[Steem talk] Crypto recession ?

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Looking behind my follower list, I found half of them are bots. Another ¼ is users whom I'm still interacting with on a daily basis, and ¼ of them are longer active since 2018 when the great crypto storm struck us.

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Looking at today's price, no doubt it is in recession, a steem would only worth RM1.58 at the given market value at the current time according to coingecko@coingecko. Trust me, there's no exchange in Malaysia would directly allow transaction with MYR. The price feed is a simple arbitrary calculation between Steem/USD and USD/MYR.

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With every measurement, there must be a starting point and an ending point to make up the number. Same goes to crypto currency. Where does this recession coming from? Exactly, the highest achievement of this instrument, RM32.93. it is indeed a recession to many people, seeing the token we are staking depreciate day after day.

But again, why can't we take a token as a token? There's no way can we power down so quickly even if price goes up. Neither can we be sure if the Steem we leave in the wallet can receive royalty. So why bother to power down and leave majority of your assets lying around the wallet?

Like in the reality we live today, there's no right or wrong in bad economy. If you can't help yourself during these tough times and cracked your piggy bank, good chance is you'll be missing a huge investment train. If you're going to power down and get ready to leave, that's no different than cracking the piggy bank for no propose.

Opportunities are open for the people who is ready to accept wealth. I have hodl through the fall and all I'm hodling to, is the amount of Steem I accumulated over the past 2 years. I won't know how far this 1.58 can go, may be it will go dip further down, or it may be shooting up all the way, hit the moon and never come back again.

[Steem talk] Crypto recession ? | Ecency