Today I want to see what you guys are thinking on the recent market bloodbath and price crash. This was very unexpected but it also shakes every support or resistance line allowing new opportunities and increasing chances for a end of year bull run, but it can also be the opposite.
Its interesting to see how this could affect the already shaking steemit platform as people would loose interest in earning few cents (that no one else will give them) for creating posts. In my opinion I have the same amount of #STEEM that I did couple hours ago, actually a bit more. I tend to think on crypto as the waiting game. Just like saving money. Who is not doing it? Why will you do it when you can do X or Y to get more? But if you meet someone who constantly saves and reinvest interests and keeps on saving he will end up with a little fortune and when time comes he will be right to say to others:
The only thing I did different is to keep on going
Why stop now? I've been encouraging a lot of people to stay and enjoy the long term vision for this, I am sad I lost some opportunities to buy cheap but I guess I've never seen so cheap prices as the current ones for what ever coin you might be thinking of. Why not buy?
Psychology can play against us and when you see that everything is red you should be asking the opposite why is people selling on a loss when many others will be buying cheap and accumulating coins. I remember reading the joke book of Rich dad, poor dad which I did to understand the mind of "rich people". He said something incredible laughs a bit people make money when they buy and not when they sell. He claims that it was his "rich dad" advise but that is just a universal common knowledge. So I'm coming to tell you the answer to all your questions and the origin of life and the universe is as simple as: 42
So if you are ok with that answer stop reading. Now If you are like me I guess life is the answer and how you are enjoying every moment in it is what makes the journey special rather than the destination, we have gained a lot in this platform from friends, communication, free of speech, culture, art, supporting others and lots of projects. So why bother whats the price of something that might not eat while you can also be able to use that asset to do real cool projects in life and support others working towards them.
Its hard to think about how much fiat currency you have lost if you are attach to it and if your ultimately goal is to end up selling all crypto to financially be free. Wait a sec... free? So are you able to move to another country and move all your money at once ? Why not? how much will they charge u to do so and how many seconds.. minutes... days or weeks will that take?
I have a friend who is retiree and has to visit US to get some funds every X amounts of months, just because she does not have the freedom to move it all at once. Have you ever wanted to trace where your taxes go when you have paid them? Not really possible with fiat, what is fiat after all? I saw a few precious metals posts saying that even metals took a hit so everything is taking a beat.
I was telling my wife about the crash and she told me but petrol also took a hit, so what is really going on? Usually this time of the year everything should be building up for the end of year last breath economically speaking, so why is this happening? Will it start soon?
Anyways, this time I have chosen to stay and keep on using what I believe will be the future. I will also opt SBD to have a fully 100% power up post, why? because there is a higher chance to keep on growing with your support and hopefully I can also help your growth. Interactions, networking, knowledge and friendship has been widely the most important assets throughout the humanity existence. Keep on learning, keep on being informed and up to date with the changes and prepare to change when you have to.
@raserrano - Developer
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Meh....prices go up and prices go down- it's just what they do. Consider that if your well being or state of being is dependent on a particular direction of movement, then there may be a problem. Do what you love and the things you direct energy towards will result in manifestation:)
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Absolutely right my friend!
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What's happening is pure Psychology of the Masses. Since there are no fundamentals for almost no Crypto out there, including BTC, the only valid analysis is the Technical Analysis. And that is telling us we'll see Bitcoin returning to $3000, possibly even $1200.
And this should answer your question:
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Thanks for your comment, so we should expect even lower value for them.
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Hi @raserrano!
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Great one to all
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