Since the carnage started in April of 2022 with the drop off in the stock and crypto markets, there's more of a positive outlook this week that things will turn around soon and the Markets are showing that but it's too early to say that this stormy season is over yet.
Crypto and Bitcoin are highly risky and still in it's teenage years of growth compared to the moderate risk I'm involved with in dividend paying stocks/ETF's.
Bitcoin continues to rule over altcoins and there's always that theory in the background that it's price will skyrocket to new record highs with each cycle of major price ups and downs. It turns into a trap and akin to the big gamble for most but these record highs also made some filthy rich like in past cycles so that keeps it popular.
Now, there's a new theory about a new Token coming along some day that takes the crown from Bitcoin and BTC will fall in price and become an altcoin itself. Fast transactions like Visa and using more "Green" power. Some altcoins are working to achieve this but all a work in progress. Some say Ether/ETH could be that coin in the future but as I mentioned ... it's a work in progress in an impatient world.
Conceived on laptops and desktops, new coins and supporting structures are being developed on a steady basis. Too much to keep track of until one rivals Bitcoin some day and the masses take notice.
The crypto market thrives on speculation and the social media "pump and dump" chats. But I've learned to ignore all that and I've been there since it started so I take gains and move them to Stablecoins or cash when they present themselves and know how far it can fall in a hurry at times. Not betting the farm in other words and play with coins/funds I keep aside for the cryptos I don't need to pay the bills.
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