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Bitcoin
Understand the problems, before understanding Bitcoin
There’s something sinister on the horizon for global markets right now. Any rational person can see it.
Bitcoin has been grappling with the Macro outlook, Faketoshi’s lawsuit and the lingering after effects of Luna and other scams that gobbled up the leverage throughout the crypto system.
However, when chatting with Bitcoiners who ignore the noise and focus on the long-term; there is still a strong presence of positivity and patience.
Let’s take a look at a few things that have been happening recently…
Only the Strong Survive
This bear market has ruined a lot of people. Many have been liquidated. Many have lost fortunes (but many of those fortunes were based on nothing in the first place).
As the crypto world flounders, there are some who simply don’t care what has transpired. They don’t care that Bitcoin has reached $20,000. Because they know the end-game.
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’.
Nation states are awakening to the new world order (and a new world money)
The long term repercussions of this, are going to be frightening to many who like things to remain the same. Because this was the point of critical mass for the US Dollar and America’s hold on nations through their reserve currency. ‘After this war, money will never be the same.’
Bitcoin: a candle in the dark
Other cryptos are not a hedge against hegemony. There is only one tool for that – Bitcoin. In a world gone dark, thank goodness there is something that shines a little bright with hope.
The CEO of one of the biggest exchanges in the world tells everyone to get their Bitcoin off of exchanges
Regulators in Canada have come out in full force to request Crypto Asset providers to provide info or lock accounts for individuals linked to the protests and those who have donated to the movement. Jesse Powell, the founder of one of the biggest exchanges in the world, Kraken, has publicly advised people to move their crypto assets off of exchanges and into self-custody.
What the f#ck happened in 1971?
To put it simply, it was the moment Richard Nixon moved off the gold standard and the fiat system was born. I firmly believe that the next generation/s will look back and deem this as a dark, dark moment in mankind’s history and yet, most people don’t even know what it is.