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Transfixed!

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I keep telling myself I should write a blog post for the last 5 hours, but every time I try I can't really think of a topic I want to write about. Instead my eyes are glued to the screen. Number go up.

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1234

With xpolycub approaching the previous all time high (like $17) this whole farming situation is getting pretty intense. I'm farming like $3000 a day wondering if I'm going to lose it all like I always do. I'm sure I will, but hey, maybe not, eh!?!?!

Extrapolating how much it costs to promote a post on Cointelegraph, it kinda seems like Khal spent like $50000 out of his own pocket to spread the word out there about polycub. Pretty sweet deal: he pays everything and I get all the benefit. Easy.

PSA

There's also a bug that cripples your wallet if you 'harvest' 2 farms on the same block. You basically have to move wallets if it happens and you want to farm locked coins (which I do). Yield is too high to wait 90 days. In that time you can double your money and avoid the 50% penalty entirely. In any case, don't farm your farm quickly. The "Harvest All" button on the homepage prevents you from doing this. I suggest everyone use it if they want to avoid this really annoying divide by zero error that apparently isn't a thing on other EVM chains.

https://debank.com/

Debank has added polycub to their aggregation site, which is super convenient. All the other options I found were both slow and also inaccurate. This website is blazing fast and has a good UX. Perfect for tracking your positions on polygon.

https://www.theblockcrypto.com/linked/138056/congressmembers-demand-answers-from-sec-on-crypto-company-probes

The eight members of the Congressional Blockchain Caucus sent the letter on March 16. Congressman Tom Emmer (R-MN) spearheaded the initiative, which finds fault with the SEC's scrutiny of the crypto industry.

"My office has received numerous tips from crypto and blockchain firms that SEC Chair @GaryGensler’s information reporting 'requests' to the crypto community are overburdensome, don’t feel particularly… voluntary… and are stifling innovation,"

This is the perfect example of why people who say the government will just 'ban Bitcoin' have no idea what they are talking about. Money talks and bullshit walks. Crypto is too big and valuable to stop at this point. This is the perfect example of lobbyists being hire by the crypto industry to protect its own interests. Just wait till we go x10... then crypto has x10 more power to buy off politicians... going to be very crazy up in here with the lawsuits. You'll see.

Hive

Ah yes, Hive is still my main squeeze. Honestly I've been selling so much over the last 6 months, it's very sad. Hopefully everything works out and I can buy back everything that I sold and more. Either that or I'll get wrecked again and have to rely on some random 10x to bail me out again. Isn't crypto great? Even when you lose all you gotta do is hold to win. Time in the market is more important than timing the market. Easy.

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We've got a full moon coming in on the 18th and the market is looking pretty bottomed out. March is always a trash month. Tax season puts quite a bit of pressure on the price, and these FED increases aren't helping anything.

Honestly best case scenario we get a nice bull run in the summer but it all comes crashing down at the end of the year. It's hard to imagine the economy not getting rampaged at some point. Inflation is out of control and the FED is trying to increase rates to mitigate it, but the inflation is being caused by supply-chain issues. The FED has no power right now, and their dicking around very well could catalyze a nice recession.

Truth be told, I welcome a recession, because we have never even seen what Bitcoin can do in a recession. If Bitcoin can hold the line at the doubling curve while stocks are going down, that would be the perfect worldwide marketing campaign to the entire financial sector.

Unfortunately the alts would probably get wrecked if this happened. Bitcoin has a way of sucking liquidity from the alts when shit really hits the fan. Dominance is still low, and there's no reason why Bitcoin dominance couldn't increase from 40% to 60% during the first bear market it's ever experienced. Be on the lookout for sure.

Conclusion

Have I padded this post with enough words yet?
Hopefully, because I'm done writing for today. Gamble gamble.

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Transfixed! was published on and last updated on 17 Mar 2022.