“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.
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…
It’s undeniable: the world is changing right in front of our eyes. It’s fascinating to watch.
Things are moving fast, real fast:
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…
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…
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…
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…
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…
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…
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…