Author: Editor

This Is Miraculous World

1 min read

Miraculous world but something was rotting on this planet!

Why I am saying this?

Two of the richest men in the world spent the day after day calling Bitcoin “rat poison,” “turds,” and “harvested baby brains.” Big investors Warren Buffett and Charlie Munger said these words trashing Bitcoin.

I still can’t recover from shock because of the Munger’s words!

C’mon man, “harvested baby brains?” That is really weird.

These two investors belong to old school and I usually squeeze a sarcastic smile on such words.

Also, I could say that two old men yell at Bitcoin.

But what pushed me up to mention them? The two of them, as well as most other investors who have gained wealth and manage large amounts of money, are aware that the New Age is coming and they realize their life’s work is in danger if Bitcoin succeeds. The true miraculous world is coming.

But let’s just ignore the vocabulary for a moment. What did they try to say to us? Finally, what did they say?
First of all, we don’t have any hope. That we did not deserve to hope and that real money belongs only to rich people. Yeah right! They are not stupid people, they recognize the philosophy of Bitcoin. They know it’s like a Social Contract, that accounting belongs to everyone owning Bitcoin. Nothing is hidden and it is available to everyone at any time.

Fiat maximalists are hilarious. I can’t lol this because I recognize that evil intention to keep the world’s wealth in the hands of several people.

They aren’t stupid, they own:
17.8% of American Express
13.1% of Moody’s Corporation
9.5% of Wells Fargo
6.7% of Bank of America
6.1% of Bank of NY Mellon Corp
5.3% of US Bancorp
Six of Berkshire Hathaway’s ten largest holdings are in legacy financial companies.

Further, they are intentionally trying to create FUD just to test the health of the crypto market before big money skyrockets BTC passed 10K.

Let me be clear.
I respect them for what they are but they should not hammer thing they do not understand. Their argument would have been far better received if they had used less juvenile insults. Unfortunate that such smart and successful folks disregard as childish (considering the language), the incredible technology that underpins Bitcoin and which empowers folks less fortunate to participate in a new order of exchange.

What can I say?

Old rich people are scared as hell!

And they have 92 Billion reasons why. Bitcoin is threatening their vested interest like never before.

And they sound like still use Nokia and have no idea about technology, don’t you think?

But one thing is important.

Bitcoin survived a battle with the titans of Wall Street! What does that mean for us who believe in the future of Bitcoin and other cryptocurrencies? More and more people realize that Bitcoin and cryptocurrencies are a direct and heavy threat to the “rich guy club” known as fiat banking. And that is marvelous!

On the end only we can say is: step back, this world belongs to all of us!

Risk Disclosure (read carefully!)

23rd June 2018
First Time In India – Trading In Bitcoin

3 min read

Bitcoin was popular in India before it came there. Then it became the most popular crypto in India.

But the Indian current Finance Minister, Arun Jaitley referring to the country’s budget for 2018-2019 in February this year, touched on crypto-themes and their usage in the country. More precisely, he said that “the government does not consider the cryptos of a legal and legal means of payment” and that legislators will take “all measures” to eliminate their use in criminal and illegitimate activities.

Media in India reported:

A prominent presenter on the main television channel, which watches over tens of millions of viewers, said: “Bitcoin will be banned. Criminals are illegal in India”, says Arun Jaitley on his Twitter account, which has more than a million followers.

Indian Reuters released a dramatic title “India promises to ban crypts,” pointing to “banning virtual currencies like bitcoins” by the Indian authorities.

This example was followed by the world’s media.

Contrary to the global media coverage of the Indian authorities and the alleged ban on bitcoins and other cryptos, India does not even prohibit cryptos or their trading on stock markets.

In an interview with the Indian state broadcaster Doordarshan after his presentation of the state budget, Jaitley was asked whether the government decided to prohibit cryptos, and he said: “We do not encourage people to use them at the moment.

There is a government commission that is considering this issue and it will announce its decisions and next steps after the problem are considered.”

There is no ban on bitcoin, we repeat, there is no ban! The fact is that there are no prohibitions.

In India, there are at least 15 bitcoin exchange forums, with the majority being set up over the past two years.

