I remember when I first joined this gig — in fact, in my very introductory post — I quite clearly stated that I expected the whole thing to "go nowhere" and become "worth nothing."
In time, of course, I was proven wrong about that — and I am definitely grateful for that!
At the same time, the wild gyrations resulting from the past few weeks' activity — culminating with the Russia/Ukraine conflict — have served me as a poignant reminder that most things (even ideas and concepts) we surround ourselves with are incredibly fragile.
I pondered, for a moment, that our own Hive token was trading around $1.64 on January 4th, and by January 24th — just three weeks later — it was $0.74. All because someone said "inflation is coming!"
Now, someone has said "the Russians are coming!" and things are suddenly all over the map again.
No, I am certainly not about to turn my back on the cryptosphere, but I am shaking myself loose from having in any way fallen into a pattern where I think about anything crypto as more than merely POTENTIAL.
There's nothing here that can be counted on.
If I have $10,000 saved up, and three weeks later it's worth $4,500, it cannot in any even remote or imaginary fashion be counted on.
No, I'm certainly not dismissing the future potential of Hive, LeoFinance and cryptocurrency in general. I am just reminding myself that this is a very cool movement to be part of... but I need to get back on the page of having zero expectations that this will "become something" in the long run, or "have any value whatsoever."
"Value" is, after all, just an abstract concept, right?
A banana has value when I am hungry, but no value when I need a blanket to keep warm. Neither "Dollars" nor "Hive" are actual things.
I can walk into a bank with my piece of paper that has the number "100" on it and say "I'd like 100 Dollars/Euros, please" but neither "Dollars" nor "Euros" nor "Hive" are actually things. They are just concepts. Agreements. If you doubt that, try handing one of those pieces of paper to a rural farmer in Peru who has never seen anything but Peruvian Sols in his entire life.
Anyway, the last few weeks have been a poignant reminder that I live in a concrete and tangible world where I have to be able to rely my ability to buy a loaf of bread or pay my property taxes with certainty and the Cryptosphere needs to be moved to a different space in my reality where it remains an awesome idea that may pave the way to a future of abundance... but it's not something that can be even remotely relied upon.
So, basically continuing to do the same thing as before, just reassigning priorities.
Lately, spending more time on putting things for sale on eBay, and marketing actual tangible things people need... or perceive they need. But still finding some time to blog, here!
Thanks for stopping by!
How about YOU? Do you "rely" on crypto in any way? Or do you recognize it as the wildly speculative asset class that it is? Or are you just here to enjoy the blogging and the community... and everything else is a bonus? Comments, feedback and other interaction is invited and welcomed! Because — after all — SOCIAL content is about interacting, right? Leave a comment — share your experiences — be part of the conversation!
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Created at 20220301 00:42 PST
0513/1759