Quote from: Luzin on October 24, 2022, 01:45:50 PM

Quote from: Mr.right85 on October 23, 2022, 06:13:18 PM

It's a hood thing of you acknowledging the uncertainty part of the whole development but it seems from your comment, your more about the speculation of a dump rather than a rise. Your opinion though and I don't stand to argue that but I think, the market has dumped just well enough with its dip for this bearish market somewhere around $17k.

Imagining a dip below that would be thinking too harshly on the market and a take so bad on investors. I mean, this is a fall from an ATH of $64k. I think the market would or is already slowly correcting itself and would fully be unto the bulls after the halving.

It is a natural submissiveness if we look at the history of the decline that occurred after the ATH in the previous period. If you count in percent it may be almost the same. Perhaps today the differentiator is the problem of a bad world economy. The world economy will be difficult when the World Bank raises interest rates, but countries cannot get income. It makes the flow of money to crypto may go down because they prefer gold Or even they are sipping the stable coin to wait for the best moment to re-enter the market.

As far as I am concerned, the worst has gone, cryptocurrencies would not be badly affected again as they had been in the next 2 years. 2023 is the only year between now and halving and the economic woes and inflation that caused the pain for the coins would surely subside with the decisive measures being used by world leaders in checking it. We have neared a recession already, but this does not state that we are in a recession, and it will not be the first time that a reversal will happen at its brink.