The #crypto market is down, but #blockchain and #cryptocurrencies with legitimate use cases, especially those backed by big money, aren’t going anywhere.
I’m not an expert in finance. Not an expert in anything, really. But I am observant. I watch. Listen. And I’m pretty good at putting things together. I’ve been in crypto for about five years. Feels like twenty. This is good and bad. It’s been exciting. I have learned much. I’ve made money. Lost money. But overall, I’m up and very comfortable. I am not worried about the overall crypto market. It will rise. We’ll be just fine. This time right now? I think it’s the resting period. Those that know are waiting, getting in line, and tidying up their portfolio. Out are #meme coins, worthless #NFTs, and phony #nodes. In are utility #tokens and projects that address pain points and provide actual solutions. Do some research. There’s still time to load up on gems.
Today, the big boys continue to place their bets. Old money now has its hands in this new asset class. Old money is doing everything it can to tame and shape it. It wants control. To stay in power. The more people it can scare away by manipulating headlines, sentiment, and the market, the better off it is. Old money wants to maintain its status. It’s power. If you don’t think old money can manipulate the market, think again. A 1.2 trillion-dollar market cap is pennies in the whole scheme of things.
The work continues in #blockchain and in #crypto. It’s not going to stop. That’s the beauty of it. The train has left the station. The failings of the old economic system have been visible for a long time. Crypto is necessary. Even the great Jamie Dimon figured that out. People like him can bash crypto all they want, but they’re lining their pockets, nabbing up fintech companies, and doing all they can to maintain their stake in the game while scaring others away. Those of us that got in years ago and have held onto bags of crypto that have use cases will do well. Very well.
It’s not too late. Now is the time to get educated. Research, invest wisely with only as much as you can afford to lose.
~@cryptokj2
just a guy writing about lots of things, including crypto, and yes, I own some of the tokens I write about