Post
Topic
Board Economics
Re: When will people feel comfortable using BTC ?
by
RosellaMurphy
on 28/06/2018, 12:21:23 UTC
A lot of people here focus on the financial side of things. I'll focus more on lifestyle and personal growth. But finance first.

Short term I'm expecting volatility on BTC, a bigger correction would make sense after 2017 bull run, since Goldman Sachs is trying to buy in to the table, but they won't pay the full market price.. They want to drive it down, that's where the derivatives and futures on CME come for - to shake out the "weak hands" off the market by the "bubble bursting" black PR. So short term - fasten your seatbelts. But in a few months the prices should stabilize and then BTC will grow even more.. At this point I doubt anything can stop it. And as soon as ETF funds based on BTC start to pop up, it will attract a lot of big institutional capital. Everyone sees the FIAT currencies are falling apart, FED is printing too much paper and they declined to Congress to have their gold reserves audited (!).. So there is a strong need to find a solid monetary value retainer. BTC will ultimately suck tons of capital from the gold market. So HODL most, bro. We're still in the very early stages of adoption. As for alts - keep a close eye on IOTA. And get advice from someone with professional experience in managing funds, skilled in technical analysis and fundamental research. Maybe some trader to counsel. At this point you can outsource a percentage of the wealth management to other people, frees up your mind for other things.

As for the rest - first of all, as you're probably one of the earlies, congrats on achieving a few things at the same time: doing a good investment, exiting the rat race and helping in the blockchain/BTC revolt. As you probably realize, the real effect of BTC in a few decades will be putting corrupt banking middle-men out of business.. Decentralized financial system will be a good thing to have. So, thanks man.

Second - at this point, you have no need to work. Most people spend ~1/3 of their life sleeping, ~1/3 working and the last ~1/3 breaks down to daily chores, bits of friends and family life and TV.. You can salvage a lot of this time for something BIG. People here advised start-ups.. The ones which are really successful are the ones which make a solution to a real problem. Find a problem you'd like to solve. Find your itch. It has to bite you, be really your thing.

A lot of rich people get their egos fixated on some vicious loop, living on an autopilot and rarely questioning themselves. One thing that helped me was realizing I'm not the center of the universe, that family is more important than my egocentrism and it's my own responsibility to take care for the people around me. Someone has to. So the practice of being a bigger man became my life. I found my path, my purpose and my zen, as the Dude would call it..

If someone told me a few years ago I'd be doing what I'm doing now, I wouldn't believe, no way. When I was younger, I just wanted to do something which is exciting, useful for the society and pays off really damn well. Life went beyond my wildest expectations. I'll just say that science and AI are really good places to be.