Sunday, September 03, 2017

Don't believe the hype.

Instead, dig for the evidence.

In late May, I had researched enough about bitcoin to be willing to start dipping my toes into this new economic paradigm.  There are a lot of videos from "experts" who are saying that the value of a bitcoin could get as high as $10k, $50k, $100k or even higher.  After searching for some kind of perspective I found a post and a video that pointed out that when you put the price of bitcoin on a logarithmic scale, it tracks the creation of coins based on the original design.  That sold me.  It showed the bubbles as bubbles that popped, and showed the increase in value as par from the design.

So, starting in June, I started putting small amounts into bitcoin, with no real plan at that point what I was going to do with it.  I was getting messages from some friends saying that they were involved in some exciting things, and I did some research.  The potential was there.  Our finances were at a point where we could take a risk.  And I started getting excited about the possibilities.  My wife, bless her heart, got sick and tired about me being excited all the time without actually doing something about it, and pointed out that we could afford to take a risk.  "Just do it!!!"  Ok, fine.  I did.

Over the months of June and July, I bought 2btc, 1eth and 1ltc.  Not a small chunk of change for that time period.  And then I launched into some investments.  Trading, mining, one crazy site that flopped because it was silly.  I didn't lose much.  The bigger question is what I have gained.

A lot.  This is real, folks.  I know there is hype out there.  I have not paid any of my bills yet with bitcoin, but I'm planning to.  I haven't actually pulled any of the gains into US dollars yet, but I will.  More than anything else, I'm just having fun watching it grow.  And it is growing faster than anything else that I have ever tried.

I've been an invester for 17 years, learning slowly, growing my portfolio slowly, and planning for the long term.  I'm taking that mindset and experience into cryptocurrencies like bitcoin, etherium and interesting ideas like coss (Crypto-One-Stop-Solution).  I have not seen energy like this since the late 1990's when the Internet first came online.  Since Facebook really started building in 2006 after going public.  Anyone who thinks that this is a bubble is going to be kicking themselves in 10 years.  Because this train is moving.  Where exactly it is going, nobody can say.  Because nobody knows where this Administration is going to take us either.  But I'm going to place my bets on this new version of currency and what it can do to my bottom line.  I have a plan for 1 month, 6 months, 1 year and 10 years.  If you're interested, let me know.

It's time for me to start something new.  Join me, if you want to.  I'll see you at the top.

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