It is getting juicier as the year goes by.
In three days we will welcome September. The stagnation of the financial world cascades easily to crypto where you need a strong belief to remain close. The more you play with crypto, you see it is the new avenue within the financial sector.
As the market is situated you can see how #BTC is hammered to a point it is possible we see $15k/BTC. Somehow it is not happening yet cause the resistance is strong around $25k/BTC.
It is even impossible to monitor the whole crypto sphere and carry on with a valuation of one trillion with BTC alone maintained 46% from that number. Many feel this is it. I am more the one that believe there are more to crypto than what we hear everyday.
Depending where you read your news, some predict $400k/BTC. Others not knowing the fundamentals of crypto suggested it could go to zero. Any risk asset with multiple tendency, may exchange to any value.
Many start to understand crypto is the only path to counterattack inflation. Turkiye and Argentina and Venezuela will prove to you that this is a new bridge to financial freedom.
It leads me to play with the idea of the #BRICS trying to do business without the dollar. Some think they can go back to #gold standard. The situation is not getting better. Only the strong will survive. On that category crypto is the only vehicle where money can be transferred and both parties agreed. When you look at the BRICS nation, they will do transaction in their own currencies.
The minute they need to do business with the WEST, they need dollar or Euro.
It is to show somehow the dollar is here to stay and drive the financial market. It has become more about control than the actual fiat currency. Crypto can help in that aspect for a lot of players. This is why it has become apparent, they cannot ban it. They can make it hard to access it and difficult to deal with it.
At the end it will prevail to allow many a piece of the pie.
This is why if you miss on BTC, you still can manage to hold some #satoshis. Make it a priority to hold altcoins that make sense for you. Actions speak louder than words. If you sell it someone else will grab it. What you can do today, do not wait for tomorrow. I mentioned earlier the value of BTC may go down. In that case it is a scenario that can propel your percentage in the game.
I find it abundant knowing you can learn a lot with crypto. The saving aspect makes sense the minute you are dealing with crypto. This story never gets old when I see a #hiver holding his earning in #hive for many years. Yes risk is there and valuation plays but this is it.
It is working for him cause the country he is, inflation is worst than risking it at the bank. Actually the banks and the economics are failing over there. Thanks to Hive he is doing exactly what we all need to do.
After all 2024 is around the corner, I know it will be positive and effervescence for crypto going forward.
If you are ready, just stick around.