With some dread, a lot of people watched the price of Bitcoin sink below $30,000.

Is it all just going to melt away? Is the world coming to an end? Is it all Elon Musk's Fault? Is it time to cash out everything and invest in pork bellies instead? Where's my Lambo?

![0282Bonfire.JPG](https://images.hive.blog/DQmRo4eNV8CSeNXTPhTg2zYE1HXCxUvyUc5auP5kDJLrFsN/0282-Bonfire.JPG)
*The world is burning?*

In a time long gone by, I was *"somewhat involved"* in the legacy stock market. Specifically tech stocks and biotech stocks in emerging markets.

Most of my friends didn't really understand what I was doing and thought I was sincerely *nuts* for participating in something that seemed *so risky.* Wouldn't I be *"better off"* just buying some Savings Bonds or a nice mutual fund?

Not even showing them a 30-year historical chart of the Dow or S&P 500 — which will show that *in the long term* stocks invariably rise substantially and pretty much without fail — was enough to change any minds.

![0031Gib.jpg](https://images.hive.blog/DQmVcdf6bMtNS6Duq7DkuBe7yPxuJYmjbPzwoF3aX91DbhE/0031-Gib.jpg)

## *Welcome to 2021!*

Here we are, all these years later, and now it's *cryptocurrencies* that are *"too risky and volatile"* for *most* people to seriously consider. In many cases, the *same* risk-averse people of yesteryear who now have stock trading apps on their smartphones...

Sadly, we don't *yet* have 30-year crypto charts to point to; this industry is still much too young for that. All we can *really* point to is what you'd have today if you'd put $1,000 into Bitcoin *ten years ago*... even after BTC took a dive to less than *half* its recent highs.

It all makes me pause and wonder what we will be looking at in 2051? What will people be describing as *"far too volatile and risky,"* by then?

![0158Sunset.jpg](https://images.hive.blog/DQmc3BQcb9eanCA5q3sEVTqUuGWAXb9etiQNqFhY3oBFK4Z/0158-Sunset.jpg)
*What will be over the horizon?*

## *The De-Risking Years?*

These days, *"stablecoins"* seem to be in the news a lot. They are in the news because governments are looking at how to *regulate* them — if that's even *possible* — and they are in the news because maybe they offer a counterpoint to the *extreme volatility* we otherwise see in the Cryptosphere.

That volatility *scares* people, on a broad scale, because *most* of the world isn't comfortable with participating in a *"game"* where their $10 today is worth $5 tomorrow, even if the *potential* for it to be worth $20 by Friday exists. And they certainly aren't going to participate in *commerce* under those conditions!

However, the way *I* see it... stablecoins are in the news because the *"Original Promise"* of cryptocurrencies as a decentralized and borderless non-bank, non-nationalized *payment system* has been an abysmal failure, because that promise was usurped by good 'ole Wall Street style *"greed is good"* uber-high risk *investing.*

In short, in layman's terms: *Cryptocurrencies became a way to MAKE money, not a way to USE money."*

Even though I have *"made some"* from the cryptosphere, ***I am also *disillusioned* because I fully expected that by now I would be listing cryptos as a payment method on my eBay listings!***

Maybe stablecoins can be a way to *de-risk* the situation and recover a bit of that original promise... because otherwise I fear we may be heading down a blind alley with no way to exit.

![0286Hammock.JPG](https://images.hive.blog/DQmNPsDXYNvWtzWFspk9LQFLmeUucm4V9A1sK6oPVzXjQMa/0286-Hammock.JPG)
*I'd rather be here than poring over trading charts!*

## *Chartwatching and Ulcers...*

Chartwatching gives you ulcers.

Even as I was writing these words, Bitcoin has pulled one of its *"Crazy Ivan"* reversals, shooting from $29,800 to $30,700 *in a matter of minutes* and thereby rendering the opening sentence of this post irrelevant — or at least *out of date* — but effectively demonstrating part of what the *challenge* is, here. 

What's my point? 

Minute-to-minute micromanagement *really doesn't work* if your objective is to build something of *long-term lasting value.* If you're going to freak out and change course with every tiny environmental change, chances are there won't *be* much of a long term.

Frankly, I'm not interested in the kind of ulcers that come with worrying about which way the wind is blowing, every minute of every day. 

Either your plan is *solid* and here to stay and *you believe in it,* so stick to your plan... *OR* it's *not* solid, so get out and do something else!

Thanks for reading, and have a great remainder of your week!

***How about YOU? Does crypto volatility make you nervous? Does Bitcoin's decline below $30K worry you? Do you feel like the promise of cryptos as alternative PAYMENT systems has been usurped by greed? Do you think stablecoins will help? Or is it too late to save that original idea of usable CURRENCIES? Comments, feedback and other interaction is invited and welcomed! Because — after all — SOCIAL content is about interacting, right? Leave a comment — share your experiences — be part of the conversation!***

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Created at 20210720 22:42 PDT*
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