Posts about Bitcoin
The halving is coming and it's coming fast. Less than one year left until we reach the pivoting moment where once again the block reward for Bitcoin gets cut in half. This will be the 4th Bitcoin halving in history. 40,000 blocks left.
Speculators will continue to speculate, predicting the price will go up because of this event but to me it's exciting either way. You will be part of history seeing this play out and for me this will be my first time being able to watch it happen live. So stay humble, stack sats or whichever cryptocurrency you are accumulating and be patient. Hopefully all this effort waiting and enduring the crash of 2022 will be rewarded.
Historically speaking the actual day it occurs not much happens with the price and we still spend some time going sideways, likely will happen this time as well.
Hi. I've been seriously contemplating my investment strategy lately, and one idea that wouldn't let me go is entirely replacing stocks with Bitcoin in my portfolio. I know it's a bold move, terrifying but thrilling at the same time.
Since I started buying Bitcoin in 2019, about a quarter of our savings go into buying more. After the Blackrock posting, I regret that I didn't invest more over all these years, and I'd want to change that.
The only problem is that my wife and I have a shared investment account, and she's categorically against any such move, saying that it would be wiser to keep it with the various investment and don't take such high risks. She acts as if I want to sell our properties and empty all our bank accounts, leaving us without a dime. More than that, she threatens to file for divorce if at least one stock position disappears from our portfolio without a proper reason.
All my arguments about great opportunity growth are neglected. She keeps bringing up stuff like it's dumb to keep all eggs in one basket, that we need to invest as diverse as possible to minimize our losses, and other classic financial advice you can find on seeking alpha review or investopedia. My wife won't stop repeating that no one who's smart enough won't give up everything for Bitcoin, constantly remembering every one of our friends who got burned on crypto investments.
All her nagging made me curious whether someone here has focused only on Bitcoin investments, ignoring all the rest. What were your experiences, both positive and negative? How has it impacted your overall financial position and long-term outlook? Also, I'd like to hear from people who wanted to pour all into Bitcoin but didn't do it. What stopped you? Do you regret this decision?
Since the early days of money, early civilizations quickly realized there was a flaw with money.
The Sumerian realized early on that the only thing that matters in the end, is the ledger.
They created a ledger, instead of dealing with coins.
When someone made a transaction, they simply updated the ledger, and kept track of how much money you had just as a number on a tablet.
And today our banking system has become primarily just digital numbers on a ledger.
Your bank doesn't really keep or transfer coins and bills around. It just updates a ledger.
But these systems still have a major flaw.
The issue we've had for thousands of years, is you have to trust the person transcribing this, and trust whoever keeps hold of that ledger.
In the same way that if fiat is controlled by a single entity, and issued and printed by one institution, you still have to put all your trust in them.
With money, whatever system we had, there was always a flaw: you had to put your trust in someone.
And can we really ever trust centralized systems?
The 2008 crisis was the final straw in trusting banks, governments, and financial institutions.
Their history of corruption had gone on for far too long, and was exposed once again in such a colossal way on a worldwide scale.
This is what led to Bitcoin and cryptocurrencies.
After thousands of years of the same unanswered colossal problem with money, it was finally answered with a solution:
Decentralization secured by cryptography, and with a worldwide network with no government and no single entity in control. You just need to trust the consensus mechanism, and the algorithm. So in the end it's all in the math.
So it's trust that can now be based on understanding something predictable based on math and putting two and two together, rather than trust based on trusting people, their emotions and character, and policies that can change on a whim of those in power.
