What is said, what is omitted
I hope Project Hope community that everyone is very well, I wish you a great weekend. Today I want to bring to discussion a topic that I consider very important based on the current economic context, and especially to make contrasts between what are the stock prices and the prices of cryptocurrencies.
The big media, YouTubers (probably paid for that) emphasize the big decrease in the price of Bitcoin and ethereum, being these the main currencies. And it is true, they have lost up to 50-70 % of the price since they reached their ATH, we cannot deny what is in sight.
But there is another detail regarding the stock shares, and of these, these same people do not mention it.
Considering that the average annual gain of the stock market is 9%, talking about the SP500, for example, which has lost 19% since the maximum reached in January of this year, means that to obtain gains based on 9% per year we would have to wait up to two or three years, and this is not something that some people point out.
Another clear example is the big fall of the Nasdaq, which brings together all the shares of technology companies, has had one of the biggest falls in its history, companies like Netflix have fallen large percentages, above 50%, but still, they do not want to mention that at the time they talk about the falls in the price of BTC and Ethereum.
With this what I want to emphasize is that it is true that the coins have fallen in an impressive way, and it is quite likely that they will fall even more, at least according to what I can see, but we all know that prices go up as well as down.
It will not be all the coins that will survive this crypto winter, that is also true, but those that continue to exist despite these big drops will have a great recovery and will come out stronger, do you think the same?
I would like to know what you think about it.
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Twitter | Instagram | Discord | Youtube | Telegram: @josevas217
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Looks like we are heading towards recession and this is kind of that affect.
@tipu curate
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I’ve lost count of the tweets and headlines that imply or even claim that "Bitcoin is dead". The silver lining is most people are more constant now than they were during the past bear market of 2018.
However, discrediting crypto at times like this seems to get those "Youtubers" the attention they desperately need
Thanks for sharing @josevas217
Hi dear friend @josevas217
I think that if the war between Russia and Ukraine ends, the market will go up quickly, but I fear that it will take a long time, that war seems to have no end
god bless you