Bearish Sentiment

Well, i haven't expected such a crash to happen as i though the bear market was at least in its final stage, yet again, i was wrong haha.

Bitcoin dropped around 15 % in matter of hours, general sentiment has proven to be bearish once again. The reason behind it is yet to be discovered but i would like to speculate that the biggest reason for such a price action (reaction) lays in recent 40% drop in terms of hash rate – Nothing else seems to be as legit as this one.

This might be the biggest hit alts have ever taken and it might affect the way most of them do business. It was already hard enough to build sustainable business model due to a low prices, but another 15 – 20% loss in value could literally destroy most of projects out there, at least if they're completely rellient on stake selling practice.

Once again crypto industry has proven to be different and more aggressive in regards to other industries out there. The thing is that i started to feel more comfortable in such situations. I'm here for the long run.

What about steem?

Thankfully things like MIRA or Rockdb's that were introduced few months earlier, as a result of community efforts trying to reduce the costs of running a full nodes, ended up as a legit decision. Operating on the steem blockchain became way more sustainable and cheaper than it was few months earlier.
Situations like these are the reason why we should always think ahead. Although one might argue how it should have been done long time ago, i believe it makes no sense to live in the past.

This is the moment where projects earn trust from people and investors, this is the time where projects prove themselves to be worth looking at.

When things are good there is no reason for one to question the competence and willingness of people to adopt towards new unpredictable situations. But when things go wrong not as many people will manage to control their emotions.

Steem has fallen from 8$ all time high level to a fucking 0.12$ and still, the things are being build, new services implemented. Fuck, we even have funding mechanism for development purposes that is funded via blockchain itself. If we haven't failed so far, after all the controversies that made this place look like a mess, then It's kinda rational to assume that we have what is needed to succeed - Prove me wrong.

What the fuck is wrong with me man, it seems that the only thing i think of is STEEM haha. It's kinda sad one can't simply stay focused on such things since it doesn't generate enough income to sustain my fundamental needs but it makes no sense to bitch around as it won't get us nowhere.

Prices

I started giving a zero fuck about prices long time ago, i would go crazy if continued with the same practice. Most valuable thing is to keep delivering!

Sentiment will change, people will start recognizing the potential and benefits blockchain has to offer, bussines owners will start utilizing benefits of token economy and it's inevitable. Looking at a bigger picture makes me hyped all the time, don't care about short term loses, the mindest is bulletproof (unless i go out on wekeend and fuck my self up, LOL).

Big players are making their moves, trying to find best possible entry point for them to make an investment. Once majority starts understanding the benefits of Bicoin and digital alternatives in regards to current monetary system (that is designed to fail!) more and more money will start coming in.

Keep the ball running!