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@onlymythoughts

Joined 9 February 2021 · 1580 posts

Only my thoughts, to share with you.

120 KT

0 KT · $10.16 received · 0 KT · $7.46 given

Posts

@onlymythoughts

Another warm day ahead over here in the UK, how is the weather in your part of the world? Just wanted to share these pretty flowers with you 😊🌷 have a great day wherever you are!!

@onlymythoughts

Beautiful day to be outside enjoying the sunshine in the garden, summertime is in bloom. ☺

@onlymythoughts

A short break away from home and enjoying a nice evening walk in the english countryside.🌿

@onlymythoughts

Enjoying a lovely afternoon walk in the midsummer sunshine, feeling warm with a nice gentle breeze today. ☀️🌿

@onlymythoughts

It's been a really warm day here in the UK, reached 27°c today! 😎 I have bought myself a paddle board today and looking forward to taking it out. Apart from that I have written another article on read.cash, its been a while since I wrote one, I need to get back into the routine. If you want to have a look you can do so here, it's about the potential of crypto in the current inflation spiral and economic meltdown. https://read.cash/@onlymythoughts/if-you-believe-in-the-future-of-crypto-390e6762

@onlymythoughts

If you believe in the future of crypto 22nd June 2022 The crypto market has been in turmoil since the collapse of the 'Terra USD' and it's associated coin 'Luna' this has had a knock on effect on the wider crypto market with people starting to worry about how well the largest stablecoin 'Tether USD' is backed by dollars or other assets. BTC has fallen from a recent high of $60,000 USD to below $20,000 USD in a few short months and BCH has seen an even larger decline from a recent high of $1425 on 10th May 2021 to only $115 at the time of writing. The world is in turmoil, inflation is spiralling out of control, there is a war going on with Russia and Ukraine, sanctions against Russia have caused energy prices to rise rapidly. This is likely to get worse and be particuarly bad for BTC due to the cost of mining given the high price of electricity. Those who are able to take a long term view can see where this is going. The financial system is broken, years of propping up the system by printing more and more money and easy credit are having a disasterous effect. Those who understand the reasons behind the BTC/BCH split may have reason to be positive I believe. BCH has a larger block size, it can scale and is much cheaper and efficient to mine. Transactions are faster and cost much less than transactions with BTC too. BCH is well placed to be a real alternative to fiat currencies, it has a limited supply and is therefore anti inflationary, it can be used across borders with no need for an intermediary, as a way to bypass sanctions too, there are real people suffering because of Russian sanctions too and various NGO's have utilised crypto payments as a way of getting help to those in need. If you truly believe in the future of crypto BCH and are not just following the crowd trying to make a fast buck then this could be the ideal time to start stacking some satoshis! The banks and governments may hate us, that's because they fear us, now is the time for us to prove how resilient cryptocurrencies such as BCH can be. Decentralized and outside of government control, it has such huge potential! Disclaimer: This should not be taken as financial advice, always do your own research. Article is my own Pictures courtesy of Pixabay If you enjoyed this article you can check out some of my others here. https://read.cash/@onlymythoughts

@onlymythoughts

The market is down But I will not frown Just stack satoshi And wait and see Inflation is rife Brings trouble and strife Fiat money It's broken you see BCH for me And not BTC It's cheaper to mine So that is just fine The others can slate BCH is just great! 😊 Original poem by me pics and thoughts

@onlymythoughts

Flaming June ☀️ Summertime in bloom 🌼 Out in the sun ☀️ The summers begun 🏝️ Sipping on an iced tea🥤 No tequila for me 🥃 Maybe some coke and lime 🍹 That will do fine 😊 Original poem by me picsandthoughts

@onlymythoughts

A nice and warm spell of weather here in the UK and I have a few days off to. 😊 Looking forward to watching Top Gun Maverick tomorrow, a long time since the first movie, who remembers that? Link to the trailer below if you want to check it out. https://youtu.be/giXco2jaZ_4 Picture: Pixabay

@onlymythoughts

Jubilee Weekend, there is a music festival in town, but its £30 per ticket just for a day pass, I have climbed up this nearby hill, I can hear the music for free, so just chilling out here on this fine evening. 😎

@onlymythoughts

More than 2 years on from the start of the Covid pandemic, does going cashless really keep everyone safe? I wonder if there is a bigger agenda, Central Back Digital Currencies, programmable money which they can control what you spent it on, the social credit score! We need decentraized crypto such as Bitcoin Cash to liberate us from these shackles!

@onlymythoughts

Looks like the pending transactions issue on here is fixed as my wallet has updated this morning! Happy days 😊

@onlymythoughts

BCH transaction processing for more than 6hrs. Is something up with the blockchain? The BCH wallet in noise cash does not seem to be showing any new transactions either? Anyone know whats up?? 🤔

@onlymythoughts

And an evening walk just before sunset, climbing up a big hill. 🌿😊🌄

@onlymythoughts

Wild flowers by the riverside on a fine afternoon in May. A nice peaceful spot indeed. 🌿

@onlymythoughts

Enjoying a latte and a cake at this cafe, sitting out on the terrace in the evening sun with this stunning view. ☕🍰☀️🌿

@onlymythoughts

Having a short break and enjoying some time chilling out in the garden in the warm sunshine, much better weather than yesterday. Here are some pictures of some spring flowers in this pretty little garden. 😊🌷

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@onlymythoughts

A warm sunny day today, and have just spotted this rainbow, but the odd thing is that it hasn't been raining today. 😊🌿

