1000 hours of Crypto currencies and my take on it so far.

Since September 2019 i have read, watched, traded, bought, leveraged, sold, dreamt and played with Crypto over the collective sum of 1000 hours.

I first got into the world of Crypto in 2015. I had signed up to a mining site many moons ago, did a bit of reading but got cold feet, the tech and news at the time confused and scared me. I quickly forgot about Crypto until late 2017, like i'm sure a few others did. Looking back now i clearly missed out, but i'm not sure i would have had the sense or even maturity to understand fully what i was doing anyway. Not because of my age, but just because of where i was in life at the time. Then in mid 2018 i looked at it again, to buy things, certain kinds of things. But quickly forgetting about it once again.

But why 2019? And why the huge obsession over such little time? I'm not entirely sure, maybe it was the fact that prior to Crypto currency i was doing a lot of research into philosophy, altruism and philanthropy. After all, bitcoin does seem to have some of those elements at its core.

Since i really started to research, I’ve caught up with all the recent and past events, slowly cost averaging my way in, learning about TA and price action, but not before getting stung a few times in leverage trading...even after reading a couple of TA books on how to trade. I mostly stick to dip buying now, setting limit buys at ranges that are attractive to me with the fiat i have available. After all, i'm interested in making some extra fiat, so why not use the volatility to my advantage?

That last sentence may come as a slight nerve pincher to a few people reading it. Yes, fiat. That over printed asset. Why do i want extra fiat not Sats'? Because i want to buy a house. Because i need to diversify my portfolio. Because we still all operate in fiat. Yes its garbage, hot hot steaming garbage. But the rest of the developed world doesn’t know that, and while the Crypto moon boys of past, present and future insist on pushing certain narratives and ideals, the rest of the world still exchanges daily in fiat none the wiser to the superior currency that is available.

Now, I am both lucky (keeps me grounded) and annoyed (take me to the moon!) to be working daily with a bunch of normies/no coiners and on a number of occasions been talking with a colleague, who is also into Crypto, only to be interrupted by someone who knows very little about the space and who proceeds to attempt to enforce certain narratives that “they heard”. My problem isn’t with that misinformed narrative, that happens everywhere and with everything. My problem is that i cant understand how this entire space can ever gain any meaningful traction in the normal world when the education or tools to learn aren’t there. Crypto just doesn’t receive the exposure that it needs, one episode of the Simpsons doesn’t cut it.

Sure, maybe we don’t need it, price alone will take us to new highs, new frontiers, new developments and “institutional money” will save us. Or maybe it won’t, maybe this experiment coasts along bouncing between 20k and 3k for another 20 years, similar to the dot com bubble. Maybe its not a bubble, maybe its one big bull flag. Or maybe we’ll moon shot this thing within a year. Who knows. If governments who have control with the current financial system really decide to make things hard, they can. No bitcoin wont die obviously, but it certainly wont gain the meaningful adoption that it actually needs to actually replace any currency or even to be used in a similar way to gold.

My worry after learning all that i have so far, is not about the coins themselves, of which there are too many, but with the people using them. We are the variable here, not the asset, and we are by nature a greedy bunch. If for instance there was a box, with a small button on top that when pressed the box would spit out $1 , we would spam the heck out of it. Not only that, but we would come up with a way to hire someone to spam it, and only pay them $1 an hour for the privilege of spamming the button. That’s just human nature, we fall into capitalism so easy, and i can see the Crypto world (especially bitcoin) being extremely rigid and un moving in response to this current archaic system of work.

If you explain in a detailed and well structured way to anyone off the street the value and possibilities of Crypto currency compared to our current financial system, no one in their right mind can actually come up with an decent retort. And that's a problem. Because we know its better, the banking sector knows its better, the government knows its better, yet we haven’t made the shift yet. Why? From the looks of it, too many technical nuanced reasons to even begin to get into in this one article.

But for the sake of reducing it down into a TLDR format...no one really cares.

Were getting caught up on all the small fineries of the subject, without seeing the bigger picture. The large majority are just fine with the current financial system, even if the largest majority of people within the financial system aren’t the ones who benefit in any way from it. In fact, it should be all too apparent by now that the majority of people who have a bank account have no idea how the financial system works and are the ones who actually feed the beast. Absurd.

If you have enjoyed reading this opinion piece then i would greatly appreciate the Tip. Feel free to comment below and I’ll try get back to you if i have the time.

Thanks!!1!