I still think anyone thinking a bull run happening one year after ATH must be ignoring 2 things big time. First, which is the most important, that we are in the middle of a great economic recession, probably the worst one most people have ever seen, for me, the worst for certain. Prices of everything is going up, except investment and assets which is going down. Secondly, that never in Bitcoin's history will a bull run happen so fast after ATH.
Of course, I hope you guys all enjoy FUN however you please, for me, happy to get the rewards regardless of what happens to FUN price
Well, it is not to ignore all these things either, world events do think a lot about Bitcoin and the entire crypto market, when we talk about the FUN tokens, the first thing that comes to mind is their price, when reading some users who say that the price of the token went down, it is much lower than the previous time, I am not worried, if for a BTC price of $20k, it is yes, then when BTC reaches more than $100k things will be very different and many will be happy, it is inevitable that when the price of BTC increases the FUN tokens will rise, that is what has to be psyched up, meanwhile better things continue to come out for having fun topkens and benefits in freebitco.in you have to enjoy.
Maybe you didn't really get what I was saying, it's actually pretty confusing to read your huge long sentence with no full stop
It's okay to talk nd think about price of course, but it's pretty naive to think we can get bull run just 12 months after ATH. Because doing that it would require you ignoring all the bad things happening around us. So the economic conditions and the history, we can't ignore.
I mean look at the market now. 1 bad news from FTX and BTC loses 20%
Well maybe I didn't explain myself very well, but in general terms it's just doing a quick analysis, if Bitcoin goes down, everything goes down in price, the tokens even more, the only way to be seeing the market every hour is if we are in the trade in the short term, and the price of FUN tokens is a direct consequence of the behavior of Bitcoin.
What is happening worldwide can be interpreted as a recession, but not completely, because the inflation of the dollar affects the markets, and it is as you say, perhaps the problem with FTX and Binance is something that has nothing to do with the Bitcoin, but speculators and investors in the market take the opportunity to make their Shorts, it is a matter of opportunity, and as Binance knows that what they did was not right, they came out saying that they were not interested in buying FTX because of their financial situation, but after their FTT token fell, and they lost millions, that affected a lot, in fact for Binance there should be consequences, because they shouldn't get involved like that, for FUN token investors, it also affects them, but that won't completely distort the trend of Bitcoin. (although it sounds silly, I still believe in the S2F model).
What I have noticed is that every 3-4 years there is an accumulation stage and an ATH is generated, perhaps for now it will not go through the "fundamentals" so quickly, in this order of ideas I think that the FUN tokens will rise in price but yes and only if, the price of Bitcoin goes up, if it reaches a new ATH it will be much better.(It should be noted, this is just my speculation and thoughts on what is happening and what is happening with the Fun token.)