This is not good news.
Sure, great, your bags are pumping. Congratulations. I'm sure you can't wait to cash out to fiat and get away from crypto after your bags get pumped. Only to let that fiat get debased so you can lose later on.
Think about it. Tesla has billions of dollars of free capital and is moving into bitcoin. You fuck around and turn $1000 into $10,000 and you're trying to get out. Does that make any sense?
3% may not seem like a lot, but it will grow. And 3% is enough to manipulate the price of bitcoin quite drastically. When Elon announced his $1.5B buy, which represented around 0.1% of the market at the time, he moved the entire crypto market 1% by himself. The fomo after that moved it 10%. As it stands now, we are at $1.5T — a 50% move in less than 2 weeks? Good for the short term, possibly bad if we allow it to be all we get.
I'm rewatching the entirety of House of Cards on Netflix, and there was a great lesson to learn from that series. There's a huge difference between money and power. The two overlap at times, but they are not the same. And if you mistake money for power, you will soon find out the difference when power takes your money from you.
The power crypto gives to democratize the world is unprecedented. No longer do we have to centralize our problem solving. We no longer have to trade allegiance into a corrupt structure to receive the basic necessities of life, or even its luxuries. This is the infrastructure that can give the majority of people in the world a better life.
Don't make the mistake of believing this power needs to be funneled through a centralized entity of any sort. Nor should you make the mistake of thinking that this blessing of Satoshi won't go away if it is not properly managed. I've said it many times; I'll say it again — if we let a critical mass of top crypto assets move into the hands of a few entities that can be regulated by government, we will be dragged right back into the corrupt system we were trying to escape. Well, you'll be dragged back. I'm getting out no matter what.
Crypto also gives you the opportunity to do good and do well. You don't have to sacrifice anything in order to help yourself and others. Crypto is the best investment in the world. The more you hodl, the less power these institutions have. Learn defi so you can create a passive income for yourself without the need to sell a single bit of bitcoin. Even at this early stage, the entire system is available to you to start an entirely new, decentralized, free life.
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YOUR GUIDE TO MAKING MONEY IN CRYPTO STARTS HERE ---> Making Money in Crypto Part 1
Always remember:
Burgerswap Bridge will steal your crypto
Deus.Finance is led by a psychotic wannabe despot
AllianceBlock is a shit project
All algorithmic stablecoins (Basis Cash, Mithril, Empty Set Dollar) are a SCAM
Don’t get your bitcoin from PayPal
Trade on BSC, not Ethereum
Ivan on Tech, Elliotrades and Bitboy are complete liars, and
If you are always losing money trading crypto, read here.
Gems I'm investing in:
NFTs - Doki Doki
Trading - Unimex
Finance - Soar
