Sick of the constant scratching and shaking of this wild beasts efforts to shake you off its back. Welcome to the world of a crypto hodler, we have to go where the beast takes us , dont fool yourself that you can in any way exert any influence over where this beast is going, and this is truelly a beast, it will devour with relish your financial resources should it succeed in loosening your grip. Only the strongest fleas will survive the ongoing crypto slaughter.
What i think we are wittnessing is something that occurs throughout nature , we are wittnessing an extinction event unfolding. If you think of the different cryptos as species all using different stratergies to extract energy(money) from the ecosystem. Some will be highly specielized and require a complex web of energy exchange, diminish the energy and you remove their food, they are exposed as an exotic luxury. Others will be generalists, these are the survivors who will get first access to the energy. I have my opinions about which coins in my own portfolio i would place into each catorgory and therefore the ones i would exchange for the generalists.
What i think we will see unfold over the next couple of years is a 90% reduction in crypto types ( a Permian scale extinction event) But the ones that survive the event will depend upon the type of world we move into, decentralised or a collectivist centralised orwellian nightmare world run by the current elites. The latter is intent on total domination and will try any tactics it can to scare you out of the independant crypto market and into a crypto under their control. The former requires that you identify through your own research which projects you believe will survive the extinction event and HODL them or maybe even add to those positions if you have the nerve and the resources. For a decentralized world to work the surviving cryptos need to be widely spread and accepted across most of the population.
I am interested to know which cryptos you think will survive, which system we'll be living under, im also extremely curious about how you measure the value of your cryptos (fiat? metals? or in BTC?)
We are certainly in a massive shake up and many people would have dropped out, especially if they don't see the price rising anytime soon.
But my focus is on continuing to make content and hope that people are smart enough to increase their percentage of the vote.
Thank you for your continued support of SteemSilverGold