Crypto lessons in Iceland

in #cryptocurrency7 years ago (edited)

Of course everyone thought a trip to Iceland in February was a crazy idea, but I've had crazier, and if you want to see the Aurora Borealis in your lifetime then winter in Iceland gives you one of the best opportunities. The good news: we got to see the Northern Lights dance above our heads during the only two clear nights available to us. The bad news: every other night (and day for that matter) dumped feet of snow on us, blasting us with 30 mph snow storms (maybe the free microderm abrasion that blowing ice provided should be under the good news as well, though it was pure misery in the moment) that left us stranded in our cabin, helped facilitate the wrecking of the rental car, and finally being stuck on a pass for 6 hours waiting for a tow truck to pull us through the snow bank we found ourselves high centered on (easiest $200 bucks I've ever spent). I'm not a newbie to snow, by any stretch of the imagination, but I've certainly had my fill of it for the rest of this winter!

While I initially thought a week of sightseeing and wonder would be a good break from my incessant preoccupation with cryptocurrency, blockchain, and the incessant barrage of John McAfee tweets, being confined to a cabin with nothing else to do actually provided me with some new time to challenge myself and reflect on and the crypto space. I took it as a sign from the maker to continue learning, refine the charts, map my predictive performance over the week, spend some time learning about the collective mind of the people (aka chart pattern behavior at the hourly level) in this new time zone, learn more about doji's, and identify a few more good opps among the hundreds of coins out there. Many that may have gone by unnoticed, had I not had the unlimited time to pore over them and appraise their attributes. I'll be sharing more of that later.

I also spent hours and hours poring through other "crypto analysts" blogs, and discovered that my early excitement about the potential to grow and learn in the community was mitigated by the sheer number of amateur and incorrect traders, with nearly every idea that was shared summarized with an arrow pointing up at the end of the chart. I know as well as anyone, that charts can't predict the future with any certainty, but nearly everyone posting for the last 6 weeks has been saying their coin is "ready for a breakout". Like a clearing sky in a blizzard, these charts lure you on the icy crypto-road, only to get stuck in the snowbank when the blizzard hits again. Ultimately, it was reassuring, like the fire in the stove next to me, to validate my own charts, have faith in them, and view others with a positive skepticism.

I encourage you to do the same, and may the crypto-winter be coming to an end.

Peace,
The Freedom to Be

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Hi I know its a bit of the topic but I find this news interesting. Anyway I have recently read that electricity consumption from crypto mining in Iceland recently surpassed the household consumption there.