New Moon December 2021
Oh, imagine that...
Another new moon, another 21% crash in the last 24 hours.
I am shocked!
Shocked I say!
17 hours ago I said it was a good time to take gains and balance positions. Today I wake up and BTC has flash crashed to $45k basically during the first hour of the new moon on the East Coast. What a "coincidence". The New York stock exchange and time-zone dominates financial markets time and time again.
Of course I'm perfectly happy with my current positioning. "Bear markets" are the best time to build, and the amount of development going down right now is absurd. Of course I put "bear market" in extreme quotes right now, because this is clearly not a bear market. Anyone who was QQing their ass off in May's 10-day dump doesn't really get an opinion during this current correction.
You can't have a bear market in crypto without first having a mega-bubble. Trading sideways is not a bear market, and we've been essentially trading sideways for the entire year of 2021. The last real bull market was Q4 2020 which gave us an x4 from $10k to $40k. All the movement since then has largely been just noise.
What is a bear market?
A traditional bear market lasts 12-18 months. Hands down the end. Anyone who said "bear market" in May unironically can head back to the Kid's table. The greed and shear ridiculousness of retail right now is for sure the most obnoxious joke I've ever experienced. The complete lack of discipline and patience in this space is exactly the reason why everyone has been trapped inside the failing legacy system for so long. If you are going to act like a sheep, then prepare to get sheared over and over and over again, as the elite funnels your lifeforce into their pocket while joking about it with each other.
Crypto removes the ability to make excuses.
Anyone who's been here long enough and actually knows how to be their own central bank no longer can act like they don't have the opportunity to succeed. At the risk of sounding like a delusional elitist asshole who's lost touch with the reality of the plight of the proletariat... just... stop being poor!
Let me explain that.
As cringy as it is to tell people to just "stop being poor" there's also a little bit of truth to the statement now that crypto is going mainstream. The legacy economy is a meat grinding system based on debt-slavery. It's equivalent to being a student in a classroom that grades on a curve. No matter what happens, a certain number of people are going to fail and get sucked through the grinder.
Crypto changes the entire game.
We are no longer trapped within a system of endless debt-slavery. We now have the option to trade being lorded over by "trusted" authorities to being fully responsible for ourselves. This is a glorious and terrifying reality, because it means that we become our own worst enemy. We must compete against ourselves and learn to work with others, a reality that runs largely contrary to legacy capitalism.
If you are the kind of person that sees your crypto stack go x10 and then just assume that all those gains are locked in so you go on a spending spree... you're gonna have a bad time. Surviving the volatility of crypto requires exponentially more financial responsibility than the old system, and people in the old system have been trained from birth to live paycheck to paycheck and load up that credit card to the max, paying the minimum amount every month.
The massive level of financial discipline it takes to make it in crypto is astounding, and I don't necessarily expect everyone to attain that level of skill, but the tools getting built are making it easier and easier to break away from these chains of debt. At a certain point it becomes hard to feel sorry for people who don't seem capable of saving a dime. Am I in a super unique situation and someone entitled? Yeah, so I mean take these claims with a grain of salt.
At the same time we also seeing other issues popping up.
I'm listening to @theycallmedan's podcast right now.
https://peakd.com/hive-181335/@theycallmedan/saqwofmi
He's got @lordbutterfly on there talking about marketing, and currently @ura-soul is talking about "censorship" and downvotes that a lot of the "conspiracy theorists" are constantly getting. I hinted to people like @r0nd0n in the past about how we can permissionlessly get around these kinds of downvotes, but I was sort of in the middle of a tiny downvote 'war' at the time so I was keeping my mouth shut.
Hm, still I am honestly staying silent on the topic, but just know that I don't think that 'wrongful' downvotes are a big deal, and will easily be rectified in the future in various ways. Nuff said (for now).
I guess the real point to be made here is that subjective rewards just aren't going to cut it in a scaled up future. "Get paid to _____" doesn't work in a subjective environment controlled by the elite. Again, I've got plenty of ideas but what I really need is implementation. I don't feel like talking out my ass yet again without actually bringing anything to the table. Soon™.
I guess the message I would issue to anyone that thinks they are being censored on Hive would be to look at the frontends. Hive frontends are centralized and they will always be centralized (controlled by the person that pays for the server). Every single frontend I've seen still uses the same shit code that Steemit Inc created: whoever gets paid the most is the one that gets on the trending tab.
