What Effect will Christmas have on Crypto
Prior to Pandemic crypto used to have Christmas Rally. And since the pandemic the rally turned out to be short phase as per the data. Not sure what changed during the pandemic but crypto rallies are now less frequent since the start of the 2022.
Now that we are in yet another end of the year. It's kind of interesting to see how there is no strong movements in the market. Instead things are kind of going slow since the November. No change in Black Friday and Cyber Mondays.
It's just 24 days left to the Christmas. We don't know where the market is going as the recession gets closer.
What could be the effects of Christmas have on crypto?
Past is Not Indicator of Future
We are just out of the strong pandemic. Though China is going back into it once again. Companies are laying off the people from their lineup. And the people have reduced investing into the market.
However the thing is that past rally is not going to be any indicator for the future performance. Crypto has changed a lot. 3 stablecoins died in 2022 and few altcoins have collapsed pretty badly to have any form of trust in market.
First Bullish Wave in Financial Recession
As most of the people who are in the lay-off phase. They are going to put up the paper to the office in January that means the market may not get the investment from fresh investments that particular month.
So the first bullish wave requires a lot of market positive signals. We can expect the market to recover once the initial financial recession wave slows down. It may take few more months of new year and may not happen in the first 2 months atleast.
HODL is the only option
For those who are on Hive, increase your HP power. And if you have enough, give it to the curators and earn the rewards along the way. Keep building the portfolio and HODL if you want. As that's the only option we have.
Portfolio reduction may not be a good idea unless you are invested with the altcoins that have no use case and has no strong future. In that case HODL seems to be a good option for top coins like - Bitcoin, Ethereum and Hive.
Ever since we have been through the Pandemic, each month we are seeing something new in the crypto. Lot of coins falling, blockchain projects going slow and also the bear market going the longer in the due process.
A lot of things changed and the christmas effect hopefully atleast stabilize few of the top coins if not get them to low value.
Let's hope for the crypto to regain the bull movement in 2023.
Posted Using LeoFinance Beta
Imagine here pretty soon we are going to continue watching the consolidation of the crypto market and even more of these criminal idiots get canceled out of the technological future.
There is still quite a bit of corruption and issues going on with cryptocurrency however this post is really correct.
Personally I think that right now absolutely is a great accumulation phase and HPD savings interest rate is excellent as well as diesel pools trading and our own tribal decentralized exchanges!!!
Absolutely a phenomenal time to be alive!
My question is do you have your account automated and have your diesel pools set up yet!
Just like you have said, it is best to HODL and keep staking up our Hive power to earn more rewards and also delegating to curators and hoping for the bull run.
Posted Using LeoFinance Beta