It's another beautiful day here on the south coast of Africa as winter sets in and the temperature drops day by day.
I come here to refresh my mind and to escape the need to refresh my browser, as it reveals to me the macro down trend in the markets today. The market can do as it wishes while I come here to this little corner of the beach where I find a perfect place to celebrate my life.
As you can see in the photo, this usually soft white sandy beach has been swamped by a deluge of shell creatures that have washed up after a massive storm. Sometimes the storms here are more profound than usual and as a result they turn up the millions of shell creatures from underneath the sand.
These mussels, as they are called, end up being washed ashore to die in a massive event. All that remains is their body which now lays strewn across the surface of the soft white sand. I arrive here today in the morning, soon after sunrise, so the light creates a beautiful golden glow on the otherwise white landscape and seascape.
The effect of the light on the mass of shells washed up against the rocks creates a beautiful impression, despite it being and otherwise unnoticeable event or situation. The impression is one of serene beauty and a golden glow that shows just how important the angle of the lighting in our landscape happens to be.
In strolling around on this beach, here in the most beautiful region of the entire south coast of Africa called the Garden Route, I can see how the surface of the beach is no longer a soft, fine white sand, but is now made up of the millions of dead mussel shells which create a new surface upon which to walk.
Fortunately with time these shells will also break down and erode to become the very same fine, soft white beach sand that is normally seen here at the shore of the Indian Ocean. I'll give it a few years perhaps a few decades to allow for the erosion of these shells and until then I will simply stroll about on the scattered empty shells and help to break them down with every step, as they get crushed and crunched up into little bits when I walk over them.
Since I've been walking on this beach for most of my life, I no longer need shoes to protect my feet, as they are now hardened and used to the natural terrain. Walking across the soft white sand maybe really pleasant. However, walking across the hard sharp shells requires a certain toughness which comes from years of walking barefoot along the beach.
After years of walking perhaps thousands of miles in total up and down the beautiful shoreline along the southernmost coast of Africa, my feet have become tough and able to endure the rough terrain. In the same way one needs to become tough to endure the cryptocurrency market volatility it is one of the primary characteristics of crypto.
Right now, for example, we need to be really tough to endure the massive corrections that we see in the price of all crypto assets. The current retrace looks like blood in the Streets as all the markets correct to the downside and prices are worse than we could have imagined at this point, in what is supposed to be the bull market phase in the four year Bitcoin price cycle.
Bitcoin has retraced by around 20 percentage points since the top. However altcoins have retraced perhaps double that, compared to Bitcoin, and so the entire altcoin market is experiencing something of a bloodbath.
If you have spent some years in the cryptocurrency markets, then you too will be toughened by now and able to endure these price corrections, as I am. My feet became toughened by years of walking barefoot along the shore, and my hands are toughened by years of trading and investing in crypto assets. I now have a diamond hands. Diamonds are the toughest object known in earth generally speaking.
This is something we all need to cultivate because volatility and price dips in the region of 20% or more are quite common for crypto assets. And I'm sure we are all feeling the dip in our wallets and portfolio. Nevertheless, I hope that you too have cultivated a tougher approach to your trading and investing. If you have not toughened yourself up through years walking these markets, then you may feel the current max pain.
However, if you have spent time in the markets and know that this is just a short term, correction then you too will be able to ride out the dips with ease. May you cultivate a toughened heel and diamond hands so that you can also freely walk where you wish and also invest for the long run. And so that life-changing money will be there for you as you simply take the time to acclimatize to the conditions.
Photos my own. Written and published via my mobile device and published onto the Hive blockchain from the beach.