March 22, 2018, 4:19 p.m. Tags: blog
When it comes to the issue of a major market crash it’s best to use available information to attempt to
determine a precise cause. The markets could be moving beyond normal market cycles and corrections
as a result of mere volatility as we have observed them correcting downwards over the past month.
Tether, one of the largest safe-havens for crypto profits (due to its supposedly stable value),
was recently subpoenaed by the US courts. In this light it may be worth considering
the long term implications of any subversive or otherwise dishonest actions made by
Tether and its associates. The issue is not only how much their printing press could have
distorted prices, but also how much confidence that false safety net may have created.
Markets will likely be hindered until a more provably secure safety net arises - which is conveniently
already here in the form of the Ardor AEUR childchain token. This token seeks to peg its price
at a 1:1 ratio with the Euro while also being fully transparent and third-party-managed by a trusted
company: the Lithuanian-based Mistertango Bank. While not a proof of a perfect 1:1 ratio for
all AEUR tokens, this partnership will likely instill confidence to a crypto market hungry for stable
pegs. Rest assured this development will inspire more projects to build upon this emerging demand.
March 22, 2018, 4:07 p.m. Tags: blog
Enthusiasm: it makes us optimistic and heady, and sets us up for euphoria - but potentially failure
as well. When it comes to our imaginations and hopes for the future, the wise among us try to keep
themselves tempered with realistic expectations. This even includes when things are going well because
life is similar to a natural growth pattern in a market: plenty of ups and downs that trend towards an
A rapid rise often leads to problems because your successes are not tempered by experience. This in
turn can lead you to making mistakes more easily, compounding their effects into a dramatic spiral of
missteps that wisdom and its foresight would have easily guarded you against.
Furthermore, being successful too soon can cause us to get ahead of ourselves: thinking we’ve secured
gains when they’re just on paper and thinking we have everything in order without triple checking it to
be secure are just two examples. You could lose keys or forget a password on accident, even when you
feel like things are backed up properly. You’re sure that’s not the case... but you locked away the info so
long ago that the critical elements have long since faded from your memory!
So even when we find ourselves reveling in success it’s also important to keep in mind just how quickly
a massive failure can occur that threatens to turn that success into a colossal failure. Think of it like this
- the faster you get rich the faster you’ll likely lose it as well, and falling from grace hurts twice as much
because you have so much further to fall.
Take a step back, congratulate yourself a bit on your successes, but don’t mistake yourself to be invincible:
humility is key. Let us draw upon the wisdom of minds long past who once said: “A stitch in time saves
nine” so that we’ll better consider how to prepare ourselves for the road ahead.