What are your predictions for when the crypto market will go back up?
What are your predictions for when the crypto market will go back up?
What are your predictions for when the crypto market will go back up?
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I think that because the economy is in a recession and it's only going to get worse in '23(IMO), that it might be a while, because gold and silver are what most will be investing in. They are moving up right now. The last two years have been great for crypto, which reminds me of 2017/18. The market was roaring, then in mid'18 it all stalled out and Hive( then Steem), which reached $10 earlier in the year hit 10 cents and stayed there for 2 years. I think we are going to see something like that again, but it might spike as tax returns start to come in.{{{ I am not a professional and this is not financial advice, lol}}}
We might see a little bump 3rd quarter of next year right around the tax deadline and then back to the new lows and further consolidation. Mid of 2024 is when its going to start picking up and all the way in 2025 with a big boom IA.
Well, markets seem to always do the opposite of what you think. Interest rates screaming up after the inflation boom. Housing market has come to a screeching halt. Traditional markets have air coming out of the balloon. Party in power doesn't care about spending, spending, spending or over-regulating our traditional energy markets, which affects energy and supply costs. Could have more pain to go! Sooner or later, the sellers will get exhausted and then professional money, money on the sidelines, will come flooding in and stimulate the markets.
I am optimistic that SoMee will sign a few million new members, align with a binance or polygon type infrastucture, infuse huge liquidity into SME, from our $50 million dollar investment deal. What I am saying, is that I hope SME, SAT, SOMEE will become unthethered from the market and explode up as SoMee progresses as a company. Hoping, optimistic, this happens before the next crypto bull market.
We shall see, good luck to SoMee and all SoMee stakeholders!!! :)
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Great explanation, thanks Ron!
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Now edited, yes, I can spell optimistic correctly. :) Sometimes you wonder where the mind goes!!! :) Happy to New Year to all you Someeians!!!
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what do you mean by cryptocurrency? There are hundreds of types! Some will go up some will fall!!
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