Bitcoin is up like a rocket this morning, jumped up over $9500 (%27) in like a day or so, the majority of people who bought the dip dollar averaged in and made a nice little profit taking a little of the top, perfect to buy a little more steem or diversify a little bit into other cryptos you use for utility — at least that’s one way i look at it.
It does wake you up to what happens in the world and how it influences sentiment, in this instance positive towards something that is often treated very fringe like, mention the world out loud in a public space and you might be treated to looks of fear, wonder or excitement — it’s got a weird energy watching a new way of storing value and transacting taking place in the world.
The world operates on the speculation of something going to happen, to ultimately be something, the hype of potential, something that could change everything for the better, or at least, change what does not currently work.
Photo by Leo Roomets on Unsplash
Sentiment is an interesting beast, it can unlock wallets and give people hope in the blink of an eye, cleaning away dark skies and shades of grey and replace it with a multi coloured, exciting rainbow ride of a heart stopping moment of hopes and dreams.
The pat on your arm of a job well done, the hope of scoring additional goals to secure the game, the news of a new material with wonder properties not tested in the field but revolutionary enough to secure funding because it’s potential is bigger than your investment in, your not operating for today, your considering the bigger tomorrow.
China buys over a quarter of a million tons of soybeans, I’m not even sure if the farmers can produce that much of it in the time period they want it, but that’s the world of trade right, you deal on the speculation of an outcome in a way — i need tons of your product and i’m gonna pay you with what is a trusted/common/accepted form of payment — right now, a lot of things in the world are tied to the notion of the dollar, a currency in the US that’s trillions in debt, we are spending what we don’t have, buying on the never never.
So what are we really selling and buying? Illusions of Grandeur, power struggling, the ability to manipulate an outcome based on your ability to use adaptation to turn a moment of speculation into a hard cash reality?
I’m always amazed at the layers that start to unravel like an onion when you dig deeper and the way the speculation economy has built so many defences in place, economic forums, oversight groups — heck, even organised crime can be a useful faucet to a system if operated correctly.
Everyone is trying to get a time slice of an outcome that helps them live out a life they have imagined. How many sacrifice their ethics in return to playing position as a pawn in this game of chess — validating each other’s speculations in the hope of your vision coming to the table to satisfy our egos and pulsating brains.
But that comes with another cost, an un-see one. One that you can feel and know is there but you can’t see, it’s like an electric current, the crackle in the air underneath power lines — reminding you that that this free market economy can reach out and shock you anytime, positively and negatively, it’s job is just to be a conduit to the power source.
If you believe it, can dream it, can stay the course, build on the embers of burned outcomes and ideas, re-invent yourself and build a better mouse trap each time you can take a slice of pie of the table and keep yourself fed.
Time to get back to the grind eh?
__humble x
P.s —- just as a frame of reference, i moved some tokens incredibly quickly to a South Korean exchange, sold it, converted it to btc, sent it to my wallet on my phone linked to a card and bought real world food with it. It cost me peanuts to do it and it was rapid, no middle man, no distractions, no ‘come in’ to meet the line manager at the bank, just total control over my store of value.
All of that took less than ten minutes to do, might have been quicker if it was not for my OTP codes blurry eyed straight from bed, bottom line, it’s easy and it’s the future of value exchange, mathematically proven with a clear ledger governance, what’s not to like? Be your own bank!
