The Slow Climb
So, about 4 weeks ago, we were in the midst of another warrantless crypto beat down -
Since then, a number of the currencies have had a nice slow come back - Not quite to their former highs, but a much more healthy move up, instead of the crazy parabolic action we saw previously -
These longer, slower, controlled climbs are much better for the markets - Also, as we approach the maximum quantity mined for bitcoin, things should stabilize as long slow climbs, unless, of course, we are still dealing with the digitizing & unfettered printing of the fiat known as USD, then there will still be major gyrations
Stay diversified, read the white papers, pay your bills, don't go into debt, you can & will come through these difficult times much less scathed than most other people - Then you will be able to help everyone else, because you helped yourself first
Keep everything spread out - get a little each of crypto, metal, food, fiat etc - stack 'em
Good post! An economy of words, but a wealth of advice.
I think that since Bitcoin is increasing in total money supply slower than the global economy, a "semi-slow" increase in value over time will eventually be the norm. However, perhaps this will be when a high level of market saturation and adoption has been achieved. Nevertheless, the value should climb much faster over the years than other currencies, due to greater demand, linear and restricted growth in money supply, and the growing utility of the use of Bitcoin. It's the volatility due to the "insanity of crowds" that worries me in the short term. Good job on this post.
thank you coinae, we all must find a way to escape our debt based system - cryptos seem like a great place to start