This was one of the negative narratives that veteran investors were expecting to see in the near future. The former CEO of the leading centralized exchange, Binance, is sentenced to 4 months in prison because of lots of accusations including money laundering, etc.
None of these mean something to me as a crypto investor. We all can agree on the fact that this was a weapon to tame the market as the risk in the global markets was on a rise. Thus, commenting on the event or questioning wether the accusations are real or not have nothing to do with my crypto investments.
There are several other negative narratives that are likely to show up:
1- Rejection of spot Ethereum ETFs
2- Accusation of tax evasion for Roger Ver
3- the SEC wins the court against XRP
4- MATIC and other coins are labeled as securities
5- MicroStrategy gets into trouble with policy makers
The list can go further but nothing can chance for our investment decisions.
Even today I'm holding my BNB coin since I care about the presence of centralized exchanges in the crypto ecosystem with a limited influence on the market. The future of the crypto will be built by cross - chain decentralized exchanges or aggregators like we have LeoDex by the InLEO team. In addition to our advanced level side, we need the basic level for those who are entering the ecosystem for the first time.
We Were in Altcoins
When Bitcoin hit $73K, we knew that the limits are tested for Bitcoin. Maximum 10% higher prices would be the top level while the interest rates are high and the global risk is higher than the inflation rate 🤣
Yet, the long waited altszn never comes when we all are in them. This has to be triggered by the whales when all the weak hands are sent outside of the market. So, when we get everything together and have a look at what is going on in crypto ecosystem, the news related to CZ and other types of FUD mean only one thing for me: BUY MORE!
I care a lot to have some stablecoin funds, this has never changed for me. Now, it is time for my stablecoins to enter the game and the cheap altcoins + BTC & ETH can be a good pick for me to get ready for the mega bull season.
There is no mega action taking place, there is some fud, some fomo and more verbal directions by the central banks. Once DXY enters a downtrend and no one cares what the central banks have to say, then we can welcome the bull market for both crypto and stock markets!
It is really hard to deal with the high level of stress for new crypto investors. However, as long as you can deal with it, crypto is the best place to grow your money with the highest possible return. Resilience is everything here! For now, this is a part of the big puzzle. FUD is the sauce of crypto, enjoy it!
What do you think about the timing and the accusations of CZ's sentence?
Share your thoughts below 👇
Hive On ✌️