Crypto Cycle: The Current State of the Crypto Market and What will Come Next
Surrounding | Internet Vs Crypto | Harsh Reality | End Game!
Friends, today we will not discuss any coin. We’ll try to find out why we arrived in the crypto market and whether or not it’s useful to us. There are many who have departed. In the end, everyone in any market seeks profit.
Profiting in cryptocurrency has now become a pipe dream. Profit has only existed in the dream and is only perceived in that. Profit is not seen in reality right now. In such a case, what should one do now: avoid crypto or reconsider the market?
It is essential to first understand how the crypto cycle works.
Cycle
Today, people’s opinions of the crypto market and how they feel are influenced by the cycle. These various cycles, such as the atmospheric cycle, daily routine cycle, and cooking cycle, represent a pattern or step-by-step phase. This cycle is true in both bull and downturn markets. We are currently in a bear market, so we know where we have reached in terms of the cycle.
Surrounding
Many financial influencers and market participants’ attitudes on cryptocurrency have shifted dramatically in recent months. The influencer believes that even when the term “crypto” is spoken, it is referred to as a hoax, a fraud, a fake project, poor fundamentals, hacking, terrible management, and other derogatory names. The simple reason is that they do not want to be associated with the term “crypto” in today’s world. They are forcibly stealing the name of crypto in the first video because of what he stated in front of the people.
Harsh Reality
Let me tell you a harsh reality.
Many influencers say, “Buy The Dip, Buy The Dip,” but never do. They merely provide us advice; they do not believe the advice they give to themselves. He leads us in silence like a madman.
As soon as the market bull run begins, these influencers bring several new coins in front of us and ask us to buy and stake. When everyone clicks on the purchase button, the market will have risen dramatically.
Internet Vs Crypto
With all of this, I want to highlight that while the market is not in excellent shape right now, this does not imply that the whole crypto industry is in bad shape. In some ways, cryptocurrency is similar to the internet. The internet contains both excellent and terrible stuff.
Many excellent things may be learnt by seeking, and you might discover new methods to express yourself. You may dig deep into the nasty things on the same internet by searching for and viewing them. What you want to do with the internet is entirely in your hands. Crypto is as well.
Even during present bear market, there are a lot of such cryptocurrency projects that are steadily growing. In a bear market, it is challenging to find financing for a project. It all depends on the cryptocurrency you chose and where you put your money.
Understanding the crypto cycle and certain patterns will help you overcome mental worry. Following this, you will naturally grasp what to do next, when to reinvest, and how to enter the market.
People’s attitudes regarding cryptocurrency have declined to the point that they no longer want to read articles about it.
Weekly BTC Chart
People learn about cryptocurrency via news channels, newspapers, Twitter, and social media. They discuss things with great excitement, and there they indicate that I invested $100 and now have $5000. A normal person has hope of obtaining money after seeing all of these things. You now believe that you are smarter than social media users and that you know how to convert $100 into $10,000. It gives us hope.
We do research using various social media channels, YouTube, and blogs. Download the exchange’s app, deposit money, and purchase coins. Such a first jump is common among normal people.
Optimism to Greed
The second stage is to be optimistic. We reflect on our own pasts and express our sadness that our lives are going to change. If you invest money in the future, you will make a lot of money, because cryptocurrency is the future. This is how slowly we begin to make money, and how our belief level progressively gets stronger. The money would be worth $250 today if it had been invested. Then you get so knowledgeable that you begin margin trading as well. The term “thrill” refers to margin trading time. Now there is so much confidence that you could acquire the entire bank. This is referred to as euphoric illness. Greed started the endgame.
- hope
- optimism
- Belief
- Thrill
- Euphoria
- Greed
Festival
After reaching the Euphoria and Greed levels, you will be in such a mental state that you will be invited to the Cannes Film Festival one day. Until this point, the bull market’s cycle has come to an end. Then, as soon as the market falls and large missiles like Elon Musk, project collapse, bankrupt, and global economic conditions start to emerge, the market will crash. Following that, both you and the market will collapse.
End Game!
The market recovers somewhat after the crash, and then appears to be relaxed. At that point, tweets began to circulate claiming that the market would soon recover and that bitcoin would hit $100,000. As soon as you reach a state of relaxation, a crash takes place, followed by anxiousness. All coins collapse in price, are hacked, and liquid crashes.
Denial mode now kicks in, followed by panic. In Panic, it appears that everything you get, you should sell it or keep it for a long time. When FTX news arrives, everyone becomes furious, and influencers spread live microphones and say hateful things. Everyone claims in the comments section that you know nothing, that you trapped us, and that we drowned.
- Anxiety
- Denial
- panic
- Capitulation
- Angry
- Depression
- Disbelief
After this comes the time of depression, then comes disbelief. There are two last levels: depression and disbelief. People’s moods are currently at these two levels. The market has risen little, which is a reason to celebrate. People suspect this jump is a fake because there have been other frauds in the market. Traders seek opportunities to short when they sense a pump. It merely indicates that the belief has ended.
When bitcoin reaches $25,000, people will believe, and the posts about crypto being dead will vanish.
The bear market will come to an end in 2023. I think the market will stabilize in the middle of 2023 and perform well in 2024.
The market is still in a bear trend, but it appears that we have reached the bottom.
Clap — Share — Comment — ☻
Disclaimer
This is not a Financial Advice. This article is meant only for educational purpose. I am just sharing my thoughts and analysis based on my many years of experience.
