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Giorgio Sferraza
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IF YOU ARE IN THIS MARKET YOU MUST KNOW THIS...
In the world of cryptocurrencies, a market cycle refers to changes in the price of cryptocurrencies. They are called cycles because they follow patterns of rising and falling prices. These prices obey the sentiment or emotions of people, who ultimately put or take their money out of cryptocurrencies to define their value. Although we all know that whales can change the direction of prices in the blink of an eye. The market is entirely emotional; investor confidence is an emotion mediated by what happens in politics, in the economy, and in the markets. Cryptocurrencies are extremely volatile, including Bitcoin. This is why investors, in situations of uncertainty (not knowing what will happen to the economy) or due to fear of an economic recession, abandon volatile markets and take refuge in gold. Cryptocurrencies are so susceptible to changing their price that a news item, such as one about new artificial intelligence, is enough to crash their value. The narratives of cryptocurrencies have gradually stopped mattering. With the arrival of Donald Trump's and Melania's MEMECOINS, all the potential that cryptocurrencies represented as a possible medium of exchange was thrown out the window, at least from Donald Trump's perspective, whose purpose was revealed when he launched a couple of MEMECOINS before taking office and the permanent threats against Europe, and anyone who dares to challenge the dollar. The threats include one hundred percent tariffs on those who want to trade with the U.S., and even a blockade or military intervention. Donald Trump aims to reclaim the lost ground of the dollar through cannon fire. Those of us who once naively thought that Donald Trump would defend cryptocurrencies were mistaken; it was just a strategy to capture votes. For Trump, cryptocurrencies, as he stated in his first term, have no value whatsoever and only serve to make money, just like a casino or a betting table. Trump knows how to manipulate people's emotions and knows that those emotions determine where people will put their money. He learned that since he started in the shady real estate business, where he used the cruelest tricks to acquire properties and people's money. With Donald Trump, the narratives and technologies of cryptocurrencies come to an end, and casinos officially open. The latest thing he has done is to cut in half the staff regulating cryptocurrencies. This is simply giving a free hand or power to the currency owners to manipulate their prices without legal or penal accountability. An era of deregulation has begun that will plunge the crypto market into chaos and darkness 🌑. And of course, Donald Trump will continue to invest in exchanges with his MEMECOINS or any currency he can manipulate, as is the case today with Ethereum, which he is moving at will to recoup the millions he spent on the campaign. And you know this is a zero-sum game: the money you lose goes into the pockets of people like Donald Trump and Elon Musk.
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee.See T&Cs.
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