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MyCryptoOutlook2022 — What to expect in the future?

2022 年 4 月 29 日

We have been a few weeks with the market totally red hot. Since 2021 it was known that 2022 might not be a good scenario for cryptocurrencies in general, but nobody imagined that it would be so hard and just starting the year.

It all started on January 5, 2022. The market was already in decline, but not very pronounced, and Bitcoin (BTC) would have managed to stabilize around $46,000 USD, when its crash began.

As always, you have to look for the causes of it in the international news. Analysts point to the recent release of US Federal Reserve minutes that suggest interest rates could rise sooner than expected, thus curbing investors’ appetite for riskier assets. However, according to specialized cryptocurrency websites, the interruption in the development of cryptocurrencies due to the internet blackout in Kazakhstan has become a determining factor in accentuating the loss of value of bitcoin.

BTC and other cryptocurrencies are developed or ‘mined’ by high-powered computers, usually in data centers in different parts of the world, that compete to solve the mathematical formulas of encryption in a process that consumes enormous doses of electrical energy. If there is no electricity, there is no mining. If there is no mining, BTC or cryptocurrencies do not exist or are affected, as is the case.

Since China took drastic measures to curb cryptocurrency mining in its country, a large part of these miners settled in Kazakhstan. Kazakhstan has rushed to fill the gap, offering displaced miners cheap and plentiful coal.

The US accounts for 35.4% of the world’s hash rate, followed by Kazakhstan with 18.1% and Russia in the third position with 11.3%.
When China started to ban mining in their country, Bitcoin and cryptocurrencies started a rampant decline, and mining suffered quite a bit at the time. But everything was put back together thanks to this migration of mining.

But a few days later, coinciding with the worsening of political unrest and power and internet outages in Kazakhstan, the hash rate fell from 18% to 14%, according to data from the mining company BTC.com. In addition, the not-so-encouraging news from the US is causing us to suffer one of the worst falls in recent years.

Are BTC and cryptocurrencies a bubble?

“Bitcoin is a bubble and when the music stops it will explode” Pascual Blanqué, investment director of the Amundi group.

Except for the differences, there have been different financial bubbles over the years. These are:

Tulipomania
South Sea Bubble
Crash of 1929.
Financial and real estate bubble in Japan.
Asian financial crisis.
Bubble dot com
2008 economic crisis.
Real estate bubble in Spain (1986 to 1992)

One of the most famous is the Tulipomania and it was the first to exist in history. A financial bubble caused some tulip bulbs, which were rarefied by a non-deadly virus, that ordinary tulips obtained a different color. The price skyrocketed, until one day, no one wanted to buy at a higher price, and a series of wild sales began, leaving many bankrupt.

I don’t think something similar happens with cryptocurrencies. These have come to overcome the problems of centralization and to give financial freedom to everyone. Although some have achieved the goal more than others.

Personally, I don’t like to open my wallet, since the USD disappears 100 by 100. But I am determined to leave my cryptocurrencies for the future, and in a few years, for my little son.

What to expect?

We have to be patient and if you are one of those who do not trade (as I am), then there is nothing left to do but wait. Reviewing information to write this article, I have found news from different previous years, where the headlines are: “Bitcoin heading to 0”, “Now if the bubble has broken”, “The end of cryptocurrencies is now”. So a good amount of headlines, of those people who do not look beyond their noses and who are reluctant critics of development. They are those people who put all their capital in the Bank, for this do what you want with it and pay only a few crumbs in a year of having it there. I am not saying that everything should be in crypto, FIAT money is still necessary, but it cannot go against the development and decentralization of capital.

If we had gone by these headlines, whenever things tend to go wrong, the crypto world simply hasn’t existed for a long time, and yet here we are. When things stabilize, and I’m sure they will, eventually the floodwaters will settle, the price will stabilize at support, and start looking for its all-time high again.
I think that precisely the BTC will be the one that takes the lead when the time comes. The mother of all cryptocurrencies, the one that started first, is obviously the one that will break all forecasts this year 2022. Many experts and analysts, give it above $100,000 USD this year or in 2023. When this happens, all the others will go like little lambs following practically the same graph, some with a higher % than others. In that case, we could expect ETH to go above $15,000.

There are many who believe that BTC has failed in its mission, the one it proposed when it all started in 2009.

If you read it well, you will realize that it is a failure. It is true that it works in a general sense, but it would not occur to me, as a normal user, to send some satoshis from my wallet now, to pay for a meal in a restaurant. The fee of the transaction, in addition to the delay, would be impossible to face. To solve this, other cryptocurrencies have been created that solve these problems and that do work as instant payment methods and with an extremely low fee. But it turns out that most people, in my humble opinion, are not interested in this anymore. They are simply holding BTC in their wallets for short-term or long-term profit. If they had to send cryptocurrency to someone, they simply exchange their BTC for another cryptocurrency that would be more efficient to make a transaction and solve this problem.

