Handling The Crypto Crash

in #steem6 years ago (edited)


Crashes hurt but can be used to create strong mindsets.

This crash the market started to see some coins decouple slightly from BTC (Some did not crash as hard)

During the .com era, 75% of first movers not only survived but thrived.

I don't worry about timing bottoms:

  1. I research
  2. I invest
  3. I build

Bitcoin Cash Hashwars are rocking the market.
HASHWAR SUMMARY FROM MY POV:
SV vs. ABC - ABC broke to an early lead and had kept it. Rumors are ABC is using rented hash while SV owns their hash. SV plans to keep on ABC heels, exhausting them. However, that is not the only plan; I believe the missing hashrate from SV is being used to shadow mine ABC. The plan, I think, is to keep shadow mining ABC, while exhausting them, then when ABC shows weakness, SV will dump shadow chain on ABC and divert all coingeek/bmg hash to SV causing a "flipping." - This seems cute, but this shows the world Nakamoto consensus for the first time, and SV, if wins, will become much more powerful. SV openly states no POW coins are safe if they win. This is the beginning of an epic, Star Wars esk battle that could rock the entire crypto world for years to come.

Steem Witness Spotlight: @lukestokes - @lukestokes.mhth
Luke Witness: @lukestokes.mhth https://steemit.com/@lukestokes.mhth
More On Luke: https://steemit.com/witness-category/@lukestokes/vote-luke-stokes-for-witness-as-lukestokes-mhth
Vote For Luke: https://steemit.com/~witnesses

Lukes Ten:

  1. One of the first people that I learned from about Steem.
  2. Stands up for what he believes and will back people he believes in despite public opinion.
  3. Created a successful online business, FoxyCart.com, for over
    10 years now. - Experienced in building and leading.
  4. Has been programming since 1996 with a degree in Computer Science Engineering from UPENN, an Ivy League university. - Great programmer and is on point with his witness server.
  5. Very passionate about the Steemit community and have been an active member since July of 2016. - Constantly curating and keeping people in the know about his life, and future of Steem.
  6. Doesn't just accept the status quo, always questions everything and everyone, even Steemit Inc. He wrote this article about hardfork 20 and questioned whether we as a community should hardfork or not. - https://steemit.com/witness-category/@lukestokes.mhth/to-fork-or-not-to-fork-is-that-even-a-question - again, not always a popular option to go against the majority, but I can count on Luke to always speak his mind.
    Another good post: https://steemit.com/witness-category/@lukestokes/witness-update-lukestokes-mhth-v0-20-6rc1-review
  7. Voluntaryist, non-violence conflict resolution, helping humans and make the world a better place. - Many people preach this, but I genuinely believe Luke wants to help everyone he comes across; a sadly increasingly rare quality that makes for a great leader.
  8. Transparency. - This is very important as a witness because to vote for you confidently I need to be able to know as much about you as possible. People like Luke make this job a breeze for me.
  9. Although a BP for EOS, (damn good one I might add) is a good thing for Steem. Luke isn't a low-level BP; he is a big player in the EOS BP space. As an investor, seeing him create Foxycarts, become a top Steem Witness, and a top EOS Witness, winners win, and that cannot be understated.
    For more on "winners win" -
  • I enjoy Lukes writing and have followed him for over a year now. I am rooting for Luke to win and wish there were more humans on this planet with the same conviction Luke has shown me and the world on a daily basis.
    Thanks for securing the network @lukestokes for all Steemians.

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    Dan I am so with you on this, “creating strong mindset” I like that term a lot!! 💯

    Also, I love me some @lukestokes he even did an interview with me that might be helpful for your promotion of luke.

    https://steemit.com/redradio/@enginewitty/introducing-red-radio?sort=new

    Sometimes for planktons and new minnows or anyone really, hearing a voice in addition to a list of great achievements helps cast that vote. My show is taking a short rest but The Informal Witness will be back soon.

    thank you for your encouragement and positivity. On days like these it’s people like you who help keepnus going!’

    Yours,
    Eagle spirit

    Wow, thanks for the shout outs. :) I'm resting today with a head cold and this was really encouraging to see so much support. Thank you.

    My pleasure. I hope you get well soon, thanks for all you do.

    Everything Dan said but double for us, thank you Luke!

    Posted using Partiko Android

    six minutes in and I'm nodding my head in approval aggressively!! hahahah

    Your post about @lukestokes as a person and the efforts he did as a witness to make steem blockchain a better place inspired me that is why i made this post as a gift for him.

    https://steemit.com/drawing/@soufianechakrouf/73bznkiv

    Brother @theycallmedan, Yes, when we face some kind of crisis then that is the time when we have to hold the strong mindset and have to believe our Intuition and have to keep going no matter how hard and painful our path is, but our path also taking the pain to push us, it's important hold the Reverse Mechanism and by that mean, never listen to heards, instead listen to your intuition and keep going.

    And yes, current BCH War is the issue and in my opinion it's one of the aspect why we are watching the dark red market trends. But instead of following FUD we have to research what is going on because as you said, Strong Research Is Sound Knowledge. Keep spreading good vibes brother.

    Wishing you an great day and stay blessed. 🙂

    I will take a look to your video after my work today. Thanks for share your knowledge you are a clever mind.

    Stay bless

    Posted using Partiko iOS

    In times like this not investing in solid projects would be huge mistake.

    Can I make a suggestion on a witness you should look into? @guiltyparties is one of the most hardworking witnesses out there. You will not be disappointed by talking with him.

    Hey @snook :)

    @guiltyparties is the first witness that Dan suggested!

    https://steemit.com/witness/@theycallmedan/d16588tg

    this is what I get for writing comments on no sleep LOLL

    but it does show how smart @theycallmedan really is :D

    turns off computer and goes back to bed at 3 pm

    You're working really hard here and I truly appreciate your efforts!!

    Please always make sure to put your life (health, family, sleep etc) first before anything including Steem and Dtube!!!

    I'm just in the zen moment during this small correction :)

    Best practice.

    Nothing to worry about if the project has the potential that can regrow to new heights :)

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