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Photo by Mario Gogh on UnsplashEmployees will receive their paycheck in the period as a reward for their work. However, the employer wants to pay less to employees so that they can have maximum profits. The tension between working and anti-working has increased ever since. TL;DR Nobody wants to work unless they can pay fairly. Fiat payment may not be sustainable to satisfy what workers can contribute if the employer continues paying less and gaining more from profits. Employees will want thei...
xuanling11Stablecoin Crisis
Stablecoin is in the crisis mode. The most reputable stablecoin USDC is depegged. It is all triggered by the traditional bank collapse - Silicon Valley Bank or SVB collapse. Why traditional bank collapse impacts crypto stablecoin? Let's sort this out and reveal how stablecoin operates. First, why SVB collapse? The short answer is overleveraged. SVB is one of the 20 largest commercial banking in the United States. Some even estimate the bank owned half of startup assets. Bank operated in ...
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Technology isn't always directly translate to what we desire it to become. For example, we wish social media to become a place to keep in touch of others but it created another whole new level of distrust and misinformation that spread like a Pandemic. Be careful of your wishes! Like AI we think they can bring up a new level of the game in the creative industry and possibly to replace writers like you and me, but can they? It seems they are very powerful to execute what we want them to, ...
xuanling11Crypto Paycheck
Photo by Mario Gogh on UnsplashEmployees will receive their paycheck in the period as a reward for their work. However, the employer wants to pay less to employees so that they can have maximum profits. The tension between working and anti-working has increased ever since. TL;DR Nobody wants to work unless they can pay fairly. Fiat payment may not be sustainable to satisfy what workers can contribute if the employer continues paying less and gaining more from profits. Employees will want thei...
xuanling11Stablecoin Crisis
Stablecoin is in the crisis mode. The most reputable stablecoin USDC is depegged. It is all triggered by the traditional bank collapse - Silicon Valley Bank or SVB collapse. Why traditional bank collapse impacts crypto stablecoin? Let's sort this out and reveal how stablecoin operates. First, why SVB collapse? The short answer is overleveraged. SVB is one of the 20 largest commercial banking in the United States. Some even estimate the bank owned half of startup assets. Bank operated in ...
xuanling11The only way
Technology isn't always directly translate to what we desire it to become. For example, we wish social media to become a place to keep in touch of others but it created another whole new level of distrust and misinformation that spread like a Pandemic. Be careful of your wishes! Like AI we think they can bring up a new level of the game in the creative industry and possibly to replace writers like you and me, but can they? It seems they are very powerful to execute what we want them to, ...
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This is great that Bitcoin can recover 50% within three weeks in 2023. Recent market rally makes people more confident to invest in the risky asset such as crypto. The only problem is that we are still in the bear market.
ChatGPT suggested that:
A bear market is a period of declining stock prices, typically defined as a decline of 20% or more from recent highs. The end of a bear market is typically marked by a sustained period of rising stock prices, often accompanied by increased investor confidence and economic growth. It's worth noting that determining the exact end of a bear market can be difficult, as stock prices may fluctuate before fully recovering. Additionally, bear markets can vary in duration and severity, and it's possible for a bear market to transition into a bull market without fully recovering to pre-bear market levels.
It seems the recent recovery with its intensity to climb back to $23K for Bitcoin, is a big win but here are some indications that the bear market does not ease and it will come back soon.
One of the indicators is that the Fed does not ease the constraint of the monetary policy and interest rates will continue rising even though the inflation cools down.
It really depends on the Fed's goal to bring the down to 2% of the inflation rate. The Fed will drive the economy to become slower to approach as close as possible to 2% inflation. This may include rising interest rates and forcing to cool down the labor market.
What drive the market to go up are whales and institutional investors, if they do not feel the right time to invest, the market is likely bearish.
Photo by Zdeněk Macháček on Unsplash
This is great that Bitcoin can recover 50% within three weeks in 2023. Recent market rally makes people more confident to invest in the risky asset such as crypto. The only problem is that we are still in the bear market.
ChatGPT suggested that:
A bear market is a period of declining stock prices, typically defined as a decline of 20% or more from recent highs. The end of a bear market is typically marked by a sustained period of rising stock prices, often accompanied by increased investor confidence and economic growth. It's worth noting that determining the exact end of a bear market can be difficult, as stock prices may fluctuate before fully recovering. Additionally, bear markets can vary in duration and severity, and it's possible for a bear market to transition into a bull market without fully recovering to pre-bear market levels.
It seems the recent recovery with its intensity to climb back to $23K for Bitcoin, is a big win but here are some indications that the bear market does not ease and it will come back soon.
One of the indicators is that the Fed does not ease the constraint of the monetary policy and interest rates will continue rising even though the inflation cools down.
It really depends on the Fed's goal to bring the down to 2% of the inflation rate. The Fed will drive the economy to become slower to approach as close as possible to 2% inflation. This may include rising interest rates and forcing to cool down the labor market.
What drive the market to go up are whales and institutional investors, if they do not feel the right time to invest, the market is likely bearish.
Photo by Zdeněk Macháček on Unsplash
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