Another day, another gas price increase. It all somehow started with the Russia Ukraine war, but my take is that it was all in the cards long before that happened. It's something "great reset" related that it's pointless to enter details anymore. We are paying for almost anything more than we did just a few months ago.
That's a fact and I clearly see no recovery in the near future for what this bubble is for humanity. I'm not very good at economy, but it sure looks like shit. I live in a touristic town and the number of tourists visiting it is definitely reflecting the wealth of the country and the willing of the citizens to spend.
I tell you something, 2022 is incomparable with both 2020 and 2021. A matter of fact, despite 2020 being the year that was supposed to be awful thanks to covid, it turned out to be a great one. Everything around now screams recession and and we might have it after so many years of false warnings.
We are the the Roof Koreans, though, in the manner that it is entirely in our hands to actually do something. I know that what we do in here in crypto is not just fighting against racists as the Roof Koreans did, but the fight is pretty similar.
The system no longer works for the individual, it is probably decades since it stopped doing that and the digitization of everything has amplified that even more. We're nothing but cheap labor and tax payers for our governors and mere products and consumers for industrialists.
So far crypto hasn't been much of a hedge against inflation, but what options do we have? It's not like we're getting back to gold or barter, we should make use of the tech we have at hand. The number of digital wallets has surpassed the number of deposit accounts at JPMorgan.
Things are gradually piling up, but they seem to be doing that in silence. Nobody comes on live television asking people to buy crypto or to do something to earn it. Smart money on the other hand is acting accordingly. Some of the largest investment funds are probably scooping cheap bitcoin as we speak, otherwise the current price action wouldn't make any sense.
It looks a lot like accumulation to me and I wouldn't want to be a no coiner at this point. We don't know for sure if crypto will indeed be the life boat we're waiting for, but what if we're right, and what do we have to lose if not right. Even small businesses in NYC are entering crypto, but the individuals are still waiting for $20k BTC. That might happen, or not...
BUT, if buying BTC at $39,000 doesn't feel right than putting out content on Hive and getting engaged with some of its projects sure makes a lot of sense. We here are the real Roof Koreans as we have taken the power of creating our own "monetary system" and wealth in our hands before the ice started to crack.
We've talked recently in the comments section of a couple of posts of mine about BTC falling to $20,000, but that doesn't make much sense honestly. Why on earth would you sell something of the future, something smart, tech oriented and so well designed for "petro dollars" that are so weak and dirty? I don't know about you, but I wouldn't want to be a no coiner right now.
Everything can happen in crypto, but when looking at the S&P 500 and some stocks like Netflix it sure looks that some of them, Netflix included, look like pure shitcoins. Worth asking is also: why would you buy Netflix stocks when you can buy cheap SPK Network tokens? I might be wrong and not properly hedged for a recession and/or a crypto bear market, but cash doesn't look safe at all.
Thanks for attention,
Adrian