Rich folks ruin everything...(even civil rights leaders)

Bitcoin was started by libertarians and cyper-punks. It's just like Dr. King. He went from radical in life to mainstream in death. Know this, when he was alive he was hated by many people. And yet most of these same hater conservative folks that voted against his holiday are more than happy to turn out and give a watered down speech on MLK day about the same "diversity" they voted against. They took him over, sanitized him and made him ready for prime time. This is exactly what is happening with the cryptocurrency markets!

$40, 000 for 1 Bitcoin?. What's happening? It's called FOMO (Fear of Missing Out). FOMO types haven't reasearch and they have no real understanding about what this crypto phenomena is all about. This parabolic bull market is fueled by institutional buyers (fund managers dipping their toe in with a 1 or 2 percent Bitcoin investment allocation), whales (individual really rich people(billionaires) jumping in the deep end butt neckit and some of the enlightened mainstream (That's you). This price $40K it will dump, maybe even all the way back to 20K (which would be a good thing for us poor folks, cuz we'll have an opportunity to increase our holdings.) Why will it happen? Why must this price correction occur?

Forget about Bitcoin, all commodities trade and go through specific cycles and these cycles are mathematically predictable. Put simply, it's pump, dump, and then consolidation. And this cycle repeats as each all time high is touched and retouched enough times to become the new base level. A complete crash where is falls to zero is impossible. It's not a bubble. The top 2 market cap currencies, Bitcoin and Ether are as solid an investment as Real Estate. Why? 15% of all the folks in the US hold crypto currency.That's a big numnber, it's not goin away.

Understand, the inherent value of Bitcoin is in the network, the community, and the developer community that maintains and evolves the code. You can see them! You can count them. You can google their bio's and qualifications. They are on the open source platform called GitHub working away for free or donations. (some of the smartest people in the world that can work anywhere they want for FAT coder $$$, but they choose to devote some of their time to this project called Bitcoin or Ethereum. Volunteers??? Yeah....) you can't buy that! Just like the Linux OS you can't buy that either, it's free, but still better than Windows which cost money!! Go figure?

There is a herd mentality. So once the selling starts all these new bitcoin investors people will, in kind, sell. They don't even understand why they bought it in the 1st place. They just want a short term gain. They are FOMO types. I have talked to people that think when BTC is over 5 to 10 million a coin in 5 to 10 years that the plan is to sell it and get some dollars again. Why? NO NO NO...Dummy Dummy Big Dummy WTF????? I am buying crypto using an investment technique called dollar cost averaging(DCA). To buy at an average price over time I make regular purchases with every paycheck regardless of the price. Each time I pay a small transaction fee. Most of these purchases are between $50 - $200. Why would I pay all those transaction fees, 2 times a month, to get this highly prized currency so that when it goes up 100x I can trade it back for some shit dollars. That's what I'm trying to get away from!! They can give out a $600,000 stimulus check to everyone in the country! But when you go to the store and buy a beer and a pack of cigarettes it's gonna cost $250!!! The more dollars printed. The less they are worth. And right now they are printing them like crazy!!!

There will only ever be 21 million Bitcoins. Presently, I don't even own a whole coin. Eventually I will. Now that 21 million club of folks that have at least 1 coin (or a half or a quarter), will be a very exclusive club that I guarantee you will want to be a member of. Well the memberships are selling right now at a discount!! Even at 40K it's still a bargain.. Do this: make a fraction with 21 million on top and the world population on the bottom. here: 21million/7,800,000,000. . Reduce it and you see with just 1 one coin you'll be the 7 smart people out of the 2600 dummies who have just a little bit or none.

Us buy and hold types are called hoddlers. We take small profits during the pump( 5- 10%). I learned that from this youtuber who jokes around a lot but is a very gifted technical analyst. This guy, I think he's right like 98% of the time because him and his other Youtube crypto-influencer buddies are actually influencing the market with their predictions and forecast. Check him out here:https://www.youtube.com/c/IvanonTech

When Bitcoin started about 11 years ago. I was there. I purchased my 1st Bitcoin for $11. I wasn't investing. No I'm not that smart. I'm a musician and ocassionaly before a gig I need an attitude adjustment to get real creative...yeah at the time I was buying Bitcoin @ $11 a coin in order to purchase drugs on the Silk Road (google this if you don't know what it is). I even lost 2 coins because I lost my credentials, I didn't even know what I should have saved.(The private key, the matching public key and the wallet backup json data)

So you can FOMO in and run when the correction occurs (and it will). Or you can get in for the long term, (you won't get rich quick) Buy and hold , buy when it's high, buy when it's low, DCA!Use my link and start a Coinbase account. They will give you free crypto with their "learn to earn" feature. Why? Because some will buy more. But even those that don't add additional funds to their Coinbase account will still increase the value of BTC because with every wallet download with every BTC purchase sent to a newly created BTC address the network grows!! That's why cryptoers give away small amounts of coin all the time!!It makes their holdings worth more!! So go get this free money. Do your own research! Secure your credentials! I wish I could go back in time to the 40's and play jazz with the greats, or go back to the 60's when you could be Janitor and buy a house and support a stay at home wife! Those times are gone. We missed that. Don't miss this. This is history in the making! Click my link and get started today!

https://coinbase.com/earn/xlm/invite/vhcfps4m

Disclaimer: Professionally I am a pianist/musician/entertainer, I have no expertise or qualification in finance, banking or investing, so everything I write in this blog and anywhere else online and say in my public speaking engagements is solely for entertainment and education. Please do your own research and invest your money in what you fully understand, knowing that crypto markets and crypto currency is a very volatile market and you could lose everything. So my advice is to never invest more than you can afford to lose..