Looking at the value of our crypto holdings can be dangerous to your health.

one day I’m rich
but the next — 
poor again

ある日富み お次の日には また貧しさ aru hi wa tomi otsugi no hi ni wa mata mazushisa

^{via ChatGPT}

As we all know, the crypto market is much more volatile than any other market. The stock market can have big swings sometimes, it’s true, but day to day it is fairly stable, whereas it’s not that way at all in crypto.

Now that I’ve built up a relatively large stake in Hive, I can really see this. It happens to my Bitcoin holdings too, of course, but I’m not looking at my Bitcoin balance everyday. With Hive, however, the number is held in front of me every time I log into Peakd. I certainly don’t stress about it and am fine with the drastically changing value — that’s crypto, after all — but it’s just funny how one day I might have a ton of money, and the next it is down so much.

This idea is of course nothing new. There are plenty of memes talking about how people who were crypto-rich now have to work at McDonalds. Well… now there’s a haiku about it as well!

I wrote the haiku the other day when I noticed my Hive value had dropped by over $1000 USD. Far from “and now I’m poor”, but what is poetry if not dramatic, eh?

❦

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