The Time For Accumulation Is here

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The Time For Accumulation Is here

Markets come in waves or cycles. A market can never always go up and pretty much in most cases can never just continue to come down. While a single asset could the general index or crypto market cap simply can't there's way too much invested value in it now. Even with the huge sell off that 1 trillion dollar market cap is lightyears ahead of where it was just three years ago.

The time we live in right now which seems crazy difficult to many is the accumulation phase. As things shift around and assets sell off and lose and projects go broke as long as you invested in many projects and the core fundamentals you're most likely well off moving into 2023.

What Will Take Place In 2023

2023 is most likely going to be a huge year for crypto. Two core fundamental changes will be taking place.

The first is Bitcoins halving will only be about a year away which as we have seen in the past the rally takes place around then and the halving is already priced in months ahead of time.

The second is Ethereum moving to a proof of stake system. This is going to cause a drastic reduction in the amount of Ethereum will should skyrocket the price. This also will most likely sky rocket everything connected to it. That means two very big events will be happening next year which have proven track records.

Speculation is coming in that bitcoin will hit $38,000 by end of year. I've always been more reserved and so far have a rather solid track record of being pretty on point. For me I see bitcoin moving between $27,000 - $32,000 range and bouncing tweet there as we roll into 2023. Of course that higher end could come if Ethereum pushing their PoS system sooner but so far that doesn't seem to be the case.

Right now is a time of accumulation again as over the next three to five years we will most likely see another rally which dwarfs the rally we just had. While many write it off as a one time thing from stimmy checks and lockdowns it feels more like FUD at work trying to downplay the real power bitcoin, blockchain and crypto has.

Most of this stems around a prediction that we are heading for a recession. But when we look at the numbers we already hit that and have been in one for the last 8 months. This most likely means we have another pretty rough 6 months which guess what... Takes us right into 2023 which everything should be pretty well filtered out and core quality projects will begin to explode.

Do you feel our crypto winter has already set in or do we have a few years of this again?

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11 comments
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This us really a good time to accumulate as many crypto as we can, the future is bright.

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Ethereum moving to a proof of stake system.

I want to see that. It seems like a neverending promise.

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I think it depends on how the 'crypto clearing' will last. The old/weak has to give way to the new/strong. The two major events that are about to happen in the near future will definitely push the market upwards but for how long? Now is the best time to accumulate because everything seems to be for sale at a cheap price, whatever happens in the future, you'll find yourself in a good position provided you accumulated enough right now.

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I believe if these two event happen in nearest future it will Boost the market cap, therefore before the time it's right time accumulate more in our portfolio.

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There is time for everything and I believe the bear market will not last forever it a matter of time the bull market will take over its own period too just that we don't no the exact time and day

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I'm totally agree with you in everything you express in this post. The truth is that neither the bearish cycles nor the bearish ones can be eternal, because as their name indicates, they are cycles, and therefore, they alternate respectively.

The current state of the market is, as you said, an accumulation phase, and this means nothing more than the fact that whales are accumulating Bitcoin and other major cryptos to then shooting up the prices market at some point. So, which we can be sure of the trend will reverse at some point in the future (sooner rather than later).

For those who believe that everything will go to hell, I tell them that there is so much of money invested in the market and many interests in cryptos as to fall into FUD and the mistaken belief that everything is over for cryptocurrencies. So we have to remain optimistic in such a sense, because we have a lot of reasons to it.

By the way, what you said about the 2024 Bitcoin Hard Fork is one of the things that I always try to explain to people when we talk about it. In fact, from my point of view, I really believe two things:

1- Approximately for the months of June-July 2023 Bitcoin and the crypto market in general will begin to recover (because as we well know, when Bitcoin price rises, almost all altcoins will do the same).

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2- In December 2023, Bitcoin will be in full bullish trend (and almost all the altcoins in the market will be too) as a prelude to the BTC hard fork that will take place in 2024.

I found your post very interesting. Thanks for sharing. Greetings.

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Definitely I sincerely agree with you as the bear market will definitely come to an end one day, right now is the best time to get more and hold too

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