It's in your head!
I wrote an article two days ago discussing the downturn. In reality, I was more pointing at how we are still on a serious uptrend and we have recently had a small correction. I found some comments very interesting and they inspired me to write another post. The downturn really gets into people's head.
You are holding crypto
You are holding onto the mode of exchange of the future. Transactions will all be made on a blockchain in the not too distant future. These tools are continually developing and are becoming more and more commonly used as the days go by.
If you are currently holding onto cryptocurrency, you are among the early adopters and likely, just by holding onto it (as long as you are holding onto valid projects) you should see some gains over the long term.
If you have been holding onto crypto for the last 6 months, you should have seen some crazy gains already.
Gains?!?
This is where it gets tricky. Unless you are holding inflationary coins, staking, or in Defi, you haven't really gained anything. Let's take holding onto BTC for example, if you have 0.13 BTC, and have been holding onto it for the last 6 months, you have not gained any BTC. You still have 0.13 BTC.
The real issue is that most people are still concerned with how much fiat they could get for their cryptocurrency. We have all seen that Matrix meme... this one.
The point of the meme is to get you ready for the new paradigm. This shift in thought is to not think about your wealth in terms of how much fiat you have. It is futuristic thinking that will get us out of the emotional rollercoaster that the greens and reds bring to us on a daily basis.
Fiat
I think that fiat will always exist (or some crappy government blockchain version will take it over). This currency will likely symbolize the slave/master economy. I am sure that most of us can see it already. Working for fiat is a trap, one that is elaborately set up for us to work our whole life until we are no longer "useful" to those that run the economy. This will only get worse moving forward. Crypto, and embracing the new paradigm, is the door out of that cycle.
Through the door
So, on the other side of the door is a new paradigm. This is where we are free of the emotions of currency valuation. This is where we are active participants in a functioning economy... a vibrant ecosystem that is only at the beginning of development. Once we find our area(s) of value, we grow our own value to the ecosystem and end up, in turn, growing our wealth. They go hand in hand, as they should.
This is what is missing in the current economic system. Our value is usually far from what pays us. Or, a fraction of our value is what pays us a fraction of our worth. This is very intentional and why there is so much injustice in the world today.
In the coming crypto economy, there will be justice (as in fairness) and there will be a legitimate push for people to find their value. In order to free themselves from the shackles of the old slave/debt economy, everyone will need to find their value in the new economy. The beauty is that there are a ton of different ways to be valuable, and you can have more than 1,2, 3, 10, 200 ways to be valuable. You can be valuable by blogging, gaming, programming, testing projects, mining, lending, staking... this list goes on and on.
That is only stage 1. I am a skilled carpenter. I would far prefer to work for crypto than fiat. Once the crypto economy is more mature and robust (and free from the hordes of legacy economy trying to buy their freedom by playing the markets - ironically, that freedom will not come until the truth if realized), we can provide value in the world, away from the internet, and stay in the crypto economy.
It will be night and day where you plan to put your effort. You can work in the unjust system for an unfair wage, or you can work for crypto. There will always be shades of the legacy economy infiltrating this space... do not be fooled, watching ads for dust is not value.
Share the wealth
We have seen it time and again. People on the blockchain share the wealth. The way this blockchain works, we get a share of inflation. This means we get effortless gains. It also means we want to help give others a leg up. There are constantly contests where people are sharing the wealth. New users are given donations, generous upvotes, slinterland cards... whatever they need to get started.
This will be a growing and ongoing trend in crypto. It is the economy that will be setting people free from the doomed legacy economy. Once free, it is only natural to free others, right!? Right!
Red days, Green days
If you get happy on green days, you get sad on red days. I get crypto on crypto days and that is how I like it. Of course I like the green days, but they will always come along with the red days. I am focusing more these days on having an abundant mindset, practicing what I preach and accumulating more life changing wealth in the future economy while still surviving in the legacy economy. One day, I won't have to worry about that, but not yet. Soon enough.
Let me know what you think about all of this... I am very interested in hearing your thoughts on fiat vs crypto... green days vs red days etc. Thank you for reading.