The Sky is Falling, The Sky is Falling!

Q: what do you do when bitcoin loses over 30% of its value in a week, after getting roundly pummelled for months previously?

A: you buy more of that shit!!!

Now i’m well aware that bitcoin could go to zip, or it could languish around the above price for months, or who knows what else? I sure as hell can’t be sure, but what i think is most likely is that Honey Badger is gonna’ do what Honey Badger has always done...

If you wanna’ see what that looks like across several charts and a well reasoned post, then I would suggest looking at @matthewwarn’s post from a couple days ago. This one ⤵️

https://steemit.com/btc/@matthewwarn/bitcoin-s-swings-in-perspective

So what did i do? I BTFDMOFOS!!! I sold off 30.5 oz Ag, and these beauties...

...and i bought more btc at around $4,400. Then, i went and loaded up on cheap alts — Steem included!!

Bitcoin has come back a bit...

And ALL of the alts i bought into (‘cept 1 small “cowboy” trade) are in the green today relative to btc. BOOM-SHOCKA-LOCKA!!!

Hell, i’ve even made some money on a few Steem i bought sub-40 cents 🤑🤑🤑 Now i fully expect another round of repetitive-kicks-to-the-nutz at some point or other, but maybe not for a little while. It is true that bitcoin (et al.) is a new technology, and a new way of conceiving of value, but it is also true that that shit is almost impossibly RARE! If it is the case that btc is going to do what i am confident it will, then 4,400 or 4,600, or even 3,875 or, fak! $2,500 bucks!!! Then it hardly matters in the long run, and these LOW prices are a gift. And, if it drops further then i will find some more fiat-money some how some way, and dive even further in!!!

Now, of course i’m offering no financial advice here, but i am offering some reasons to think about value and volatility. Which brings me around to Steem. It is 42 cents right now. If you believe in this platform then now might be an opportune time to buy. At the very least you will be gainin clout and supporting this miraculous blockchain, and at the most, you may make a fuck-ton of profits off of it as well. Indeed stranger things have happened...

Like when Ray turned this⤵️