For the bitcoin industry in India, the job continues without major earthquakes. Sathvik Vishvanath, Executive Director of Unocoin, one of the largest bitcoin exchanges in India, said:

“We did not notice any change in the attitude of the government. We are pleased that the authorities are taking action against the unauthorized use of cryptos, but there is no reason for any panic. The bitcoin business continues with the usual flow in Unocoin.”

In Zebpay, which is another leading bitcoin exchange, they say: “When a significant platform such as the Union budget mentions cryptos, this means that this topic has matured and is seriously discussed. We welcome this positive development and see it as an important milestone on the road to clear policy and consumer education.”

The Indian Bitcoin industry and community are still substantially smaller compared to other countries in the Southeast Asia region. By hosting various Bitcoin-related events such as Blockchain Hackathons, Bitcoin could really explode in the economy of India.

India has a strictly regulated finance and banking sector

India has a tightly regulated finance and banking sector, so it is important to stress that bitcoin is not evil.

Indian Finance Minister, Arun Jaitley in his 5th and last full year budget before the general election, to be held in 2019, cleared up the government’s intentions regarding Bitcoin.

In India, bitcoins have been trading at more than Rs 10 lakh each, while people are investing amounts ranging from Rs 3,000 to several lakhs of rupees to buy bitcoins.

It’s not absolutely safe but the exchanges that are working in India are working according to government norms, following the same banking procedures as banks.

If government bans the crypto you will not lose the money in any situation.

Though RBI (Reserve Bank of India) has been issuing warnings asking investors to be cautious while dealing with cryptocurrencies (including bitcoin), there has been no clear communication about Bitcoin trading being illegal.

You would like to read: Indian stock market is worthy to invest

On the contrary, recently the IT department has indicated that profits from crypto trading will be taxable under the IT laws, and also conducted surveys (not raids) on the major crypto exchanges across India to verify if there were any tax evasion cases.

Further, if the Indian government wanted to ban cryptos, it would have done so long ago. Instead, the government took a wait and see approach, so India as an economy does not lose out on the opportunities arising from the cryptocurrency rally.

Bitcoin trading in India became popular

Many people in India have started buying and selling cryptocurrencies, a digital currency where encryption techniques are used to regulate the generation of units and verify the transfer of funds. These operate independently of a central bank. India has over one million Bitcoin users; the country accounts for almost 10 percent of the volume of trades in the world, according to some sources. Per a recent report by PHDCCI, combined trading volume in India could be in the range of Rs 200-250 crore per month.

In India, if we talk about Bitcoins, there is a no such law which prohibits the bitcoin mining and use of various cryptocurrencies in an easy and secure way. For many years bitcoin is already in use in India. Once mining is done one can easily send and receive bitcoins through a wallet without any third party involvement.

And more, you can buy Bitcoin online in India using bank transfer, debit card or internet banking. India has quite a few exchanges where you can buy and sell Bitcoin. Speaking honestly, bitcoins used to not be easily available in India and Indians can’t register or buy from the major exchanges like Coinbase hence there used to be a 7-12% markup on all the exchanges. But there are many other exchange platforms in India like Zebpay, Coinsecure, Unocoin or Koinex. Also, you can use a site called Bitcoin rates to compare the prices across the Indian exchanges above when you are buying or selling Bitcoin.

How to trade in Indian stock market and win in the markets?

In India, is a popular and direct purchase.

What does it mean? Instead of buying from an exchange you can buy Bitcoin in India from someone else and pay them directly. The main factor when it comes to buying bitcoin this way is the issue of trust.

If you are buying Bitcoin from your friend who already has them, it wouldn’t be that big of an issue, but take extreme care if you are buying from an individual especially over the internet. The seller will demand the payment first and you would ask for the transfer of Bitcoin. Services like escrow could be useful here.

And how you buy bitcoins in India, I would like to read your comment.

Who are the most successful investors in India?

Share your experience with others.

It can be helpful to all.

23rd June 2018
Most Common Mistakes Made By Beginners In Trading Cryptos

1 min read

Most common mistakes made by beginners in trading cryptos can lead you to a total disaster.

We would like you to avoid them, so read this post very carefully and with due diligence.

More and more people are beginning to show interest in trading cryptos. Although this is a positive development, there are some pitfalls to be watched by traders/novices. These common mistakes are quite serious and can relieve you of several thousand dollars in value of cryptos if you are not careful.

