First flight!
The Crypto Owl is bringing you the best crypto news.
The Owl learned how to fly, so here it comes to the wide world.
Coo! I am the Crypto Owl, your best friend to-be, that won’t let you sleep. Ok, kidding. I am hunting at night. Not only for worms, but for more education, too.
If you’re interested in crypto, but don’t have enough time to read everything about it (because, man, there’s a lot going on), I’ll be there for you. Every step of the way.
I’ll give you the most relevant, interesting, sometimes funny (because why not?) news from the crypto horizons. In other words, I’ll be your personal crypto-ish Hedwig the Owl (if you know, you know).
Let’s start!
For the first newsletter, let’s start things lite and on today's menu we have:
🥗 STARTER: Bitcoin speculations are everywhere
🍜 MAIN DISH: What’s around the corner for crypto?
🍩 DESSERT: Tip of the day
🕛 Estimated read time: 5 minutes & 22 seconds 🕛
BITCOIN SPECULATIONS ARE “WILD ACROSS THE BOARD”
This week Youtube is going crazy about Bitcoin. And how it is finally (finally!!!) going up, which is good news after 8-9 week of watching the red color in the market.
So, in case you love saving time as much as I do, here are the main takeaways after watching 20+ videos this week and getting rid of all the fluff:
Bullish moves are evident, because Bitcoin finally rises up a little bit. What does that mean? If Bitcoin goes up, it will drag up the rest of the market. According to stats, Bitcoin can possibly move 20-25% up (reaching around $38 000), and altcoins in that case might move 50-80% up. Some might reach 100% or more. Great!
Inflation is also crazy right now (probably you’ve already noticed that as fuel prices are skyrocketing these days). Why is it important for us? Because inflation rates also have a huge influence on the crypto market: basically, if inflation rates start to get lower, then the crypto market is more favored to go up; alternatively, if inflation rates continue to rise, all crypto market will continue going down the hill until something else happens. But for now, we are living under the cloud of uncertainty, so let’s stay hopeful and vigilant.
Well… the majority of crypto influencers talk about bitcoin and inflation from different perspectives. Sure, there are some who mentioned that big miners are selling now, because they probably think that things are getting worse (but is it, for real?), and some also hint at Bitcoin as one of the strongest growing networks. Ok, ok, cool cool cool.
So, in times of uncertainty … Let's take a look at the future of crypto.
WHAT’S AROUND THE CORNER FOR CRYPTO?
I am no fortune-teller or anything, but I highly recommend you to read this, save in the cloud and check after a few years.
Physical money will continue to exist. Period.
It is very possible that there will be less cash in the general usage for sure, however it won’t be gone for good. Even though more and more people adopt crypto for their daily (or not necessarily) uses, cash has an ability to be untraceable. Unlike crypto. Yes, you can say it’s anonymous, yada yada, but if you want to, you can trace the transactions, thanks to the transparent blockchain technology.
No one can predict how much Bitcoin might be worth. No one. At least with 100% certainty.
People who are making guesses… Well, most of them are just guessing, speculating, and sometimes they get lucky. Be aware of these speculators, there are so many of them on the internet. At the end of the day, there are simply too many variables affecting the price: the market is super volatile, we have majestic inflation, Russia-Ukraine war.. Crazy. Long story short, many people can make guesses by checking supply and demand, competition, cost of production or other metrics. One of those people (or, should I say, birds?) is me. You can check out my predictions. You’re welcome.
But no one really knows. Though, it's tempting to believe in others, who are passionate, charismatic and might seem to know what they are talking about. Some say that crypto could be buried until 2025. On the other hand, predictions now go from $100k to $1 million.
Question for you - what do you think? And your guess might be as good as anybody else’s (or even as good as mine).
What about crypto regulations?
Sooo.. talks about regulations for crypto already spreading here and there. And it's happening more often, because lots of people suffer from rug pulls, various scams, and so on. Well, basically, there is no control in crypto. Like, the previous crash of Luna - it couldn’t be stopped or controlled somehow. A lot of people lost A LOT OF money.
Politicians, governmental institutions are suggesting to regulate crypto. Strictly.
Continuing on this, there is, as I like to call it, hybrid currency made of crypto and fiat currency - CBDC. If you translate this, it means Central Bank Digital Currency. It's virtual money, but it’s pegged to the value of that country’s fiat currency. So, hybrid.
Maybe there’s nothing wrong with it, but I have a sense that this CBDC is for creating more control in the financial system. Like, you kinda use digital money, just like crypto, however, it's controlled by the Central bank. Kinda SUS (again, if you know, you know).
Anyway, if more crypto regulations are going to be implemented in the future, it could definitely make the crypto world a safer place (less rug pulls, scams, etc.). But there’s a BIG “but”. Regulations might affect or even stop innovation and decrease financial freedom everyones so fascinated by. Something to really think about when we’ll be looking for that silver lining to make everyone happy.
TIP OF THE DAY
⛔️ Don’t buy the dip.
If you think that some crypto is undervalued, it can be dipping even more AND it’s not the same as purchasing at a discount. Also, be aware of dead cat bounce - temporary short-lived recovery of asset prices from a prolonged time or a bear market that is followed by the continuation of the downtrend.
Generally speaking, FOMO is not your friend. Especially if we are talking about the bear market.
Because it definitely affects your actions, which can be irrational and make you lose money. At least you chose not to listen. Don’t listen to FOMO. Better focus on your goal you aim to reach with crypto.
But of course, you’re a free person, so you can obviously choose. And if you decide to buy a dip anyways, consider DCA, or dollar cost averaging, which is an investment where investors divide up the total amount to be invested. In human words, don’t invest all the money you have, divide your assets and invest from time to time periodically.
No need for “thanks”.
CHERRY ON TOP
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Disclaimer: This newsletter is strictly educational. None of this information is intended to be financial advice. Always do your own research and act responsibly with your profits.
very nice, subscribed!