More thoughts from a 2016 ETH HODLer

2022.01.24 09:07 FirefighterFar8756 More thoughts from a 2016 ETH HODLer

I share my thoughts every now and then on this forum. Especially every time we see a huge dip/crash.
Every time, I have suggested HODLing as much as possible, and selling enough to cover one's needs - those could be either immediate needs or perceived emergency needs to cover the next 1/2/3 years. Beyond 3 years wouldn't be required in my opinion - the next bull cycle will start by then.
I will be lying if I said that I didn't feel scared enough to sell a big chunk of my ETH today. The pain caused by massive unrealized gains evaporating, is always definitely greater than the pain caused by selling for a profit but too early, resulting in a much smaller profit than "what could have been".
Today, I placed a limit order for a big amount of ETH. And then cancelled it before it got filled. That's the level of fear I felt. Yet, after I placed the order, I realized that what I was doing was of little faith and a lot of stupidity. Luckily, I was able to cancel the order.
I know that many of you are in a similar boat. I know very well the pressures that you're feeling right now. This is nothing new to us who've been around a little while longer than those of you who've just entered this investment sector. Still, it gets to us every single time.
So, I just told you what I did today - and with that newfound conviction, I'm telling you all yet again - STFU and HODL. HODL till the next bull cycle. ETH is not going anywhere. It's here to stay. It's so called killers have been crashing and burning in daily operations (hint: SOL). I'm a Distributed Systems (ahem) expert (can't help feeling lousy calling myself an expert, it's a common thing among all software professionals, it's called Impostor Syndrome). I've worked in the blockchain field quite a bit. I've actually invented a new consensus protocol. Having done all that, I really know what ETH is. It is very, very, superior in terms of design. It's the best we've got. It'll be the king of Payments and settlements in future (if it isn't already). ETH IS the future.
So, STFU and HODL it if you still have it. Don't fall for any uncertainty. You'll kick yourself later if you do. Yes, it'll mean we all have to still mine that fiat till then. Regardless of what level we are in an org, we still have to hear nags and scoldings and there'll be moments of us getting enraged and wanting to "fuck it all and leave". Alas, the current world structure is very exploitative. Colleagues slit each others' throats for a few dollars of raise and/or bonus and/or stock grants. There are so many who're struggling to live on minimum wage. Nobody cares enough to ask them "have you eaten anything today?". Nobody. People among us who at least get to mine fiat (aka salary), are better placed than those less fortunate brothers and sisters of ours.
We need to HODL. For ourselves, for our children, and for that one chance to get out of this slavery and create a new world order where we can be the employers that we always wanted. Where people can smile again at work and needn't kill themselves just because their bosses want nothing less than an increase in their personal net worths.
To end, here's my assessment of the current situation.
1) ETH 2.0 is slated for July. That is heavily bullish.
2) Fed is going to increase rates. That is bearish. Badly bearish.
3) Looks like Russia will invade Ukraine. That's bearish for the short term. Next 6 months will be a time of max pain. Bearish.
4) The US govt isn't changing any of the previous govt's immigration policies. Those immigrants who're stuck outside of the US may be looking at a high chance of not being able to get back. For them, the next 6 months will be a bearish time.
5) This bull cycle didn't reach its full potential so to speak. Its graph indicates so and points to an elongated cycle. This is bearish in the short term, and bullish in the long term.

To me, all indicators are bearish for the next 6 months. This will very well mean that in the worst case, it will remain bearish or grow upward very slowly for the next 3 years.
So, if you have to ABSOLUTELY sell some ETH now, in order to live, pay for medical expenses, pay for rent or mortgage, sell the least minimum possible, OR, hunker down, reduce expenses, and try to mine fiat as much as you can. And wait for 3 years. If good stuff happens well before the 3 years, great, we can all be happy. But we have to hope for the best and expect the worst.
I am telling you what I'm following for myself. That's the honorable thing I can do for you. Let's hope for the best outcome for all of us.
May the Goddess of Fortune smile on us all!
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2022.01.24 09:07 PeeterisSilent Calm Mega Drive music

Calm Mega Drive music
https://preview.redd.it/yobbhthimmd81.jpg?width=1280&format=pjpg&auto=webp&s=dea3bf35d1c548d4084d35e9c58ecf4aafd9c588
For many years I have felt like that if there's a discussion about 16-bit gaming console sound and soundtracks, it's the SNES which gets title of being 'calm and relaxing' and Genesis/MD is being left out.
That's why 5 years ago I started my YouTube channel - Random Inn VGM's
I would love it if you'll check out one of the latest clips:
https://youtu.be/fFgoByRAoJM
All recordings are made using real Mega Drive hardware and should sound good and as intended originally. I hope you'll appreciate the effort and possibly like or subscribe! :)
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2022.01.24 09:07 Bonus1Fact [News Shorts] Atlantic Council's Fred Kempe: Biden should take inspiration from Truman to combat Putin ¦ CNBC on Youtube

