Being a academician, I happened to stumble upon a Publication "Bitcoin: A Peer-to-Peer Electronic Cash System" (https://bitcoin.org/bitcoin.pdf) in early 2009 while I was peer-reviewing a fellow Scientist's work submitted for publication in a High-impact factor scientific journal. The central idea of the Bitcoin Whitepaper was fascinating at that time, especially after the "Financial crisis of 2007–2008", But I never took the publication and the concept of Peer-Peer electronic cash system seriously for Two Simple (Stupid) reasons:
- It was NOT PUBLISHED on a High-impact factor Journal (which is what decorated academicians have been brain-washed to aim for)
- When the almighty $USD had crashed that year I was having a tunnel vision, and never thought that an Alternate Electronic Cashless system could even exist, let alone thrive.
Boy, was I so wrong. Fast-forward 7 years the Crypto market-cap was still under $10 Billion dollars, but Bitcoin being the Flag-bearer of Blockchain, was slowly but steadily metamorphosing into a Movement and I revisited the Crypto space again, but this time I took a plunge. Since then I have become a Blockchain avid, Educationist, Investor and Advisory in that order and all I can say is BITCOIN IS HERE TO STAY AND SO DOES YOUR INVESTMENT, if you know what NOT TO DO (more than WHAT U DO) with your Investment.
Having seen first-hand the Low Lows and High Highs of BTC over the past decade and it's meteoric rise in the past six months, it has proven it's worth time and again, despite being written-off by almost every other country's centralized bandwagon. Coming to present day, Miami is Hosting the LARGEST BITCOIN EVENT IN HISTORY, despite the entire world reeling or recovering from the Global Pandemic. The Hope and Euphoria this conference has reinstilled amongst tens of thousands of attendees and the millions around the world catching up is palpable. The conference is going to get Bigger and Better next year, and years to come and so does the value and benefits of Bitcoin and Blockchain to our lives, as Bitcoin adoption increases exponentially.
In short, if you're a Newbie to Crypto how does this Conference impact your Investment and What could you DO to GROW (and NOT LOSE) your Investment. The pointers might sound Super simple, but doesn't mean they're EASY to Follow, especially when you hear/see every other Telegram channel and Reddit post Pumping Memecoins claiming to 10x-10,000X in 1-10 days. It's Natural as a Newbie you tend to FOMO into these Memecoins given that Musk's and Cuban's keep shilling these Memecoins incessantly, but understand that trading Altcoins (most, if not all) including Memecoins is a ZERO-SUM GAME (one party's win, is other party's Loss) unlike BITCOIN and a handful of other Altcoins that have Extreme Utility tied to the token (for eg: ETH, Exchange Tokens to name a few) irrespective of the BULL/BEAR market. So here goes the pointers for all the newbs out there:
- BITCOIN is HERE TO STAY for decades to come, despite all the Propaganda and chatter going around the globe. So, if you want a Hands-free Investment approach, yet a safer bet to grow your Investment Long-term (and Not Lose Your Investment), then BTC is the Way to Go. Volatility is the nature of Crypto beast, but if you do the HODL game, you'll come out whole and some More, Long-term.
- DIVERSIFY- Don't put all your Eggs in one Basket. What I mean by this is, don't Park all your Investment money only in Crypto. As always, invest ONLY WHAT YOU CAN AFFORD TO LOSE.
- MANAGE YOUR RISK- IF you're Diversifying, Take Your Capital Out at the Earliest and Let the House Money Compound. As Simple as it sounds, most Newbs (me included, when I was new) Never follow this Step, since Human Greed always Obscures the "Red Sea" hidden behind the Parabolic Growth- aka. Green Candles.
- THINK FUTURE- As a Newbie, it is the Last thing you wanna do, but for a moment I want you to Think/Imagine how the world will Evolve and Operate in 5, 10, 15, 20 years from now. Which Crypto Investment could wither the Storm and still stand Tall and grow stronger? BTC is the Only Crypto asset that has a Decade Plus track record and could prevail as a Digital Gold for Years to Come. For sure, there might be a Few Altcoins trying to Emulate Bitcoin, but as a Newbie I'd rather play Safe (BTC) than betting on Dark Horses, if I have limited investment funds.
- ACT NOW-The Decentralized economy designed for average citizens is slowly, yet steadily being taken over by Corporates with their massive investments as part of their portfolio diversification. So NOW is the time, to jump in to the Crytomarket and be part of history, than to sit on the sidelines to watch history unfold.
As always DYOR, and play by the rule books of your jurisdiction with your Taxman.
Feel Free to add your thoughts, perspective and Tips that I might not have addressed to help out Fellow newbs, since I feel Crypto is Not an Industry but a Movement.
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