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Musings in a bear market

The bear market. Here we are again. Or, to some, welcome for the first time.

It’s that time of the cycle, where conviction is being tested and a reality check is needed for most.

To many readers, you are here because no matter what price you bought at, whichever friend you listened to or whatever reason you think you may have bought Bitcoin; you actually bought Bitcoin for one reason. You may or may not realise it yet, but you made a bet against the current system. You hedged against manipulation. Bear markets make investors realise this. And unfortunately, this bet you made is the furthest thing from being easy.

Tips to avoid scams

Last week, a massive scam broke out where many users of Trezor hardware wallets were affected.
Yes, most scams/hacks occur when holding your Bitcoin on exchanges or with custodians but when custodying your own Bitcoin. The highest risk comes with human engineering. There are steps you need to take and a mindset you need to maintain, to avoid scams when custodying your own Bitcoin.

Russia, Exonn and 19 Million Bitcoin

We are about to see the 19 millionth Bitcoin enter circulation sometime in the next week. And there’s only another 2 million to go, by the decade ~2140 AD, based on the supply and halving schedule. 

19 million Bitcoin in supply. 2 million left. 21 million Bitcoin only. And 56 Millionaires worldwide.

In the words of Greg Foss, ‘it’s just math’.

Regulation and Altcoins: from Facebook to Failure

With regulation looming, altcoins are in for a rude awakening. They will most certainly increase regulation on Bitcoin exchanges over time, but Bitcoin itself will keep evolving and circumventing. This is what it does best. Decentralisation is everything. It is the entire point of crypto. But most people fail to realise what this actually means. It is what makes Bitcoin indestructible and thus, so valuable. It is what makes Bitcoin the only competitor to the Plutocrats. Bitcoin is Us. Everything else is Them.

8 Misconceptions about Bitcoin 

Bitcoin is a complex subject and there is an enormous amount of information to sift through and make sense of. Unfortunately, there is also a lot of misinformation and misunderstanding surrounding Bitcoin so we have done a bit of myth-busting. We want to continue with our Bitcoin Basics this week and focus on some misconceptions that many have about Bitcoin. If Facebook, Twitter and others can do Fact Checking – so can we.

What can we expect from Bitcoin this year?

There are a lot of possibilities this year and the biggest short-term factor will undoubtedly be what Central Banks decide to do. Dovish or Hawkish – either will drive the price.

In the long-term, however, it doesn’t matter. This is why we implore people to have a long-term perspective on their Bitcoin holdings.
As Bitcoin adopters put in more time and effort to understanding this asset, we will likely see this asset move from risk-on to risk-off, with a lot of volatility in between.

Sit back, focus on the things that matter, don’t try to time the markets, stack more Sats, have a long-term perspective and enjoy the ride.

Have a great year ahead!

Inflation: a tale of two countries

We are taking a thorough look at what’s happening in Turkey and what similarities it has with South Africa’s past, present and potentially, it’s future. The ANC is not the only corrupt government on this planet. Unfortunately, the fiat system has led central powers down a dark road where greed is endless, money printing is easy, and thus the fiat roads are all leading to zero. We can exit all of this madness. There is an incorruptible, uncontrollable, decentralized, scarce asset called Bitcoin, that is the complete antithesis to this all and the ultimate hedge against inflation.

The real reasons why you shouldn’t keep your Bitcoin on exchanges

You may have heard about the famous exchange hack on Mt. Gox where hundreds of thousands of Bitcoin were stolen from users. Bitcoiners learnt a very valuable lesson from that, and since then around 75-78% of Bitcoin is kept in cold storage, and off exchanges. 

This wasn’t the last hack. There was one 2 months ago, on the Japanese exchange, Liquid, where around $80m in Crypto was stolen.