Timeline
Daily Ramble
Listening to Yankee Doodle while my daughter digs through my wallet for treasure, I’m attempting to get my Ramble done early this morning. I’m pretty sure this won’t be a temporal reference point for me despite the absurdity of the moment.
Temporal reference point? I mean those experiences that become our grounding point for reflecting time. Let me give some examples to break it down. High school graduation, college graduation, exiting corporate life for world travel, marriage, the birth of my first child — these are my temporal reference points. I can’t say I recognized them when they occurred, but looking back, they are the “life before” and “life after” moments on my timeline.
It wasn’t until a few years after college that I began to realize I was referencing time in relationship to my exit from college. I found myself thinking thoughts like, “Wow, it’s been three years since college ended” or “I started this job five years after my college graduation.” My college graduation had become the point in the timeline to start my time measurements. Of course, during college, I’d used my high school graduation the same way, but it wasn’t until the years after college that I realized my education exits represented pivots in my time horizon.
Then came my exit from corporate life — bringing us up to 2012 if anyone is trying to follow using the Gregorian calendar. It became my third reference point in time. Suddenly I had a trend, and I could notice some peculiar aspects of this timeline. First, it was something I could talk about with others. Sure enough, my experience wasn’t unique. Most everyone I asked was doing the same: using personal, impactful events to measure their history. Second, and more profound, was how, once a new temporal reference point had been established, the experiences that had come before it suddenly lost their intensity. It was like the “me” that existed before the last reference point suddenly mattered a whole lot less. The latest being the simultaneous birth of my daughter and myself as a father. The Kent before Naia’s birth doesn’t seem to matter near as much.
What do I make of all this today? Like a crustacean shedding its shell to grow a bigger one, perhaps, just perhaps, this is our version of it as humans. Certain events come along with enough emotional impact that we shed our topmost layer of identity, leaving it to rest at that place in time. I’m still chewing on this idea, so if you’ve got a better understanding, please do leave it in the comments below. Have I mentioned that I get fixated on the concept of time?
Favorite Thing on the Interwebs Today
Michael Pederson likes to leave funny signs around cities. Find more fun here.
Bitcoin Price Prediction
Weekend: $49k - $67k
Today: $56k - $60.8k
Tomorrow: $53k - $62k
It turns out Bitcoin had more pep in its step than I anticipated over the weekend, making a new all-time high. It popped up to almost kiss $62k before finding enough sellers to drag the market back down. At the moment, we’ve come back to the $57-8k region and are trying to find support for a pivot. While I don’t see a significant sell-off happening to drag us down past $53k in the days ahead, I see that we are creating a new range and are likely to bounce around today, and maybe all of tomorrow, before trying out $62k again. The price action is healthy and typical of the market after a weekend bounce.
Why does the market like to sell off after a weekend of pumping? It’s pretty simple. The weekends are driven by retail traders, which causes the balance between long and short positions to skew to the long side by Monday. When the larger players come back into the market, they see an opportunity to sell off enough to liquiditate the retail investors and soak up their positions. That’s why I’m looking for funding to reset to feel confident in saying the market is pushing up again.
Bitcoin Ed Bite
Q: For Bitcoin, what is decentralization?
A: Without centralization — cheeky answer, I know.
But, without centralization means:
No point of failure
No one in control
No marketing budget
No voice for the network
As evidence, here is a chart by “authorities” where each red dot highlights a price where the Bitcoin network was proclaimed dead. These folks didn’t, and don’t, speak for the network.
Thanks for reading,
Kent
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