Do not use suspicious exchangers

One of the most common mistakes made by beginners in trading cryptos is every exchange is the same. Not every crypto exchange is designed to be used for all altcoins. Using a wrong currency exchange can lead to a refusal or omission of withdrawal or the trading market becomes inaccessible at the wrong time.

Always do your own research before you entrust your money to an unknown company because it can be difficult – if not impossible – to get it out again when things go wrong.

Buying a scam is one of the most common mistakes made by beginners in trading cryptos

The world of alternative cryptos is filled with many possibilities, however, it’s not all that it seems to be. Unfortunately, for novice traders, it is difficult to distinguish valuable and useless trading. You need to avoid any new coins until they show up well on the market.

Investors want to buy potentially profitable coins as soon and cheaper as possible. Entering at a later stage will reduce the chances of gaining huge profits.

There is a very nice point of balance between buying coins cheaper and investing in pump-and-dump (scum and drop) scams at the wrong time. Most retailer novices will experience another option even before they make their first big profit.

Decisions made in panic

Panic can be one of the worst motors for real trading. Markets are very volatile in the altcoin scene. There is nothing wrong with sometimes feeling the weight in your stomach, but panic should never determine how and when to trade. Many new traders allow their actions to be driven by panic and fear.

Compulsive trade one of the most common mistakes made by beginners in trading cryptos

It is strange that in a market where you can earn and lose in just a few seconds, there is also such a thing as “compulsive trading”, don’t you think? But it exists.

Too often trading during the day can be a major problem for beginners traders. They will make the wrong decisions and allow the panic to be the driver of their decisions. Market monitoring is absolutely necessary, but it doesn’t necessarily have to jump at any time when it appears. It’s hard to learn the trading style from the first day.

But here is a guide for beginners that may help you
Errors will have to occur until you find a rhythm that suits your needs.

Fingers to too many places at once

Given the vast array of different types of altcoins that can be bought and traded through popular exchangers, diversification is a good idea.

The best advice is to start with small amounts of one or two coins that look legitimate and potentially profitable. As you gain more and more experience, it is still possible to further diversify your portfolio and trade more crypto.

This should help you to avoid the most common mistakes made by beginners in trading cryptos.

And you know the main rule? Invest only as much as you can lose.

Also, maybe you would like to read more about what to do while trading crypto and avoid the most common mistakes made by beginners in trading cryptos. We suggest you THIS

If you find that someone is interested to read this feel free to share.

23rd June 2018
How To Trade Crypto And Stocks / Forex

Basically, it is the same but with some differences. In this post, you’ll find all about them.

By Guy Avtalyon

How to trade crypto, stocks, or forex? It is similar but at the same time different from other trades, for example, stocks or forex. At first, we have to define the difference between crypto and Forex or stock trading because you have to have theoretical knowledge.

What is crypto trading

Crypto trading is simply the exchange of cryptocurrencies. Just like in Forex. In crypto trading, you are buying and selling a cryptocurrency for another. It’s the same as you buy Bitcoin or altcoin for USD and Euro.

What is the Forex market

Forex, also known as FX, or currency market is where you can trade currencies. The forex market isn’t centralized. It is, also, OTC or over-the-counter market. Here you can buy, sell, or exchange currencies at determined or current prices. So, it operates like any other market.

What is stocks trading

In short, it is the buying and selling of company stock – or derivative products based on company stock – in the hope of making a profit.
Let’s go further!

How to trade crypto

Honestly, all of these types of investments are risky. Crypto gives greater growth than stocks or forex.

You all know all about the Bitcoin. Well, Bitcoin isn’t the only digital currency that you can trade on the market. It is really the first and most popular one and is the real digital gold in the industry. The most important part behind cryptocurrencies is the technology that holds a large part of their value. The technology is what provides a safe way to identify a transaction and, also, the way to transfer currency or fiat money in exchange.

If you want to trade crypto you need as first:

1) A cryptocurrency wallet (or two).
2) An exchange or platform to trade on.
3) By using a bank account (find more HERE)

There are only a few things, but important, you have to know about trading cryptocurrency.

Trading cryptocurrency is simple to start, but there are some essential aspects to understand before you start trading and this is basic friendly advice to mull over, not professional investment advice.

