As fear, uncertainty and doubt (FUD) grip the stock and crypto world while mass selling continues for now, I've been just watching and waiting for better times.
Reminds of the dreaded "June Bug" time here when the large beetles fly around with sticky legs that come out of the ground, Many a woman and man have screamed when they get stuck in their hair and they tend to loudly bang into windows in the night, going for light sources.
Is that time over. Are they gone yet? What I hope for with the Markets these days.
After the collapse in March of 2020, most were expecting a long wait for things to improve but surprised when stocks rebounded later that year. Will it happen again this year?
Hard call for sure while the Feds are involved now 'trying' to battle high inflation by hiking interest rates.
Large fluctuations with Bitcoin are common given it's history but times are different as billion dollar crypto outfits sprung up in the last few years offering "Earning Interest" and "Loans", spawned from the rise of the De-Fi sector of crypto. While some are collapsing and running into trouble, the best managed among them will survive when things turn around from that current bear market or what some call ... crypto winter.
I expect things to get worse yet in Bitcoin land while the negative news continues and it will be my first time wondering if it will turn around and head back up in price, reaching highs of 60 grand and beyond which many have speculated about. It's a wait and see thing as the cleansing of troubled outfits continue and how long the negative ripple effects will last with all the losses.
Meanwhile, as some stocks roll with the lows of the stock market indexes these days, cash distributions come in from scheduled company/bank distributions, which is my main interest. Growth in stock prices is something I want to see as well but that will come again when markets bounce off the bottoms and eventually rise once again.
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