Hello BROs. Welcome to a new Friday Market Musings blog.

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What a time for Market Musings! Yesterday I noticed a tweet with a question to the people who have been in crypto for five years or more. Does this bear market feel as bad as the long crypto winter of 2018, or is it worse?

I found the comments interesting to read. I myself experienced the crypto winter of 2018 differently. Also, because I had only just started blogging. The realization had only just dawned on me that I had now ended up in the oh-so-risky crypto. I had no other investments. And nothing to invest at all. I also had no income, so anything I made from blogging was more than nothing. It certainly wasn't fun! After all, I had seen much higher prices, but I didn't really worry either. After a while, I started to seriously wonder if the price would ever go up again. We know what happened, right? We've all seen the price go up.

This bear market, or is it already a crypto winter?, whatever ... it feels different from 2018. Probably because I feel the pain of falling prices more now. But it still feels less bad. It hurts, yes, and the doubt can easily strike again. At the same time, I see that crypto is so much more mature than in 2018. In 2018, we didn't have DeFi. There was no Yield Farming yet. You had few opportunities to earn despite the falling prices. And well, there was no over-leveraged trading back then.

There is confidence!

Yes, this bear market, feels very bad. And at the same time, I saw in the responses to the tweet a general confidence that this time is also coming to an end. That crypto will certainly not cease to exist here. When this bear market/crypto winter will end? I don't know! Statements about whether the bottom has been reached and when the bull will return I do not venture. Simply because no one knows… In addition, crypto also has to do with the state of the global economy. AND, not entirely unimportant, the changes that are taking place on the world political scene. Everything affects crypto prices.

I also saw a tweet asking, "What if crypto winter is yet to come?". And actually I think to myself that as an influencer, you should not encourage negative sentiment in a market that is already so uncertain. Well, that's my personal opinion. I also get that influencers want their attention…

Okay, back to the market for now.

Now I wish I could bring more positive news. Not encouraging negative sentiment, but I don't consider myself an influencer at all. And I just want to be honest and stay honest. Then I come to a conclusion. It actually doesn't look very good in my eyes for the short term. The FTX fallout is still spreading, and it looks like it could trigger another panic sell off at any moment. Should the panic sell off come, the entire crypto market will take a deep dive again. We can only hope that it turns out not too bad and that this new deep dive will not happen. I don't even look far ahead, it's impossible to predict what can happen.

It's almost TOO much

So much is happening left and right. If you have just recovered from the shock you received from "Event A", you will find yourself already in the middle of the next shock wave from "Event B". This can be a fallout of event A, but also a new standalone event, which in turn can lead to "event C".

You can best compare the feeling of this bear market, as I am currently experiencing it, to the feeling you get when you get on a rollercoaster. The cart booms up for a moment and then races like an idiot through several deep drops with the strangest bends and finally at the end of the ride you get out. Completely shaken up, but with an adrenaline kick in your body that still makes you want to do it again next time.

As people say so much in crypto,

"Whatever happens, ENJOY the ride".

NEVER invest more than you're willing to lose

And by this I obviously don't mean that you have to play with certainty. So NEVER invest more than you are willing to lose. It is and will remain cryptocurrency. And investing your lifesavings is NEVER a smart idea. Another tip I want to give is, TAKE SOME PROFIT. Even if it seems little. Greed has gotten many people into trouble. Last for today. Do your homework and read the white papers. It cannot be said enough. You play with money, you should never do that without knowledge about the product you invest in. Even if it's just crypto you've earned from blogging and want to reinvest.

Well, hopefully you understand ... I've rambled enough for today, the crypto markets are not very favorable. Perhaps it is time for an offering to the crypto gods? Would that make them more favorable?

This too shall pass

All I can say is, "Hang in there! This bear market / crypto winter is coming to an end" Let's hope I can post some more positive messages next week!