Quote from: blue_hurricanger on Today at 09:35:32 AM

If wasn't because of the recession looming at large, I would've placed my bet on another bullish Q4 like almost every Q4 as before. But since this recession so no bullish for this Q4. If you're in the manufacturing sector, there was a grim situation. Most new orders are drying up, jobs are cut because of that. Seem like everyone in the US/EU tighten their wallet. The Consumer Price Index is increasing while Purchasing Power decreases indicating clearly the effect of inflation is kicking in.
What does this mean for Bitcoin and crypto overall? It means no more leisurely purchasing gifts and overspending on the Christmas and New Year's Eve seasons. Same for Bitcoin/cryptos, I expect strong sell orders took over the market instead of buying orders.

They are in a bearish cycle and maybe the 4 year cycle is still repeating itself, there are usually short-term rallies. With what's going on in the world, I really couldn't expect more, what we can expect is inflation will drop, and war will end, only these can help us think of a bull run in the last days of the year.

The decline in purchasing power is not only happening in the US and EU, if you live in a poorer country you will see how people are struggling with energy and expensive goods. People don't even have enough money to spend everyday so investing with them now is too far away.