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Do you also muse about the things you are reading on the internet? I tend to do that sometimes even way too much, and far too long. Also this week! So what was it actually that got me musing this week?

Keep on dreaming

Hold your breath, and make sure you don't immediately fall into a crypto depression. It seems that El Salvador's grand plan to make Bitcoin their national currency hasn't quite worked out as expected. Despite the government's enthusiastic efforts to promote cryptocurrency adoption, it appears that less than 2% of all remittances in the country are made using cryptocurrencies.

Did we expect this? There will certainly be a group of realists who foresaw this. You simply can not force an entire population to start using a cryptocurrency that they don't trust, nor want to learn about. And what also comes with a steep learning curve, and in where trust really does matter. But there must also have been cryptocurrency lunatics who hailed El Salvador's decision as the best moment in the short history from digital currencies. They foresaw no trouble, just hallelujah! They were probably too busy popping champagne and tweeting about the impending crypto revolution to notice the signs of impending disaster.

Yeah, there are probably people who laugh about it, even if it's not such good news. Unfortunately, it still appears that the majority, also in El Salvador, has no confidence. The fact is, of course, that this is not the news that El Salvador had hoped for, maybe not even the news that we want to see as a crypto enthusiast. I'm not quite sure how this news will be received, and if we can expect some downwards movement on the markets. Let's just keep it at, for the time being, the dream of El Salvador does not seem to come true, the future will show how things will go on and whether sentiment will turn once the bulls run around again.

March Correction?

In other news we have the crypto analysts. And if we have to believe them it doesn't look good for Bitcoin, and the overall crypto market in March.

According to some expert analysts, the price of Bitcoin could fall back to $19K in March. That's right, folks. Don't say I didn't warn you. Sell all your Bitcoin now!

Well back to the analysts. Of course, these self-proclaimed analysts have a lot of very complicated reasons why they think they know this correction is coming. It has something to do with Fibonacci retracements, moving averages, and who knows, maybe even planetary alignments. You know, all the usual things that always get called out, and which Bitcoin has always adhered to so well. If the Fibonacci doesn't work properly anymore, maybe the moon phase does its job better. And well to make sure they are right, they immediately make a prediction that if there is no decrease, then we will see an increase coming in March! Can't you also see how hard the analysts must have studied to understand this complex thing? We really should respect their knowledge, right?

Okay, enough sarcasm from me. Let's keep things real here. No one knows what is going to happen with Bitcoin in March. Maybe it will go up. Maybe it's going down. Maybe it will dance a little and sing a song. Who knows?

The one thing we can be sure of is that there will always be people trying to predict the future of Bitcoin. They make big proclamations about where the price is headed, then sit back and watch as the market does whatever it wants. There will also always be people who buy Bitcoin and people who sell Bitcoin.

So if you're worried about this impending 'correction', don't worry too much. Sit back, relax and enjoy the ride.

The Sunny South

Good news for any crypto enthusiast who dreams of buying real estate with their crypto! Are you tired of using boring fiat currency to buy your fancy villas? Well, have no fear because Spain has you covered. That's right, Spain now has the largest number of properties available to buy with crypto. Do we all see chances here? Is everyone right now packing his bags and running to Spain?

Or do you think, "But wait a minute, won't the value of my Bitcoin fluctuate wildly between the time I make an offer on a property and the time I actually close the sale?" Just don't think about that. That's part of the fun!

Maybe you even have to explain to your broker what a "blockchain" is, but that just makes it more exciting. Who doesn't like to spoil people with new technology?

So, if you are looking for a Spanish property and you are tired of using boring old dollars or euros, why not give crypto a try? To ease your mind, buying a property with your Bitcoin is a better choice as buying a pizza for 10K Bitcoin, right?