It is true that we are between a rock and a hard place. On the one hand, we have inflation. Namely, with every inflation setback, risky assets (such as Bitcoin) plunge. Why? Liquidity is the life and soul of speculation. And, without liquidity, investors become more conservative. In other words, the appetite for risk decreases dramatically. In this field, the Federal Reserve of the United States is the one that controls the strings of power.
On the other hand, we have the economic slowdown that reduces corporate income. Reporting season is here soon. A reduction in income could cause a lot of volatility in the markets. Including, a general pessimism. October can be a complicated month. The problem is that, in our current circumstances, many things can go wrong. And, when many things can go wrong, something usually goes wrong.
The “soft landing” idea is still possible. Of course, possibility is not necessarily probability.. Personally, I see the “soft landing” quite difficult. What is a “soft landing”? Well, a reduction in inflation to target without a recession. And I see it as difficult, because inflation induced by supply failures is not easy to reduce via monetary policy. The Reserve influences the demand. But it has no power over the supply. Reducing demand during a logistics crisis without expecting a significant slowdown in growth is not very realistic. In fact, it is quite delusional.
Now, investing is forecasting. It is not past, but future. The “expensive” or “cheap” of an asset is not measured by yesterday’s price. It is measured with tomorrow’s price. If the price of Bitcoin jumps to $30K tomorrow, then Bitcoin is “cheap” today. Conversely, if the price of Bitcoin crashes to $15K tomorrow, then Bitcoin is “expensive” today. The profit lies between the purchase price and the sale price. Buying low and selling high is required to grow financially. Here it is not very sensible to rely on past glories. What is past is past. Here the relevant thing is tomorrow. How do we see the next quarter? How do we see next year? Growth or slowdown?
Now, let’s talk critically about the top crypto news according to Cointelegraph in Spanish.
CEO of Mundo Crypto: “Bitcoin will be the reference of an industry that means freedom”
The word “freedom” means different things to different people. The concept as such is quite complex. What does it mean? Bitcoin as a technology gives us freedom, because it removes a lot of friction. I mean, it expands our universe of the possible. It gives us more options. Therefore, we are now freer with Bitcoin.
Secondly, “freedom” is a political concept. The opposite of freedom is oppression. Bitcoin, being a citizen asset, is presented as an alternative to the state. In fact, Bitcoin attracts many liberals, anarcho-capitalists, and conservatives who espouse many of the principles of classical liberalism (free market, invisible hand, individualism, and non-state interventionism). Then, the concept “freedom” is not neutral. A context is required.
Now I want to talk about another kind of freedom. The freedom to invest in non-idiosyncratic ways. In other words, invest for money. The freedom to make financial decisions with only financial goals in mind without the need to apologize or hide behind an ideology.
When did it become a sin to want to earn money? Now everything must be accompanied by an abstract concept such as freedom. Because doing things for “money” has become a kind of taboo. “It’s not about money.” “It’s for humanity.” “It’s for world peace.” “It’s for freedom.” I, personally, bought Bitcoin for financial reasons and nothing else.
Ether price could “decouple” from other cryptocurrencies after the Merger, according to Chainalysis
The rumor is bought. The news is sold. The anticipation of the event always generates more excitement than the event itself. This has been the case since the Dutch opened the first stock exchange. Of course Chanalysis is talking about something else. And they do very well in highlighting this detail. Now, after the Merge, Ethereum has an added attraction. And that could attract more institutional investment due to the returns of the “stake”. However, I think that this supposed “decoupling” at this point is pure speculation. We have to give time to the time. And let the data speak for itself.
Cryptocurrency markets see a flood of memecoins and Queen Elizabeth NFTs
The absurd thrives in an absurd world. And what is absurd for me, suddenly, is not absurd for you. If there is demand, an offer arises. If there is an opportunity to make money, there is always someone willing to take advantage of the opportunity.
Russia wants to establish rules for cross-border crypto payments before the end of the year
Complex and contradictory countries often have complex and contradictory laws. What it is is that inadequate or excessive regulations tend to stimulate the creation of gray markets and black markets. That is usually reflected in the volume of the P2P market.
Ethereum Co-Founder Vitalik Buterin Celebrates the Merger: “It’s a Dream I’ve Had for Years”
I am one of those who thinks that there is everything in the villa of the Lord. Centralized solutions are better in some cases. Decentralized solutions are better in other cases. And hybrid solutions are valid in other cases. In other words, There is no single, ideal mode for all situations. The hammer is a solution to a problem. But, for another problem, the screwdriver can be the solution. I mean, strong leadership isn’t always bad.
If I have money invested in a company, the internal mechanisms of organization are a secondary matter in relation to the results. If the company in question is making money, its internal structure is of no interest to me.
If Ethereum is improving its technology, Ethereum will perform better. That means that Ethereum will sooner or later become a better investment. In my dictionary, “centralization” is not a dirty word. If decentralization works, fine. If centralization also works, fine. The truth is that centralized or not, the Merge has been a success. Despite a few dissenters, it could be said that the support of an overwhelming majority was obtained. Y it is generally thought that the change was for the better.
Disclaimer: The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information set forth herein 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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