything that VC is trying to sell you.
It can go down but the upside from here is massive and I'm better betting on the upside knowing that risk associated to downside isn't that high.
Wonder what do you think about it and how you're planning to survive if it turns out to be a bear market? Do share in the comments.
that's all folks.
