Rank: Elder Joined: 6/23/2009 Posts: 14,222 Location: nairobi
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obiero wrote:Mukiri wrote:obiero wrote:rwitre wrote:Hello here,
Young at heart, dipped a toe in Bitcoin in the last quarter of 2017. Been a wild ride.
Lessons learnt: -Unless you're a trader, following day prices can give you ulcers -As an asset, gains are solely based on whether there will be a person willing to buy it from you at a higher price. -As a currency, adoption looks promising, with lightning network solving scaling and fee issues.
With Keynasian economics, millennials are looking beyond traditional wealth holdings (gold/units/reits/bills & bonds) for some of their capital; they are more willing to take on risky items like bitcoin. Antiestablishment wave and politicians crippling their countries' economies is also encouraging a flight to safety, where your holdings can enable you to stay afloat...like insurance in case your government's actions devalue your salary and bank savings. cc Greece, Zimambwe, Venezuela, and soon our 254 (hope not)
So with that, I dip my second toe and load up more BTC. It may pay my dowry 😂
PS...those thousands of other cryptocurrencies have their backers, critics, naysayers and diehards...plenty of scams out there too. Am sure there are some precious tokens, but don't have the incentive to dig through the noise.
May crash and burn....but what is life without the risks?
Also happy to join Wazua. Mambo ya stocks nitaongea kwa respective threads. Karibu wazua na uuze hio takataka inaitwa Bitcoin. Risk and insanity should be distinguished Welcome @Rwitre. Its always good to have a breathe of fresh air at look at things from a new angle. Please feel free to share your insights. If there's anything I learnt, there is no monopoly of knowledge in Crypto. I feel your pain, if you are a hodler who checked in late last year... Baptism by fire. A good thing, if you ask me. Never mind @Obiero. He keeps us from getting too cocky. You'll find that he's an asset, whereby when he's making the most noise, you know its time to load up Hate speech! :) I repeat. Risk and insanity must be distinguished KQ ABP 4.26
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