StandWithCrypto Movement

I woke up to a brand new red market before the FED meeting over the interest rates. The expectation is passing June without any increase or decrease in the rates and this created a huge hype in the global markets.

As usual, the crypto ecosystem is tied to the conditions in the global markets and the decisions of the regulators. So far, the attitude of policy makers in the U.S. has been extremely negative and Gary Gensler is harshly criticized for his destructive statements that may harm the ecosystem deeply.

When we look at the market, everything is purely red and the "strong" support levels were broken in many altcoins. In the current situation, it is going to be too hard for altcoin investors to have another position in them. Meanwhile, there is another buying opportunity if you are a real ape for your beloved coins.

The Crypto Market Will Survive

One thing is obvious that technology will run the world. When you hear technology, there are two strong market that come to your mind: Nasdaq and Crypto.

Any country that turns back to crypto ecosystem will 100% lose the opportunity to grab talented blockchain developers, strong start-ups, liquidity and taxes that will come from the future of technology. As far as what we have seen, the U.S. is not going to be the first stop for the new projects.

Until now, Singapore and Hong-Kong are looking pretty good to establish your crypto project. Also, since 2019, Malta is one of the popular destinations. Frankly speaking, if you are living in a country where crypto regulations are welcomed by the policy makers and these "regulations" are not to kill the ecosystem but to attract projects to utilize from their facilities, then you are very luck!

Tech over Gamble

Let's be realistic. Crypto ecosystem consists of 99% garbage coins that only harm the owners. Creating a token is almost free and if you can deceive thousands of people, you can easily take their hard-earned money with a narrative.

As the number of frauds increases, the toleration limit will be exceeded as expected. Then, both strong and futuristic projects and garbage coins will be punished together.

I still try to look at the cases from a positive perspective. The regulations may not be here to kill the ecosystem, rather, they may even create a strong foundation for us to attract "real institutional investors" when there is enough protection and regulation for their funds.

When we consider the total market cap of the crypto ecosystem, the ecosystem is still an infant.

Finance Yahoo

Sooner or later, the growth of the market will not be different from that. Regardless of the positioning of giant institutions, richest countries or economist, this technology based market will survive and evolve! Meanwhile, all we have to do is finding good price levels t o make Dollar Cost Averaging for the gains. My personal observation is that the majority of crypto investors are heavily exposed to the cryptocurrencies and they have limited diversification in their portfolio, too.

Paradigms Always Shift

I believe the market will start recovering as of October or November. Personally, I'll keep piling up cryptocurrencies that are strong in term of fundamental, utility and community. There is no need to be depresed IMHO.

It may not be possible to purchase Bitcoin at $25,500 or HIVE at $0.22 - $.28 like today. So, one side of mine is feeling extremely greedy to make some more purchases.

All in all, no need to be depressed. We may need to adjust our overall exposure to crypto ecosystem in our investment portfolio. Also, crazy strong crypto projects are also sold at a discount. It is time for me to fill my shopping cart with some oversold cryptocurrencies.

Hive on 🙏🏼

Posted Using LeoFinance Alpha