Did you good people like how there's more 'solution' than not in this commentary/crypto journalism?
You don't see that often enough.
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I think there are some really powerful concepts in there, and that most are quite accurate. Everyone should be thinking for themselves, but the slow burn of the macroeconomy is now bleeding onto the cryptos. Only BTC is even viable, at this stage, IMHO, and the leg down....
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Did you notice we hit a major downward movement right after I said we would? What was it? 10% down, typical (EDT) morning manipulation with a consolidation phase afterwards, just like everything else in the controlled economy. Typical. Predictable. Forecastable. I do that sort of thing, sometimes.
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...Anyway, we are close to a dangerous redline. Somewhere between the $110 level and down into about $80 or even $70, there's a point of no return, where people dependent on fiat (all of us!) panic, as projections of business models that had comfortable profits near $160 now require TWICE the BTC for the same amount of fiat!
At those levels, the models fail, and folks - the people who get it are generally already in the crypto market, so failure means - it's over. Cryptos will only come back if they have some one-eyed symbology on it, or text like 'Novus Ordo Seclorum', you know what I mean?
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I wish I could suggest that we all hold our Bitcoins and refuse to sell until there are realistic prices, which should now be over into the thousands of worthless fiat, blood-soaked ferns, but as long as people keep being fooled by what they see on the movie projection screen of the large exchange prices, I don't know if that will work for you, individually, as they destroy the lives of market participants, unchecked, unprosecuted as always. "Free Market" - history has yet to demonstrate just what this is. We've never seen it.
(Reference to
The Allegory of the Cave. https://en.wikipedia.org/wiki/Allegory_of_the_Cave)
The important point is to reiterate an immediate call for broad promotion of Bitcoin and much wider use in trade. Otherwise, there is slow-burn DOOOM manifesting, if we don't arrest this fall, taking action.
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Please share these powerful concepts with others. If you can, please broadcast it through Free Media sources. I don't reserve any rights or credit for these. I'm a beneficient philosopher. Please make a better world before I starve from the ubiquitous lack of Compassion. Thank you.
Disclaimer: This is not financial advice. All appropriate disclaimers apply. You are responsible for your own actions.