Bearish Thoughts
Hello to All
September is living up to it's name Rektember and we are still getting rekt in the markets with what looked like a tiny push yesterday before pulling back straight away. Is this the longest bear market ever?
It feels like we are in complete capitulation mode now with all the Bitcoin ETF excitement fizzing out and the real pain in the economy being felt after the endless fiat money printing during corona and the higher interest rates.
Something that Lyn Alden said this week caught my eye and it was that the higher interest rates may not slow inflation because it is government spending that is out of control and causing it.
One good thing this week happened that I think is good for the next bull run is that Bitcoin should have better accounting treatment for companies who want to hold Bitcoin on their balance sheet. That was a great win for Saylor.
The buzzword I see is that it is still the accumulation phase and with that in mind, here is the progress of my Hive goals.
It has been 2 weeks since my last update and it is good to take a look at the numbers again. We are now approaching the middle of September and the end of week 36.
My Hive tokens grew by 1661 since last time and that includes a 1k power up. I am almost 88,8% of the way to reaching my target and have 4914 Hive left to power up this year to reach my 100k goal. With Hive at these low prices, I will for sure be powering up again this month.
My ALIVE tokens grew by 245 since last time which is some good growth as usual. There is still 7k ALIVE to go to reach my goal.
The largest progress this week has been in my GLX goal with an increase of 8579 GLX and I am closing in on the 100k GLX. If this growth remains the same in the next 2 weeks, I should reach the goal.
We still have 16 weeks left to achieve our goals and make the last push to get there. How is your progress looking?
Thanks for reading.
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Great progress and I hope you achieve your goals on the platform.
Thanks man!
Wow, you arе truly a crypto champion. I must confеss to say that your commitmеnt to your financial goals is truly imprеssivе! Plеasе kееp up thе fantastic work and I wish you success in attaining a new height on this journey. #Cryptochampion💪🌟
Thank you for your kind words. I never thought of it in this way.
It is great to see you progressing by leaps and bounds.
May God help you with achieving your goals. Sending more powers to you brother.
Thanks for your kind words. I wish you the best too.
You are welcome.🥰
stay strong buy more lol thats hwat ur good at this i sth etime to diamond hands
Thanks man, lets keep stacking!
ya u 1000x my stack lol. most my stuff are in nfts
you are NFT Whale now! lol
not even lol thats other people. im not even in 5 digits
you will be soon though!
maybe @_@ when u hire me
You need to ask a whale for a job. Just a hodler
You are a whale hello 😂
Well, the Fair Value Accounting method for crypto introduced by the FASB which will officially take effect from 2025 is exactly what corporations, Blackrock, Wall Street & Co. want. As the saying goes: if you can't beat them join them. One can already guess how the 'big boys' are going to play this one.
Congrats on your progress! You'll hit the 100k before the end of the year for sure.
Thanks man, the 100k is in sight now.
yeah, the corps are happy. I am sure they have already been filling their bags. How are they going to play it? I wonder how Saylor will report those gainz on his balance sheet already! lol
One way would be by deploying the 'Trojan horse' method. I expect ETFs to become standard. If corps want to take it to the next level though, they'll apply the derivative game to crypto -- and that will be beyond insane.
Re-hypothecation always ends badly as we saw with some of these exchanges... Could be a wild ride!
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Thanks for sharing this update! Cryptocurrency generally has been a hell to everyone these days, but I'm proud you are still sticking to your set goals. Well done brother.
Thanks man, it has been a tough bear market these days.
Sincerely, i sometimes feel so tired. i just wish things falls back to the right place asap
Do you suffer from insomnia?
Not at all, lol. but why do you ask??
Was wondering why you were tired. I sometimes can't sleep.
I am not tired and still active.. But why can't you sleep if i may ask?
Im not sure, maybe Insomnia.
Ohh! so what have you done about it?
I am heading north beyond the ice wall to join the Night Walkers.
Lol, really! Just ensure you are safe out there.
I will do thanks, winter is coming.
and i hope you enjoy the coming winter. And enjoy your day.
Thanks man, you too!
You are welcome brother...Have a lovely day ahead.
Your progress are amazing!
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Don't you have the same impression people who are bearish are more bearish than when bitcoin was at 16.5k? In my opinion, that's the exhaustion after the long relatively sideways movement.
It's great that you have the funds to push to complete your goals sooner than the year-end. We might have higher levels by then.
Thanks man.
Yes, thats a good point. I also think we have made a big move up since January, some consolidation is healthy. I guess the pain is felt the most in alts though.
That's normal at this time.
Great progress as usual - your HP increases are pretty impressive at each update !
And I'm totally with you, I'm actually loving these low prices because I am absolutely in accumulation mode - crypto is on sale, get it while its cheap !
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Thanks, it is good too get more at these prices. It should pay off next year.
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