Where is the Cryptosphere Headed, Now?

I suppose I should know by now that volatility is just part and parcel of being involved in the Cryptosphere, but I still can't help but feel a little unnerved, every time we take one of these downwards trips.

I speculate on why that is... and perhaps some of my sentiments are clouded a bit by the fact that it often seems like when the broader market takes a 5% dive, Steem takes a 15% dive... much like it is unfolding, at the moment.

Seems like a very short time ago we were celebrating getting back to 25 cents... and now we're right back to some of the late January lows.

I'm definitely ready for this "bear market" to come to an end!

But I find myself pondering whether that's even going to happen, given that the economic indicators suggest that we're going to see another round of interest rate increases, which likely will further stagnate the economy.

Much as we might like to think otherwise, the whole Cryptosphere seems to march more closely in step with the greater economy; BTC seems to follow the stock market indices more and more, as time progresses.

So much for being "anarchists," and trailblazing a new way of running economies!

I'd like to think that we haven't completely lost our way, and that some of those early ideals still live on. I still dream of a day where I can have an online store, and it is powered entirely by crypto...

... and it gets used by people!

I expect I'll have to wait some years for that... for now, I'd just like the bleeding to stop...

Thanks for stopping by, and have a great rest of your week!

How about YOU? Does "the state of crypto" ever worry you? Or do you just take the fluctuations in stride? Do leave a comment if you feel so inclined — share your experiences — be part of the conversation!

(All text and images by the author, unless otherwise credited. This is ORIGINAL CONTENT, created expressly for this platform — NOT A CROSSPOST!!!)
Created at 2023.03.09 00:33 PST
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