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How to use money to live your best life.

Bitcoin

In Making of a Millionaire. More on Medium.

Dollars and Bitcoin are just a concept.

Photo by Alesia Kozik from Pexels

“I will not invest in Bitcoin because it has no supportive evidence,” “Its price does not make sense,” “Bitcoin is a bubble and can explode at any time,” “Bitcoin is not a safe currency,” “Cryptocurrencies are extremely volatile.”

Your perception of insecurity towards Bitcoin is simply because you don’t know how real money works.

And I don’t blame you.

I also had those thoughts until I understood that Bitcoin and dollars are practically the same things.

A few months ago, I considered cryptocurrencies as another form of pyramid and way of wasting your money. …


A limited supply of coins is creating exponential growth.

Photo by Vadim Artyukhin on Unsplash

In the past 365 days, the price of Bitcoin has surged by 510%.

It’s the best performing asset of the past decade. Those who truly understand its fundamentals are often incredibly bullish. And unsurprisingly, people who just pay attention to negative headlines on the news think the price is going to zero — in part because of its current volatility.

But that’s okay. Some people understand Bitcoin, and other people don’t. And those who refuse to move with the times will inevitably get left behind on the wrong side of history. Quoting an article published by Bloomberg:

“Bitcoin was created…


Nobody knows what’s next for sure, but change is coming.

Which will prevail in the end? — Photo by Bermix Studio on Unsplash

It’s undeniable: the world is changing right in front of our eyes. It’s fascinating to watch.

Things are moving fast, real fast:

  • Earlier this year, Bitcoin has reached a huge spike at over $40,000 per coin. Cryptocurrencies as a whole have hit over $1 trillion in value.
  • The FED and governments around the world are printing money out of thin air, debasing national currencies like the USD.
  • Institutional investors, such as insurance and hedge funds, are allocating more of their funds to Bitcoin and other crypto-assets.
  • Investment giants like Warren Buffet and Ray Dalio are catching on to Bitcoin. Paul…


It’s a little unsettling but quite comforting too

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Unless you’ve been hiding under a rock and avoiding the news (not a bad strategy in this day and age), you’ll have heard about recent events in the world of retail stock trading. I’m talking, of course, about the r/WallStreetBets collective and the short-squeeze of ailing computer games retailer GameStop.

Just in case you missed it, a co-ordinated community of retail (i.e., private-individual) stock traders managed to expose frailties in short-selling strategies that are commonly used by hedge funds. The episode and its aftermath have caused significant fractures and highlighted inconsistencies in the financial services establishment.

It seems to me…


And I’d say the same things to anyone else.

Photo by André François McKenzie on Unsplash

Both my parents are imbued with attributes that I was lucky to have witnessed as I grew up. My mother is the strong-willed, determined type, someone who knows that there is a “yes” available behind every “no.” My father is one of the most resourceful people that I know, capable of fixing almost anything and certainly willing to try. Together, they created an environment and a culture of optimism and possibility that benefited my entire family.

But even with my Dad’s unending curiosity, I certainly wasn’t prepared for him to ask me about Bitcoin.

This, along with everything else going…


A money revolution is coming, and the big names are warming up to it.

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The game of money is changing.

Traditional, fiat money is worth less and less as large amounts of it are being printed out of thin air by central authorities and governments.

Inflation is eating into people’s savings, and so are low or even negative interest rates hacking away at their current accounts.

Trust in government is eroding when people start to see the value of their hard-earned cash and retirement savings dwindle, and melt like icecream under the scorching sun.

As Satoshi, the supposed mastermind behind cryptocurrencies, declared:

“The central bank must be trusted not to debase the currency, but…


Keep your money safe and know what to expect.

Photo by Jason Dent on Unsplash

Are you playing with the idea of investing in Bitcoin or other cryptocurrencies, but you’re nervous about the safety of your money?

Don’t worry. I’ve been there too. I lost some money myself when I started four years ago because I didn’t know any better. Lucky for me, I was a high school graduate back then, so there wasn’t much to lose.

But you don’t have to suffer from the same mistakes. Knowing what to expect will help you stay clear of all the basic pitfalls in crypto, and that’s why I decided to make this list.

Here are my…


The answer to the question everyone is asking

If you recently encountered posts, comments, or threads regarding Bitcoin, you probably came across the most asked question in investment and trading history.

Buy now, or wait until the price goes down?

Everyone is looking for an answer to this question. Especially recently as Bitcoin’s sharp climb to 40k made headlines and brought the digital asset to the attention of new investors around the world.

It’s a valid question. People want to know if the train already left the station or if they can get in for cheap by just waiting a while. The harsh truth is, no one knows…


The Fed dictates the game, you have to adapt to take advantage of it.

Image: Annie Spratt / Unsplash

In the world of investment, some adages are often repeated. Among these adages, there is one that is perfectly suited to the situation we have been experiencing since the beginning of the COVID-19 crisis. This adage is easy to remember:

“Don’t fight the Fed”

This adage is based on a rather simple observation.

In today’s monetary and financial system, central banks dictate the rules of the game. As the central bank of the world’s leading economic power, the Fed is obviously the one dictating the rules of the game to the rest of the world.

When the Fed decides to…


It's not just about penny-pinching

Photo by Jp Valery on Unsplash

Kevin Rose is the kind of Internet Entrepreneur that many of us want to be like when we grow up. He’s a millionaire many times over and responsible for many successful startups (and some that were less so). His net worth is into the tens of millions of dollars.

What a guy.

I’ve only ever encountered him on ‘The Tim Ferriss Show’ podcast — he’s a recurring guest and seemingly a close friend of Ferriss. Their conversations are usually entertaining, occasionally drunken, and always full of nuggets of wisdom.

The most recent episode teased a discussion about Bitcoin in its…

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