Title says it all. For everyone freaking out about the fed meeting today, just remember this isn’t the first time in Bitcoin’ history that this has happen. The last time was in 2015 and went into 2018. During that time period we saw Bitcoin go from $465 to $20,000.
What you are seeing right now is purely FUD, don’t buy into it. This won’t crush crypto. If anything, it should be a bullish sign for crypto. The fed is finally admitting that inflation is a serious problem. It is no longer transitory and it has run significantly hotter than the Fed projected.
Also, the news is already baked in. Unless they do something insane, we already know that they are going to likely decrease bond purchases earlier and possibly hike rates earlier. This Fed is very market friendly, always have been. Their biggest fear is shocking the market which I why I believe they will change policy less than people are forecasting.
If the instructions are unclear, I’ll spell it out for you. Buy.
I'll go first again.
Years ago I was mids, flightline maintenance. Northern tier windy as shit base, colder than a witch's tit, middle of January. 0300ish pro sup tells me and my guys to go put a part back on and seal the panel near the horizontal stabilizer. I bring up the fact wind is gusting at 60+ mph and it's pretty illegal/dangerous to do that. He scoffs and tells me to get the fuck up there and do it, the jet is flying at like 1400 or something (sure it is bud.)
So, being a big dumb, I start getting ready. Grab one of my 5 levels, my tools, fall protection, the parts, and fire up the UM stand. Get into position, raise the stand, and lower the rails so I can actually climb onto the stab. I'm strapped in with my harness mind you. Got a bear suit, 2 beanies, etc., so I look like the Michelin man with a wedgie.
Climb out onto the stab, have my 5 level stay on the UM stand and just hand me tools. Do some of the replacement and go to reach over to grab something and my foot hits a patch of ice. Mind you, the entire aircraft is fucking rocking, along with my UM stand from the absurd winds. My entire everything is numb. I fall, slide between the gap between the aircraft and the UM stand (I didn't want to park the stand TOO close to the aircraft, they would have smashed into each other, the wind is literally causing the aircraft to buck like a horse with some gusts.)
Lanyard deploys, harness smashes into my balls and up into my asscrack. Even with a bearsuit on, this hurts, really bad. I'm in total shock, my 5 (bless his heart) is screaming like a banshee. I swing for a few seconds before I gather my wits and yell at my 5 level to pull me back up. Luckily, I was with the corn-fed southern boy who could actually do it (I wasn't that fat at that point either.) He pulls me up, I sit there shaking for a few minutes, trying get my adrenaline down. I grab all the tools that hadn't slid off the stab, lower the stand, gather the rest of the shit that fell with me, park the UM stand, hand in tools.
Pro sup rolls up, asks if the job is done, I tell him no and what happened. He says, I fucking shit you not "So you gonna have some of your other guys put the panel the rest of the way on?" I literally rolled up my window and drove off.
I won't go into the next part of the story but...no the pro sup didn't get punished and this event ended up being the thing that pushed me into Safety. No one should have to do shit that endangers them
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