They say if you drop a penny off the Empire State Building, it could kill a person below.
While most people know that is bullshit, there might be a few people contemplating jumping from something very high at the moment. And it isn't just in crypto - 11,000 people at Meta probably aren't feeling too good about their situation at the moment. Lots of tech companies recently riding high on overinflated valuations and the hype of Corona Pandemic keeping people using their platforms, are realizing that they might not be in such a strong position after all - making their aggressive internal growth strategies, adding much higher headcount, not such a great move in hindsight.
Splash
Or is it Splat?
It is like the trajectory of a crashing plane, trying to pull up - but ultimately failing. But, hey, that puts it into the buy zone. Though, I am not sure who is keen to buy in these markets.
It could have been worse:
Fucken' Thanks Xunts.
Oh well.... another three years.
Or three months. Who knows.
Crypto is a hard game to play.
If you need to live off it.
If not, then it is not too bad, more like one of those rides at the faire that you think will be great but in the end, all it really does is make you feel like throwing up.
FTT does bring back memories....
Are you old enough to remember?
Your crypto age, not your birth age.
Mind you, I also said a day prior on the same post:
Satoshki Nakamodev
Though honestly, it really wouldn't surprise me much if this was the next vector of attack on crypto, where the news media and governments try to discredit it further by associating it more tightly with Putin's Russia.
Fudders gonna FUD.
Is this just FUD?
Or is it indicative of a much larger endemic problem with crypto, where it is incapable of ever living up to the expectations that have been placed upon its digital shoulders?
FUD.
And it isn't over yet and it isn't likely to be over for a while. The entire economy is walking on a rickety bridge, hoping the frayed rope holding it together doesn't snap under the immense weight of years of abuse and policy mismanagement.
Don't worry about the legislators though, they will be fine.
A few days of selloff and things will start returning to normal again, a little bit of flat, a little bit of up and down, a little bit more flat and then....
bullrun.
Any day now.
Saying "Any day now" makes it sound like it is close, but really, any day can be any day in the future, even if it is a decade down the track.
I will be 53.
That wouldn't be a bad age to never have to work again - if my body will hold out long enough that is - which is generally touch and go with the body I have been "blessed" with. Still... there is a chance that it lasts and a decade is far better than the three decades that are scheduled in front of me until I am able to retire with a full pension - as if a pension is going to be worth anything in three decades from now.
I don't think I will survive three decades -
it might be me jumping off a high building.
and with that happy thought and a 13-hour work day behind me, I think it is time to do something else for a little while before getting to sleep - like answering some comments!
Whether the markets are up or down,
there is always something to do on Hive :)
Taraz
[ Gen1: Hive ]