Crypto community, why are you even here?
Is it the chance for quick easy money? Is it for the lambo or to make millions of dollars? Many of us may have come initially for that, but why are you still here? Do you realize how advanced this technology is? Do you understand how truly broken our current financial systems are? The dollar is a fiat currency and all fiat currency eventually returns to its intrinsic value of 0. Banks and governments have been trusted by people over the years to do what's in the best interest of the people. But what has happened is that trust has been broken time and time again. Every generation is set up with massive debt and the next is worse off than the previous. Cryptocurrency represents freedom. The ability to transact without the need for bank permission... Or the need for governments to grant permission. Do you trust the crooked banks and politicians or will your trust be in the code... In the math... That is open source and anyone can verify the validity of.
As we watched the crypto market fall to painful lows, how strong is your belief in it.. Not in its dollar value.. But the validity of better technology that will change the world. Trust that when it's time to spend your crypto, you won't need to convert it to dollars first. I challenge you to look at why you are really here and do you want to be here. If not, take a loss and walk away. Or just hold until it rebounds and then sell. But if you understand what is really happening and what will happen over the next 5-10 years, I challenge you to do two things. I'm not going to say buy the dip.
- Do your research and decide if you should buy more while we are seeing these lows. Be intentional about learning more everyday about how and why crypto will change the world for the better. Realize, many of the bad players that are in the space currently need to be washed out so this dip after dip all year has been necessary to shake them out.
- Once your belief is rock solid, be intentional everyday about helping people learn more about crypto and get more involved. Whether it's the new person hesitant and scared because of all the FUD they've heard on TV or it's the person that bought Bitcoin in December 2017 at $19,000 and has watch the value to dollar plummet. Be kind... Be compassionate... Answer their skeptical questions with understanding and don't get emotional when they have doubts. People need to realize that buying small increments on a regular basis can help limit your liability on big dips plus if you are confident in returning one day to smash to new all time highs, then you want to help others get some skin in the game. There are apps to help buy a little at a time. Bundil is one app I've been testing for 3 weeks which allowed me to purchase over $125 worth of Crypto without me having to do anything. Abra is another that allows you to link an account and make small purchases over time. Crypto is volatile and crypto is risky, but once you understand, it's riskier to not have any skin in the crypto game.
Many of you will be seeing family and friends over the next few weeks for holiday gatherings. How will you respond when someone asks about Bitcoin or wants to know if it's dead or why it's losing value. Will you have an educated answer that will make them curious enough to dig deeper. Or will you get defensive and turn it into an argument. One bitcoin will always be worth 1 Bitcoin, but your dollar is losing buying power everyday. Will you point to countries where hyper inflation has made their fiat currency worthless and how Bitcoin volumes there are skyrocketing because they understand why crypto will change the world. It's not about moon or lambos, it's about taking back the freedom that has slowly eroded over the years of many nations. Will you cower in the corner and cry as you watch values plummet? Will you get angry and defensive when a family member says they heard Bitcoin is going to $0? Or will you take the time to educate them on why crypto is here to stay and we are still in the beginning phases of launching it. The dotcom bubble busted in the early 2000s and many bad companies went away. But those that rose from the ashes have developed into the great infrastructure we see today. The same is happening with blockchain and cryptocurrency.
Want to get a start to understand the broken system and see why crypto will change the game? Make sure to watch the first few episodes on YouTube of The Hidden Secrets of Money. Then watch some videos of Andreas Antonopoulos. It's time to mature and grow as a Crypto community and as a market. Replace "when moon" and "when lambo" with "when freedom" and "when mass adoption"
Here's 3 points to remember if your faith is shaken...- $7.2 Trillion Asset Manager Fidelity Will Help Customers Invest in Bitcoin
- Bakkt To Launch in January
- Switzerland Approves First Bitcoin ETF With Ticker $HODL
If you want to keep up with what's going on in the cryptocurrency and blockchain space, follow my podcast From No Crypto to Know Crypto. Available on iTunes, Google Play Music, Podbean, Spotify, and Stitcher.
