Wall Street is reaching (oddly enough) a consensus around 2013. Many forecasts are agreeing. Usually, the market splits into two or more conflicting predictions. Nevertheless, At this time, many strategists are anticipating the continuation of the bearish season. Expectations are pointing to new lows for the first semester and some stabilization for the second semester. The most optimistic expect a decline between 5% and 9% for the S&P 500. And the most pessimistic expect a decline of more than 15%.
Of course this is a consensus that has been formed today with the information available today. Which affects today’s decisions as we wait for the next Federal Reserve meeting. Please note that these expectations do not include extraordinary events, unforeseen setbacks, or very exceptional turns.
Of course, the consensus is not always right. In fact, in general terms, majorities tend to be more wrong than individuals. However, in the world of investments, the expectations of others are something to take into account. Because the market tends to fulfill its own prophecies. Ironically, the predictions are not so much about the future. Because the future is a great unknown. Predictions help us a lot to understand the present a little better.
In this case, “consensus” actually means the vast majority of institutional investors. Obviously there are dissident voices as well. But, right now, these voices are a minority group. In the retail world, there are much more diverse positions. According to many crypto enthusiasts on Twitter, for example, Bitcoin is revving up to go to the moon at any moment. It seems that this bearish period has its days numbered and, in a matter of weeks, we will enter bullish territory. And indeed many retailers are buying the fall with high expectations. In fact, the current channel is staying afloat with the efforts of a few retailers. The volume is very low. But hope is high.
What do the optimists know that the cautious don’t? Not much. The memory of past glories. Lines on a graph. A lot of passion. A lot of emotion. Much dogma. And many aspirations. Unfortunately, what we need now is demand. We need buyers. With the desire and strength (liquidity). Where are the buyers?
Now, let’s talk about the top crypto news of the week according to Cointelegraph in Spanish. This is not a news summary. This is an opinion article. The intention is to reflect on the following headlines in a skeptical and critical way. This is an article for free thinkers.
Meta will “continue” with its metaverse plans despite doubts
The plans continue, but with a fallen wing. The metaverse is no longer the priority when the core business is in trouble. Meta will “continue” with its plans, but with fewer staff and fewer resources. Of course, declaring the “death” of the metaverse at this point is obviously an exaggeration. However, considering the latest events, it would not be the most foolish thing in the world to speak of a delay.
Ukraine collaborates with international consultants to update its cryptocurrency regulatory framework
Well, we are talking about a country at war that depends on the international community to survive. All donations are welcome. And all forms of payments are being taken into account. This is more war news than adoption news. The emergency demands that the battle take place on all sides. And, in relation to money, everything that comes in is good.
The crypto community is baffled by the fact that Sam Bankman-Fried dictates the conditions to appear before the US Congress
Sam Bankman-Fried, founder of FTX, has said that he will testify in front of Congress (USA) in relation to the collapse of his exchange, but, according to him, he is still not very clear about what happened. Then all of a sudden he’s still not ready to attend the December 13 hearing. that is, nohe is giving you a cheap excuse to evade his responsibility. I’m going, but I’m not going to say anything of value. I just know that I don’t know anything.
Surely, the “genius boy” will repeat the same strategy applied during his last interviews. Innocence by ignorance. That is, this white dove did not know that one of his companies operated on his exchange with leverage. And she, too, did not know that the collateral was made up of the native tokens of the exchange itself. I mean, the man did not know the trap he had set up. To another with that Chinese tale.
US Senator Ted Cruz, a bitcoin supporter, wants Texas to be an oasis for cryptocurrencies
Politicians always want to talk to the press. And they love to participate in events with entrepreneurs. If there is a microphone, the politician will want to talk about the wonderful vision of it. Of course the opportunities are many. But, and the regulation for when? Without regulatory clarity, an entrepreneur thinks twice before investing in a mining operation. Is Texas going to give tax benefits? Are there special financing programs? What are the rules of the game?
I am unaware of the regulatory framework that governs cryptocurrencies in Texas. Nevertheless, I don’t have to know many details to know that an oasis is not formed with desires alone.
Rumors of a new native “Twitter Coin” surface as Dogecoiners hold out hope
Of course there are rumors about it. Now with Twitter in the hands of Elon Musk, opportunists are looking to fish in a troubled river. The king of manipulation creates ups and downs with his tweets. And these tweets are used as signals to buy or sell. Then, there is an army spreading rumors preparing the ground for the tweeter in chief.
In the world of speculation, rumors tend to be more powerful than news. And the anticipation of the event is more dynamic than the event itself. So, the “true” or “false” of rumors is largely irrelevant. The important is that rumors are making headlines and the press is falling for it. The Dogecoin community is looking for buyers. And the highest value card is Elon as Supreme Emperor of Twitter. So, this rumor about a “Twitter Coin” becomes the perfect alibi. If the rumor turns out to be false, jump off the Dogecoin price. If the rumor turns out to be true, the price drops and the first sellers make money from this “dogecoiners keep hoping” thing. Today’s hope is tomorrow’s profit taking.
Disclaimer: The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information presented here should not be taken as financial advice or investment recommendation. All investment and commercial movement involve risks and it is the responsibility of each person to do their due research before making an investment decision.
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