Don’t worry about China, it will all be fine! Highly respected President Xi just had a bad moment. He doesn’t want Depression for his country, and neither do I. The U.S.A. wants to help China, not hurt it!!! President DJT
(TS: 12 Oct 12:43 ET)
So if you haven't already realised by now, you were all tricked in January to believe a "pro-crypto" president was being elected to pump your bags and save you.
If you also haven't realised, this president thoroughly enjoys making money with his friends, as he was and always will be at core, a businessman.
Unfortunately for you, you may have recently been at the mercy of this mans tricks.
Fortunately for you, this man and his friends likely aren't done with this market. He and his friends likely have some rather exquisite positioning following recent events.
(Bare in mind he's just a public spokesperson for the narratives and likely working in coordination with other powerful entities).
Anyway...
Long-term, this will likely be incredibly devastating for Crypto and from a public perception basis this won't be helping with any mainstream adoption and likely prolongs any potential for this sector to be taken seriously.
Short-term, possibly throughout the duration of Trumps administration the market has a window for glory. Maybe 2 bullish cycles.
I said this a long time ago, but when these moments come people will forget the strategic implementation of all of this leading to likely this moment.
The unwinding of regulatory restrictions etc, essentially allowing what's happening now to be legalised.
This tarnishes the crypto sector, whilst also allowing our investments as chance to flourish as the president likely wants money just as all of you do from this market.
This is also why I believe in an alt season, because it will likely be 'them' that have caused this crash and 'them' that will help recover it to unfathomable levels.
Everyone that has been liquidated or capitulated now will be straight back in if we rapidly break ATHs again soon for BTC and alts start to fly, which I believe will probably happen over the coming weeks/months.
They will likely look to milk this market for everything it's got to offer. If we see the next phase upwards initiate, the retail (hopeful for altcoins) will be right back in, bringing in the biggest amount of exit liquidity ever seen.
Whether throughout Trumps administration at some point or once administration changes hands, heavy regulations will return from the next administration, weaponising Trumps actions as the ploy to begin the transition to destruction and heavy regulatory measures. It will be the perfect excuse to regulate and likely begin operation centralisation and CBDCs.
Whether this will be the cause of the bear market and the finaliser of the bear market is yet to be confirmed. Time will tell.
The ride is likely not yet over and I believe will be greater than most anticipate, especially for alts.
But you must not be blinded by what follows if it does.
You must take profits and you must be cautious.
What follows as a result of all that has happened so far and what will likely happen next carries greater risks moving forward from a regulatory and public scrutiny standpoint.
Fortunately, humans have the memory of a goldfish and rising assets and portfolios will quickly detach them from the reality of the situation as the herd mentality quickly latches on and everyone praises crypto again.
Quite frankly one of the greatest psyops ever likely underway. You cannot really execute the transition to greater centralisation until you've got everyone back in for the ride again. Which we know likely results in altcoins returning for the party.
Just my thoughts enhanced from before. Have always been the same and have always said this.