Sometimes I have to remind myself in the bear where we've came from. It can be awfully devastating to see that much coinage sucked out of the market for all those years in such little time.
Last year we saw the drop from hell. Last year was the first year that Bitcoin dropped below its previous ATH. It's something that I thought would never happen since I'm a great believer in patterns and that patterns are fairly hard to break. With that being said we saw Bitcoin break its pattern for the first time since inception last year.
I don't think this was by accident though.
Maybe I should do a day where I get my tin foil hat on and discuss the conspiracies that I see in the world and somewhat believe. I know conspiracy theorists have been getting a bad name as of late because the mainstream media don't like you to think outside the box rather than the usual Political tribalism drivel. But I am a man of my own mind.
So here we go.
It's no co-incidence that suddenly it costs an arm and a leg for the price of lunch in the world today in the same breath that big banks, institutions, and organisations want to get into crypto to sell it to your mom and pop. Yeah, next year will be the year that places like Blackrock and Vanguard finally get their ETF marker on the Bitcoin market.
What does that mean for you? Well, it means when you were previously sceptical over the new fangled Bitcoin stuff there will be now options for you to safely invest in from proper institutions. And oh boy will they shove it on you.
You should be afraid of whenever you hear safety because it doesn't mean what you think it does. Safety means control. You sacrifice more of your freedom when you opt for more safety. Safety means that people need to be in charge so that you can sleep at night.
Now don't get me wrong safety is all well and good. Had we not lived in a relatively safe world most of us here wouldn't have lived to tell the tale. When you have more freedom then the people that have will completely abuse the people that have not. This is a given and something that we are seeing play out again as the businesses have so much power that they have began to control governments and media. Think Larry fink and his bullshit ESG.
The aim of the game for the institutions is to now control it. Since they can't nuke it off the market, or get rid of it since it's too strong they will now want to effectively control it. It's all about filling the market with their own goons. It's another attempt at control. Another attempt at making you feel "safe." Having more control for these institutions means more power.
Interestingly enough we have seen the biggest crash in markets since I've been alive, and a lot of my family, friends, and people that I know are struggling to make basic needs -- I don't think this is a coincidence. It's about limiting the net gain. Why buy Bitcoin at an inflated price when they can buy Bitcoin very cheaply at the price it is now, or several months earlier.
Most of the people I know that are in crypto thought that this was the year for them, that they had finally made it, that life for them was now deckchairs and sunbeds until life came back with a surprisingly large uppercut. Not only are they penniless almost but they are now working hard to make ends meet. This is no coincidence and it's something that needs to be addressed.
I myself have several thousands in crypto assets left over from the previous years but there's no chance in hell I'm going to let that stuff go for the chance to become richer in my wildest dreams. You see, when Bitcoin is finally forced onto your mum and dad, we're going to see the biggest bull market the world has ever seen. If you think last time was crazy then you haven't seen anything yet. We are about to ride a big bull of into the sunset.
We're over here creating amazing innovation and change, and the world is about to get up and realise this space over the next five to ten years, and when we were crying over our $20 post on hive, just wait until people come here because writing is their hobby. This place is going to go mental. 3% of people are in crypto, we're still a bunch of hipsters if my friends are anything to go by.
So that's why I say slow growth over time. You might look at us and think well we're not much of a project right now, but look around, everyone is bleeding, and not through their own fault either. If you look at our project you'll see a massive difference to where we started as to where we are now. By assets alone we are at least 75% up on where we started after crowdfunding, and that's just assets. Today we have networks, slow growth, and amazing opportunities. Don't let the bear market put you off.
So on that note folks, since it's nearly 4am I bid you well, and hold steady!
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Interesting take that you bring up. Might be something to it actually and it just make me more confident that I need to hodl my bags and try to accumulate as much as I can.
Do you believe they will come and try to control Hive at some point?