There's always a lot of talk about an economic and financial crash. While there are a few who think everything will keep going up, I think we are going to see a mix of both. Allow me to explain. It appears #Crypto is heading towards a market cycle top with a full fib extension.
This is likely to happen sometime between now & spring. There is also a lot of analysis that supports full fib extensions and market cycle tops for the #NASDAQ and the #DowJones at the same time. This is based on a fib cycle start for the NASDAQ in March of 2000 with the #Dotcom
bubble burst and for the #DowJones in Oct of 2007 with the financial crisis. I agree with the cycle start for the #NASDAQ but see the fib cycle start for the DowJones beginning a month before the #Dotcom bubble burst in Feb of 2000 and extending to the #COVID19 crash in March of
2020. The #DowJones does not reach a full #Fibonacci extension between Feb 2000 and Oct 2007. A full fib extension for the DowJones is only reached between Feb 2000 and Mar 2020. This would suggest that a new fib cycle start for the DowJones in Mar 2020 would reach a full fib
extension at $66,900 in 2030 or later. So based on a full #Fibonacci extension we have the #NASDAQ topping in March or April of 2022 at $17,869 and the #DowJones topping at $66,900 about a decade from now. #Crypto market tops with the NASDAQ in the spring and the cycle resets.
But what about all the money printing JC you may be asking? Well, we will see the #NASDAQ & fiat money take the brunt of that for the time being but here is where #CBDCs will come into play. CBDCs are designed to bridge the liquidity between the legacy system and the new digital
system. While the #NASDAQ and #crypto are crashing inflation with fiat currency will still continue. The #DowJones will have some volatility but will trade sideways for the most part. Value and liquidity will pour into #gold, #stablecoins and newly launched just-in-time #CBDCs.
Keep in mind that not all nations will be launching #CBDCs at the same time. Those first out of the gate will manage their way through the volatility a lot better than those who are late to the party. Though the #Crypto market appears to follow the bull and bear cycle of the
#DowJones it is likely it will ultimately align with the more tech-oriented #NASDAQ at the cycle end. When the cycles reset #CBDCs and #stablecoins and #DeFi will be absorbing the value and liquidity from the legacy system which will then begin to fragment away and the DowJones
and the #NASDAQ along with all other stock markets around the world will begin to be tokenized and added to the expanding pool of global liquidity. 2022 and 2023 will be big years for #CBDC and #Stablecoin adoption as well as #crypto products such as #DeFi and real-time payments.
We're early but things are about to light up as critical market cycle points are reached. I remain very optimistic overall and don't see a massive financial and economic calamity. Though it's probably a good time to exit the #NASDAQ and #Crypto in
the coming months and look for immediate entries into #stablecoin projects and #DeFi offerings (or #gold) and plan for new market entries for #Crypto and the #NASDAQ sometime in 2023. This is my working strategy at this time but will be watching to adjust as we move forward.
I've covered my #crypto#exitstrategy over the next few months in other tweets. But in summary, I'll be looking to rotate $DASH $BCH $ZEC and $EOS along with $SGB and $CSC into $XRP for the last parabolic move. Targets are included in the following tweets, starting with $XRP
$ZEC
$EOS
$DASH
$BCH
It's difficult to set price target ranges for $SGB and $CSC because there's not enough trade history but I am looking for +$2.00 USD for $SGB and +$0.10 USD for $CSC. Happy trading and best of luck to all of us. The world is about to change and we are all standing on the edge. 🚀
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We do not live in a world of facts. We live in a world of narratives. Narratives are designed to engage us on an emotional level. These narratives are also almost always built around two opposing dialectics. The world is both directly & indirectly/intentionally & unintentionally
managed through opposing narratives of varying contexts, be they political, religious, cultural, socioeconomic, anthropological, scientific, etc. The human mind opposes itself & as such externalizes endless emotional narrative dialectics. It's woven into our very existence. So
the next time you find yourself emotionally engaged against an opposing concept or idea, ultimately being a narrative, calm your mind, step back, and see through the illusion of the mind. Breath and see that you can simply observe without being emotionally engaged. Truth is not a
There's a lot of speculation around me stepping back from supporting @CasinoCoin. Everyone needs to keep in mind that I did not work for CasinoCoin and there could be a lot of different reasons for stepping back. Whether there was something bad or not, I would not say so because
it's not my place to communicate such things and I'm not interested in crypto drama. The truth is I'm extremely busy with my regular career and if my own priorities and timelines don't align with a project's priorities and timelines, then I will step back. @QuadJacksCSC was kind
enough to ask me to write blogs for the project. Jack and I shared a marketing vision so it made sense. @daniel_wwf supported this and I declined to be paid for any of it. With Jack moving on it was best for me to take the opportunity to step back. For me, crypto is first and
1/8 Someone needs to hear this right now. Especially if you’re new to crypto. No one knows what this market will do. Least of all anonymous online personalities. Crypto is a new asset class and is going through dramatic birth pains. There will be more. But understand that there
2/8 are varying levels of crypto. Some are designed for institutional use, while others are for pure speculation and fun. All want to be taken serious. Not all will be. And there is everything in between. We are moving through the total speculation phase of the market and into a
3/8 utility based consumer and institutional based market. This will change the market. Dramatically. The Wild West days of crypto will come to an end. So position yourself wisely for the future. But have some fun along the way. After all, it is crypto. But temper the get rich
1/9 Why did the German mark in the Weimar Republic hyper-inflate? Why hasn’t the USD hyper-inflated? The obvious reason is the USD is used globally. The mark wasn’t. But it’s not that simple and those seemingly opposing facts tell us something very important about the developing
2/9 relationship between fiat currency and cryptocurrency. A money supply can grow and it will have an organic supply and demand influence on the value of that currency. But value compared to what? Herein lays the answer. The German mark didn’t hyper-inflate because so much was
3/9 printed. Though that seems like the logical outcome. It hyper-inflated because the exchange peg arrangements with foreign currency were adjusted to accommodate that printing. This change meant it costed more for Germany to import goods and their exports collected less.
1/10 John Searle in his seminal work The Construction of Social Reality posited the idea that there was no objectionable reality within human social constructs but only institutional reality, such as money as a human institution. Money has value, or is an institutional construct,
2/10 because we all collectively agree that it does, and is. The institutional construct of money has always changed. Narratives that move mass institutional awareness are often weaved years and decades in advance of institutional acceptance. This is an organic process which
3/10 seldom requires direct human orchestration, though such orchestration can exist. Under the umbrella of money, there are competing value propositions that feed the higher construct. But there is always a dominant value proposition that serves the overarching institutional