WHY CRYPTO?
Why am I so passionate about crypto? I see this technology playing a BIG role in our future. And I don’t just mean bitcoin. There are many cryptos with highly beneficial uses for every aspect of our world. This revolutionary technology encompasses more than just decentralized currencies, but can help people and businesses in any industry.
It can be even bigger than the internet. And we're still early!
I wrote this in 2019, but the concept still applies:
As an artist, I live to help create the world around us into a better, more ideal one. So as super tech/computer/math as crypto may be, it is first adopted by visionaries of all sorts.
And people whose governments have screwed them over and squandered their wealth.
Now, more than ten years after bitcoin was born, millions of people have confidence in crypto as well.
More confidence than in their own government’s money.
What is “money” essentially backed by? CONFIDENCE.
We no longer have to trust corrupt, criminal banksters. Mathematics is trustless. And the billion+ people without any bank can finally be in control of their own money.
Is this revolutionary or what?!
"The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat (printed) currencies is full of breaches of that trust."
- Satoshi Nakamoto, anonymous creator of bitcoin
(Remember, "crypto" is not just about being a "better currency"...most cryptos are utilized for various industry functions, which is a fascinating thing in itself! https://cryptodefinitions.com/dictionary/utility-token/)
Hans-Werner Sinn, Professor Emeritus of Economics and Public Finance at the University of Munich says, “Cryptocurrencies are the bail-out of the world." Fascinating statement….
Josh Rager shows a 2019 chart depicting how easily bitcoin can hit 78K on its next big peak:
Even if one bought Bitcoin at its last peak...
Bitcoin spiked up to nearly 20K in Dec 2017. Many analysts conclude that it can easily surpass that in the not-too-distant future. Nothing is for sure in any market: assets can always go to zero! (Though it seems to be impossible for bitcoin itself to do that, if you look into it. But it can still drop.) Why do I believe bitcoin will hit new highs?
This super important concept is why:
Cryptocurrency, as of Winter 2018/19, only has the market cap of Starbucks or McDonalds.
There’s at least $100 trillion worth of assets under management worldwide. “Big money” is ITCHING to get into cryptos. (We've seen this more in 2020 and 2021.)
What will the prices look like when regulations are in, the infrastructure is in, and just a small percentage of those assets start shifting into this market?
WOW…. With only 1% of the world into crypto as of 2019, we’re just getting started!
Imagine how much one’s crypto worth might increase when we hit just 3%! ...5%...12%...50%.......
Do you see where we are headed now?
This is generational wealth potential. NOT financial advice. This is data you need to think with.
Visual chart of how early we are in the crypto market. WOAH!
Learn more about the money that can pour into this market here.
And here: BREAKING: The "Critical Link" for Bitcoin Institutional Adoption JUST GOT APPROVED https://www.youtube.com/watch?v=TVnVfpmpOZM
Most people will not HOLD ON long enough to take the potentially super large profits.
Why? Mainly the fact that many don’t understand what they bought. Nor do they have the patience. They never watched this video all the way through… (watch faster on 1.5X speed)
It helps to simply tell yourself to NOT worry about day-to-day prices. It sounds easy to say, but it may be difficult to do. Especially if you’re over-invested! Remind yourself that you are buying for the future if you decide to buy. In this volatile market, one must control emotions or it’s easy to lose money buying/selling at the wrong time or not at all.
Fear and greed WILL try to mess with you, no doubt. That’s HOW market cycles are designed--they test your emotions. Recognize it and rise above it. Knowledge, confidence, consistency and patience will help you hold strong and ride the ups and downs. Write this down and practice it! It greatly helps to make a plan. And maybe rereading this section twenty times!
DON’T BE LIKE GREG, the “could-have-been” multimillionaire!
When bitcoin hit $8.00 he would have had $13,600 and regretted selling too early. If he’d kept a mere 25% of his coins for the long term, he’d have over $4,000,000 when bitcoin hit 10K. Too bad he didn’t learn a little more about what he was buying, realize it may have some potential down the road, and wait to see what happens... PATIENCE IS KEY, right?
Bitcoin was still “magical internet money” back in 2011. I definitely can’t blame Greg for selling too soon. Most people did--if they somehow figured out how to buy it back then.
The key is doing your homework, believing that your crypto projects have big potential and having the PATIENCE and CONFIDENCE to see that potential realized, vs. only seeing the day-to-day price in the short term.
Now that your interest has been peaked in cryptos, let's take a simple look at what they actually are:
WATCH: Peter Glickman's basic introduction to bitcoin, alternative coins, wallets: https://www.youtube.com/watch?v=OfvUMcAnkZQ
Continue learning in my WHAT'S CRYPTO? page:
https://www.blogger.com/blog/page/edit/1430561890464394617/1141277958305764957?hl=en
