Green means GO!

I remembered writing about the bull market earlier this year stating that it does not matter in which way the market is going - the fact that the general mass of the world population is embracing the digital concept of everything. That means, we can only go up right? Well, maybe in the long run. Or everything will be just be a dystopic one. Like this youtuber Munecat pictured to us in the video. I still recommend you to watch it although its been uploaded for quite some time, but it does highlight few keys of degeneracy that has been plaguing the space now. You might get some clue of what type of narratives that will shape the future of crypto on top of that. Whatever it is, have a spin.

Munecat: Web3.0 A Libertarian Dystopia

Where are we currently?

The likes of boomer generations are not being excluded in the transition from the idea of only tangible assets are valuable to digital assets is the new trend, while the gen z and younger are born with phones in their hands. They are the digital babies. Anyway, you could catch that article here if you want to know if what I thought of generally has happened. And as just expected the market will pull out once the peak is slowing down (it did). Now, all of this is happening before halving, so what does it mean?


It still stand that the crypto industry is the in thing now among retailers and big businesses alike. Why not? Its trending, Its lucrative, Its exciting, and Its 24 hours for 7 Days whole year! I am unsure how would one be able to speculate this but, all the money that is supposed to flow into the market, well, has flowed in. The market is currently in a constant battle of buy and sell. By pretty much the same whales. The retailers are getting their a$$ kicked pretty much all the way. Most of them anyway, especially the small retailers who bought at 72K. Of course, there will be bunch of people who will buy at 75K. BTC is exchanging hands faster than I could get my PC start running. Much of it is because of euphoria of BULL market. That is what it does to people, where everything will pump, even the elusive dog & cat meme coins. The bear speculators has given up their position 2 weeks ago. Bull rejoice! Maybe.

TLDR: Alex Becker is popular for being a grifter, he's an exception though when it comes to his understanding of the ins and outs of market movement. He's trolling most people, so, becareful if you watch his video, you might get offended. lol.

Where are we most likely now

Now that all the pockets are empty - leaving one option. "Who is going to dump first?". As it turns out, the market has dump, following the failure of BTC breaking the 75K price tag. For now. As I am writing this article at 20th of March 2024, the price has dumped to 61K-63K price range - and I am guessing the ones who are dumping are the ones who bought at 40K-50K. They have earned a profit of 50% out of their initial investment and is looking to dump that money once floodgate to Altcoin season starts.

Edit: The market has since bounced back to high 67K. Most people who dumped at 73K bought back at 63K, smart I guess. The only caveat to that is one have to kept standing on their toes. Some just resort to botting anyway. Some lose their money due to marginal errors. lol. Sounds exhausting. Why not be like Bob and just buy and hodl till altseason? 😂 NFA though. Crypto is best known for its volatility. But we may have been staying at overbought territory now especially on altcoins. Who knows, more money could come in and we all make it.

IMO, the season will not yet start in few months time. I can imagine the meme coiners sitting on their bags sweating profusely waiting to dump it. lol.

What about the halving event? Isn't the price supposed to pump?

Well, the reality is the pump will not happen because right now the market does not feel the effect of scarcity as of yet. You are not supposed to feel hungry again right after eating a moment ago. You'll feel hungry once the food has been digested and pooped out of you. Sorry that may seem graphic to some of you. But nonetheless, that is what is currently happening right now. People are still in the hangover due to the high of pumps, not realizing that the BTC supplies are dwindling down and the next time they want to buy it, the seller wouldn't want to let it go for less than - the peak price.

Since the price will be determined by the guys/ big company guys who mined the tokens, whom do not wish to be separated from their coins for less than their electricity bills. If the price goes below that, then these companies will shut down their operation and render BTC ecosystem at jeopardy. Another risk to the investors, I guess. The new low price for BTC will be established in the next 6 to 12 months though. Might as well get in now.

Image source here

Now, with the halving event coming, which would mean it would take double the electricity bills (and difficulty) to mine the same amount as of today, the price of BTC will double as well - at minimum. It might not correlate directly but, as mining gets harder, the amount of work input for CPUs will increase. The last dump saw about 16K per BTC at its lowest dump price. With halving, that floor price could go to 28 to 32K per BTC after halving event.

Let's forget about how the government will use the ETF to manipulate the price for now. Most of these people just understand how to use a chart - not the tech that produces the assets. They will do what is necessary to "protect" the investors. When the new money is not flowing in, then where would we get the pump from? Heck we can get it from the everlasting money printing our governments is going to do from this point on. Inflation is currently out of control (let's face it, it was never in control before, the government is doing their best just to subset it) and it may suggest few companies, big companies like Banks will be at the frontline of bankruptcy. The higher the inflation, the higher of the price of digital assets become - as people are trying to reduce the reduction of their money's value, they get into gold and bitcoin.

What I personally think

Of course all of this is mere speculation. Like I said, the companies could just leave their operation, due to skyrocketing electricity bills and overheating hard wares are too expensive to deal with. Or, all of us will be forced to buy 30K BTC of the lowest price - if any of us is lucky enough.

For sure the crypto market is still under the influence of heavy speculation and no one could determine the price of BTC, but my take is this. It will get much expensive to get into BTC in the future - and BTC might not be the best asset to trade with. "might" might be not accurate to say, it WILL be just like ETH and expensive to trade with. That leaves us with 2nd layer protocols that attempts to make transaction cheaper, and some other good altcoins that delivers on their roadmap. Outdated altcoins like Cardano might bit the dust at that point for being too slow to improve their protocol. I'm sorry, that is just how it goes in tech world.

I guess one do buy BTC to trade, but rather to just keep in your wallet and be left with dust. Projects that could keep BTC traded in the cheapest way possible, will stay relevant in the industry for a very long time.

Well, whatever the market will bring, I am just super excited about the revamped Bulb token and its staking! The burning system, is a strong narrative builder. Can't stress that enough. With that, me caring about BTC, has never been as low till today - because honestly the dust is still trying to settle. It can never though, its crypto.

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