Paving The Way To A Better Crypto Future

It really feels like there is no end in sight when it comes to crypto bad news. Every time markets try to recover like we have seen another bombshell is dropped on us crashing markets. The latest is the FTX debacle. To make matters worse the company Binance that said it would be taking it over is now reconsidering it after taking a look at the books.

What this all boils down to is how corrupt and manipulative major players are in the crypto space. They might think they are doing good or the new power that comes their way they are unable to determine how to control themselves and stay within a general set of rules and boundaries once that amount of money comes flowing in. But let's be honest this kind of crap happens mainstream all the time as well in the fiat world so it's really no different. The only difference here is governments are doing everything they can to trash talk crypto at any chance they get.

The Next Wave

For the most part I have to say the crypto markets have rebounded from every major event so far. Luna was a massive blow and for some reason people are still talking that trash up. It's most likely investors and people that dump their savings into it trying to squeeze every penny out of it they can.

Cash / Stable Coin Is King

If it wasn't bad enough with the stock market and state of the world we are in right now with record high inflation, the fed sending rates to the moon and the global economy in a world war of a total reset it's clear to know that fiat cash is king and having a job is something you want to try and hold on to right now when layoffs start to swing through. It's rough out there and it's about to get a lot worse. Many have started to turn to crypto and stable coins offering huge APRs and while that all sounds great what we have seen are stable coins crash in part to bad tokennomics and very low liquidity.

In a high liquidity environment it's much harder to detect when something is setup wrong. At that point it pretty much doesn't matter what you do you're going to make money and it creates a false sense of hope and trust.

This cash not only allows you to earn a higher APR as the fed increases rates but it often times opens up massive opportunities like you are seeing now. For instant many tokens that I personally want to stock up on such as LEO/Hive and SPS are now cheaper then they have been in the last two years and not by a little but by a lot!.

Hive currently sits at just $0.34 Leo at $0.05 and SPS all way way down to $0.043 which just boggles my mind and shows you the power of having fiat /cash on hand at all times is important so you can take action at times like today. To put this in the spotlight lets take SPS for example here. My goal has been 1,000,000 SPS and I wanted to hit it by the end of this year. That would have cost me some $70,000 for the better part of this year. Before that over $100,000. Now if I wanted 1 million SPS it would only run me around $45,000 which is a huge difference and why you never buy into crypto during a bull cycle and instead only stack and build during a bear cycle so you have play money during the bull.

Cleaning Out The Junk

This is the same thing we saw in 2017 with the clean out of all the layer 2 junk tokens and projects. It crashed the markets and one after the other these projects fell through because of not having good tokennomics or a way to generate funds outside of crypto. We are now cleaning out all the bad projects and unfortantlly with that the markets take a huge beating until things for the most part get settled.

After that we gear up for a strong base and a new bull market. Every time I feel like we might be going into one we quickly get slapped down again. I honestly don't expect a bull marketing till Summer of 2023 but that greatly depends on the state of the world. Are we still in a global war, are we still battling each other?, going to space to mine resources? ya know all that good stuff. Space mining is something I'd love to see happen soon lol. Anyways back on topic this is just part of the progression of things and a "reset" that's required in order to usher in the next bull market. What's crazy is we shouldn't be all that much further away from one but there are new things going on in the world that could either trigger a rally or make us wait longer so keep those in your spotlights.

Posted Using LeoFinance ^Beta