WHAT IF BITCOIN GOES BEAR?

1

  • 12
  • 0
  • 0.338
  • Reply

  • Download Open in the desktop app ADD TO PLAYLIST

    aftersound

    Published on Jan 06, 2022
    About :

    After seeing yet another leg down from Bitcoin to start off 2022, I wanted to take a moment to temper my own expectations and think through how all of the factors within the Splinterlands economy as well as the broader financial/crypto markets might play out.

    This is not financial advice. I'm not an analyst or expert. Just a guy who makes music and loves tech, crypto, and games.

    What I arrived at was that we may be approaching a major "consolidation period" within Splinterlands. When I say consolidation, I'm not talking only about the tokens, but about all of the game assets and the players involved. The Axie Infinity hype brought in many players who are not naturally gamers and were here to earn some extra money playing games. There's nothing wrong with that, but it also means that if rewards in the form of lower DEC price and issue rate happen, those who don't love the game for what it is may end up leaving.

    And that's not a bad thing. There's no judgement here, people are free to go about interacting with Splinterlands as they see fit. But if Bitcoin continues it's downtrend or even just stays put for weeks or months, with the upcoming general sale potentially flooding the market we may just see all asset prices within Splinterlands fall. The consolidation period comes when those who plan to stick around for the long term start scooping these assets up at bargain prices.

    Of course, I could be wrong and we are just an announcement away from Bitcoin hitting new all-time highs. But bitcoin has a history of taking the stairs up and the elevator down, so I'm not banking on anything saving the crypto markets in the short term.

    My focus then will be to continue building out my deck, doing my daily rewards to win more cards to add to the collection, and building out more connections with the community as it truly is one of the most supportive and collaborative communites out there.

    No matter what happens next, I wish you the best of luck in navigating it!


    Livestreams on Twitch - https://www./ThisIsAfterSound
    My music on Spotify/Apple Music/etc - https://linktr.ee/aftersound

    Join Splinterlands: https://bit.ly/3EytmxR

    Connect:
    YouTube (music channel) - https://www.youtube.com/user/AfterSoundBand
    Instagram - http://hyperurl.co/aftersoundinstagram
    Tiktok - https://vm.tiktok.com/sfwC4f/
    Twitter - http://hyperurl.co/aftersoundtwitter
    Facebook - https://www.facebook.com/aftersoundmusic

    Tags :

    spt leofinance splinterlands splintertalk bitcoin bear ctp

    Woo! This creator can upvote comments using 3speak's stake today because they are a top performing creator! Leave a quality comment relating to their content and you could receive an upvote worth at least a dollar.

    Their limit for today is $0!
    Comments:
    Time until aftersound can give away $0 to their commenters.
    0 Days 0 Hours 0 Minutes 0 Seconds
    Reply:

    To comment on this video please connect a HIVE account to your profile: Connect HIVE Account

    05:03
    1 views 3 months ago $
    05:25
    12 views 5 months ago $

    More Videos

    01:08
    1 views a year ago $
    01:45
    4 views a year ago $
    04:46
    4 views 2 months ago $
    09:19
    27 views 4 weeks ago $
    16:33
    10 views 9 months ago $
    15:01
    62 views 2 years ago $