Lent Starts Today, What Should Bitcoiners Give Up About Cryptocurrencies On Ash Wednesday?
Celebrating And Surrendering For Lent? Here Are Five Things To Consider Putting On The List
Cryptocurrency traders have since undergone a chastening Wednesday, having initially given it its own title which proved more synonymous with the market as it behaved. Titled ‘Flash Wednesday' as opposed to its more faith-affiliated name – Ash Wednesday – thanks a lot due to the dramatic decline of 5 percent that Bitcoin experienced over the course of the same day.
Was this down to a bearish reversal that day? Not exactly, it was more down to a glitch which occurred on the analytics website CoinMarketCap.com. To the more superstitious, this would be seen as some kind of religious retribution, but glitches can just happen. There is no greater hell than having inaccurate price forecasts for Bitcoin Maximalists, but really the recent glitch is nothing compared to the years of support and publicity which CoinMarketCap has afforded Bitcoin.
Now, I'm not the kind of person that goes about giving credence to things like a Crypto-based divine providence, but there is a certain spirituality or, at the very least, philosophical underpinning to some or a large percentage of cryptocurrency maximalists that are out there.
But as someone who has been nominally involved in the cryptocurrency market over a number of years, enough to understand the philosophy behind it, but not enough to plant my flag firmly in one. It's with this in mind that there are a few things that we may benefit from forsaking for the next 40 days at the very least. Those are 40 days in which you can prove just what kind of approach you have towards cryptos – either you're an overzealous kind or one that can balance passion with steadiness.
5 Things To Consider Forsaking For Lent – 2019 Edition
- ICO's and Their Go Nowhere White Papers
I do have to confess that I have been enthused in many instances with an ICO and its associated white paper. But the amount of times that this thinking has translated to action is very few and far between.
This is made all the easier a cross to bear when considering just how vast the metaphorical ocean is when it comes to these white papers; they're proving as ubiquitous via the internet as a bible is in hotel rooms.
With so many fluttering around, it makes it an easier habit to drop for 40 days if not more, these were easier sells when the market was a bullish one: there were optimism and a feverish enthusiasm to get on the shop floor of what was believed to be a game-changing project.
I've been practicing with this by talking about them with my peers, some of which are far more experienced than myself. In all honesty, the first thing being freed up is going to be time. Making for more time and often money to push into the classic personal whitepaper – written biographies and books.
- The Alt Punt, and All the Sour Notes They Generated
I think I have been relatively lucky in some of the predictions that I've had over the last few years, seeing the market surge upwards to hit billions in the plural by the time we reached 2016. In some instances, however, the winners out there have not just been down to bullishness, it has often been down to conservative trading and holding wherever possible.
But one of the things that have annoyed me are the coins that are all hype, hot air and the kind of coin that is so inflated that you could push a pin through it and hear the air blow out.
Staying clear of alternative coins out there the preach the earth and have no ground of their own is an easy thing to steer clear of.
- Pursuing Across Heaven and Earth the Illustrious Satoshi Nakamoto
Are there people out there that have marauded the halls of cryptocurrency, and blockchain conferences across the world? There certainly are plenty of those people out there that have aimed to have a presence at them, but this is more down to projecting themselves or a broader company as a brand.
How many out there can say they did the same to pursue an individual? That number of attendees drops dramatically. So there will certainly be less time spent at every cryptocurrency or blockchain conference in order to make an appearance in order to meet specific icons. Maybe less time doing this and more time doing what can be done remotely.
- Being ‘That' Guy at Various Events and Conferences
Luckily, I have never been this kind of person because, quite honestly, I am not an outspoken person, and very laconic in my opinions for good reason. But you have probably seen this kind of person at conferences, often smelling too much of a particular kind of cocktail, oversaturated with a liberal dosage of cologne to let you know that he has a six-figure income (somehow).
He's the kind of person who made a huge ‘score' thanks to his god-like call on a particular ICO, and he some kind of partner in crime. So even if you haven't had some first-hand experience with this kind of person, you'll be better equipped to side-step this often uncomfortable encounter.
- Believing that the Securities and Exchange Commission Will be Coming to a Decision Soon [It Won't be]
Patience is a virtue, and for good reason. A lot of us have been waiting on tenterhooks in order to benefit from the resultant decision of the Securities and Exchange Commission. But since the swatting down of the Bitcoin Exchange Traded Fund as proposed by the Winklevoss Twins back in March 2017, with an interesting level of speed that makes Facebook look like a protracted battle.
There are even more that also wished for crypto advocates to run for some kind of political office to help push some sense and reasoning into the governments of the world. So while we're waiting on the decision of the SEC on this particular occasion, the words needed are ‘patience' and ‘skepticism,' because that's what it's drawing at this moment in time.
So, here we have it, there are now 40 days between those that have chosen to do something about Lent. And for those that have decided on the whole ‘Lent' thing as a trivial matter as a whole, at the very least, I hope that it has given you some pause for thought about these particular facets of the cryptocurrency world.