Since everybody talks about today's events in crypto markets, I feel I must interrupt my regular posting schedule and add few thoughts about that topic. When I saw what happened and saw the reactions, my first thought was quote, or to be precise, popular proverb in this part of the world. It says "Heroes reveal themselves in times of trouble" (somewhat liberal translation of "Na muci se poznaju junaci").
In other words, it was easy to be enthusiastic about cryptocurrencies (and the whole concept of Steemit) in times when the markets happened to go only up. It is, to put it mildly, much more challenging to believe in brave new world of crypto when the market go in the opposite directions. And in situation like today's it is even harder to put your money where your mouth is and stay in crypto world, especially not knowing when and where the bottom would occur and, once it is reached, how long would cryptos stay in the dark pits.
Needless to say, I'm certain that many who were enthusiastic about cryptos won't be so in the near future. Those who remain will be the true believers - people who are willing to invest not only their money, but also their character into the whole project. They will have to face a difficult task keeping it alive for next days, weeks, months, years and perhaps even decades before cryptos finally manage to deliver the brave new world their champions have promised.
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