I’ll explain an example of Bitcoin.

How to trade crypto

Firstly, you’ll have to buy the underlying asset from an exchange or online broker.

If you want to protect your Bitcoin, you must have underlying. That’s the best way. However, you’ll have to take some reasonable steps to reduce the risk of Bitcoin stealing and loss of private keys. The steps are simply a diversification of holdings across different wallets/storage types. Keep in mind that you’ll need two-factor authentication and strong passwords.

Further, you can trade a CFDs derivative and hold a cash margin.
If you want to trade on Bitcoin for a short or medium period find, use an online forex broker that will provide you 24-hour trading. Also, ask for the potentially lower margins, and also, the ability to go long or short. Choosing the right broker is very important. Your broker has to provide you the best trading tools and favorable commission rates.

It is always smarter to buy a publicly listed security linked to Bitcoin and hold that shares with an online broker.

Stock investors, investing in Bitcoin through listed security, for example, ETF or ETP, could be suitable. Especially for investors that prefer taking a passive position. More active traders might notice that the limited trading hours and possible lack of volume are limiting factors. That could limit their trading indeed.

Overall, using listed securities that invest, track, or hold Bitcoin can be a viable alternative to diversify away from the risks of margin trading or safeguarding private keys when buying the underlying.

How to trade forex

You can trade currency based on what you think its value is, if you think a currency will increase in value, you can buy it. If you think it will decline, just sell it.
In forex trading, you’re betting on the value of one currency against another.
For example, EUR/USD, which is the most-traded currency pair in the world.
EUR as the first in the pair is the base currency, while USD, as the second, is the counter. Read more HERE

When you see a quoted price, that shows how’s much one euro worth in US dollars. Also, you’ll always see two prices. That is because one is the buy price and the other is the sale price. The difference between these two prices is the spread.
When you choose to buy or sell, you are actually buying or selling the first currency in the pair.
If you think the Euro will rise in value against the dollar, you buy EUR / USD. And vice versa, if you believe the Euro will drop, you sell EUR/USD.

If prices are quoted to the hundredths of cents, how can you see any return on your investment when you trade forex?
Leverage!
When you trade forex you’re borrowing the first currency in the pair to buy or sell the second currency.
To trade with leverage, you just set aside the necessary margin for your trade size. If you’re trading 200:1 leverage, for example, you can trade $2,000 in the market while only setting aside $10 in the margin in your trading account. Still, leverage will not just increase your profit potential. It can also increase your losses. If you are new to forex, you should always start trading with lower leverage ratios, until you feel comfortable in the market.

How to trade stocks

Stock markets are places where buyers and sellers of shares meet and decide on a price to trade.

It is important to know that the corporations listed on stock markets do not buy and sell their own shares on a regular basis. You have to know that you\re not buying shares from the company, you are buying it from some other shareholder.

There are many stock exchanges, many of which are linked together electronically which means markets are more efficient.

The prices of shares on a stock are established through an auction process

The prices of shares on a stock market can be set in a number of ways, but most of the most common way is through an auction process where buyers and sellers place bids and offer to buy or sell. A bid is a price at which somebody wishes to buy, and an offer (or ask) is the price at which somebody wishes to sell.

When the bid and ask coincide, a trade is made. If there are many buyers and sellers at higher and lower prices, we say the market has good depth. Stocks are quoted by their ticker symbol, represented by between one and four capital letters, which are often loosely representative of the company name.

Market orders are simply orders that direct your broker to buy or sell shares at the best possible price. A market order doesn’t guarantee the price, but it does ensure that you’ll get the number of shares you require. When an order is completed, it is said to be filled.

Stop orders are contingent on a certain price level being attained to activate the trade and your trade will be executed only when what you want to buy or sell reaches a particular price.

If you understand how the financial markets are structured you can use the same skill and experience to profit in all three.

It’s the same, you buy low and sell high against the crowd. There is no difference.

23rd June 2018
How To Follow Trading Portfolio?
There you are! You are a proud owner of crypto or stock and have a trading portfolio! So, what is the next step?

By Guy Avtalyon

How to follow your trading portfolio? Let me remind you! Without clear goals, there won’t be any way to really measure your success.

