Is anyone here bullish in USD terms for this year?
For the first time since 2015 Ive run out of hopium.
It just looks so bleak. 😔
The market was never going to just bottom out and go back up to December levels in a couple of months. That said, this isn't 2014. The amount of awareness, knowledge and infrastructure creation in crypto is huge.
There is also a plethora of utterly terrible projects cluttering up the market, too. There must be differentiation in the market, and many projects need to fail, in order that the strong survive and ultimately become trusted and used and therefore attract the capital that is coming in.
Long term - very bullish. This week? This month? Not nearly so.
For XMR I am still feeling August will be interesting, autumn good. Prices doing another 10x is a way off yet, though.
As long as BTC doesn't dive into the slough of despond, it's looking pretty good after the run we had. The market is doing remarkably better than I feared it might as a whole.
18 months ago, I would have laughed at anyone predicting the BTC price that we are looking at now, and today's XMR price would have been a dream come true.
Without wishing to patronise, be patient? A dull grind is just how it goes sometimes - it has to. It is a small price to pay for the sunshine days to come.
And before too long, they will come.