Saturday, December 3, 2022

December Winter with the Coins

 

Although I remain a holder and have a continued interest in Bitcoin and Ether in Crypto land, the trust I have in Exchangers/Wallet providers has gone and I withdrew the bulk of my coins.

This year, with what they call a 'Crypto Winter', it hasn't actually thawed much since March of 2022 looking at the yearly chart of BTC and a lot of accusations about which billionaire owner/partner is trying bury another exchange in trying to create a monopoly is not creating a good scene right now.

Some of the older and first Exchangers I hooked up with have ridden out these major issues so far with other outfits collapsing around them with billions gone ... causing many to move their coins to safer places like "Cold Wallets" or out of Crypto all together. With layoffs, lawsuits and more pending legislation coming, even those that have been around for years will feel the pressure more.


                                                Bitcoin in 2021                  Bitcoin Today, 2022

When and if things turn around and there's a slight Bullish glow to all that is Bitcoin, I may get involved once again and resume my Trading "Pairs" game. Currently, it's overall flat and going sideways or down. Hopefully better times in 2023 in that Market place.

BTC needs to get beyond the $20,000 USD average plateau and move up in stages over weeks to 30 grand and above to get a more positive feel and renewed interest in Crypto overall in my opinion. 


Meanwhile, the "Coin" funds I withdrew over the last week will come in handy buying more dividend paying stocks. In the stock market recently, with North American Central Banks saying they are scaling back interest rate hikes in the months ahead, that has put more of positive shine to it all on the short term, depending what sector. Who knows what current and new issues will rise up in December but as always, long term is what I look at.



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