Apparently you are no stranger to the behavior of the market. It is really opting to put a scare on you easily. Despite the slipping slope I just acquire some $HIVE. Since July was not nice to me at all, I cannot go deep. Not saying August will act way better but I will manage myself to do other moves.
Last weekend $BTC was trading close to $70k and now, everyone is taking cover. I guess the selling pressure is abundant, giving ways for holders to react. With no big news #Microstrategy made a move grabbing more BTC. This company is locked in for good, setting an undeniable example where crypto will go.
I have been looking and trying to make sense of the crypto market for quite some times. At the end of the day it goes in one direction. I think you know it better than I. FORWARD
It does not matter as a whole what crypto you hold (make sure you hold something you believe in) It will go up every year. If it does not go up in pure value you can comprehend, it will go up in quality even though you should not try to prove with dollar and cents.
This year is special for many reasons. It should be the year BTC breaks the $100k in dollar (US) value. We have five more months to see where it is heading. One thing I like about crypto you have to play the game otherwise it means nothing at the end. You need to buy some, convert some, put it to use. The main act you need to hold some. Hope you do cause it is trading 24/7. I think this available helps crypto to do a lot more in the future. it is a protection for the world crypto currency.
This year so many countries are going through the selection. Take off the S to see we are going in circle. The result may vary for a moment but the plan remains the same for this emerging asset class. We are in five years trenches since covid. It does not stop this movement. I think it is everyday a new beginning for crypto. More folks embrace the opportunity it represents for the long term.
Looking at the picture on top, August is the month to make a move. I mean make a real move while you see huge opportunity. If you are really shaky, sell could make you feel good. If you enjoy a risky moment where you see past August, buy can be an open door to set yourself really good. Either way be a player and continue to find your sweet spot. Many will continue to do what they have been doing for years, HODL.
If you adding all green minus all red, you are still in the positive. If you believe this run is just a dent, let it be one. It will fix itself maybe by the end of the month. July was not pretty everywhere. That may cause the FED to lower interest rate to boost confidence in the market. As you know it is all connected somehow. It is one planet, one humanity trading anything that can make a difference.
While my projection is very optimistic, it is real to keep in mind the world you live in. Crypto will do its part. You should do yours. Crypto will continue to grasp and change lives, you should take care of yours.
I am thinking by the end of this year to help my family to fully understand crypto. It is a daunting task but it is a step to the new economic view. You never know when $HIVE could reach $5. Unexpectedly $LEO can easily stuns us with a dollar parity. You should be prepared for any eventuality. The dollar debasement is real and it is a clear direction to have it everywhere. The debt is another wrench just by thinking about it, you know some days it will have to be address in seriousness.
September through December 2024 should be special for the ones who plan for it. Otherwise opportunity will pass you by and growth will always come and grow. You have to weather the storm if there is one. At the same time, crypto will continue its course where the support system will react to the need in place. Now crypto is dealing with #billions. Soon it will be #trillions. It has to go through since it is the asset that can stand the shock a lot better. Your location, situation, plan can put you way ahead as long you manage your way. Try to understand the red so you can appreciate the green. Stay put.