DEFI/NFT/GAMEFI

The world and technology have evolved in an incredible way in just half a century. If you stop to think that my grandmother had no electricity and that they lit with candles, then you realize that you are living a golden age. I believe that we have developed in these 50 years, as never before in humanity. Where will we end up? No one knows except for Elon Musk, who is clear that it will be to the planet Mars.

Decentralized finances, without a doubt, give us independence and financial freedom. Not depending on a financial intermediary like banks and many others, make us free in every way. We have absolute control of our assets.

“NFT stands for a non-fungible token, which basically means that it’s a one-of-a-kind digital asset that belongs to you and you only. The most popular NFTs right now include artwork and music, but can also include videos and even tweets.”

The first time I heard about NFTs, it literally blew my mind. It is not for less, I did not understand (I still do not understand) how someone can pay an extremely large sum of money for a digital photo. Some have sold for millions of USD. I guess the world is getting weirder. But we can’t do anything other than just go in and take advantage of these opportunities.

“GameFi or Game Finance is a concept that emerged in the cryptocurrency industry that combines the ecosystem of Decentralized Finance (DeFi), blockchain games, NFTs and even DAOs.”

In a short time, we went from Play to Win games to Play to Earn. The game Axie Infinity is the one that popularized the Play2Earn mechanic.
This game has pointed the way to new open and digital economies, built by the players themselves.

Although playing the “Play to Earn” mechanic requires time, strategy, or skill, players are rewarded with real value for their effort, time, and knowledge. If we take as a reference that in 2021 Axie Infinity generated a sales volume of more than 3,800 million dollars, through NFTs. Data from DappRadar shows that the blockchain game has celebrated more than 11 million sales from its 1.4 million users. So we can take into account that we are facing a new revolution that is just beginning.

A few months ago, another game called Pegaxy began to become popular, which I have had the opportunity to play personally. It consists of a race of 12 futuristic horses, since they have wings, in which, if you manage to be among the first 3 places, you receive a reward in the $VIS token. Even their stadiums where the races are held, they cataloged as Metaverse Stadiums. The Metaverse, in a general sense, it is a virtual 3D universe in which you can live as an avatar and experience everything in the real world. A super investment experience that will make you feel free. It would be great if in the future these games moved to this stage.

I believe that these opportunities are excellent to diversify our investments and that they will be quite profitable in 2022 and in the years to come, we will certainly regret it if we do not take advantage now. Perhaps an NFT that seems silly to you today, and you buy for a few USD, in the future someone will think is worth a few thousand or hundreds of thousands of USD and you win the lottery. For my part, I am HOLDING the VIS token that I have been earning passively, when the Pegaxy game becomes more popular, it will surely go to Mars in the same rocket that Elon Musk launched.

To play Pegaxy, you need to get into the Polygon network, and you also need to buy some Matic, in order to pay for some transactions and pay the fee in many cases. If you don’t know how to acquire Matic, then I can recommend the Exchange BitYard.

BitYard is called to be one of the best exchanges in the world. Since BitYard started in 2019, it has not failed to impress everyone. It is one of the few exchanges that actually lives up to its slogan and keeps the word “Easy” in the first place at all times. I met BitYard through a contest and decided to register at that point. In just 30 seconds I was already registered. The user experience from then on only got better and better every second.

You have everything you need there: Buy and sell, trade through Spot Market and Futures, even if you are not very good at trading, you can opt for the Copy Trade option and select your favorite trader after filtering and seeing all those that are available.

Without a doubt, BitYard will never stop surprising you. If you are a lover of the world of cryptocurrencies, this will be your favorite place from the moment you click here.

Grow Your Future In The Yard with BitYard!

Finally, I wanted to make reference to The Giving Block. As I am always learning, and I almost always come out from under a rock and I find out last, which does not matter to me, the important thing is to get out and not stay to live there all my life, lately, I am seeing The Giving Block everywhere. I went to her website and did a little research on her, and it really blew me away. It is simple, elegant, and fast. Undoubtedly, “is the #1 crypto donation solution, which provides an ecosystem for nonprofits and charities to fundraise Bitcoin and other cryptocurrencies, be found by crypto donors, receive funds instantly, and become part of a network of crypto media partners to support their missions.”

Just wait and be patient. Do not be afraid of the market in the red, it is not the first nor the last time. This story is just beginning. New ATH will arrive in the future.

Originally published at https://www.publish0x.com.

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