My name is Bitcoin Babaji because I’m a trader of bitcoin and also because I am a babaji. That’s someone who has given up business, family or career, for the spiritual path in the pursuit of consciousness. Babaji comes from the Sanskrit or Vedic culture of India, where a “sadhu” or holy man, wondering mendicant, pilgrim, will be called a baba, or babaji. I took the name for myself, based on my teachers in the lineage of yogis and mystics because I like to live outside of society, with little possessions but loads of wisdom. I’m a transcendentalist.
Yet, even though I have left behind the accumulation of money, having little need for it, or possessions, I survive by trading bitcoin and cryptocurrency. I am my own master and trade according to my own time. I taught myself trading, day trading, swing trading, and all about cryptocurrency purely from Youtube and the internet, watching and learning from others who share their knowledge freely. I am self-taught in macro-economics, and finance, as a layman, without qualifications, a novice.
But even I can see the stock market is overinflated like a bubble, bloated on Fed QE unlimited money printing. A total fraud which will collapse into the Great Depression in 2021. Actually money is a con, based on the money printer going Brrrrr..... if you know what I mean. The concept of fiat currency (which is not hard money) is a con and a crime actually, in mine and other learned economists opinions. Especially since the loss of the gold standard on 1971 by Nixon and his cronies at the Fed, a private company that controls the mass printing of worthless paper notes with zero backing other than the military. Gold is hard money, and now bitcoin is the hardest money.
My brain is able to pick up the basics and run with it. Even for my advanced age – beyond 50 years – I have taken to crypto like a Millennial. I mostly trade bitcoin now. I started on Binance and some other platforms, buying my first bitcoin in late 2017 just as the last bull run was peaking. Back then I didn’t know anything about it and watched the bear market of 2018/9, all the while trying my hand at day trading on Binance. It was fun, dawn ‘til dusk, seven days a week for months on end.
I learned how to scalp 1-4% on day trades, how to time entries and exits. I even tried margin or options trading with leverage on one site, but it’s too risky for me, so I left it. Overall, day trading can take up a lot of time and focus and be a bit stressful. And remember that my main philosophy of life, after spending ten years as a celibate monk in my twenties, in a yoga ashram, is the spiritual path, not the pursuit of money.
So after learning about the trading world, I decided I would rather simply invest long term. As a result I buy the dips and accumulate bitcoin if I have some cash, which comes sometimes from my astrology consultation work for clients. And overall, I only buy or sell a few times a month or less, when there is an opportunity for a swing trade, long term.
The pursuit of money can be an obstacle on the path of a transcendentalist, so I don’t worry trading too much. Often doing less is the real secret to making profit as a trader, not doing more. Less is more. The transcendental path implies letting it come to you, not becoming addicted to the pursuit of profits, or the rush of dopamine from the trading floor and possible gains.
The richest person is the one who has conquered greed. And the one who is wealthy in wisdom. And the one who has time. Time is the priceless and most valuable gift. More valuable than bitcoin. So if you have to give up all your time trying to accumulate bitcoin, you are losing out. No matter how much bitcoin you have, you can’t buy a single second of extra time in your life. So enjoy trading but remember that you are trading your time too.
Other than that, I don’t trade the altcoins any more, they are too speculative. I will accumulate them from blogging and then sell into bitcoin. Finally I sell my bitcoin into local fiat to survive. I don’t need to be any richer than I already am, with a beautiful natural environment and all the time to do as I please, with very minimal overheads. I retired at 30, after leaving the yoga ashram, and have never needed to work much for anyone. So my life is one of living the dream on permanent holiday on the south coast of Africa.
That’s why I have so much time to blog and research or write on whatever I choose. Cryptocurrency and tokenized blogging has allowed the babaji to continue living the hermit’s spiritual lifestyle, while bringing in some money to survive. It is a match made in heaven. And thus the name Bitcoin Babaji – a paradoxical contradiction in terms.
