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RE: VIX is up Today. What does that mean?

in TradFi8 days ago

Exactly, my friend, I prefer to be optimistic. I believe that when there's optimism, many doors open and more possibilities appear or begin to emerge.

Thanks for adding me to your community. I already knew about it through @angeluxx. By the way, she sends her regards; she couldn't talk to you on Discord because her phone died as soon as she logged in. There's a power outage. And she really wanted to say hello on Discord. Thank you for all the support you've given them; it's been very kind of you. I'm her mother, and she's told me about the community, but my job and household chores prevent me from being very active on Hive, but I try. It's a pleasure and a pleasure to be welcomed to your space; I'll keep it in mind and try to participate whenever possible.

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I get silly in discord FYI. I don't take discord seriously in the same way I do HIVE which you may have picked up on 🤣

I take TradFi community and HIVE seriously but I like to have a good time on discord.

Relax, buddy. The next rocket to the moon won't launch for at least two years. Just unwind and enjoy the teddy bear dance.

The next rocket to the moon won't launch for at least two years

Why do you say that? LOL

The last halving btc was not in 2024, the next one is in 2028 and we are in 2026.

Ahh so you think that because of the cycles. I personally do not think the halving has that much of an impact anymore.

They tried to sell us the idea that BTC was digital gold and shoved ETFs down our throats.
Now the market is going to cleanse itself and eventually rise again. We'll see with the ETFs if the drop accelerates and the bear market is shorter or not. It's not going to be the end of the world or of crypto.

Well we have a HUGE tranche of BTC investors now that are new to the game. Volatility is usually a bad thing for old school investors. You can see on coinglass that the ETFs are having heavy outflows right now. I think the TradFi folks are just new to the game and getting crushed because they are not used to trading BTC.

You know why this isn't the death of Bitcoin or cryptocurrencies? Most people aren't in the crypto market.
The global market expands every year. And I'm not just talking about population growth. I'm talking about people who have never bought a cryptocurrency in their lives.
Sooner or later, they'll enter the crypto sector.

You yourself said that Hive could drop to 0.05. Are you going to panic because it's now down to 0.067?
I spent $100 on DOT back in the day, paying much more than it's worth today. I didn't sell it for $10, so I'm not going to panic if it drops to $1, for example. I'll buy more when it's cheaper and average it down to my cost.
Many people on Hive sold to wait for the drop. It worked out well for them. Now, if the market had gone up, their gamble would have backfired spectacularly.

I think the mistake today would be to sell everything and get carried away. It's a matter of holding on.
What I don't see is people wishing for the Trump meme years after his term ends. That's why I think the market needs to cleanse itself.

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It's good to relax and take a break. I'm not much of a Discord user, but I could make an exception. Thanks for the chat. See you around those parts another time

It's good to relax and take a break.

I need to work on this! LOL

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