Up and down, up and down, up and down goes the price of Bitcoin.
My friends and the people that know me come up to me at one point or another. If Bitcoin is on a new high everyone is all a buzz about the currency and want to know more. Pay off their mortgages, travel the world, be a king.
When it's low they're patting me on the shoulder and asking me how I'm doing.
I'm doing fucking great.
Bitcoin is at a new bargain price and my alt coins are pumping through the roof. Which I will sell and store back into Bitcoin.
More Bitcoin that is.
And the cycle continues.
For now.
Things could change, and change radically in this market but I think you are getting the current tempo. People buy Bitcoin so they can go out there and buy the alt coin of their choice. Bitcoin is the seed, the alt coins are the harvest and Bitcoin is again the store house where the seed goes.
In a way it's a bouncing ball. A beautiful bouncing ball.
The mainstream media doesn't tell you this is how it works. They love the hit they get off of the dramatic highs and lows of the numbers. It makes the whole thing “Sensational” and they sell more advertising and create more content for their “Crap” station. Not to mention they constantly mislead people and have for decades and decades on similar topics.
The tide goes in the tide goes out, the tide comes back in again.
It's a cycle.
The options are getting more and more grandiose and more and more people are getting involved. The volume is getting outrageously higher every time Bitcoin is pumped.
Take the time to get to know what it is you're getting into. Especially given the volatility.
I've seen many people treat this whole thing like a gambling casino. They bet on the best horse to win. They bid on the rumour and sell on the news.
They go where the bubbles are.
You can do this if you want. Or you could invest and buy on lows and wait for a year. Find that solid investment and wait it out.
Or, you could not get involved at all.
But know this the bouncing ball of Bitcoin is not a bad thing. It's a part of the process. It's a part of how it works.
It was designed that way.
It's genius.
It's recovery rate is a thousand times faster than other commodities or stocks.
It's proven.
Whoever this Satoshi Nakimodo guy is he's a financial genius.
He created something for the financial community to gamble on that doesn't necessarily effect real commodities like oil.
And they still get the same 'Hit'.
So to speak.
Not to mention what this whole field could do for the entire world. The world over.
It could radically develop the 3rd world over night a hundred times faster than the western world. If so wanted.
That means clean drinking water for everyone.
I truly believe this.
Bitcoin has a type of 'Decentralised Socialism' ability that people can handle. I mean you could use a donation now as a long term investment, and make it trackable. Accountable.
More on that another time.
But whether the price of Bitcoin goes up or goes down it's an opportunity for everyone. And opportunities are being made.
Some people like to store in Ethereum, or money. I'm hoping Vertcoin will develop to that stage where it can be my store, or one of them.
Some people flip/flop back and forth strictly from Ethereum to Bitcoin. A simple strategy can be made out of this.
Of course you could still lose.
It's a risk. Know this.
I treat it like a game. I spend what is safe to do so and learn the game through and through. I'd like to see it all develop to a win/win stratagem rather than a win/lose stratagem that is in all areas.
At least at some levels.
Bitcoin completely offers this ability innately.
I for one don't think Satoshi Nakamodo is a real person. The name is a moniker and a veiled insight as to what Bitcoin is and could be.
That “bouncing ball” was designed that way for a reason. That reason is 'Recovery'. So for those who want to “Gamble” can “Gamble” and for those who want to plan a future and develop something it's all built in.
It's a wise centre.
Dan Lynch
Wise Centre Exchanges.