I have to admit I'm pretty pleased that I don't really post on Twitter anymore. For a second there the amount of time I was spending on that WEB2 hunk of garbage was downright alarming to say the least. Have you heard that Elon Musk may pick a female CEO and she just happens to have ties to the World Economic Forum? Yeah, I don't care either. Carry on: people who care.
Checks price...
YEP! Still above $25k! It is simply incredible how much lifeforce is put into constantly monitoring a crab-walking market. The worst part is then justifying the energy spent and acting as though whatever the spot price is doing today, and has been doing for the last couple of days, matters.
Of course this is a mindset rooted in absolute scarcity. No one living in abundance cares what the price is today. Why would that matter? If you have everything you need and everything else is just a cherry on top then why would it matter what the price is today?
Of course the volatility of crypto makes this very difficult to achieve in any reasonable sense. Considering that a 90% drop can occur at any time for any reason, this makes it a lot more difficult to live within a world of psychological abundance. We might even argue that stability itself is almost a prerequisite for abundance. Unless of course we have x100 more money wealth than we actually need, then all bets are off the table.
"Full Time Crypto" ; Full Time Extractor
When I tell people on Twitter that I've been full time crypto for a couple years it's not the same as when they tell me they are also full time crypto. Have you noticed this? The majority of these people that consider themselves "full time" in crypto aren't bringing any value to the game. They are gamblers. They are extractors. They're trying to game the market.
That's not helpful to the movement.
Again this just reinforces the idea that Hive and the rest of the space need more jobs in terms of unskilled labor (or just less skilled than full-stack development). Not everyone can be a dev. In fact it seems like not even 10% can do it, and yet that seems to be 90% of the work available atm. The odds are stacked against us it seems. May they be ever in your favor.
Acquired taste
Here's a random list of acquired tastes I've personally cultivated.
- beer
- pickles
- mustard
- onions
- olives
- coffee
I have 'fond' memories of hating all these foods as a child.
Now it's difficult to remember why that was or what they even tasted like back in those days. I still unequivocally hate all forms of curry though. They can't all be winners, fam.
The point here being that most people are NEVER going to get used to the acquired taste of crypto volatility. Imagine spending your whole life being conditioned to not be comfortable with something. Society and consumerism have brainwashed most into living paycheck to paycheck and piling on unsustainable debts. How can we go from that to being financially responsible to the point of being able to save up x100 times more than we would ever need so that a 90% retracement doesn't destroy us economically?
The answer is pretty simple: most will never be able to do this, but perhaps their kids will be able to. My only hope is that the future generations wise up to this brave new world we are living in right quick. Of course children are resilient like that. Just try teaching grandma how to use Twitter and you'll see what I mean. It's incredible how bad people are at new things, but not as incredible as how we forget how bad we were at the exact same thing after it becomes part of our daily lives. "It's so easy." (See: Hive onboarding)
What do the stars have to say?
Mercury retrograde ends in a couple of days and the scarlet witch I follow on Twitter says the sky is aligned in our favor for quite some time thereafter. We are also in a position where the game of chicken politicians are playing with the debt cap will come to a forced conclusion just like it always does. Also while the FED did not announce a pause on the most recent meeting the chance that this happens goes up exponentially from here. If not next meeting then the one after that. These banks collapsing left and right could use some relief. The liquidity crunch we are experiencing right now is a thing of legend. And yet Bitcoin towers above local lows as the plebs call for and end to the "meme coin rally" or whatever else nonsense being spouted on CT.
Contentious Airdrop?
Another funny thing I heard was the idea that Bitcoin might split again, the likes of which would put the Bitcoin Cash fork to shame. It would make sense if this happened. People are so mad about Ordinals and shitcoins rampaging Bitcoin's operation fees. Think about how funny it would be if one of the most profitable airdrops of the year was a Bitcoin airdrop.
Battle lines are being drawn and people are asking what side we will stand on. Interesting sentiment considering I can just stand on both sides. I don't have to pick one when I'm being given a free airdrop. I just have to hodl and see what happens. Of course I might pick a side if one side is actively censoring the chain on purpose (although I would expect simply disabling Taproot instead, which is fine by me).
Conclusion
The bittersweet experience of an acquired taste applies to more than just food. The ability to adapt to a volatile environment is both terrifying and an exciting prospect all at the same time. Most people out there don't have the ability to cope with the FOMO/FUD cycles: they'll get caught up in the heat of the moment every single time, wondering how they let themselves get tricked over and over again.
Hopefully systems will be built to mitigate these harsh waves. A good DCA trading system helps lower volatility of a portfolio. There are also ways to directly lower the volatility of tokens themselves. We call this elasticity. Hell, even HBD's 20% yields are an amazing tool that greatly helps lower the volatility of crypto. It's a shame that even though these tools are available the chance that degens are going to ignore them at their own peril is quite high. Gamble Gamble.