I really wanted to write an article about this for a long long time and this article is actually a part of my article "Few Thoughts about Satoshi Nakamoto Part A", posted on PUBLISH0X on 14th January 2022. Yet, I have decided to make it a separate standalone article in my attempt to educate people in the Cryptoverse to avoid scams and Ponzi schemes in the internet promising illusions of "Financial Freedom" being on permanent holidays on the Caribbean or Mediterranean Sea, or achieving "Quick and Easy" FIAT profits and a Passive Income" from crypto-investing their funds in their trading platforms, strategies, investing teams etc just like Robert Kiyosaki explains on his book "Rich Dad, Poor Dad
I am not just trying to recycle my articles providing arguments of luck of writing inspiration, however i felt the need that few well-said arguments in the dynamic world of cryptocurrency is good sometimes to be re-written and repeated.
Getting Scammed
I am not perfect. I have been scammed as well in the past during the Crypto Hype of 2020 losing money and cryptofunds as I wrote on my article my title "BTC Airdrop Conflict" on Publish0x but also on . So I know very well how it feels being in the FOMO (Fear Of Missing Out) zone instead for staying in my Comfort Zone. I have also written articles about scams that I have avoided as an advice to my readers with titles "Trust Wallet Scam Airdrop in TwitterJust another CryptoScam in Twitter" but scammers keep sending me Private Messages on my social media accounts promising me huge profits if I follow their strategies. Here's a recent example:
99.99999999% of the people currently inside and outside the cryptospace care only for the fiat profit of their investment and capital, at the same way they do for their stocks and forex trading on their quest to establish a passive income that would allow them to live wealthy without the need of working.
However, there are some questions that raises into my head.
Why all that matters among the so-called crypto-enthusiasts is the FIAT inflationary value of a crypto-asset ? Why everyone is chasing the "Get FIAT rich or die trying dream in the crypto-world instead of chasing the real decentralized and out of the establishment REAL value of a crypto-asset ?
Let's assume the hypothetical scenario that Bitcoin indeed somehow reaches the moon aka a valuation of 150k USD per 1 BTC. What would happen in that scenario? Everyone who HODLs a portion of BTC would become let's say wealthy if not millionaires by cashing out their profit. I am not the economist, but in order the CEXs who would exchange the BTC to US Dollars and the banks of the establishment who would serve the thousands of the request of withdrawing these USD value into their bank accounts, would need to billion of dollars leading to a huge inflation that would cause the US Dollar to lose its current value. The situation would be like as you might have 1,000 USD and the only thing that you could buy with these 1,000 USD would be chewing gums. On the other hand, since everyone would rush to sell their BTC and exchange them to USD, BTC price would fall as well instantly. It is like a MLM scheme where the first adopters of the scheme might get rich with other people's money. Certainly, Bitcoin wasn't built for that reason as explained later on the section "Satoshi Nakamoto's Vision". and this is NOT what Satoshi Nakamoto promised as "FINANCIAL FREEDOM". You can read what Satoshi Nakamoto promised on my article "Few Thoughts about Satoshi Nakamoto Part A". And..
No I am not interested to "Get Rich Quickly" in Inflated Printed FIAT Money schemes
My personal "Failed" Trading Story
On the other hand, you might consider me as a hopeless romantic HODL crypto-enthusiast. I am not a trading gambler because I see no difference between forex or stock trading and crypto-trading as soon or later what will happen is the loss of the traded capital. Fellow Greeks who have lost their money on the great Greek stock market fiasco on the early 00s can easily understand me. And if someone try to argue why I have such a strong anti-trading opinion, I indeed tried my luck in cryptotrading in the past to see how easy it was to earn money through StormGain. My trading achievement was at the beginning successful even with small shy trades and I was tremendously enthusiastic with my achievements and confident that I can deliver better results.
That was arrogance. Bad trades manipulated from my personal FOMO feelings and fake confidence provided from few successful lucky trades started to follow one after the another and finally a short to sell XMR went completely wrong and couldn't save the bullish rally. It was a bad trade but I should have closed it at 4. Still, you know traders are greedy. That was a great lesson for me because as Robert Kiyosaki wrote in his book "Rich Dad, Poor Dad
When you lose, lose big
Total loss 300 USDT which I could invest back on September 2020 and almost buy 1 ETH. You can imagine very well the performance of my investment after taking into consideration the current rate of Ethereum. Personally I don't believe there is a way to predict the future and earn money from the future trend of an asset especially when the market has been randomly manipulated from the market whales. Either individual or institutional large holder of an asset or a cluster or them that are capable to divert the market on a specific direction according to their own interest and all that you can do is to let yourself to be pulled from their trading movements at the same way that a piece of wood is being pulled away from the shore from huge waves. I won't disagree that sometimes you might get lucky and be profitable when that piece of wood is pulled on open sea, but there are times that you will end up on a loss and on the rocks because simply you have no control of the trading outcome. It isn't you who manipulates the market with a 1000 USDT position!!! And it is the loss that hurts mostly, not the profit!
An example how Bitcoin Whales can manipulate its value can be found on Gavin Andersen's blog article with title "A Possible BTC Future". Feel free to read it.
Satoshi Nakamoto's Vision in Brief
Satoshi Nakamoto's subtle message on the Genesis block was taken from "The Times" 3/1/2009 front page with main title "Chancellor on brink of second bailout for banks" and secondary title "Israel prepares to send tanks and troops into Gaza", and it is indeed the first ever NFT (Non Fungible Token) embedded on a blockchain.
Satoshi Nakamoto didn't build Bitcoin so that you can buy a Lambo with FIAT money by investing in crypto-markets but to create a financially healthy environment where you can indeed be able to buy a Lambo with BTC from your hard labour and work instead of being paid in inflationary currency aka FIAT money.
Satoshi Nakamoto developed Bitcoin according to the message sent on SHA-3 lounge on October 31st 2008 as: a purely peer-to-peer version of electronic cash allowing payments to be sent directly from one party to another without the burdens of going through a financial instruction
Satoshi Nakamoto's paper announcement on October 31st 2008
I am indeed a hopeful romantic HODL crypto-enthusiast since 2013, when I first started to explore the crypto world, and I have been tremendously intrigued from the fact that Satoshi Nakamoto decided to remain anonymous whereas today taken into consideration the current Bitcoin value and popularity, that entity could have been considered the most famous and (fiat) billionaire entity of the world. Yes I am a hopeless romantic HODL crypto-enthusiast who isn't interested on a FIAT profit of my crypto-assets and NOT because of my failed trading attempts. During the previous bull race, I could have sold all of my crypto-assets and withdraw them into my FIAT banking account. but I didn't do it because I believe at Satoshi Nakamoto's Vision
Disclaimer: All information found on this article is for informational purposes only. I do not provide any personal investment advice so please make your own research before proceeding to any investment/trading actions
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