Bitcoin Has Collapsed — White Papers Be Damned

Just a short while ago, rather admittedly, I was fully enveloped in the furious research of what we now know to be an utter and complete scam: the bitcoin. Whereas others might try to hide from this humiliating fact, I instead embrace it.

I flaunt it like a decapitated limb following a Great War. Albeit, I was late to the party and jumped in rather late, but I was in the war nonetheless, and suffered like many others, from the great dislocation between fear and greed, the timeless balance of things that seeks our destruction vis a vis deleterious and ruinous downward pin action.

Back in December of 2017, I ebulliently thrusted myself dead smack into the centre of the bitcoin universe, spending countless hours versing myself in the language of this new and exciting paradigm. The crypto sector was near record highs and just about everyone I knew was keenly fixated on the next big winner on any number of nefarious crypto exchanges. Men clad in medical attire, sword to the duty of upholding the scared promise to protecting people from ailments to the best of their abilities, were thrusted like lambs into a fucking meat shredder — producing nothing but air in its stead. Financial men of serious means leapt into the asset class with full vigor, cigars lit and brandy in hand, only to be unceremoniously disbanded and chopped off at the legs and then rolled downhill in a barrel made from garbage.

I never intended to lose money in this asset class — but lose I did. From November of 2017 until now, my losses stand at a stout 50% my original investment — a rather tame downdraft all things considered. Back in the early days of 2018, I had dispatched resources to cobble together and market intelligence platform for cryptos, but I’ve abandoned said ideas in favor of equities — specifically because cryptos have proven to be nothing more than shit and I’ve lost half my original investment. Whilst losing money might be something of a sin to some of you, the religious type or perhaps those with something to hide or prove, I see it as a cleaning, a correction that was needed to set me upon the right path.

All of those fucking white papers were read and many of their fictions were believed to be true — but that’s okay — because there isn’t any harm in reading or believing. As empathic aspirational creatures, it is in our DNA to learn and hope — dream of traveling a path that might lead to a better life. While traveling this path, one should expect the occasional alligator bite and loss of limbs — all part and parcel of living in a fast and big world.