"After Effect! After Effect! After Effect!"
or alternate title…
"The Day. The Crypto. Died"
or
"I'm Still Standing. Yeah. Yeah. Yeah"
So much for $SOL
(it's trading (27)% and counting)
So much for $FTT
(it's trading (61)% and counting— still bigger mcap than $BSV!)
So much for growing Super Bowl advertising in 2023
So much for what was left of $AVAX after embarrassing vids exposed, it rose along with Saint Sammie's FTX and SOL buddies.
Not a great day for $btc since it was rumored Saint Sammie was a "booster" of that crypto, along with #Tether & CZ, and again, $AVAX rose at same time as Solana & FTX popularity which adds suspicion.
Is it a great day for Binance? It's only down 1%. So far so good, and they just took out arguably their biggest rival. OKex / OKC / OKX next? Then Huobi? Yesterday it was Luna, today it's SOL and FTX, but which one will be next? Why not Binance? It's not like regulators aren't busy swarming it.
Germany financial regulator just shat on Coinbase hours ago.
https://watcher.guru/news/germanys-financial-regulator-orders-coinbase-to-assess-potential-deficiencies
LBRY ruling in USA looks like 99.999% of all cryptos are securities and in violation of SEC regs, with Ripple / $XRP coming up on the docket SOON™
https://news.bloomberglaw.com/securities-law/lbry-sold-tokens-as-securities-judge-says-in-win-for-sec
South Korea, a #CBDC fan, just told Ethereum to pack sand— no scaling.
https://www.ledgerinsights.com/bank-of-korea-performance-cbdc-blockchain/
"Another blinger with the slick trigger finger for Her Majesty;
Another one, with the golden tongue, poisoning your fantasy;
Another bill from a killer turned a thrill into a tragedy"— Jack White & Alicia Keys
Every week in 2022, we seem to witness yet another way to die in crypto.
🎵
https://www.youtube.com/watch?v=hM5UJvnbbuY
🎵
But wasn't this all predicted? Send in the LAWR meme clowns.
Craig "SN" Wright predicted the downfall of all this stuff, starting years ago with specifics on cryptos like DASH, MONERO, and Zcash. Remember him predicting that one like a year in advance with 3 specific cryptos named?
https://www.nasdaq.com/articles/bittrex-to-delist-privacy-coins-monero-dash-and-zcash-2021-01-01
Maybe all his experience watching eCash systems die in the 90s and Oughts turned out to be helpful while he was thinking of competing with his own submission into the blockchain eCash ring? It's like… he read his history and decided that anonymity and failure to scale and not being priced less than Visa might lead to failure, and took his LL.M to figure out how to not let that happen to HIS coin! You can read his studies in this area on his old blog, from 2008 era, on Wayback Machine. Quite insightful that he spent most of his time back then talking about boring-ass things like "unilateral contracts" rather than C++ code. While everyone in crypto is worried about "dencentralization", which isn't happening as evidenced by FTX's bank run in the last 24 hours— since Saint Sammie said "FINE" too many times yesterday in a single tweet. Meanwhile, Craig runs around boring people and pissing them off by claiming his BitCoin, namely BSV, is legally compliant. How did he know? Legend.
Bad news come in 3s? Well, in bigger cycle amplitudes, perhaps they come in 6s and 12s? Sure seems like it in 2022. Same goes for BSV.
But BitCoin BSV has LIVED an entire life of drowning in the cream barrel since inception. Gets attacked by anonymous Miners. Has literally every crypto impresario verbally lambaste Craig and BSV as "frauds". All the white-shoe crookeds..errr… I mean guys, like Coinbase, Kraken, Genesis / Barry Silbert, DRW / Cumberland, Novogratz, Digital Cap'l Group, Coindesk, all the "bitcoin OGs" spend a LOT of time shitting down the barrel at BSV. BSV price is depressed; TAAL barely escaped bankruptcy along with all the other mining companies who either already declared bankruptcy or are teeter-tottering (and now worse with btc sinking on Saint Sam collapse) every day this year.
Yet, the mouse who churns his ass off in the cream, and turns it into butter, gains great muscles. All the other mice who have made money easily before, are now at the same level as the mouse who worked himself out all day, churning cream. The cream-to-butter mouse is now jacked— completely USED to fighting for life itself, much less any scraps tossed to him from the table. The butter mouse when he climbs out of the barrel, is now on the same level as the easy-money-scammer crowd, and can now freely kick their ass.
🎥
https://www.youtube.com/watch?v=51lFmdChOA0
🎥
Looked another way, winning is mostly about survival. Know what we all as humans have in common? Our ancestors survived. Our ancestor granparents didn't drown in the Atlantic while migrating from Europe. Our ancestors didn't die of Black Plague. Our ancestors didn't die on the battlefields of Persia, Greece, China, Rome, or get killed by raiding Vikings. We all share that, the mere survival led to you, no matter your horrible present circumstances. We're all lottery winners, simply by surviving. That's what BitCoin (BSV) is doing. Survive and Advance. (the best 30 for 30 ever made by the way)
🏀
http://www.espn.com/30for30/film?page=survive%20and%20advance
🏀
So should we be concerned with $40 BSV today, in sympathy with the Day Crypto Died? Yeah, all near-term pain hurts, and is costly in many ways. (But not as much if you're allocated ok, like 10% of liquid assets, not 100%) But near-term pain must be survived for long term benefits sometimes. And others can prosper if entering afresh. For instance, SLictionary Word$miths and WordBarons will actually do better to increase their use of the platform if BSV goes to $1, actually, as their NFT tokens representing definitions/words owned will then sit on upto 1 full BSV per token, and allow them to make plenty either riding out the price storm or taking advantage of it if the price should go up a million times like all the btc shills say, someday. BSV may not make it; there's always that risk since BitCoin itself is experimental. But it has the best chance of any, IMO, and the upside (odds) is gigantic over the next 2-5 years.
On days like this, the pain is palpable with BSV at $39, and we could see high teens IMO before the bottoming is over. But when the rest of the crazy crypto-crap world is lowering itself even faster, and proving the founder of bitcoin wright, it's time to do what your ancestors did who DID find their way into a Titanic lifeboat, and simply sing a little bit and live to die another day.
🎵
https://www.youtube.com/watch?v=ZHwVBirqD2s
🎵