A great, one-time win can look good, but this is not necessarily a barometer for your overall trading success. This can lead you to delusion very easily.

The most important is to have a set of rules to manage any possible scenario. Even more important, you must also have the discipline to follow these rules.

This means you MUST follow the trading portfolio.

How to follow a trading portfolio

Never, but remember NEVER in the heat of battle throw out your own rules and not play by ear. That usually finishes with disastrous results.

Did you ever ask yourself how professional traders see the market differently?

So, what exactly you have to do?
1. Do not create excuses to break the rules.
2. Separate your planning from your execution.
3. Lower your losses according to the plan.
4. Always make your profits run according to plan.
5. Skip your emotions.
6. Focus on trading well.
7. Be patient. Do not rush with trade.
8. Predict the future, but trade in the present.
These are just general rules for each trading.

But truth is that you bought a billion altcoins and got yourself into a thousand ICO’s and now you’re not even sure how much money you have.

Is that correct?

So, you need a system to follow a trading portfolio in real-time, on many platforms. There are plenty of free trading platforms you can use easily. You need one reliable with auto sync with exchanges and wallets and with the ability to add tax.

And fast too.

And you are on the non-technical side and know nothing about trading but you are a bitcoin and cryptocurrency enthusiast.

Most of all, you are the owner, for God’s sake! 🙂

Now, when the money on crypto started getting real you definitely have to treat it as an investment and keep track of its performance.

You need software!

What is the simplest way to follow a trading portfolio?

The simplest way is to choose one of the platforms to follow the portfolio. But even if you are using some software you MUST have something on your mind when trading questions.

You are not a kid and you know that you can expect losses.
Losses are part of trading you have to accept them. If you have this on your mind, you will reduce emotional resistance when the time comes to do so.

Do not take a trade unless you are willing to accept the risk that accompanies the trade, and it is the possibility of loss.

Accept that you will lose money on some trades and try to take your losses easily when they come.

That is the rule. But remember, don’t bend your rules! Stay stick to your portfolio!

Of course only if your goals are realistic.

Goals demands to be specific and they need to be achievable. Not just once, but consistently. When you think of goals, think long-term. That requires a certain level of patience that only comes with strong discipline. Once you have a long-term goal, you need a timeframe for its achievement.

Avoid emotional trading

You have to manage your emotions. When you have some doubts or you are unsure, get out! Never act based on greed or fear. But never give up!

Do not expect to become an expert overnight! Trading takes time to build experience! I repeat! The best way to follow your trading portfolio is to use some of the advanced software and platforms.

And it is smart to use Google Sheets.

This online spreadsheet application is on a list of cryptocurrency portfolio trackers because it is one of the most versatile and customizable tools for cryptocurrency analytics. You can do what you want with it, to whichever extent you want.

If you’re only tracking Bitcoin, simply set up a sheet with the GOOGLE FINANCE ticker. That’s how you will update BTC prices in a number of currencies instantly. Also, you can download one of the many available Google Sheets plugins which give you access to a plethora of cryptocurrency prices in real-time. The most popular one is Cryptofinance.

Keep records of your trades and thought process, analyze your mistakes, then move on. But be a good student, don’t make the same mistake again.

Improve yourself continuously. “Success consists of going from failure to failure without loss of enthusiasm,” said Winston Churchill.
23rd June 2018
Small Crypto Dictionary – The Words You Never Heard

How did I decide to write this crypto dictionary?

By Guy Avtalyon

The Small Crypto dictionary is a necessity and you will see why.

It was like this.

One day I decided I would become a cryptocurrency trader. Well, it was more of my wish than a decision, actually.

“How do I start trading crypto? Is there a dictionary??” – And didn’t find one…

Anyway, my first thought was that it is necessary to know the terminology in order to communicate and understand what other people talk about.

Therefore I joined a trading chat room.

Frankly, I joined a lot of trading chat rooms. I wandered from one to the other trying to understand what these people are telling at all. I was not able to understand any of their conversations. The people inside were using jargons and terminologies that I had not ever heard in my life.

And it is completely true! If you are new to Bitcoin and the cryptocurrencies, you may not know what any of these words mean.

You recognize this situation, do you?

The misspellings are not as you might think

You must have noticed people misspelling “HOLD” as “HODL” even when they have an auto-correct feature on their phones or computers. Have you?

