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Crypto Research

Modern Economic Nonsense — The market is broadening rug pull everyone

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The global stock market has been going through challenging times in recent years, as supply and demand have dipped at different points. However, as is often the case with a volatile industry, this dip has led to opportunities that would not have arisen if the market had stayed at a steady level. The market’s diverse nature means that everyone can find opportunities. So how come the market is from hero to zero within 6 months? 

What are the current market trends?

In the first six months of 2022, the stock market was down by 20%. However, the crypto market is down about 70%. The fact that the market is down as fast has never happened in recent history. There is a growing need for non-merino wool, and this is likely to create opportunities for investors. However, the market trend is very negative due to very negative the market sentiment that goes near zero! 

The need for change is clear

Why people are so negative about the market trend. One of the reasons, thanks to social media, institutional investors create an illusion that everything is doomed, so they had accumulated money to buy the dip and make retail investors be fools of selling at the low is one of many reasons the sentiment is so low. If the economy is really that bad, the government should cut its spending to fight against the downturn. However, it is the opposite of what has happened. The government increases spending! 

Where does the money go

The market sold off, and it will continue this year. The money all goes to the government. That is why the government continues spending crazy while the rest of the market is going lower. Everyone just got a rugged pull from the government. Everyone got rugged pull this time, thanks to experts and economists.   

Diversification of investments is not working here

When everywhere is down, diversification is not a way to enter the market. The government’s rugged pull makes it worst. The crypto market goes down with this trend as well. However, the crypto market has whales that will turn the market around without influence from the government. Do not enter into the stock market when the government rugged pull everyone. It is a time for losing money rather than gaining. 

Tangible assets will become increasingly popular?

As the economy slows down, people begin to look for investments that can hold their value. This is why gold and silver have become so popular in past years. However, if you see the commodities market, everything is down. The only thing that is up is the dollar. The Fed is collecting debts from everyone who received their printed money in 2020. It is time to pay off your debts. Even the tangible assets are due on their debts. That is why we need the crypto on the check of the fiat currency. 

Conclusion

The market is broadening its rug pull from everywhere. This is a warning for everyone to rethink their savings. There is no way to escape the downtrend unless the crypto market fights back against the trend and creates its own path in the future. 

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Crypto Research

Crypto is a good investment or not

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Many people buy crypto to believe it is a great investment. However, it may not be the case.

I asked ChatGPT about the crypto investment and here it is:

Investing in cryptocurrency can be a good opportunity, but it also comes with high risk and volatility. It is important to thoroughly research and understand the cryptocurrency market before investing. Additionally, it is recommended to diversify your investment portfolio and not to invest more than you can afford to lose.

Here are some misconceptions:

First, crypto is not a traditional investment that requires a conventional way to invest. Instead, it is a catch-or-miss investment that you really need to time the market to make profits.

Second, you do not need to hold for too long if you need money quickly. Crypto tends to perform badly long term than average assets did.

Third, high risk only sometimes has high rewards. Many crypto with high risks may not ever provide high returns eventually and many go to zero instead.

Last, do not go FOMO because you are likely to become a bagholder.

There is not missing out and it is too late in the crypto. Rather, you should always keep an eye on the market.

Photo by Jon Tyson on Unsplash

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Crypto Research

Mother of all bubble

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We are heading into a bubble economy and there is one that is about to pop.

ChatGPT suggests that a financial bubble is:

A financial bubble is a situation in which the price of an asset, such as a stock or a commodity, becomes artificially inflated due to excessive speculation and investment. This can lead to a situation where the market becomes overvalued and eventually collapses, resulting in significant losses for investors. Bubbles can occur in a variety of different markets and can be caused by a number of factors, including low interest rates, economic growth, and investor sentiment.

Let’s take Tesla as an example.

Tesla CEO is Elon Musk, who purchased Twitter last year and believed the company can help Tesla to make more profits.

Does it? Or he tried to inflate Tesla instead?

If you go to Twitter, there is less opposition than a supporting voice.

Elon Musk sells Tesla cars and Tesla stocks.

People purchase cars to help pump the stock price and when stock price goes up, people want a new Tesla.

Despite all the bad reviews about the car and its questionable autopilot feature, Tesla cars sold quickly and stock goes up no question.

Is this a Ponzi scheme?

Similarly, cryptocurrency is also highly speculative.

It goes up a time to time, but people buy the narrative without further investigating how useful the crypto really is.

What if people stop buying the crypto, will that still go up?

What if the economy is so bad and the interest rate is high that people have less money to buy more crypto?

We will see how it goes.

Photo by Pawel Czerwinski on Unsplash

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Crypto Research

One more thing NFT can do

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California will have a pilot program to use NFT to record car titles as an innovation of record management. 

ChatGPT stated NFT is:

NFT stands for “non-fungible token.” It is a digital asset that represents ownership of a unique item or piece of content, such as a digital art piece or collectible. NFTs are created and stored on a blockchain, which is a decentralized digital ledger. This allows for the creation and transfer of ownership of digital assets in a secure and verifiable way.

Finally, the government has realized the use of the blockchain, and it will reduce government spending while providing more accurate information to citizens.

I think blockchain has more utilities other than money. Digital money is the first step in testing society’s compatibility, but the blockchain should focus more on providing services rather than investing to people.

That blockchain service can be essential for society later rather than simply going to moon-style investments to create unsustainable pump and dump.

Such government collaboration is the first step to making blockchain a social system.

Photo by Coinhako on Unsplash

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