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2022.01.24 09:07 Present_Juggernaut_4 SFM anime slaughter

SFM anime slaughter


https://i.redd.it/38rccuqcmmd81.gif

Aim for the head, nobody is deserves to be that ugly.
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2022.01.24 09:07 akrmichiko Low cost meme I made after my session

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2022.01.24 09:07 HighburyAndIslington Check out the huge new train departure board at London Victoria station - ianVisits - London, UK

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2022.01.24 09:07 whatevername00308 This. This is the weirdest creature so far.

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2022.01.24 09:07 Tank_blitz is saying leave cringe?

View Poll
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2022.01.24 09:07 Possible_Abrocoma_22 Zimbabwe ex-cricket captain Taylor admits he took drugs, bribe

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2022.01.24 09:07 Difficult-Pick4048 Far Cry New Dawn Codex fix?

It won't launch the title displays on desktop then exits. I read somewhere an outdated crack might be the problem I'm not sure if I have it I just downloaded the most seeds on kickass does anyone know where to get a working crack? Or if that isn't the problem does anyone know how to fix the game refusing to launch?
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2022.01.24 09:07 ThisOnePerson032 Bird keepers

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2022.01.24 09:07 Gamer49pizzas Any ideas what can all of this get me

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2022.01.24 09:07 thaniyas regice on me 3563 8160 1463

pls request asap and stay online!!!
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2022.01.24 09:07 Possible_Abrocoma_22 Taliban, Western officials meet in Oslo to discuss Afghanistan

Taliban, Western officials meet in Oslo to discuss Afghanistan submitted by Possible_Abrocoma_22 to rawuncutnewss [link] [comments]


2022.01.24 09:07 Bonus1Fact [News Shorts] Brian Sullivan's RBI: How the Dow has performed in presidents' first years in office ¦ CNBC on Youtube

[News Shorts] Brian Sullivan's RBI: How the Dow has performed in presidents' first years in office ¦ CNBC on Youtube submitted by Bonus1Fact to NewsShorts [link] [comments]


2022.01.24 09:07 One_Leg4557 First try ez boss

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2022.01.24 09:07 Vailhem New Fuel Cells That Can Operate At Temperatures Between -20 To 200°C

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2022.01.24 09:07 panphyni Any experiences switching from Escilatopram and Bupropion to Bupropion only?

Hello guys, as in the title - has anyone of you switched from the escilatopram and bupropion combination to Bupropion only? And if so, what were your experiences? How long did it take you to find out whether or not this was the right decision? How did it go with the side effects?
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2022.01.24 09:07 Possible_Abrocoma_22 Club World Cup on track despite Houthi attacks on UAE: FIFA

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2022.01.24 09:07 vlewy "Si armonizamos todo, nos cargamos la esencia del federalismo"

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2022.01.24 09:07 prhymeate Does Tasker work on CalyxOS Android 12 (3a)?

As much as I'd like to avoid A12 given everything I've read about it, it looks like it might be unavoidable to keep getting security updates. One of the most obvious annoyances is the giant clock when AOD is on. Tasker seems to have found a way to force the small clock to show, but is it possible to get a paid version of Tasker running well on CalyxOS? I've had issues with other paid apps, so wanted to check beforehand.
https://9to5google.com/2021/11/09/tasker-lets-you-force-resize-android-12s-aod-clock-w-help-of-in-app-project/
Thanks in advance.
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2022.01.24 09:07 Possible_Abrocoma_22 Assange wins right to take US extradition case to UK’s top court

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2022.01.24 09:07 MediocreSwimming What is so hard, that it can even take someone's life?

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2022.01.24 09:07 JobsucheRegional An alle Arbeitssuchenden:

Auf JobsKoblenz findet Ihr ab sofort regelmäßig neue Jobs aus Koblenz und der Umgebung! Gerne dürft Ihr dort auch selbst Stellenanzeigen und Stellengesuche posten. Außerdem würden wir gerne wissen, welche Jobs euch am meisten interessieren. Ihr seid herzlich eingeladen beizutreten :)
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2022.01.24 09:07 Hot_Highway_4589 was persuaded to share this here. ex went to watch the kny movie last year, came back with a new alter, who last i know was dating their akaza fictive (their favorite ship at the time of splitting this kyoujurou alter)

was persuaded to share this here. ex went to watch the kny movie last year, came back with a new alter, who last i know was dating their akaza fictive (their favorite ship at the time of splitting this kyoujurou alter) submitted by Hot_Highway_4589 to fakedisordercringe [link] [comments]


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