This was my first unknown word. Like I heard for the first time in my life word NUKELAR instead of NUCLEAR.

OK, I was laughing then, but crypto is a serious field. Hence, I took it as a serious field.

The point is that in these crypto communities, offline or online, a new breed of lingo has developed. If you don’t know these jargons, you might feel left out and more than a bit puzzled.

Honestly, I was.

That’s why I want to get to know you with these new words and clarify their meaning.

HODL (wtf)

I read the sentence “I AM HODLING” on some forum.

Well, what happened to this man, I don’t know. Maybe he was angry that the price of Bitcoin had fallen, I do not know. Maybe he was drunk too. But since then, this misspelled term became very popular in the Bitcoin and cryptocurrency world.

Basically, “HODL” was originally a typo which has now popularly earned the status of a humorous backronym:

“HODL” – “Hold on for dear life”

When someone says that he/she is hodling or suggests to hodl, it means that they believe their coin will be profitable one day, even if is not today.

And you’ve probably seen some other jargon that you don’t know the meaning.

Small crypto dictionary for some common crypto-terms:

* FOMO – Fear of missing out. Wiki definition is – A pervasive apprehension that others might be having rewarding experiences from which one is absent.
* BEAR – This means a trader/investor who believes the prices of a particular cryptocurrency or market will fall and wants to profit from that fall.
* ATH – All time high. This means that the price of a certain cryptocurrency or coin has broken all of its past records and is trading at the highest price it has ever achieved.
* WHALE – Term borrowed from gamblers. It means a trader with a fat account, one who thinks the market will rise on the price of any specific cryptocurrency. These people are also referred to as bullish whales.

* BEARWHALE – Trader with a fat account who is bearish on the price of a cryptocurrency.
* BAGHODLER – Investor or a trader who has been holding (or hodling) for too long on a particular cryptocurrency and now has to face the consequences of that decision.
* REKT – Misspelling of “wrecked”. This means a trader or investor who is completely ruined and destroyed with losses from the current downfall of a price.
* TO THE MOON – The price of some coin will one day go to the moon!
* ADDY – Cryptocurrency public address (or key). For example: “Tell me your ADDY.”
* FUD – Fear, uncertainty, and doubt.
* CHOYNA – A intentionally distorted way of referring to China.
* SHITCOIN – A coin with no potential value
* SHORT – Margin bear position
* LONG – Margin bull position

Strange terms in the crypto dictionary

* SWING – Zig-zag price movement (ups and downs)
* REVERSE INDICATOR – someone who never nail price movements, always wrong predictions
* PUMP – Upward price movement
* DUMPING – Downward price movement
* OTC – Over the counter
* DUMP – To sell off a coin
* BTFD – Buy The Fucking Dip (meaning buy a coin when it has dumped so hard)
* ASHDRAKED – A situation where someone lost all money
* DILDO – Long green or red candles on graphics
* ALTCOIN – Any cryptocurrency which is not Bitcoin

These are some of the jargon I’ve found on forums and chat rooms. Also, it was pretty funny when I saw new jargon on the internet and I had a lot of fun to find out the meaning of those words. That’s why I wrote this crypto dictionary.

For more check Trading dictionary

Well, if you find some new, let me know. OK?

23rd June 2018
Freedom or Utopia? Leftist Or Left-leaning?

3 min read

Freedom or utopia, what is Bitcoin?

Freedom or utopia, fraud or bubble, you could hear that so many times.

It was one of the worst months for stock markets. In one of its articles, CNN called that month “Red October”. The global economic crisis was in full swing. Right at the end of that month, October 31, 2008, a document titled “Bitcoin: A Peer-to-Peer Electronic Cash System” appeared on the internet, which on the eight sides briefly describes an entirely new type of money – Bitcoin.

The origin of this document is covered with a veil of mystery. Some think that its creator deliberately waited for the existing financial system to fall into a deep crisis so that people would be more open to the alternative offered by him. Others think that the phenomenon of appearance is just in the midst of a financial crisis is just a coincidence.

The only man who could solve this mystery, his creator, is himself quite mysterious. It is represented as Satoshi Nakamoto, but his real identity, as well as his location, stayed unknown, despite many attempts to discover who is behind the Bitcoin. Irrelevant. “Behind it” is only open and accessible to all program code.

