This week in crypto: circles of control

Honestly, there’s not a lot going on in crypto this week… or last week… or the week before.

Like I wrote in last week’s article, we’re in a real liminal state right now.

And a lot of the crypto forums, message boards, telegrams, discords, etc. that I visit have descended into chaos.

People really aren’t handling this bear market well.

Not to sound like a “back in my day…” guy, but… back in the 2018-2020 crypto winter to end all winters, the vibe was very different.

I think people were still amazed that crypto had come out of nowhere, set out to change the world for the better, exploded in price and then imploded in price just as fast.

This winter feels kind of different. People are more entitled. They’re angrier. I guess they saw crypto as a way to reach financial freedom, and this time around they almost tasted it… then it all came crashing down again.

So I can understand the hate. But like I said last week, this isn’t just a crypto thing. In fact, it’s not even mainly a crypto thing. And so, honestly, it’s not worth worrying about.

I’m reminded of a fantastic article, written in 2013 by a blogger who calls himself “Mr money moustache”, which was based on a concept in the famous book, “The Seven Habits of Highly Effective People”.

The article (or rather the concept behind it) is so good… and so relevant to current crypto conditions that instead of quoting bits and giving my take on it, I’m just going to link to it in full.

You can read it here.

It will serve you better than anything I write about what’s been happening in crypto this week, because it’s pretty much all irrelevant.

Hopefully it won’t encourage you to stop reading my writing entirely… so I could be really shooting myself in the foot here. Oh well.

And that’s all for this week.

Thanks for reading.

Harry

Full disclosure: At time of writing, I held the following cryptos: Ethereum, IOTA, Radix, Mina Protocol, Aleph Zero.

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