We have seen high contrast of market situations in real business world and the crypto space recently: Banks like SVB went bankrupt and caused a lot of fear and anxiety in the market; after a price drop within a short period, Bitcoin has gone up excessively to a high price which seems to be stable for a while; ETH and other big name altcoins have also enjoyed a price surge. More people are predicting that the next bull market is around the corner. Is this true ? Or are you ready for the next bull market ? I am with FireDAO team, in charge of the global community. Please let me know if you are interested in our new project.
That's how it should be! We have had multiple discussions in the forum about decoupling traditional markets from the crypto market. And I am happy to see the current trend. When the traditional market goes down, the crypto should serve as a exit point for the traditional investors. I believe that's exactly what is happening and for good.
I am not too much bullish for a bull run of cryptocurrency now. What price surges we are are seeing should stabilize shortly. I believe that's always better than a unrealistic bull run and a collapse afterwards.
I would guess that the reason why the traditional markets go up or down matters to crypto as well. When it was a global pandemic and printing of a lot of money that was a good thing for stock owners and the bitcoin owners because fiat going down in value means these assets would go up in value.
However when it is a stock market crash, like what is happening right now to the banks, that means crypto would go up since it's not having a crash like stocks. This is why it's quite important to remember that you should be having a bit of a good result in the end and have some sort of big profit depending on why the traditional markets move, not which direction but why.