In the end of 2017, when valuations got out of control and people waited days, not hours, days for BTC confirmations, we all lost sight of true value. Yes, I must include myself. As a matter of fact, I remember thinking that there was no way it would ever come down, How could it? Isn't BTC amazing?
You know what? I remember my mind back in those days, and my tunnel vision was powerful. Down?.... Why would we go DOWN?.... WE GOING TO THE MOOOON BABY! - But, the voices of reason were not quiet, we just were not listening, I sure wasn't.
Yes, of course, there's the money, and sure, if there was no economic incentives, plenty of people would not be here today. But, and this is a big BUT, there's a small group of people who actually get it. They stay through the bear cycles, the keep on building, they keep on educating, and they know that even though another bubble will come, the technology will survive the burst.
We are literally talking about taking back our sovereignty. I mean, we think about our favorite cryptocurrencies being worth millions, but even if that one day proves to be true, what if they are worth millions of useless dollars? What if FIAT get's so weak, what if we don't convert anymore, because we don't need to, and all of the sudden using FIAT is just stupid?
This may be a meme today, it may be a joke, but this is the metaphorical and not to so metaphorical battle we are partaking of, and we can't lose sight of that north.
So, are we headed to another bubble? Well.... you bet your ass we are, but I don't care. If you are in it for the long haul, you need to learn to read the tell tales, and surf the waters.
MenO
