Say what you want about .
Eth has been on a steady upward trend, so has BCH. XRP not as much; but is over 4k.
People including myself have made arguments involving use cases ; i argue now that the current purpose of crypto is to MAKE MONEY.
2018 was riddled with hype and misery in this sector… It is now January 2019, and capital gains are long away.
Like it or not, crypto follows . It follows ETH and BCH these days too.
80% of trading is psychology. We, all of us are here to make money.
You can scalp trade , you may earn a modest amount…, day trade , stare at charts and stress out , or you can ask more of your investment.
Short selling is arguably a justifiable practice due to the psychological damage wrought by 2018, but the fundamental aspect of crypto is still decentralized currency not behold-ant to the Fractional reserve system.
It may skirt economic sanctions, and your politics may be against that , but if you look at what economic sanctions do to nations ruled by despots and criminals, they impose massive on the COMMON people.
Saddam did not suffer under sanctions, his people did.
Fidel did not suffer , young women were forced into prostitution , young men to leave the families they loved to try to support them.
If anything, sanctions benefit the despotic rulers.
Crypto is still economic freedom. It is still a way to earn 20% in 2 days as opposed to 0.04% in a savings account, maybe 0.35% in a cd, with a relationship rate, and that money is then lent , your money is then lent at 12% , 15%….. BANKS get wealthy..
Lets get back to the basics , nothing moves like crypto, nothing.
It is not about Fortnite , non fungible tokens and video games bought at high price with yet more money to be paid if you wish to advance, it is about MAKING money.
Things don’t need to keep cycling up and down for this to happen; and that is precisely why there hasn’t been more adoption, so lets USE the – the less regulated space of crypto’s WHILE WE CAN to make MONEY, which in this world is a fundamental aspect of the freedom to pursue happiness.
The market doesn’t care if your black, white, red, orange or yellow. It doesnt care about your past mistakes.
Lets do this.
I have left metrics out of this, except to say that things are green today and they COULD stay that way with the right psychology, and commitment.
BE the Winklevoss twins.
REPEAT 2017.
Build it on hype if that is what it takes, but build it up, and the whales will come calling , maybe we can even avoid centralized digital printable fiat.
Imagine a scanario where you peel off a fraction of a crypto and go on a vacation, then make it happen. It is up to ALL of us.
If most of us are small fish in a big pond, be piranhas.
Published at Sun, 06 Jan 2019 22:20:17 +0000
