SO MUCH FOR JANUARY, ONLY 8 DAYS
It was 8 days ago, everyone were drinking eggnog and happy to leave behind the remnant of 2021. Since time does not wait, it brings with it the same problem we are trying to fix from time to time. Every year there is a country with economic problems. I say a country, I guess it is the whole financial system in disarray. Making announcement to help curve the inflation. It is more like plugging a hole to the left to fix the one to the right.
It is an infinite drama with fiat currency. I have been reading about Lira. It is a slide show how inflation is eating them alive. Just in December alone the country spent $7.3 Billion of foreign currency to give Lira some help. It is more like Turks do not trust the Lira much by holding their funds in other currencies and who knows crypto currency as well.
It is not fun to see your fund losing value before you even try to use it. Inflation is rampant everywhere. It seems Turkey is battling this through and they are not winning. Emotions running wild make Lira holders to think quick. I thought Turkey is somehow in Europe. Maybe if they can try to use the Euro, that can soothe the pain. This could be another story about what fiat a country should use.
As long you can produce enough to bring value, you look safe for a while. Every time I see this situation where control is causing more problem than fix, crypto seems to swallow all the air out of the room. Right now the chemistry played by volatility can easily blind spot anyone thinking crypto is only going straight up. Yeah if you watch the market day by day, yes it is spiraling down. Otherwise it is as strong as any currency out there. I have to say way stronger since there is not a single entity controlling crypto (generally speaking)
Today it is Turkey. Tomorrow could be any country unable to control debt crisis, inflation. The world control can apply both ways. Lucky for you to find the one you can manage. If there is one thing we can be grateful for, we are being educated right on the blockchain. While holding any token, you get to understand the importance of value.
You know the best value will come from a decentralized platform. This is why decentralized finance is the best thing that happen to crypto. No need to deal constantly to a third party for your finance need. You venture into what you like. You park your fund where you can get the best return. No need to give explanation.
As more folks understand, they cannot continue to play with the crypto market forever, things will find common ground where volatility will dampen. At least we are getting a great dose of the importance of #hbd. There is a time for each in life. It seems 2022 will be about HBD for a good cause. As you know the drill, keep yourself in the picture.
Posted Using LeoFinance Beta
