I have been glued to the computer these past days. I've been working on some cool ideas and projects here on Steemit (only in the planning phase so far) and I've been trying to figure out why the market has been tanking. And this evening I have decided to only make this post, buy ONE crypto, and that's that.
But first I had to go for a jog. I just received these today
Vivobarefoot trail freak. They felt absolutely awesome, and great grip on the snow. I don't like to run on asphalt, but with a nice thick layer of snow up top it's OK. But after 500 meters I came to the big field, and the..guy who makes the ski track? had just been out! Omg..finally cross country skiing time. I lost control over my body as it it turned and ran like hell back home. I whisper-shouted(not to wake up our kid) to my wife that I had to go out skiing instead. 5 minutes and two trips to the attic later, I'm finally ready.
There are no such things as ghosts..or moose..or wolves. Well..Moose is actually the only thing I'm afraid of. But mostly of getting a heart attack. Cause those guys are fast.
I'm so glad we decided on moving to this place. We chose location over other things (like a big house or a garage that fits our Tesla) It's a pretty expensive place to live, only 20 minutes outside Oslo..but man..we've got ski tracks and endless running trails literally 50 meters from our home. The kindergarden is 100 meters away, and our boat and the sea is 10km away. All within biking distance if we want to. What a privilege. (That's what I tell myself every time I'm bumping into something in this apartment)
Aaand, a nice glass of organic red wine. From where I don't care. Glass? The one with most utility.
Oh, and btw..that's my new crypto-book (chrome book) and it is ONLY for crypto transactions. I put my ledger in that..sweet.
I can't complete this post without adding a little crypto-wisdom to it. I understand that many are frustrated and scared right now. Are we going to correct? Is it going to fail? Are governments going to take over? Are we in a bubble?
I've done ALL the research on it..I've been sitting in front of the computer following everything, every news, every tweet, looking at charts, looking at numbers, comparing to the tech bubble, and even if I am as conservative as I can - this market will not be in a bubble until it reaches 7-20 trillion USD. That is 10x to 25x this level.
Now, I'm going to step away from the computer now, and I'm going to take most of the weekend off. Perhaps only two posts per day...literally zero, and be with my family. I cannot guarantee anything, but i am 99% sure that this is not the final days of Crypto currencies. History will not write; " And so it ended. In January 2018, the cryptocurrency market, based on the revolutionary blockchain technology ended abruptly and suddenly. It peaked at $850 billion and was never to be seen again.
Right..
Have a great evening everyone.
This is just a much needed consolidation after the ridiculous run up we had. I would be more worried if we just kept going up. I actually hope we trend sideways for a few months so we can build a base for another lift off.
It's great that you are taking some time off for your family. You won't regret it when you are old and grey.
If there is one thing I will never regret, it is spending time with my son. he's only in kindergarden for 4 hours every day, and fridays he's off. I think it's horrible how people leave their children there for 9 hours every day. That's longer than an average work day for ADULTS.
But it means I have to do a hell of a lot work those 4 hours and before. I get up at 5 oclock and work 3 hours before he wakes up, and I work all evening and sometimes nights. I can do that for a couple of year s until he's 10 and only wants to hang with his friends anyway. And I can chill OUT..hopefully we live on a warm tax-haven by then ;)
I agree. I'm not sure about consolidation though..or I guess you can call it that. It's probably IMO, just very inexperienced and insecure investors. What's the average age of a crypto investor? That would be some interesting shit right there. My next post :)
But I'm pretty sure it's young, and I'm pretty sure there's a lot of CHILDREN investing in this space. Probably 5-10% under 18.
So expect volatility.
It's great that you spend so much time with your son. It is hard but worth it. My wife and I had boy/girl twins about 6 months ago. I work full time and have been spending a lot of late nights preparing posts after they are in bed. The best part of my day is when I come home and can spend a few hours with them.
Enjoy your weekend my friend!
I love this. And in Jan 18 crypto just died... lol, that sentence speaks volumes about what will not happen! What a stark contrast.
That glass of organic wine looks pretty good right now and cool kicks!!
Enjoy your time with your family; always time we’ll spent <3
I sort of realize that lime green shoes and organic red wine (although from a regular glass) isn't very viking of me. But to be honest, I'm not really the limegreen barefootshoes organic wine drinking kind of guy. It just happened to be like that - and I'm pragmatic and don't care what color my shoes are ;)
Thanks!
I should say this more often: once again nice post from you! I made this notion with a like-minded academic friend: in fact cryptocurrency markets are showing particular strength during these times with less volatility than expected. It seems that "good old" rollercoaster rides require more serious news from the world than South Korea threatening with crypto ban and Warren Buffett, Jamie Dimon etc. echoing his warnings. Some could say that stakes are higher than ever (they kinda are), but taken into account this level of institutionalization and widespread ecosystem, it would indeed be a black swan ^2 if all this came down in January 2018. Volatility of a well-diversified crypto portfolio today seems like a high beta stock anymore. I discussed this more in my blog: https://steemit.com/cryptocurrency/@thomastaussi/south-korean-crypto-ban-plans-make-no-brakes-for-the-crypto-train
Myself I represent traditional academic world of accounting and finance and currently am working on risk management theories. For years I have had a side interest in Austrian School of Economics, subjective value and entrepreneurial theories. Some Scandinavian scholars are advanced in an idea called entrepreneurial judgment, which can be used to explain confidence and mentality of many crypto investors: reflecting experiences and intuition in combining recent news gives subjective insight that can lead to completely different evaluation of uncertain future than what is perceived by investors that follow the rules of stock investing. Even if admitting the existence of a speculative bubble, we still see very little analytical professionals talking about relevant references like total ecosystem-wide market caps what you mentioned.
Ps. I like your Scandinavian libertarian theme. Something rare in the Nordics :)
Btw, greetings from Göteborg! (On a seminar trip there, tomorrow back to Helsinki)
Have a relaxing weekend and then keep on rocking!
Hey! Thank you for your thoughts and kind words! Very interesting. I gave you a follow and an upvote :) @thomastaussi
waoowww !! great idea sir ... tell me one thing which camera you used for these clicks ??... i also love your clicks <3 i wanna see more in future i am following you now
thanks. I just used my samsung galaxy S6. Good ol' thing. And a superawesome head light.
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