Focusing on what matters
You should be pretty exhausted if you have been thinking about crypto and the global markets for the past several months. I haven’t seen that high uncertainty in my career.
We’re at a whim of what the Fed says, which doesn’t necessarily reflect what it knows or will do. Yet, it’s what influences risk-on markets like equities and crypto the most.
The major topic of the discussion is whether the Fed will pivot from being hawkish to printing money closer to the end of 2022. So far, we’ve seen mixed signals. Inflation seems to be rolling over, but Jerome Powell expresses caution.
If September’s CPI print reflects inflation decline (and there are reasons to think it will), the Fed might want to be less aggressive with hikes despite Jerome Powell’s recent warnings. But that’s the uncertain future which increases volatility and sends prices down.
Uncertainty is stressful for those fixated on price moves. Thus, I think a healthier approach is to find productive things to do until things get clearer.
Dollar-cost averaging into fundamentally solid assets when the market is on its way down is difficult. But, it’s the most reasonable thing to do. Slowly buying assets doesn’t mean “fighting the Fed.” By the time the Fed eventually pivots, good entries will be gone.
On top of that, crypto regularly offers opportunities to benefit from being early. Nivesh and Anthony highlight them weekly. And if you are a whale, you probably already know what to do from Sergey’s Almanac.
By regularly doing simple activities that the research team highlights and keeping your DCA going, you will escape the fatigue of trying to guess the Fed’s next move. Instead, you will maximize your chances of winning big once the market turns bullish.
Disclosure: The author of this newsletter holds ETH. Crypto Briefing and members of the research team hold some of the Pick of the Month coins mentioned in the table above. Read our trading policy to see how SIMETRI protects its members against insider trading.
