Saturday, November 12, 2022

We are going to be fine.

Today's bitcoin price is 16800 dollars and in January 2018 the price of Bitcoin reached a peak of 17527$.

But what really has changed since then?

Everything

It seems we are following Murphy's law which states that everything that could go wrong will go wrong.

Let's go through some of the events that took place:

1) COVID happened which initially brought the bull with the government distributing money like candies but slowly the real effects showed up which brought rampant inflation that we are still dealing with.

FED increased rates in response which further pushed the price down.

2) Terra Collapse: Luna , UST and other tokens in the ecosystem had a worth of 60 billion $ before it went belly up.

A major stablecoin just went poof.

3) Russia-Ukraine War: A freaking war is happening right now btw nuclear power Russia and Ukraine backed by nuclear powers , that's literally the worst nightmare for any market especially for something as volatile as crypto market.

4) Celsius and voyager went down and with that took away a lot of investors money and belief in crypto.

5) FTX collapse: And now one of the biggest exchanges went bust like that locking off the user's funds and to top it off it now has an exploit too.

Everything has been pretty bad but still we have almost held on to the 2018 prices and we have a lot more adoption than before ,like a lotttt.

So yeah , we are going to be fine , we just need the bear to weed out some of the bad actors , a little bit of favor from powell and some time and will come out of this stronger than ever.

Also 100k eoy is always on the table rt


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