@onlymythoughts

BCH, BTC ahaaaa, there is nothing more to say, BCH broke away ahaaaa, the hard fork was never easy I know what I have to say, BCH all the way thats the best I can do! 😊 Insprired by 'ABBA' By picsandthoughts

@onlymythoughts

I don't care if Mondays red, Buy the dip Tuesday instead, Wednesday, Thurday stay in bed, its Friday buy some more. Saturday, rain, Sunday wish I was in Spain. This whole verse is kinda plain, I wrote it, on a train!! 🎶🎧 Inspired by 'The Cure' By picsandthoughts

@onlymythoughts

When you're all alone, and the whales have flown, I am almost free, take a chance on me. If you've lost a lot, maybe you forgot, crypto is risky, take a chance on me. I could take you too the moon, if you just believe, luna you see, I am almost free. Well you can take your time luna, might be a while or sooner, I'm in no hurry. Just $10 you see, that'll do for me!! If you went all in, well what can I say, except I'm sorry, you took a chance on me. I was pegged around $1, but it all went wrong, so I wrote this song, will you sing along. Its a lottery, take a chance on me.. Original poem by me picsandthoughts

@onlymythoughts

Beautiful day today, nice to get out and enjoy the outdoors, got home and am just chilling out in the garden with some nice herbal tea. 😊

@onlymythoughts

A walk to town this afternoon currently 21°c, then back home along the river and took a few wild flower pictures along the way. Nice gentle breeze this afternoon too, think I will chill out in the garden when I get home.

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@onlymythoughts

Just bought $10 of Luna on Binance, there is a recovery plan for this token which is down more than 99% due to de-pegging from its dollar value. Do your own research! It will either work or fail completely!!!

@onlymythoughts

18°c and its getting warmer, Here in the sun its like being in a sauna, But still we complain that it is too hot, But its better than winter, is it not, This flower I saw while I was out and about, Its pretty I think, without a doubt, But I gotta get home now and ready for work, Working in Saturday drives me beserk, I hope you enjoyed this short rhyme of mine, I wrote just here chillin' and the weather is fine. Original poem by me picsandthoughts.

@onlymythoughts

Not a bad trade, I took out a few small positions in Coinbase, I think they are oversold, but taking some profit now!! 😊

@onlymythoughts

Tech Stock Meltdown 12th May 2022 There was much excitement when Coinbase floated on the Nasdaq stock exchange back in April 2021. In November of 2021 the stock reached an all time high of $357 per share, but today the stock is valued at only $50! Coinbase has lost more than 30% of its value in the last few days alone after worse than expected results were released. It's a warning to us all that 'stocks may go down as well as up' but what should we do if we hold any Coinbase stock today. We could panic and cut our losses, sit tight and wait, probably for a long time for the stock to turn around, or buy some more if we believe that the stock is now undervalued. I have chosen the latter option of increasing my stake in Coinbase. I recall why I invested in this stock in the first place. They are one of the best known crypto exchanges, and I believe the crypto industry has a promising future. We have seen a sharp sell off of cryptoassets over the last few weeks and it seems that the herd mentality has taken over once again, "Oh no crypto is crashing, I need to sell arghhh". I have just tried to step back and think to myself for a minute. Rome was not built in a day, investing is not all about making a fast buck. Patience can pay great dividends I believe in the current ecconomic climate. Sure the world is in turmoil, inflation is rocketing, the cost of borrowing is going up, sanctions on Russia are disrupting supply chains and who knows where this war with Ukraine is going to take us. There is so much uncertianty right now, but hasn't there always been? How many people saw the 2008 financial crisis coming, who thought that whole countries economies would be virtually shut down due to the covid-19 pandemic and so on. We cannot accurately predict the future, though with banks in the UK paying around 1% interest and inflation at nearly 10% money in your bank is worth less and less in real terms every year. I am taking a chance with the Coinbase stock as I believe that although it may be a risk, the risk of leaving your money in the bank and seeing inflation eat away at its value is greater. Another tech stock which has seen a sharp decline is PayPal which in July 2021 was valued at $300 per share and today is valued at only $76! I believe that PayPal is a good investment as they have recently ventured into the crypto sector, you can buy Bitcoin, Bitcoin Cash, Ethereum and Litecoin easily on their platform, although you can't yet send it to another crypto wallet, only exchange it back into fiat currency, still it is a step in the right direction. As well as these two tech stocks which have caught my attention, so has the value of one cryptocurrency in particular. Bitcoin Cash (BCH) which is fork of Bitcoin (BTC) is now valued at just $177 at the time of writing this article. Bitcoin Cash reached an all time high of $4355 in December 2017 so has seen a huge decline since then. For those who understand how cryptocurrencies are designed, they will know that Bitcoin Cash has a huge potential going forward. Bitcoin Cash, many would agree is much faster and more useable for everyday payments that its cousin (BTC). Bitcoin Cash can scale, transactions are much cheaper as well. I believe that given time Bitcoin Cash will show that it is a better cryptocurrency for use in the real world that Bitcoin (BTC). At $177 for a whole single BCH, its worth speculating I think. Rome wasn't built in a day, but patience got it built in the end!! I hope there are a few things worth thinking about here. Disclaimer: This should not be taken as financial advice, always do your own research. Disclosure: I am long on Coinbase, PayPal and Bitcoin Cash Article is my own Pictures courtesy of Pixabay If you enjoyed this article you can check out some of my others here. https://read.cash/@onlymythoughts

@onlymythoughts

Coinbase stock all time high $357 per share, current price $50 USD after dissapointing results!! Buy the dip or buy BCH?? Wonder what you think?? 🤔🤔