The Funny Roller Coaster Ride

It's quite funny what's happening these days on the crypto market. I keep saying it's brewing and indeed things are brewing. Not long ago I saw a post by alexvan, who is asking people to stop the FUD and explaining what is going on.

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If you scroll down the newly created posts, most of them are about what is going on with Hive. Not long ago the whole feed was about BTC ATH, then ETH ATH, then LEO ATH and there's one or two every day, there's always FOMO, FUD, you name it.

How Does All This Affect Us?

The answer is very simple and it is it depends. Yes, it depends on where you are standing and what's your plan, what are your priorities.

It's quite funny how people react to what's happening with the market. We've been hearing hive is sh_t for years. Many have powered down all their hive and converted it in Leo, as they thought Leo is the future, Leo has value. The market price of Leo has gone from nothing to 4 Hive and now it's back to 2 Hive.

There's always someone unhappy with how things are going, unsatisfied with the choice he or she has made. Nothing ever is good enough.

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What Are We Going To Do?

Nothing! We're not going to do anything as there's no WE here. You have to decide for yourself what is good for you and I have to do the same. Our goals and resources are different, therefore our strategies are different. What is good for me, may not be good for you and vice versa.

Some sold BTC to buy Hive when BTC was stagnant and nowhere near the market price of today. That was the right decision for them back then as holding Hive was more important. Now that BTC is heading to the moon, it seems like that decision was not good and many regret it.

Some sold Hive at $0.15 USD to buy food, pay rent, buy clothes, shoes, you name it and were happy with what they got for their Hive. Now that Hive is at 0.374 USD, they think they could buy twice as much with that amount of Hive.

Well, you can't have the cake and eat it too. Welcome to decentralization. You are in charge of your finances, you decide based on what's best for you (in the best case), or you listen to someone who you think knows everything and make the decision. But at the end of the day, you're responsible for the decisions you make and wear the consequences.

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Nothing Is For Free

We want decentralization, freedom but when it comes to making decisions and facing the consequences ... well, I'm not sure many are ready for that.

When it comes to crypto, there's a lot to learn and even then, no one can guarantee you anything. This is a relatively new area, not controlled by anyone, but influenced by many. Things can change from one minute to another and can go either way.

I was curious to see what predictions were made at the end of last year, so I ran a search and this is one of the results I got.

Some say bitcoin could reach as high as $50,000 next year, and although that seems extreme, it is not out of the question if investors move money from other assets into bitcoin.
Of course, it is just as possible that the price will head in the opposite direction in 2021. The one thing that seems certain is that the wild ride of 2020 will be repeated — so buckle up. source

This article was published on December 22, 2020.

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It's been roughly a month and a half and Bitcoin is at $49,000 already (yesterday).

Whatever you decide, think twice before you decide and be prepared to face the consequences. Whatever crypto token we're talking about could double tomorrow or drop to half or even lower. A decision could be right at the time is made and wrong after a month or a year. That's life.

As I said before, you can't have the cake and eat it too.

Posted Using LeoFinance ^Beta