Crypto crashes, but everything will be fine, ok?

I'm not sure if you heard it, but things don't go so well in the land of cryptography. No, we do not mean the cryptoland, which is also known as the Fijian Fyre Festival of cryptography, we mean the country on the Internet in which laser eyes and rocket emojis and y chromosomes multiply.

While we write this, the "market capitalization" of crypto-a rather absurd metric, as we have often said, but the metric, which is still used-only half as high as two months ago, about 1.5 TN mark. A halving, if you want, but not quite as announced.

Bitcoin, the country's king, changes the owner at just over $ 33,000 - about 51 percent less than the record high he reached in November. Ethereum, the wise manner, acts around $ 2,200 - about 54 percent less than in November. Dogecoin, the court fool, is less than 13 cents and has lost 82 percent since May. Meanwhile, Elon Musk, the Almighty Technoking, throws with terms like "crypto scam" as if Tesla had not bought Bitcoin worth $ 1.5 billion; Or the car company does not accept Doge as a means of payment.

It is essentially everything away from Pete Tong.

But, Pah! Everyone knows that crypto goes through several such "corrections" every year. Let's look at the larger picture here. In view of the fact that this is a market that will obviously continue to rise forever, what difference does a halving or halving really do on the whole?

We all have to make sure that we have a reduced way of thinking. (But of course on the logarithmic scale.)

only so that it is clear, this dip is the scary, right? #bitcoin pic.twitter.com/hyr9ww5zu

- Corndalorianer⚡️ (@Corndalorianer) 21. January 2022

And even if you believe that the market actually collapses, what role does that play? They are just stupid magical internet beans that people buy and sell because it is fun to use only what they can afford to. Correct?

El Salvador just bought the dip! 🇸🇻

150 coins at an average USD price of ~ $ 48,670 🥳 #bitcoin 🎄

- nayib bukele 🇸🇻 (@nayibbukele) 4. December 2021

This is from the President of the nation state El Salvador, yes. El Hodler on Friday. The country's bonds worth $ 800 million with a term of 2025 are now traded at $ 59 per dollar, which corresponds to a return of 26 percent. Last year at this time before the Central American country started collecting Coz, they were traded at 92 cents.

But the thing that you have to remember is that this is of course not a crash, but a Opportunity to do the DIP, Buy . And whatever the Fed does next, whatever for global events - good or bad - may occur, literally everything is good for crypto. Take a look at this diagram, which circulated on Sunday evening in the land of crypto (and Zerohedge), from a blog post entitled "All possible Fed policy traces are still leading to Bitcoin":

As the author explains:

No matter what path the Fed takes, the game theory demands more capital that flows into crypto technology. In this Lockdown era of non-elected bureaucrats and professional politicians who constantly postpone the goal posts of their autonomy and economic sovereignty, Bitcoin is really the only inalienable property right.

While the Nocooiner NPCs that suffer from the monetary Stockholm syndrome happily celebrate just another crypto correction, remember to zoom out and keep an eye on the big picture. We are not dealing with a wealth bubble at Bitcoin, we are dealing with a collapse of the global currency regime, the decentralized revolution and aging of the nation state.

nocoiner-npcs. Don't you just hate them?

Conclusion: What everyone has to do is to keep a cool head. Because yes, the platform from which you try to withdraw your money could have sudden technical difficulties, and yes, you may have lost half of your money if you got on a few months ago, but the OG Hodler, who got $ 200 or whatever begins a bit, and we have to keep the fair future of money free of the yoke of the bad Fiat fat cat they all earn. So BTFD, keep these OGs in their lambos and focus on a few inspiring quotes or something.

"Whoever loses patience loses the fight." - Mahatma Gandhi

-pomp 🌪 (@apompliano) 22. January 2022