Hi,
as we are moving to summer here in Europe, we have another season in the crypto world, as it feels like winter.
We see most crypto assets in red, and it might be that the red will be a longer issue for all.
Well, given the global economic situation, I would say that crypto is entering the winter season now. We had some amazing years till now, and we must be glad to lived them. I know, crypto shall be a safe heaven for economic distress, but sadly it isn't.
The crypto market is not mature enough, and most money that has come in the past years was easy money. Don't get me wrong, this easy money was needed, but now with the economic issues, we see that this easy money did not had the time to mature.
Everything takes time, and crypto also requires more time to be fully functional, even if we think something else. Wishful thinking, if we imagine that crypto can replace a broken financial system in a day. It will take years and the only thing we can do, is to keep on working on it.
I did not start the buying phase, as still think that the prices will drop further, as long as money is needed somewhere else in the market. The winter has just begun, and we need to be patient for the opportunity to rise. Hope you prepared for it and can strike some good deals, when the time is ready.
Are you prepared for the crypto winter?