It is my birthday tomorrow - well, technically it is tomorrow already, so today. Blockchain time means it isn't my birthday yet however, but since I am Australian, I can use DUT (Down Under Time) and celebrate early. Not that there is any celebration ongoing, as it is Thursday night and while I am working from home tomorrow, I have a lot of things to do.
When did birthdays start sucking?
They used to be fun.
I did however buy myself something for 385 HBD.
The gift that keeps on giving!
I am trying to build up a bit of a trading buffer again, so that when there is a larger run, I can have a little fun on the markets and perhaps turn a profit.
That spike was a month ago. Another move like that will be 90%, meaning that the 1100 HIVE would be worth about 690 dollars, which is currently 740 HBD, because that is riding at about 93 cents at the moment. That will rebound too of course, but an 80% gain is nothing to sneeze at and I am likely to hold the Hive longer than that, or turn it into a greater volume over the next few months. It doesn't take much really.
Sell a spike - hold - buy a dip - hold - sell a peak.
It is the bit in the middle that people have such a hard time with - the holding. They get them "gainz" in their hands and they use them as if they are at that value. They turn 100 dollars worth into 180 worth, and then go and spend the 180 on a pair of sneakers, feeling like a winner.
Are you winning?
I am not. But one day.
I told my wife the other day that she should leave me for someone who has more money and she said the sweetest thing ever.
"I'll wait til your crypto pay day."
She is starting to believe in crypto!!
But, a crypto future is what I am working toward and at 44 years of age, I feel that there is more hope in it being the thing that makes me economically comfortable, than my job. I like my job and it pays okay, but it is never going to make me rich, no matter if I do actually get a payrise. If I want to secure my financial future, I am going to have to do it myself. And that is what crypto is really about, isn't it?
Taking responsibility.
Not just of personal finances and the value we hold and generate, but also of the world in general. There are so many parts to the crypto universe that can help us better organize and govern ourselves without the constant threat of central authorities screwing us over, that just the value of that is worth it.
honestly, how I see the future at the moment, if we can't get all of this to work well and onboard enough people to make it a standalone economy, we are doomed. Not just crypto people, the vast majority of people who currently aren't in crypto because they think it is a scam.
While they are currently getting scammed daily by "accepted" economic practices.
Sure, crypto is volatile and the fiat value of holdings fluctuate wildly, but are you selling? Perhaps this is something people should reflect on in regard to investing into crypto just to turn a profit and move it back into fiat. Because, no matter how well that goes, eventually, fiat is going to fail, then what?
What is your safety net?
Think about it for a moment. The largest uptake of crypto is in the countries where the governments have so seriously screwed the economy and local currency, that crypto is the only way some are surviving. So, if the entire world economy collapses through the mismanagement of governments, isn't it natural that people will be forced to turn to alternatives.
Some people think that the staying in the traditional economy is a hedge, but perhaps instead it should be the other way around. Use the traditional economy to secure practical assets like houses and apartments, but have crypto as the safety net for the future. Because at some point, the collapse of the traditional economy is inevitable.
Much like the rise of Bitcoin was seen as "inevitable" after it happened. It has fallen of course since the highs of 2021, but it is still 400% above the lows of 2020. That isn't too bad - for the buyers and holders.
Buy a dip - hold - sell a peak - hold - buy a dip.
Honestly, it is all very crazy in terms of value, but at the same time, hey, we only live once, but more importantly, most of us live...
A fucking boring and mundane existence.
Do the average, get the average.
Forty four years and counting. How many more years of grinding away is there before I wake up and do something different? Is that really the rolemodel I want to be for my daughter? Someone who just plods along, doing what others do, because I am too scared to swing for the fences?
Maybe tomorrow night I will reflect and drink on it.
No G&T tonight.
Taraz
[ Gen1: Hive ]