Bitcoin is a recipe, an idea, an algorithm. Freedom, not utopia.

Freedom or utopia? It’s not a legal entity. So many qualifications, worse after a bad one. Is it important who actually was Pythagoras? Francis Bacon? William Shakespeare?

The currency was created on January 2009, but in the first 16 months of its existence, nothing was actually paid with Bitcoins. Only on May 22, 2010, for the first time, something tangible was paid by Bitcoin. Specifically, Mr. Laslo paid 10,000 bucks for two pizzas that day.

Since then, the Bitcoin community has been celebrating May 22 as “Bitcoin’s Pizza Day“. The big question is how much Laslo himself is for celebrating. He became part of the battle of history, but this entry in history cost him a lot. Those 10,000 Bitcoins at the time of writing this article worth more than $65 millions!

After 9 years we are speaking about the social and political importance of Bitcoin.

As a form of money, Bitcoin should be viewed in the context of changes in the global monetary landscape of Bretton Woods in the early 1970s. Since then, it has been increasingly difficult to manage national currencies, given the incredible growth of financial instruments produced by banks and other complex financial institutions operating in a global environment.

These are the events Susan Strange spoke about in books, such as Casino Capitalism (1986), and Mad Money: When Markets Outgrow Governments (1998). She warned that the states, as a rule through central banks, were increasingly unable to control the circulation of funds by instruments that were specifically developed to deal with the risks that arose when the same countries abandoned the exchange rate control.

Money, which she viewed through the classic definition of Georg Simmel as a “social deal”, was endangered by a series of sophisticated financial instruments designed to control global risks. It seems that many of these new instruments, such as derivatives, act in their own way as forms of money. In the revolutionary book Capitalism With Derivatives, Dick Bryan and Michael Rafferty later argued that derivatives were “a new type of money that now becomes an anchor to the global financial system.“

One cryptocurrency, such as Bitcoin, offers answers to many types of reviews of the monetary system as it is now configured – although the answers do not go in the same direction as criticism. Knowing all reasons that support Bitcoin, there are intriguing and obvious opposite political and ideological alliances around the cryptocurrency in general. That’s where the question Freedom or Utopia arise.

IT BECOME TOO EXPENSIVE. ONLY RICH CAN AFFORD.

Money with two decimals is only a historical consequence. It’s not a natural law that money must have only two decimals. Bitcoin is split into a hundred million parts. You can buy, for example, a thousand pieces of coin for 15 euros or dollars. Less than 1% of people on the planet can have more than one Bitcoin.

AND THEN WHAT? WAITING FOR IT TO GROW, THEN TO SELL?

Not. You have a chance that your old man did not have. To save something that no single dictator can deny you, a taxpayer or a perpetrator will be seized, the banking officer will refuse, forward it. Every day there is an ever-increasing and widespread payment facility. Wait till we’re exchanging parts of bitcoins at a local flea market.

THIS IS A BUBBLE!

Then pop it!

Bitcoin has had 4 bubbles so far.

The first was July 2010, when he jumped from $ 0.008 to $ 0.08.

The other was the “Big Bubble 2011”, from $ 0.06 to $ 31, then dropped to $ 5.

The third was in April 2013, from $ 20 to $ 280, when Cypriot banks rescued floating client deposits.

The fourth was a major crisis of the MtGox Stock Exchange in November 2013 when it jumped from $ 70 to $ 1,200, and a few months later it fell to $ 200.

Bitcoin is, of course, now in the bubble, which is called the only freely unregulated market in the world. The multi-year trend of growth of Bitcoin values follows Metcalfe’s law on the value of the network. But on a small scale, this value is very volatile, as networks grow in bouts, and on each of them there is a struggle of fear and greed and a new disclosure of a fair price. Do not forget Keynes’s investment advice: “The market can remain irrational longer than you can remain solvent“.

COUNTRIES WILL NOT ALLOW THIS GAME TO PLAY

This argument more testifies to the inferiority of the one who pronounces it than about the power of governments. Here is a list of some state bans so far: the printing press, free elections, power-sharing, stripes, alcohol, sucrose, gramophone, gold, homosexuality, marijuana, pornography.

