Weekly blockchain news Jan 7th 2023

If you are reading this post, congratulations. You have survived the 2022 bear market! Happy new year to you.

We may be far from another bull run, however after so much FUD the market is bound to bounce back at some point this year or the next. After significant dips, the cryptocurrency market tends to lateralize. And that's what I expect for a good part of 2023 unless we see another dip caused by macroeconomic conditions.

It is just a matter of time, and patience is key during these times.

On another note, after the bear market is over you will realize how many projects you felt had substance during the bull run simply disappeared. An ecosystem that expands with every bull run, and shrinks every bear run. The rate of survival is low so pick your gems wisely.

For me, it is all about fundamentals. The fundamentals are security, scalability, reliability, and decentralization. How many cryptocurrencies have a good balance of them all? Not many actually!

In fact, in 2017 I invested in several altcoins, where many were simply a concept, without a product. They seemed like great value propositions on paper but not in the real world. That's one of the reasons why I do not diversify much. I lost money on most and I stick with value propositions that have survived the market long enough: One example: Bitcoin

So now let's take a peek at this week's major headlines. A weekly crypto brain workout that will keep your mind strong and will allow you to make more informed decisions.

Sunday January 1st, 2023: 3 ways crypto derivatives could evolve and impact the market in 2023 - https://cointelegraph.com/news/3-ways-crypto-derivatives-could-evolve-and-impact-the-market-in-2023

Monday, January 2nd, 2023: Gemini’s Winklevoss Slams DCG CEO Silbert for ‘Bad Faith Stall Tactics’ Over $900M in Locked Funds - https://decrypt.co/118245/geminis-winklevoss-slams-dcg-ceo-silbert-bad-faith-stall-tactics-900m-locked-funds

Tuesday, January 3rd, 2023: Erik Voorhees Predicts When the Next Bitcoin Bull Market Will Start - https://cryptopotato.com/erik-voorhees-predicts-when-the-next-bitcoin-bull-market-will-start/

Wednesday, January 4th, 2023: Celsius 'Earn' Assets Belong to Bankrupt Crypto Lender, Judge Rules - https://www.coindesk.com/policy/2023/01/05/celsius-earn-assets-belong-to-bankrupt-crypto-lender-judge-rules/

Thursday January 5th 2023: Coinbase shares drop 10% as Cowen downgrades stock and slashes price target - https://www.theblock.co/post/199424/coinbase-shares-drop-10-as-cowen-downgrades-stock-and-slashes-price-target

Friday, January 6th, 2023: Mastercard partners with Polygon to launch Web3 musician accelerator program - https://cointelegraph.com/news/mastercard-partners-with-polygon-to-launch-web3-musician-accelerator-program

Saturday, January 7th, 2023: Enjoy your Saturday.

All my best Michelle M

www.mammycrypto.com

Social Media links: https://cointr.ee/mammycrypto