There's really nothing preventing anyone from creating a frontend that puts whoever gets downvoted the most on the trending tab. It's really up to the frontend to decide what merits curation and views and what doesn't. Again, it is not Hive's fault that all the frontend apps of Hive aren't really doing their job or inventing any new functionality. Again, I would say that anyone who claims to have been censored from Hive is either being dramatic or has a fundamental misunderstanding of how Hive actually works.
That being said I think it's a bit ridiculous that people on Hive are getting downvoted based off of political/religious opinions and not "trusting science" or whatever. My only question is: why are you letting it happen? Why aren't you banding together and pooling your votes/resources? Why aren't you making a new token that isn't subject to such bullshit? Why aren't you making frontends that curate based on liquid tips?
There are just so many ways around the downvote issue and I'm seeing zero collaboration of a community that essentially equates to a second-class citizenship on this network. What do we gotta do here? Make #informationwar a protected class?
On a certain level too much time has passed for this narrative to add up the way it's being presented. Where is the curation bot that protects users from this kind of thing? Communities that are under attack usually rally together. I'm not seeing it. Rant over: more on this later, but just to be clear I think this is a problem that is much more easily solved than just leaving or forking away.
Conclusion
Clearly I'm a bit on tilt and continue to find myself all over the place. Scattered to the wind you might say. I guess that's what happens when I see all this outcry when there's nothing to cry about. Oh no, number went down what am I gonna do? Oh no downvotes bad, boo hoo I'm helpless. Like... no. I'm not buying it today. Rather I'm chalking it up to a simple matter of a lack of discipline and patience. Maybe that's just my entitlement talking, but I've already been through several downvoting wars and several "bear markets" so I feel like I have some experience in this arena.
The legacy economy is a meat grinder. And that grinder does one thing: chew up and spit out whatever is on the bottom. I'm not one to be like, "Hey just don't be on the bottom, idiot... problem solved!" but at the same time crypto is different. The rules are different, but the concepts are the same: keep grinding and don't give up. Money isn't real. Don't feed the trolls.
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I‘ve heard the full CCT again, pretty amazing every week, but the audio quality this week… Bro…
that was quite a rant which was due, i guess.
Great post, learnt a few things today.
I am not shocked, it is just an usual correction.
This Indeed a great week and great news and thanks for sharing boss
People often say that they want their freedom, but can't handle having nobody other themselves to blame for their bad choice, hence the whining about student debt
But at the same time there is an entire culture rooted around going to college otherwise you won't make it.
It's a heinous double standard designed to trick people and extract value.
Not great.
if I ask people, I become the answer "it's a healthy correction".
PeakD has the option for trending by views and you can sort by most viewed Today, Yesterday, This Week, Current Month, Previous Month.
That's interesting, how do you do that? I'll have to give that a try!
when you click on Explore second option in the menu is Most Viewed Posts. When the page loads you can pick Today, yesterday...
I don't have anything to add here, but I want to pop in and let you know that I read your blog (and vote on it) almost every single day. If Hive were a newspaper, you'd be the columnist I turn to as soon as I unrolled it. (Guess I'm giving away my age with that analogy!) Anyway, good job and thank you.
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Hahah yeah, he's been a top columnist for many of us for many years! He's always got some good shit to say.
Informed shit. :)
@edicted is one of my favorites too. Who else do you follow?
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I read the LBI, CL, and BRO reports regularly. Also taskmaster4450. Anyone you could recommend?
I also have a easy contest you may want to enter and the reward is one HBD!
https://peakd.com/nobansonhive/@shortsegments/jack-dorsey-tweet-contest-earn-1-leo-for-a-tweet-reply
I miss the silence from the bear markets when anyone could do his own thing and build up. Now when the bulls are still running there is fake hype and people coming to the crypto space just to snap a profit. These are not believers in the technology, these are not long-term investors, but just passengers passing by...guess are good things in both seasons :)
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I think even with crypto there will be a lot of people put into the grinder because crypto is full of a bunch of scams/hacks right now. Then again it's probably because people don't do any research.
