In an unexpected turn of events, it appears my post from yesterday is a moot point. While there is still a lot of work to be done today between the politicians, it sounds like Michigan has a framework for a budget agreement ahead of the October 1st deadline that I mentioned in this post yesterday.
What I failed to realize is that the national government is also facing a shutdown. I guess that shows just how isolated I am here in the middle of Michigan. I have a feeling things on the federal side are going to be even more messy than they are here in Michigan. The good news is, we get to keep our doors open at the school district where I work and that is a good thing. Both for us and the students.
It's the dawn of a new day, and with October right around the corner, hopefully it's the start of a fantastic quarter for those of us invested in crypto.
Just don't look at the prices right now... While not unexpected, and not very significant in the grand scheme of things (remember to zoom out!), that BTC drop below $110K had been a bit of a mind $@!@$%^#$^ for me. Trust me, I know better. I know it's just a temporary thing, I know it doesn't really mean anything, but it's still hard not to get just a little emotional about it all.
@tarazkp had a really good post the other day talking about the markets and in one of the comments he said:
"I'm tired of waiting for "next Year""
I'm telling you, I feel that with every fiber of my being. It's not like I am counting on crypto to pay my bills, but giving me just a hint of life changing wealth would be pretty awesome. Am I right?
I'm one of the worst at falling into the trap of not following the cycle closely enough. The election happened close to a year ago and I thought "this is it, here we go, crypto to the moon". Then folks were like, "no, not till the start of 2025". Then the start of 2025 got here and I thought "okay, let's effing go", but nope people were saying "not until Q2 buddy".
You can imagine what happens pretty much the rest of the year and now here we are with folks saying Q4 or maybe not even until Q1 2026. Plus, we have some saying there will never be another bull market again, things are too institutionalized.
The more time I spend involved with crypto, the more I kind of realize that hardly anyone really knows what they are talking about. Tell me if you have heard this one before:
Meteorology is the only job where you can be wrong half the time and still keep your job.
Kind of sounds familiar doesn't it? Even after all these decades, advances in technology, countless hours and funds being pumped into the space, it's still just a giant guessing game for meteorologists. Like I said, I feel crypto is quite similar. We might get close 70% of the time, but no one really knows where all this is heading. They can hope for clear skies and sunny days, but they don't really know 100% until we are sitting there.
Things have cooled down quite a bit on the nuclear stock side of things. NuScale (SMR) is sitting below $40 per share, but it is still up from where I bought it and the hope is that it will eventually recover and exceed my expectations. As far as altcoins go, I am just kind of waiting it out to see what happens. There isn't much more we can do past that right? Obviously, if you are on HIVE you can keep posting, commenting, curating, growing your account, but as many have pointed out, HIVE is one big pump away from a lot of people exiting.
Will the blockchain, or more specifically the price of the token be able to weather that storm... I can't say, but I'm not one to give up and I think a lot of people feel the same way.
I've been looking at picking up some more silver for the holidays. I typically buy a couple of pieces for my nephew who is also my Godson, and then I usually buy another four or five pieces for myself. I've been thinking with the price of silver being up $5 to $10 over where it was this time last year, I might need to skip the fancy purchases for myself. I usually lean towards the cool designs and interesting pieces, but I may have to just save those for my nephew and when it comes to my personal purchase just go with something nondescript or some of the "junk" silver that many of the vendors sell.
As long as it is "pure" silver and I am just looking at increasing my stack, does it really matter what is on it? This might be the point where I turn the corner on simply being a collector and I actually become a stacker.
We will see!
I hope everyone has an awesome weekend, and fingers cross BTC edges closer to that $120K mark by the end of the day today versus the $100K mark.
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