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What does it take to understand Bitcoin?

 

Let’s be clear about something… There will be winners and losers in Crypto. When the Internet was new people couldn’t envision how the web would impact their lives. Now, most people can’t take a crap without taking their smartphone with them.

I made great money trading dot com stocks. Most of those companies do not exist anymore but the survivors dominate. History doesn’t repeat but it does rhyme. Most of the current coins will die but the survivors will be here for 100+ years. So much money will move into the surviving coins it will be the greatest wealth transfer in history. Stay frosty, don’t fall in love, and keep your eyes on the prize.

For those who are swimming against the tide of Crypto you are fighting progress. Crypto isn’t going anywhere. This is not a drill. This *is* a game changing event.¬†Events of this magnitude come around every 30-40 years. Your choice when you turn the corner and switch from skeptic to interested to daily user. At the least, keep your options open. Should you go all in YOLO style? Definitely not. Should you put some play money into a coin to learn how it works? YES.

And remember, Cryptocurrency is <9 years old. It’s already changing the world. It’s going to be messy for a while. REALLY MESSY. This is easy to forget in our fast forward life. When in doubt, zoom out.

So call the crash in Bitcoin. It’s expected. It takes brass balls (and some good trading) to be in this market. But you SHOULD be in this market.

Current events: Bitcoin Gold forked from Bitcoin yesterday. In a month there is another planned fork for Bitcoin 2x. On August 1st Bitcoin forked to Bitcoin Cash.

That equals FOUR Bitcoins. What a mess. I warned about this months ago. The only thing that can kill Bitcoin is Bitcoin. My view on this is that only one Bitcoin will survive. It will be the coin that most closely follows the original design of Bitcoin. It’s going to get really weird in Q4. Bitcoin needs an enema.

I’m not here to convince anyone or offer trading advice. Well, except this call:

Follow my twitter if you’d like more regular updates.

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