Weakness.
If you need some cash over the next 12 months...now is probably the time to cash in some crypto. Long-term crypto investments however, you HODL. And if you’re using any crypto for a (better) medium of exchange, do not convert that.
Crypto is obviously the future of finance. And the long term picture looks fantastic. But it looks like we are going to take a bull market break. Even a Sprint Runner has to rest occasionally.
Bigger Picture.
Even though crypto has many more advantages than the legacy system...which prompts many institutions, governments and people to inject their capital into crypto, pushing prices up. Do not underestimate the power of credit...which drives the price of most capital assets up.
And who creates credit? Central banks and financial institutions. If that credit dries up because of policy or market changes, the vast majority of capital assets, including crypto, goes down...regardless of how awesome we think crypto is.
Crypto does not exist in a vacuum. It is heavily dependent on legacy credit. A lot of the momentum in crypto is coming from institutional money (sovereign wealth funds and governments to follow).
And one big important point...crypto has not been through a sustained debt crisis. We've only seen crypto in an expansion economy...where credit and debt has only been expanded.
So be careful out there.
Stay frosty (and solvent) people.
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