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if anything, this isnt even the worst correction that we are about to witness. I sense another bigger correction very soon is in store for us in order to further flash out a lot of the mainstream-riders that bought in crypto 'just for funsies'
I forgot to mention that we've only dipped 35%, which is exactly the level we'd expect for a totally normal dip in a bull market.
my thoughts exactly. and still, a lot of people have been liquidated from the markets altogether, so I guess the dip wasn't so bad when you come to think of it :)
I would love a way for the front ends to display posts that are the most interacted the way the dinosaur places like Fakebook do. It's not necessarily the likes that drive something, if it's got 10k comments that drives a lot of attention to it. Similarly, something on Hive would be awesome for that type of thing. @peakd is it possible to add an additional filter option to that for interaction? Just curious! I know "trending" and "hot" are typically based on votes from my recollection but engagement would be an awesome metric to further filter the incoming post feed. I would stay on that one far more often than I do on the other vote based one!
Educational autonomy and paid to learn is a mind blowing concept for sure. Will a lot of people be able to de-program and do it though? That's to be seen!
This is an interesting post to read ,thanks for educating a newbie like myself
Funny, most people think I'm crazy when I bring up the moon cycles. For years it was quite clear each month that there was always some sort of heavy response to the new and full moon. Nobody believed it haha. So I kept my mouth shut as it was pointless. I often forget what stage in the moon cycle it is like this month, and realize afterward like this weekend that it's new moon.
I truly wish for more people to have friends that know about hive and other communities where they can earn some money. I surely wish that I knew this when we were about to get evicted. I have been spreading the message to everyone that I know has potential and will deliver good content. None of them feel like trying and picking whining and struggling over having me guide them through the basics.
Oh well, in that case, good luck staying poor it is :)
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That's an interesting observation that the bitcoin crash happened in the New York time zone. I wonder if a lot of speculators were facing margin calls in the stock market, and they sold assets to meet those calls - and one of those assets was bitcoin.
really great post. There is so much stuff to be done and this is a sign that we are in a transitory phase. The fresh ideas in the "cryptoverse" is what is giving me hope right now in a monetary system based on debt. You are right, it is terrifying to become aware that we can actually retake autonomy here. We aren't used to that, as we have been taught to obey and pay in the rigged system. But it is just one of the many stepping stones that we have to walk on to get our asses off the ground.
yes! I argued some time back that frontends should try to experiment with this more. For example, make the algorithm more complex: vote value + vote amounts with an appropriate weighting would be just a beginning
Crypto is different and it take alot of times to understand. The most people that join crypto during this bull market will find it difficult during the bear market
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Yes, we walk through this "Glorious and terrifying" crypto territory. Learning the ropes of it all. What a journey! Let's take it one step at a time! ✌
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Crypto currency is a market,we believe that what goes up, will soon come down. What we need is to know when to buy crypto currency and when to sell,but as a long investor,we don't care what's happening in the market because we invest when the market is down and leave it for years.If in terms of buying and selling. I prefer buying when is low and sell when is high. Plus trading at the same time.
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Selfish, lazy, shit humans having a cry about Hive censorship.
You can and always will be able to create crap content on your account that will be published to the blockchain.
But it's not your right to have community front-ends display your crap content if you're being a selfish piece of shit who chooses not to respect said community.
Hive's censorship-resistant blockchain however, allows you to move to another community front-end that will choose to display your crap.
Finally if nobody will, then you can simply build one yourself that does.
Your account is never actually censored thanks to the blockchain.
Pretty simple concept.
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I'm hoping for a moon as I loaded a bit more on this dip.
What a great post, I had it as my morning coffee read and it kept me nodding all over the place.
Thanks for waking me up. I sometimes see an occasional downvote on my side. Apparently I belong to the "dumb cunts" I never really bothered with downvoting myself.
One time a post of a Splinterlands guild mate got copy pasted. We banded together and downvoted the hell out of it.
If people feel censored on hive:
It is actually really easy to pull data from the hive blockchain and post it to whatever frontend they like. Including their own frontends! The information is there, on the blockchain, forever! Worst case you pull the data hiveblocks and make a screenshot and distribute that.
It is not censored...
!LUV and !BEER
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@solymi(1/1) gave you
Weak hands panic quickly as soon as they see an almost normal correction. The undoubted advantage is that the positions of these unprepared traders pass into the hands of long-term investors who lock in their position. What does this bring? Greater market health! BTC lost the important support at 53 k but has others below it and from there it can start again to conquer the promised ATH.
As for the financial freedom promised by cryptos, I agree wholeheartedly! Cryptos can revolutionize the entire financial system from below and remove the key to the chains (or steal the fire if you like classical mythology) from the financial establishment. But about bankers and financial speculators, do you really think they are watching without reacting? They are in it now too, in complete anonymity, and will try to maintain their status.
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