I've been around here for a long time and have seen so many ups and downs. When I first started here in 2016 there was a real stigma surrounding powering down, that it was some kind of betrayal and I had real guilt sometimes when I thought about doing it. Then I was told by a mentor that it's never a bad idea to take profit when you can. I've come to view the coins we earn by blogging here as our own to do with what we want. I hope you continue to write nevertheless!
This bear cycle has been drastically different, especially for us Americans. We all wished for mainstream adoption of crypto but many of us underestimated all of the negative aspects of it. Gary Gensler and the SEC have wreaked havoc for us here in the US with their lack of crypto regulatory clarity. A lot of people are calling for his resignation. For the sake of individual investors I hope that happens because I believe these recent shenanigans are nothing more than an attempt to suppress the crypto market until the big banks and Wall Street can accumulate the amount of coins they want. Gensler worked for Goldman Sachs for 18 years before becoming SEC chairman.
I'm also hoping that once Blackrock's BTC spot ETF is approved (hopefully later this year) we'll start to see more regulatory clarity and things will get better for us in the US. The price of Hive will hopefully rise with the next bull cycle after the BTC spot ETF approval. I think this will be the catalyst to spark the next big rise but I could be wrong. That said, there are no guarantees that Americans will ever gain more access to coins/exchanges than we have today. I don't think "the powers that be" want the average Joe/Jane to have a clear path to financial freedom and they want to control the crypto market as much as they can. These next couple of years will be interesting!
Hi there !
After everything powered down, I let it sit for a bit while I thought about it. Finally, I decided to take a chance and powered it all back up.
I'm wishy washy at times....LOL...
Thanks for stopping over and sharing your observations. I appreciate it.