Long gone seem the days of crazy altcoin valuations. It feels like every time I check out the markets, red paints my whole screen. And although we might draw solid conclusions as to why we are here, these numbers claim victims every day.
I'm not trying to be a doomsayer; it's not something I enjoy. As a matter of fact, I've been known to be somewhat naive with my optimism. But I also don't want to continue ignoring reality.
This very morning, I saw video snippets of Charles Hoskinson in a recent stream of his, I think. A man capitulating in a display that likely evoked both embarrassment and anger among those holding ADA bags. Me, on the other hand, I have no dog in that fight. But I'm not immune to the feelings. Not immune to the current realities.
We seem to be moving toward an all-time low. A final shake-up, maybe. Or maybe not. That is precisely why things feel so shaky, so fragile at times.
Yes, unlike millions of chains out there, we on Hive have utility. Hell, I'm using that utility to communicate with you all. But that doesn't mean our hip bone isn't fused to the rest of the crypto market.
As of me writing this little rant, post, thought, brain dump, thing... Bitcoin, the grandfather of SHA, seems to be teetering on a precipice. It could dump. Any minute, it could.
Why it would, and what happened to the Saylors and the permabulls, is a question that hardly matters in the face of the market's direction. Reality is here. The slap in the face has already happened.
There is a strange comfort in ugly markets. They force honesty. Nobody is pretending to be a visionary because their portfolio doubled by accident. Whatever remains standing after the dust settles has usually earned its place.
On the one hand, I'm super grateful to our little team. We took on a crazy task: helping our video platform survive the bear. This grizzly with bad breath and sharp claws.
So far, we've taken the punches with grace. We've adapted. We've grown. Those wins, nobody can take from us.
Maybe that is all I should focus on.
Maybe that is all that matters.
Even if the ship sinks a little more. After all bear markets reward conviction.
MenO
