I get the feeling when I watch the financial new these days, and when I see my friends talk to other people in the restaurant about there new experiences with bitcoin. One of the best things about bitcoin, is how it is an investment, yes it might be high risk, and YES it is exciting!
When you money doubles in 6 months it is great feeling', quality fun. It's hard to find an investment like this that is accessible to the masses, Bitcoin is. The price can go down too, you've got to be prepared for maybe 20% in a day, it can be shock, it makes you feel compelled to check on it regularly, it is all part of the intriguing drama. It is in this way that Bitcoin fills a serious savings niche.
Its become apparent that this niche is not so small. It's the a gap between straight up gambling in a casino, conservative savings accounts and putting gold in a safe. Its the middle class cash and what is becoming clear is that this is where most people are these days.
You might have money in some super fund doing nothing and boring you to death. If your in New Zealand, you might be unhappy to hear about how these funds have been investing in al sorts of unsavoury things and illegal thing. Nevertheless the money sits there in a kind of unhappy de-facto relationship. Most people don't have enough money to have shares or become angle investors in some highly lucrative exciting business like what Uber once was. Smaller online share services tend to have high fees and predatory tactics. Traditional brokers don't want to talk to you unless you have $25K to blow.
So when your saving for a house, a new car or a holiday, you just put your money in the bank and its even more totally boring (that is unless your bank goes bust). Instead you could put it in Bitcoin? If you had done that in the last six months you could have doubled your money! Beats zero interest. Not only that, but when you go on the holiday, you won't have to pay as many currency conversion charges!
If you have some spare money and you feel the need to make it big, if your one of the many unfortunate gabling addicts, instead of going to the casino why not just buy some bitcoin. Then you get a little bit of a fix, everyday! Even when the price of Bitcoin goes down it is a little fun to own, because you know that tomorrow you could hit the jackpot. It's like holding your hand for the next deal.
So as over the year bitcoiners, myself included, have been expelling energy convincing people of the soundness of the investment and of how volatility wasn't so intense and that it will recede with time. We come to the realisation that all the excitement is actually a good thing. Who wants a boring immoral elitist investment when you can have a wild one from accessible yet underground counterculture. Something more personalised to your way of thinking and your sense of life.
When you money doubles in 6 months it is great feeling', quality fun. It's hard to find an investment like this that is accessible to the masses, Bitcoin is. The price can go down too, you've got to be prepared for maybe 20% in a day, it can be shock, it makes you feel compelled to check on it regularly, it is all part of the intriguing drama. It is in this way that Bitcoin fills a serious savings niche.
Its become apparent that this niche is not so small. It's the a gap between straight up gambling in a casino, conservative savings accounts and putting gold in a safe. Its the middle class cash and what is becoming clear is that this is where most people are these days.
You might have money in some super fund doing nothing and boring you to death. If your in New Zealand, you might be unhappy to hear about how these funds have been investing in al sorts of unsavoury things and illegal thing. Nevertheless the money sits there in a kind of unhappy de-facto relationship. Most people don't have enough money to have shares or become angle investors in some highly lucrative exciting business like what Uber once was. Smaller online share services tend to have high fees and predatory tactics. Traditional brokers don't want to talk to you unless you have $25K to blow.
So when your saving for a house, a new car or a holiday, you just put your money in the bank and its even more totally boring (that is unless your bank goes bust). Instead you could put it in Bitcoin? If you had done that in the last six months you could have doubled your money! Beats zero interest. Not only that, but when you go on the holiday, you won't have to pay as many currency conversion charges!
If you have some spare money and you feel the need to make it big, if your one of the many unfortunate gabling addicts, instead of going to the casino why not just buy some bitcoin. Then you get a little bit of a fix, everyday! Even when the price of Bitcoin goes down it is a little fun to own, because you know that tomorrow you could hit the jackpot. It's like holding your hand for the next deal.
So as over the year bitcoiners, myself included, have been expelling energy convincing people of the soundness of the investment and of how volatility wasn't so intense and that it will recede with time. We come to the realisation that all the excitement is actually a good thing. Who wants a boring immoral elitist investment when you can have a wild one from accessible yet underground counterculture. Something more personalised to your way of thinking and your sense of life.
This comment has been removed by a blog administrator.
ReplyDelete