2023 WTF - What's The Future
Future predictions are often made from technical analysis, which is more or less mapping past behavior to numerical values to provide direction over time. Consider that everything is in a constant state of motion. Motion in this sense in the flow of money, where resources are being placed and reallocated from.
As a simplified example, let's compare money and water without all the complexities. The amount of water on the planet is always the same. Sometimes it's stored in lakes, reservoirs, oceans, people, crops, but there's always the same amount of water on the planet. You can't destroy it, you can pollute it, clean it, and what evaporates here ends up as rain somewhere else. Glaciers melt, oceans rise etc, but still the same amount of water exists.
The supply of money is much more complicated, but this is a simple example. When I hear that money was wiped away or billions lost from various investment vehicles, most of that growth was fictitious to begin with, sinking below initial investment levels to actual value is the real loss numbers and those dollars end up being reallocated just like water. Crypto was and is a Ponzi scheme. And, those base crypto investment dollars have resurfaced as luxury homes, vehicles, lavish lifestyles by the people who got in at the beginning. Sorry to those of you who lost and thought this was a way to get rich quick, i.e. get something for nothing, but nature has a way of balancing the equation. Money flowed into these investments, but that doesn't justify the value of them. A stock with a P/E ratio of 2000 times earnings is a mistake of the same sort. Long way to a point, but follow the money and make sure your future investments are backed by solid principals.
The future holds a correction in the markets and in so many other areas. Gartner forecasts IT spending to grow 5% overall in 2023 with 11% placed in software development. Read the article here and decide where and why to put your development resources. Domain names are the cornerstone of developing a new company, a new brand, product line or income stream. Get the best names while you still can.