So, will we really need to talk about Freedom or Utopia? Now, after all?

Only the governments and the banking cartel can try to morally outline the idea in the hope that most of us will believe: terrorism, pedophilia and, of course, the favorite oppressive law, the successor to Socrates‘ defect of youth, his predicate highness: money laundering.

But, without most of us, these are just paper dragons. Don’t forget the first lesson about an enlightened man from the Renaissance period: You are not the object of history, you are the subject that changes it.

When in 2000, Lars Ulrich ( Metallica) was tearful in front of the Senate Board for his intellectual property in the Napster case, a coder called as an expert, warned the US government: “Forbid Napster, and something more horrible will appear.”

They turned it off.

And that same month, they received a BitTorrent protocol, which today is, among other things, an inevitable part of the Bitcoin protocol.

For, as Victor Hugo said, “No army can stop an idea whose time has come.”

Attempting to ban Bitcoin is just as an attempt to ban swearing or a word for dots.
Bitcoin isn’t utopia, it is freedom.

Do you agree?

23rd June 2018
Financial Freedom – Viva La Crypto!

2 min read

The cryptocurrency revolution is financial freedom and independence

The religious wake up in the morning and thank God they are alive.

Unlike them, I wake up and thank the internet for the generous bounty it has given us. I do this not to be intentionally sacrilegious, rather because more than anything else, I believe in the Digital Redemption and the hope it brings humanity.

And while I absolutely love my friends Wikipedia, Facebook, Amazon, Reddit, and my sexy late-night mistresses Netflix and YouTube, it is none of them who have granted me such faith.

It is because I have seen the Sign, the crypto.

Do understand, what we are witnessing in our lifetimes is the first peep of sunlight in a bright new era of freedom and unlimited access. What a time to be alive, isn’t it?

To me, the Sign is as clear as day and I’m of course referring to the cryptocurrency revolution.

Financial freedom is the appearance of the crypto

In a WSJ Op-Ed written in late November 2017, FCC Chairman Ajit Pai said the Internet is literally “the greatest free-market success story in history” and (Great Scott!) does this resonate with me.

So far, the digital revolution has laid the groundwork to exchange information, goods, and services globally and freely which has empowered billions by granting them access to what anyone needs to succeed: access and opportunity.

Unadulterated, uncensored freedom.

By all logic, cryptocurrency IS the final piece of the free-market puzzle.

Bitcoin and other currencies are the keys to create true economic equality by creating a decentralized currency free of government control thus empowering the little guy.

Power to the people, certainly. That is financial freedom.

Just think, the heavenly Cloud opens up will lead to her people and create the Promised Land right here on our planet, where Earth used to be.

Just like the proverbial battle between good and evil, I too hear about how the governing institutions of old are trying to block out the impending sunrise by stealing users’ personal information for political and financial gain and by dangerously bringing into question net-neutral access to the World Wide Web.

I know that it’s only a matter of time before we, as collective humanity, liberate ourselves from the towel covered birdcage we find ourselves in and come into the light.

This is why I smile every time I turn on my laptop and see my stake in various cryptocurrencies or articles on the subject.

The economic revolution has already begun its course and I get to be a part of it.

What’s my point?

I am by no means endorsing switching entirely to crypto and abandoning investment in other types of assets. Forex, ETFs, mutual funds and other investment are good products for the time being in the reality of our world’s economy.

All I am saying is that by building a portfolio and COMPLETELY ignoring cryptocurrency, it’s like you’re trying to get on the expressway in a Ford Model T.

Sure the car’s got a reputation, four wheels, and an engine but, man, are you going to look stupid when it eventually breaks down on the side of the highway or knocked off the road by someone in a Prius who was texting.

Financial freedom is the revelation of more possibilities

Understanding and investing in crypto is how I plan on being a part of the economic revolution. I implore you, my dear reader, for your own sake, learn as much as you can about crypto and don’t laugh it off as a passing fad because it is not going away any time soon.

The economic revolution is afoot and you can either be a part of it or get left on the side of the highway feeling dumb.

Up to you!

Read this too MONETIZING BITCOIN – THE TECHNOLOGY BEHIND BITCOIN AND ITS USES

Risk Disclosure (read carefully!)

22nd June 2018