1) The LAST 72 hours have left the market in a state of PANIC and disbelief.
• Bitcoin at its lowest level
• FTX going bankrupt
• Individuals losing life savings
• Interest rates still rising
A thread on the current market situation and future expectations.
🧵👇
• Bitcoin at its lowest level
• FTX going bankrupt
• Individuals losing life savings
• Interest rates still rising
A thread on the current market situation and future expectations.
🧵👇
2) The last 3 days have been pretty wild hasn't it.
Even individuals that can be called "veteran" status are left in disbelief.
I'm not going to "sugercoat" things like others are doing.
The market has been hurt by this. It will take LONGER to recover from this.
Even individuals that can be called "veteran" status are left in disbelief.
I'm not going to "sugercoat" things like others are doing.
The market has been hurt by this. It will take LONGER to recover from this.
3) If there was any point the market was going to recover and be primed for a strong reversal in the beginning of 2023 (example) it will likely be postponed with another few month (or longer).
If past events didn't break trust to some parties. Now it did.
If past events didn't break trust to some parties. Now it did.
4) It's no secret the market needs fresh capital to fully reverse again.
Fresh capital is based on trust and not on a state of panic and fear.
It's not all doom and gloom though. Panic and fear are also responsible for prices people have never seen before.
Fresh capital is based on trust and not on a state of panic and fear.
It's not all doom and gloom though. Panic and fear are also responsible for prices people have never seen before.
5) I've always been pretty vocal about my stance in the market.
40k, 30k, 20k was not going to be the bottom as long as we stay in a state of "quantative tightening" and a change monitary policies.
Don't know what these are?
Check the thread below 👇
40k, 30k, 20k was not going to be the bottom as long as we stay in a state of "quantative tightening" and a change monitary policies.
Don't know what these are?
Check the thread below 👇
6) The past year I've seen thousands of influencers drawing bullish lines with no single regard for the macro environment we are in.
No one foresaw the fall of #ftx but if there is one thing it did is that it has sped up the process.
No one foresaw the fall of #ftx but if there is one thing it did is that it has sped up the process.
7) Had to start with the bad before I move on to the good.
Yes there still is some positivity left in this market.
At some point we will see a huge shift in supply and demand no matter what the current market environment is.
Yes there still is some positivity left in this market.
At some point we will see a huge shift in supply and demand no matter what the current market environment is.
8) Prices getting so low that people just don't bother anymore with selling no matter how huge the panic and fear is.
Vice versa prices getting so low the buyers almost feel like they have no choice to react and not wait any longer.
I believe that time is getting close.
Vice versa prices getting so low the buyers almost feel like they have no choice to react and not wait any longer.
I believe that time is getting close.
9) This does not mean there will automatically be a full scale bull cycle immediately.
It just means prices will generally stop dropping like they have been doing the past year.
We still need LOTS of fresh capital to rally to new heights.
It just means prices will generally stop dropping like they have been doing the past year.
We still need LOTS of fresh capital to rally to new heights.
10) And this will be something that's highly dependend on the macro environment we are in.
How's the macro environment looking btw?
Not as bad as initially actually.
For the first time inflation has been lower than actually
How's the macro environment looking btw?
Not as bad as initially actually.
For the first time inflation has been lower than actually
11) While the hiking of interest rates hasn't stopped, it is to believed the fed is getting closer to either:
• Achieving their desired interest rates.
• Forced to print again.
2023 might see the fed reverse course of its current policies (pivot).
• Achieving their desired interest rates.
• Forced to print again.
2023 might see the fed reverse course of its current policies (pivot).
12) All this might come together with the most optimal levels most analysts believe to be true for bitcoin (including me).
13) And since bitcoin has generally always been the leading indicator for the entire market this also means most altcoins will bottom here.
I've always made it pretty clear with my posts that I've LARGELY been sitting on stables.
I've always made it pretty clear with my posts that I've LARGELY been sitting on stables.
14) This is the first time I'm looking to deploy ALL of my stables in the market again.
My perfect target has generally been 14-15k.
Whether the market ever goes lower than that is a risk I'm not willing to take anymore.
It's risk vs reward at this point.
My perfect target has generally been 14-15k.
Whether the market ever goes lower than that is a risk I'm not willing to take anymore.
It's risk vs reward at this point.
15) While I see some people willing to wait even longer is something that doesn't OUTWEIGH the situation anymore.
There's obviously more reward to be gained the lower we go BUT the risk of those levels ever being reached becomes higher every single day.
There's obviously more reward to be gained the lower we go BUT the risk of those levels ever being reached becomes higher every single day.
16) In the grand scheme of things I'm extremely happy with buying around 15k.
I'm here to buy low and sell high.
I'm not here to buy the bottom and sell the top simply because I believe no one has that ability (if they did it was pure luck and coincidence).
I'm here to buy low and sell high.
I'm not here to buy the bottom and sell the top simply because I believe no one has that ability (if they did it was pure luck and coincidence).
17) This doesn't mean I will necessarily buy bitcoin.
It means I'm looking to purchase a certain set of alts when bitcoin reaches those levels.
This also leads me to address something more important.
A certain pattern that's always dominated crypto twitter.
It means I'm looking to purchase a certain set of alts when bitcoin reaches those levels.
This also leads me to address something more important.
A certain pattern that's always dominated crypto twitter.
18) While we all like to believe our altcoins are the set of "chosen ones" looking to rebound to unimaginable heights reality is almost ALL of them won't.
It's not a popular opinion but it's likely the truth.
It's not a popular opinion but it's likely the truth.
19) Don't trust most of crypto twitter and take most claims with a grain of salt.
While it's true high caps don't offer the most upside potential, it's exactly those that will likely survive the market.
Holding a set of them will likely be more safe for most people.
While it's true high caps don't offer the most upside potential, it's exactly those that will likely survive the market.
Holding a set of them will likely be more safe for most people.
20) Out of all of them I particularly have the most interest in $ETH as it's undeniable the one that's leading the adoption race.
No matter what people are saying about its tech.
Adoption and usage is all that matters in breaking through.
No matter what people are saying about its tech.
Adoption and usage is all that matters in breaking through.
21) I won't shill my favorite list of altcoins here as I don't want to move from the general topic of this thread.
You'll have to follow my other posts and threads for those.
Stay safe and level-headed fam.
Nova out ❤️
You'll have to follow my other posts and threads for those.
Stay safe and level-headed fam.
Nova out ❤️
22) If you want to keep up to date to most of my content and interesting projects give me a follow @CryptoGirlNova.
I also research the communities top voted cryptocurrency every week so you can keep track of all the most exciting projects.
Your favorite writer Nova ✍️
I also research the communities top voted cryptocurrency every week so you can keep track of all the most exciting projects.
Your favorite writer Nova ✍️
23) If you had value from this and liked this thread, it would really bring a smile to my face if you could retweet the first post so this can help as many people as possible.
Everyone deserves free knowledge 📘
Love you all ❤️
First post 👇
Everyone deserves free knowledge 📘
Love you all ❤️
First post 👇
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